Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 201 contracts
Samples: Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2023-4 Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer Issuing Entity shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 136 contracts
Samples: Indenture (CNH Equipment Trust 2024-C), Indenture (CNH Equipment Trust 2024-C), Indenture (World Omni Select Auto Trust 2024-A)
Removal of Administrator. So long as any Notes are Outstandingissued and outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 116 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-A)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with respect to such removal.
Appears in 109 contracts
Samples: Indenture (CarMax Auto Owner Trust 2024-3), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-2)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removaltherewith.
Appears in 97 contracts
Samples: Indenture (USAA Auto Owner Trust 2008-1), Indenture (USAA Auto Owner Trust 2007-1), Indenture (USAA Auto Owner Trust 2007-2)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless without providing prior written notice to the Rating Agency Condition shall have been satisfied in connection with such removalAgencies.
Appears in 76 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received 10 days’ written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating then assigned thereby to any Class of Notes.
Appears in 52 contracts
Samples: Indenture (Toyota Auto Receivables 2017-B Owner Trust), Indenture (Toyota Auto Receivables 2017-B Owner Trust), Indenture (Toyota Auto Receivables 2016-B Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and consents thereto.
Appears in 35 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2012-A), Indenture (BMW Vehicle Owner Trust 2011-A), Indenture (BMW Vehicle Owner Trust 2011-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removaltherewith.
Appears in 34 contracts
Samples: Nissan Auto Receivables 2024-a Owner Trust, Nissan Auto Receivables 2024-a Owner Trust, NISSAN AUTO RECEIVABLES Co II LLC
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and consents thereto.
Appears in 33 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2024-B), Indenture (Hyundai Auto Receivables Trust 2024-B), Indenture (Hyundai Auto Receivables Trust 2024-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless the Rating Agency Condition shall have been satisfied in connection with respect to such removal.
Appears in 32 contracts
Samples: Toyota Auto Finance Receivables LLC, Toyota Auto Receivables 2024-C Owner Trust, Toyota Auto Receivables 2024-C Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied with respect to each Rating Agency in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and consents thereto.
Appears in 23 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Indenture (BMW Vehicle Owner Trust 2023-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received ten (10) days’ written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating then assigned thereby to any Class of Notes.
Appears in 22 contracts
Samples: Form of Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Auto Receivables 2018-D Owner Trust), Form of Indenture (Toyota Auto Finance Receivables LLC)
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 15 contracts
Samples: Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 15 contracts
Samples: Indenture (WFS Financial 2005-3 Owner Trust), Indenture (WFS Financial 2004-4 Owner Trust), Indenture (WFS Receivables Corp 3)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to Standard & Poor’s, but with satisfaction of the Rating Agency Notification with respect to Standard & Poor’s if Standard & Poor’s is rating any Outstanding Class of Notes) in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and consents thereto.
Appears in 12 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2015-C), Indenture (Hyundai Auto Receivables Trust 2015-A), Indenture (Hyundai Auto Receivables Trust 2014-B)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating then assigned thereby to any Class of Notes.
Appears in 9 contracts
Samples: Indenture (Toyota Motor Credit Corp), Indenture (Toyota Auto Finance Receivables LLC), Tia Indenture (Toyota Motor Credit Receivables Corp)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless without prior satisfaction of the Rating Agency Condition shall have been satisfied in connection with such removalCondition.
Appears in 9 contracts
Samples: California Republic (California Republic Auto Receivables Trust 2018-1), California Republic (California Republic Auto Receivables Trust 2018-1), California Republic (California Republic Auto Receivables Trust 2017-1)
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 8 contracts
Samples: Master Indenture (Alliance Data Systems Corp), Master Indenture (First National Funding LLC), Master Indenture (First National Funding LLC)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 7 contracts
Samples: Indenture (Wells Fargo Student Loans Receivables I LLC), Asset Backed Securities Corp, Usa Group Secondary Market Services Inc
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating, if any, then assigned thereby to any Class of Notes or the Certificates.
Appears in 6 contracts
Samples: Indenture (Nissan Auto Receivables 2002-a Owner Trust), Indenture (Nissan Auto Receivables 2002 C Owner Trust), Indenture (Nissan Auto Receivables 2002 B Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition for each series of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 6 contracts
Samples: Underwriting Agreement (Goldman Sachs Asset Backed Securities Corp), Indenture (Asset Backed Securities Corp), Indenture (Wholesale Auto Receivables Corp)
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless without prior satisfaction of the Rating Agency Condition shall have been satisfied in connection with such removalCondition.
Appears in 5 contracts
Samples: Trust Agreement (California Republic Auto Receivables Trust 2015-2), Trust Agreement (California Republic Funding LLC), Indenture (California Republic Funding LLC)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition Confirmation shall have been satisfied obtained in connection with such removaltherewith.
