Common use of Action upon Instruction by Certificateholders Clause in Contracts

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 194 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-4), Trust Agreement (Ally Auto Receivables Trust 2010-5), Trust Agreement (Ally Auto Assets LLC)

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Action upon Instruction by Certificateholders. (a) Subject to Section 4.44.4 and Section 6.1(g), the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 17 contracts

Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4Sections 4.05 and 4.06, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5Issuer.

Appears in 17 contracts

Samples: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4, the Certificateholders may by written instruction direct the AART Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 12 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-Sn1), Trust Agreement (Ally Auto Receivables Trust 2013-Sn1), Trust Agreement (Ally Auto Assets LLC)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4Sections 4.5 and 4.6, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 3 contracts

Samples: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.44.4 , the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 2 contracts

Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Wodfi LLC)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4Article IV, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purposes of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5Article IV.

Appears in 2 contracts

Samples: Trust Agreement (Oakwood Homes Corp), Trust Agreement (Oakwood Homes Corp)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.44.4 and Section 6.1(g), the Certificateholders may by written instruction direct the Owner Trustee in the management of the TrustIssuing Entity. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 1 contract

Samples: Trust Agreement (Navistar International Corp)

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Action upon Instruction by Certificateholders. (a) Subject to Section SECTION 4.4, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section SECTION 4.5.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Inc)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4Sections 4.05 and 4.06, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 1 contract

Samples: Trust Agreement (California Republic Funding LLC)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.44.3, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.54.4.

Appears in 1 contract

Samples: Trust Agreement (Imc Securities Inc)

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4, the Certificateholders may by written instruction direct the CARAT Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.5.

Appears in 1 contract

Samples: Capital Auto Receivables LLC

Action upon Instruction by Certificateholders. (a) Subject to Section 4.4, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Section 4.54.5 with the consent of the Insurer (if the Insurer is the Controlling Party).

Appears in 1 contract

Samples: Trust Agreement (Cit Marine Trust 1999-A)

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