Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Holders of not less than 66-2/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 6 contracts
Samples: Indenture, Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of not less than 66-2/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 5 contracts
Samples: Servicing Agreement (Capital One Master Trust), Servicing Agreement (Capital One Master Trust), investor.capitalone.com
Sale of Collateral for Accelerated Notes. In the case of a Series, Series or Class or Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and and, subject to any further conditions specified in the related Indenture Supplement, at the direction of the Holders of not less more than 66-2/3% of the Outstanding Dollar Principal Amount of that Series, Series or Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 3 contracts
Samples: Indenture (Barclays Dryrock Issuance Trust), Indenture (Dryrock Issuance Trust), Dryrock Issuance Trust (Dryrock Issuance Trust)
Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Holders of not less more than 66-2/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (American Express Issuance Trust), American Express Issuance Trust, American Express Issuance Trust
Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Collateral Agent may, at the direction of the Indenture Trustee mayTrustee, and at the direction of the Holders of not less more than 66-2/3662/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 2 contracts
Samples: Bank One Delaware National Association, First Usa Credit Card Master Trust
Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, subject to any further conditions specified in the related Indenture Supplement, and at the direction of the Holders of not less than 66-2/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 1 contract
Samples: Trust Indenture
Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Collateral Agent may, at the direction of the Indenture Trustee mayTrustee, and at the direction of the Holders of not less more than 66-66 2/3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuer to sell Collateral as provided in the related Indenture Supplement.
Appears in 1 contract
