Common use of Termination Event or Potential Termination Event Clause in Contracts

Termination Event or Potential Termination Event. The Agent ------------------------------------------------ shall not be deemed to have knowledge or notice of the occurrence of a Potential Termination Event or a Termination Event unless the Agent has received written notice from the Company, any other Owner or the Issuer specifying such Potential Termination Event or Termination Event and stating that such notice is a "Notice of Termination Event or Potential Termination Event". In the event that the Agent receives such a notice of the occurrence of a Potential Termination Event or Termination Event, the Agent shall give prompt notice thereof to the Company and the other Owners. The Agent shall (subject to Section 5.2 hereof) take such action with respect to such Potential Termination Event or Termination Event as shall reasonably be directed by the Majority Owners, provided that, unless and -------- until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Termination Event or Termination Event as it shall deem advisable in the best interest of the Company.

Termination Event or Potential Termination Event. The Agent ------------------------------------------------ shall not be deemed to have knowledge or notice of the occurrence of a Potential Termination Event or a Termination Event unless the Agent has received written notice from the Company, any other Owner a Bank Investor, the Transferor or the Issuer Master Servicer specifying such Potential Termination Event or Termination Event and stating that such notice is a "Notice of Termination Event or Potential Termination Event". In the event that the Agent receives such a notice of the occurrence of a Potential Termination Event or Termination Event, the Agent shall give prompt notice thereof to the Company and the other OwnersBank Investors. The Agent shall (subject to Section 5.2 9.2 hereof) take such action with respect to such Potential Termination Event or Termination Event as shall reasonably be directed by the Majority OwnersInvestors, provided PROVIDED that, unless and -------- until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Termination Event or Termination Event as it shall deem advisable in the best interest of the CompanyCompany and the Bank Investors.

Termination Event or Potential Termination Event. The Agent ------------------------------------------------ shall not be deemed to have knowledge or notice of the occurrence of a Potential Termination Event or a Termination Event unless the Agent has received written notice from the Companya Conduit, any other Owner a Bank Investor or the Issuer Transferor specifying such Potential Termination Event or Termination Event and stating that such notice is a "Notice of Termination Event or Potential Termination Event". In the event that the Agent receives such a notice of the occurrence of a Potential Termination Event or Termination Event, the Agent shall give prompt notice thereof to the Company each Class Agent each Conduit and the other Ownerseach Bank Investor. The Agent shall (subject to Section 5.2 9.2 hereof) take such action with respect to such Potential Termination Event or Termination Event as shall reasonably be directed by the Majority OwnersInvestors, provided that, unless and -------- until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Termination Event or Termination Event as it shall deem advisable in the best interest of the CompanyConduits and each Bank Investor.

Termination Event or Potential Termination Event. The Agent ------------------------------------------------ shall not be deemed to have knowledge or notice of the occurrence of a Potential Termination Event or a Termination Event unless the Agent has received written notice from the Company, any other Owner a Bank Investor or the Issuer specifying such Potential Termination Event or Termination Event and stating that such notice is a "Notice of Termination Event or Potential Termination Event". In the event that the Agent receives such a notice of the occurrence of a Potential Termination Event or Termination Event, the Agent shall give prompt notice thereof to the Company and the other OwnersBank Investors. The Agent shall (subject to Section 5.2 hereof) take such action with respect to such Potential Termination Event or Termination Event as shall reasonably be directed by the Majority OwnersInvestors, provided PROVIDED that, unless and -------- until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Termination Event or Termination Event as it shall deem advisable in the best interest of the CompanyCompany and the Bank Investors.