Appears in 4 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2004-A), Indenture (Ford Credit Auto Owner Trust 2005-B), Indenture (Ford Credit Auto Owner Trust 2005-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received ten (10) days’ written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating then assigned thereby to any of the Class A Notes.
Appears in 4 contracts
Samples: Toyota Auto Receivables 2020-C Owner Trust, Toyota Auto Receivables 2020-C Owner Trust, Toyota Auto Receivables 2020-B Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless the Rating Agency Condition with respect to such removal shall have been satisfied in connection with such removalsatisfied.
Appears in 4 contracts
Samples: Indenture (Nissan Auto Receivables 2011-a Owner Trust), Indenture (Nissan Auto Receivables 2011-a Owner Trust), Indenture (Nissan Auto Receivables 2010-a Owner Trust)
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall may not remove the Administrator without cause as provided in the Administration Agreement, unless the Rating Agency Condition shall have has been satisfied in connection with such removal.
Appears in 4 contracts
Samples: Indenture (Ford Credit Floorplan LLC), Ford Credit Floorplan Corp, Indenture (Ford Credit Floorplan LLC)
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer Owner Trustee shall not remove the Administrator without cause unless the Rating Agency Condition for each class of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 3 contracts
Samples: Indenture (Navistar Financial Retail Receivables Corporation), Servicing Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalcause.
Appears in 3 contracts
Samples: Master Indenture, Master Indenture (Atlanticus Holdings Corp), Master Indenture (Atlanticus Holdings Corp)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with respect to such removal and, unless an Insurer Default shall have occurred and be continuing, the Insurer shall have consented to such removal.
Appears in 3 contracts
Samples: Indenture (Carmax Auto Funding LLC), Indenture (Pooled Auto Securities Shelf LLC), Pooled Auto Securities Shelf LLC
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 3 contracts
Samples: Indenture (World Omni Auto Receivables LLC), Signet Bank Maryland, World Omni Auto Receivables LLC
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have been satisfied received prompt written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in connection with such removalthe removal or reduction of the rating, if any, then assigned thereby to any Class of Notes or the Certificates.
Appears in 3 contracts
Samples: Indenture (Nissan Auto Receivables 2009-1 Owner Trust), Indenture (Nissan Auto Receivables 2008-C Owner Trust), Indenture (Nissan Auto Receivables 2009-a Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding------------------------ outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 3 contracts
Samples: Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Inc)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition for each Series of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 2 contracts
Samples: Indenture (Wodfi LLC), Indenture (Wodfi LLC)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition for each class of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 2 contracts
Samples: Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 24 (2023-A Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2023-A), Indenture (Hyundai Auto Receivables Trust 2023-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and the Insurer and the Indenture Trustee shall have given their prior written consent.
Appears in 2 contracts
Samples: Auto Nations Receivables Corp, Auto Nations Receivables Corp
Removal of Administrator. So long as any Notes are Outstandingissued ------------------------ and outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 2 contracts
Samples: Indenture (Green Tree Financial Corp), Mitsui Vendor Leasing 1998-1 LLC
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to Standard & Poor’s, but with satisfaction of the Rating Agency Notification with respect to Standard & Poor’s if Standard & Poor’s is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 21 (2016-A Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2016-A)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 23 (2018-A Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2018-A)
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer Owner Trustee shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removaltherewith.
Appears in 2 contracts
Samples: Indenture (M&i Auto Loan Trust 2002-1), Bond Securitization LLC
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Issuer has received a letter from each Rating Agency Condition shall have been satisfied in connection with to the effect that such removalremoval will not cause the then current ratings on the Notes and the Certificate to be qualified, reduced or withdrawn.
Appears in 2 contracts
Samples: Indenture (Sasco Mortgage Loan Trust Series 2003-Gel1), Lehman Abs Corp
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 22 (2018-B Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2018-B), Indenture (Hyundai Auto Receivables Trust 2018-B)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2020-A Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2020-a Owner Trust, Nissan Auto Receivables 2020-a Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Issuer has received a letter from each Rating Agency Condition shall have been satisfied in connection with to the effect that such removalremoval will not cause the then-current ratings on the Notes to be qualified, reduced or withdrawn.
Appears in 2 contracts
Samples: Indenture (Homebanc Corp), Indenture (HMB Acceptance Corp.)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 20 (NAROT 2019-C Indenture)
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2019-C Owner Trust), Indenture (Nissan Auto Receivables 2019-C Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. (2019-B Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Abs Funding LLC)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2019-B Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2019-B Owner Trust, Nissan Auto Receivables 2019-B Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Issuer has received a letter from each Rating Agency Condition shall have been satisfied in connection with to the effect that such removalremoval will not cause the then-current ratings on the Notes and the Certificate to be qualified, reduced or withdrawn.
