Examples of Asset Review Quorum in a sentence
If a vote in which an Asset Review Quorum participates occurs within the 90-day period pursuant to this Section 4.19(d)(ii) above and the Noteholders holding more than 50% of the Outstanding Amount of all Notes casting a vote direct that an Asset Representations Review be undertaken (the “Review Satisfaction Date”), then Indenture Trustee shall promptly provide a Review Notice to Transferor, Servicer and all Noteholders of Outstanding Notes in the same manner described above.
If (x) a vote in which an Asset Review Quorum participates occurs within such 90-day period and (y) Noteholders holding more than 50% of the Outstanding Note Balance casting a vote direct that a review be undertaken, then the Indenture Trustee shall promptly provide written notice to the Seller, the Servicer, the Bank, and Noteholders in the same manner as described above.