Removal by Controlling Class. The Noteholders of a majority of the Note Balance of the Controlling Class may, without cause, remove the Indenture Trustee and terminate its rights and obligations under this Indenture by notifying the Indenture Trustee and the Issuer at least 30 days in advance.
Appears in 84 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-A)
Removal by Controlling Class. The Noteholders of a majority of the Note Balance of the Controlling Class may, without cause, remove the Indenture Trustee and terminate its rights and obligations under this Indenture by notifying the Indenture Trustee and the Issuer Trust, in writing, at least 30 thirty (30) days in advanceprior to such removal.
Appears in 39 contracts
Samples: Indenture (Verizon Master Trust), Verizon Master Trust, Verizon Master Trust
Removal by Controlling Class. The Noteholders of a majority of the Note Balance of the Controlling Class may, without cause, remove the Indenture Trustee and terminate its rights and obligations under this Indenture by notifying the Indenture Trustee and the Issuer Issuer, in writing, at least 30 thirty (30) days in advanceprior to such removal.
Appears in 20 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)
Removal by Controlling Class. The Noteholders of a majority of the Note Balance of the Controlling Class may, without cause, remove the Indenture Trustee and terminate its rights and obligations under this Indenture by notifying the Indenture Trustee and the Issuer Issuer, in writing, at least 30 [thirty (30)] days in advanceprior to such removal.
Appears in 3 contracts
Samples: Verizon ABS LLC, Verizon ABS LLC, Verizon ABS LLC
