Common use of Sale of Trust Assets Clause in Contracts

Sale of Trust Assets. (a) The method, manner, time, place and terms of any sale of Receivables (or interest therein) pursuant to Section 5.05(a) must be commercially reasonable. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any sale.

Appears in 4 contracts

Samples: Indenture (Nissan Wholesale Receivables Corp Ii), Indenture (Ford Credit Floorplan LLC), Ford Credit Auto Receivables LLC

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Sale of Trust Assets. (a) The method, manner, time, place and terms of any sale of Receivables (or interest therein) or Interests in Other Floorplan Assets pursuant to Section 5.05(a) must be commercially reasonable. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any sale.

Appears in 2 contracts

Samples: Indenture (Ford Credit Floorplan LLC), Ford Credit Floorplan Corp

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Sale of Trust Assets. (a) The method, manner, time, place and terms of any sale of Receivables (or interest therein) pursuant to Section 5.05(a) must shall be --------------- commercially reasonable. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any sale.

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

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