Sale of Receivables for Accelerated Notes. (i) If the Series 200__ - __ Notes have been accelerated pursuant to Section 7.02 of the Indenture following an Event of Default, each Holder of a Series 200__ - __ Note may notify the Indenture Trustee that it desires to cause the Issuer to sell Principal Receivables and the related Non-Principal Receivables, in the amount described below. The sale can only occur if at least one of the following conditions is met:
(A) the Holders of Series 200__ - __ Notes evidencing at least 90% of the Outstanding Dollar Principal Amount of the Series 200__ - __ Notes have notified the Indenture Trustee that they desire to cause the Issuer to sell Principal Receivables and the related Non-Principal Receivables in respect of their Series 200__ - __ Notes; or
(B) the Majority Holders of the Series 200__ - __ Notes have notified the Indenture Trustee that they desire to cause the Issuer to sell Principal Receivables and Non-Principal Receivables in respect of their Series 200__ - __ Notes and the net proceeds of the sale of Receivables pursuant to such sale (as described below) plus amounts on deposit in the Principal Funding Account would be sufficient to pay all amounts due on the Series 200__ - __ Notes; or
(C) (1) the Indenture Trustee determines that the funds to be allocated to the Series 200__ - __ Notes, including (x) Series 200__ - __ Available Interest Amount and Series 200__ - __ Available Principal Amounts and (y) amounts on deposit in the Principal Funding Account, may not be sufficient on an ongoing basis to make payments on the Series 200__ - __ Notes as those payments would have become due if the obligations had not been declared due and payable and (2) Holders of Series 200__ - __ Notes evidencing at least 66 2/3% of the Outstanding Dollar Principal Amount of the Series 200__ - __ Notes have notified the Indenture Trustee that they desire to cause the Issuer to sell Principal Receivables and Non-Principal Receivables in respect of their Series 200__ - __ Notes. If any of the conditions as provided in the preceding paragraph are met, the Issuer will sell Principal Receivables and the related Non-Principal Receivables on behalf of Holders of all Series 200__ - __ Notes, whether or not they have actually requested that the Issuer sell Principal Receivables and the related Non-Principal Receivables. If any of the conditions of the preceding paragraph are met, the Indenture Trustee shall cause the Issuer to sell Principal Receivables and the related Non-Principa...
Sale of Receivables for Accelerated Notes. (a) (i) If a tranche of Notes has been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of that tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of the affected tranche plus any accrued, past due and additional interest on the affected tranche.
Sale of Receivables 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 that series, class or tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in the related Indenture Supplement. Section 709. Noteholders Have the Right to Direct the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Indenture Trustee. The Majority Holders of any accelerated series, class or tranche of Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee, or exercising any trust or power conferred on the Indenture Trustee. This right may be exercised only if the direction provided by the Noteholders does not conflict with applicable law or this Indenture and does not have a substantial likelihood of involving the Indenture Trustee in personal liability.
Sale of Receivables 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 that series, class or tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in the related Indenture Supplement.
Sale of Receivables for Accelerated Notes. In the case of a tranche of Notes that has been accelerated following an Event of Default, the Trustee may, and at the direction of the Majority Holders of that tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in Section 523. SECTION 709. Noteholders Have the Right to Direct the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Trustee. The Majority Holders of any accelerated tranche of Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee. This right may be exercised only if the direction provided by the Noteholders does not conflict with applicable law or this Indenture or has a substantial likelihood of involving the Trustee in personal liability.
Sale of Receivables for Accelerated Notes. In the case of a series or class of Notes that has been accelerated following an Event of Default, if the Put Feature of such series or class of Notes has been deemed to be exercised as provided in the related Indenture Supplement, the Indenture Trustee will sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in such Indenture Supplement.
Sale of Receivables for Accelerated Notes. In the case of a series or class of Notes that has been accelerated following an Event of Default, if the Put Feature of such series or class of Notes has been deemed to be exercised as provided in the related Indenture Supplement, the Indenture Trustee will cause the CARCO Trust to sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in such Indenture Supplement. Section 709. Noteholders Have the Right to Direct the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Indenture Trustee. The Majority Holders of any accelerated series or class of Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee, or exercising any trust or power conferred on the Indenture Trustee, in respect of such series or class. This right may be exercised only if the direction provided by the Noteholders does not conflict with applicable law or this Indenture and does not have a substantial likelihood of involving the Indenture Trustee in personal liability.
Sale of Receivables for Accelerated Notes. In the case ----------------------------------------- of a 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 that tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in the related Indenture Supplement.
Sale of Receivables for Accelerated Notes. In the case of a series or class of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of that series or class of Notes will, cause the CARCO Trust to sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in the related Indenture Supplement.
Sale of Receivables for Accelerated Notes. (a) (i) If the Series [____] Notes has been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of the Series [____] Notes will, cause the CARCO Trust to sell Principal Receivables and the related Non-Principal Receivables (or interests therein) in an amount up to the Series [___] Nominal Liquidation Amount plus any past due interest on the Series [___] Notes.
