Common use of Action upon Instruction Clause in Contracts

Action upon Instruction. (a) Subject to Article IV, the Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

Action upon Instruction. (a) Subject to Article IV, the Holding Trust Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Holding Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Holding Trust Certificateholder shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

Action upon Instruction. (a) Subject to Article IV, the Certificateholder Certificate Majority shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder Certificate Majority shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

Action upon Instruction. (a) Subject to Article IV, the Certificateholder Majority Certificateholders shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder Certificateholders shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

Action upon Instruction. (a) Subject to Article IV, the Holding Trust Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Holding Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.any

Action upon Instruction. (a) Subject to Article IV, the Certificateholder Certificateholders shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Related Document. The Certificateholder Certificateholders shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Related Documents.

Action upon Instruction. (a) . (a) Subject to Article IV, the Certificateholder Certificate Majority shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein herein, in any Basic Document or, with respect to Certificates, in any Series Supplement or in any Basic Series Related Document. The Certificateholder Certificate Majority shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic DocumentsDocuments or, with respect to Certificates, any Series Supplement or any Series Related Document.

Action upon Instruction. (a) Subject to Article IV, the Certificateholder [Majority] Certificateholder[s] shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder Certificateholder[s] shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

Action upon Instruction. (a) Subject to Article IV, the Equity Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such written instructions are not inconsistent with the express terms set forth herein or in any Basic Related Document, and provided that if the Indenture Trustee, the Noteholders or the Servicer are entitled, pursuant to the Indenture or the Transfer and Servicing Agreement, to direct any actions of the Owner Trustee, such directions shall control. The Equity Certificateholder shall may not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Related Documents.

Action upon Instruction. (a) Subject to Article IV, the Equity Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Related Document, and provided that if the Indenture Trustee, the Noteholders or the Servicer are entitled, pursuant to the Indenture or the Transfer and Servicing Agreement, to direct any actions of the Owner Trustee, such directions shall control. The Equity Certificateholder shall may not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Related Documents.

Action upon Instruction. (a) a. Subject to Article IVthe terms of this Agreement, the Certificateholder Certificateholders shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Related Document. The Certificateholder Certificateholders shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Related Documents.

Action upon Instruction. (a) Subject to Article IV, the Certificateholder shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.Basic

Action upon Instruction. (a) Subject to Article IV, the Certificateholder Holders of a majority of the Outstanding Amount of the Trust Certificates shall have the exclusive right to direct the actions of the Owner Trustee in the management of the Trust, so long as such instructions are not inconsistent with the express terms set forth herein or in any Basic Document. The Certificateholder Such majority of Certificateholders shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.