Appears in 2 contracts
Samples: Indenture (Sasco Mortgage Loan Trust Series 2004-Gel2), Indenture (SASCO Mortgage Loan Trust 2004-Gel3)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2017-A Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2017-a Owner Trust, Nissan Auto Receivables 2017-a Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2016-C Indenture)
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2016-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2016-C Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2016-B Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2016-B Owner Trust, Nissan Auto Receivables 2016-B Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 19 (NAROT 2017-B Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2017-B Owner Trust, Nissan Auto Receivables 2017-B Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 18 (NAROT 2016-A Indenture)
Appears in 2 contracts
Samples: Nissan Auto Receivables 2016-a Owner Trust, Nissan Auto Receivables 2016-a Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer Owner Trustee shall not remove the Administrator without cause unless the Rating Agency Condition for each class of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 1 contract
Samples: Indenture (Navistar Financial Retail Receivables Corporation)
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer Trust shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 1 contract
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 2000-1 Indenture
Appears in 1 contract
Samples: Amsouth Auto Receivables LLC
Removal of Administrator. So long as any Notes ------------------------ are Outstanding, the Issuer Owner Trustee shall not remove the Administrator without cause unless the Rating Agency Condition for each class of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 1 contract
Samples: Indenture (Navistar Financial Retail Receivables Corporation)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Issuer has received a letter from each Rating Agency Condition shall have been satisfied in connection with to the effect that such removalremoval will not cause the then-current ratings on the Notes and the Certificates to be qualified, reduced or withdrawn.
Appears in 1 contract
Samples: BLG Securities Company, LLC
Removal of Administrator. So long as any Notes are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition Condition, if applicable, shall have been satisfied in connection with such removal.
Appears in 1 contract
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition for each Series of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 1 contract
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition Confirmation shall have been satisfied provided in connection with such removaltherewith.
Appears in 1 contract
Samples: Note Depository Agreement (Ford Credit Auto Receivables Two LLC)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 20[__]-[ ] Indenture)
Appears in 1 contract
Samples: Hyundai Abs Funding Corp
Removal of Administrator. So long as any Indenture Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 1 contract
Samples: Case Receivables Ii Inc
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition for each class of Notes then outstanding shall have been satisfied in connection with such removal.
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with respect to such removal.
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the The Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 1 contract
Samples: Fleetwood Credit Receivables Corp
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.. ARTICLE IIIA Calculation of Rates
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstandingissued and outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.. ARTICLE FOUR
Appears in 1 contract
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. 30
Appears in 1 contract
Samples: Ford Motor Credit Co
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless the Rating Agency Condition shall have with respect to such removal has been satisfied in connection with such removalsatisfied.
Appears in 1 contract
Samples: Nissan Auto Receivables Corp Ii
Removal of Administrator. So For so long as any ------------------------ Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with respect to such removal and, unless an Insurer Default shall have occurred and be continuing, the Insurer shall have consented to such removal.
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 24 (2022-A Indenture)
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal. SECTION 3.18.
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied (other than with respect to Standard & Poor’s, but with satisfaction of the Rating Agency Notification with respect to Standard & Poor’s if Standard & Poor’s is rating any Outstanding Class of Notes) in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 29 (2015-B Indenture)
Appears in 1 contract
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.therewith. ARTICLE IV
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition Credit Enhancer shall have been satisfied in connection with consented to such removal.
Appears in 1 contract
Samples: Indenture (Banc One Abs Corp)
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition Agencies shall have been satisfied notified the Indenture Trustee that such removal will not result in connection with such removalthe reduction.
Appears in 1 contract
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalremoval and the Subordinate Note Insurer shall have given its prior written consent.
Appears in 1 contract
Samples: Indenture (Usa Group Secondary Market Services Inc)
Removal of Administrator. So long as any Notes or any other interests in the Receivables specified in the related Indenture Supplement are Outstandingoutstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.
Appears in 1 contract
Samples: Master Indenture (Compucredit Corp)
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and the Insurer and the Indenture Trustee shall have given their prior written consent.
Appears in 1 contract
Samples: Auto Nations Receivables Corp
Removal of Administrator. So long as any Notes are ------------------------ Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removalremoval and the Indenture Trustee receives written notice of the foregoing and the Note Insurer has given its prior written consent with a copy of such consent to the Indenture Trustee.
Appears in 1 contract
Samples: Administration Agreement (SSB Vehicle Securities Inc)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied in connection with such removal.removal and the Indenture Trustee receives written notice of the foregoing and consents thereto. 24
Appears in 1 contract