Common use of Supplemental Indentures Without Consent of Clause in Contracts

Supplemental Indentures Without Consent of. Noteholders. ----------- (a) Without the consent of any Noteholders, the Issuer, by an Issuer Order, and the Trustee, at any time and from time to time, may, with the consent of the Insurer (if no Insurer Default has occurred and is continuing) enter into one or more indentures supplemental hereto, for any of the following purposes: (i) to add to the covenants of the Issuer for the benefit of the Noteholders, or to surrender any right or power herein conferred upon the Issuer; (ii) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein; or (iii) to correct or amplify the description of any property at any time subject to the lien of this Indenture, or to better assure, convey and confirm unto the Trustee any property subject or required to be subjected to the lien of this Indenture; provided such action pursuant to this Section 10.01(a) -------- shall not adversely affect the interests of the Noteholders in any respect or in the reduction or withdrawal of the then current ratings of the Outstanding Notes. (b) The Trustee shall promptly deliver to each Noteholder and each Rating Agency a copy of any supplemental indenture entered into pursuant to Section 10.01(a).

Appears in 2 contracts

Samples: Indenture (Ikon Receivables LLC), Indenture (Ikon Receivables LLC)

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Supplemental Indentures Without Consent of. Noteholders. ----------------------- (a) Without the consent of any Noteholders, the Issuer, by an Issuer a Trust Order, and the Indenture Trustee, at any time and from time to time, may, with the consent of the Insurer (if no Insurer Default has occurred and is continuing) may enter into one or more indentures supplemental hereto, in form satisfactory to Indenture Trustee, for any of the following purposes: (i) to add to the covenants of the Issuer for the benefit of the Noteholders, or to surrender any right or power herein conferred upon the IssuerTrust; (ii) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein; or (iii) to correct or amplify the description of any property at any time subject to the lien of this Indenture, or to better assure, convey and confirm unto the Indenture Trustee any property subject or required to be subjected to the lien of this Indenture; provided such action pursuant to this Section 10.01(a9.1(a) -------- shall not adversely affect the interests of the Noteholders in any respect or respect. Additionally, Issuer, by Trust Order, and Indenture Trustee, without the consent of any Noteholders, may execute a Supplemental Indenture to conform the Indenture to the description thereof and of the Notes and Certificates contained in the reduction or withdrawal of the then current ratings of the Outstanding NotesProspectus. (b) The Indenture Trustee shall promptly deliver to each Noteholder and each Rating Agency a copy of any supplemental indenture entered into pursuant to Section 10.01(a9.1(a).

Appears in 1 contract

Samples: Indenture (Provident Lease Receivables Corp)

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Supplemental Indentures Without Consent of. Noteholders. ----------- (a) Without the consent of any Noteholders, [the Issuer, ,] by an Issuer Order, and the Trustee, at any time and from time to time, may, [with the consent of the Insurer (if no Insurer Default has occurred and is continuing) )] enter into one or more indentures supplemental hereto, for any of the following purposes: (i) to add to the covenants of the Issuer for the benefit of the Noteholders, or to surrender any right or power herein conferred upon the Issuer; (ii) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein; or (iii) to correct or amplify the description of any property at any time subject to the lien of this Indenture, or to better assure, convey and confirm unto the Trustee any property subject or required to be subjected to the lien of this Indenture; provided such action pursuant to this Section 10.01(a) -------- shall not adversely affect the interests of the Noteholders in any respect or in the reduction or withdrawal of the then current ratings of the Outstanding Notes. (b) The Trustee shall promptly deliver to each Noteholder and each Rating Agency a copy of any supplemental indenture entered into pursuant to Section 10.01(a).

Appears in 1 contract

Samples: Indenture (Ikon Receivables Funding LLC)

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