Common use of Actions by Noteholders Clause in Contracts

Actions by Noteholders. Wherever in this Agreement a provision is made that an action may be taken or a notice, demand, or instruction given by Noteholders, such action, notice, demand or instruction may be taken or given by any Noteholder, unless such provision requires a specific percentage or class of Noteholders.

Appears in 3 contracts

Sources: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)

Actions by Noteholders. Wherever in this Agreement a provision is made that an action may be taken or a notice, demand, or instruction Notice given by Noteholders, such action, notice, demand action or instruction Notice may be taken or given by any Noteholder, unless such provision requires a specific percentage or class of Noteholders.

Appears in 1 contract

Sources: Master Indenture (Bon Ton Stores Inc)

Actions by Noteholders. Wherever (a) Whenever in this Agreement a provision is made that an action may be taken or a notice, demand, demand or instruction instructions given by Noteholders, such action, notice, demand notice or instruction may be taken or given by any Noteholder, unless such provision requires a specific percentage or class of Noteholders.

Appears in 1 contract

Sources: Transfer and Servicing Agreement (Alliance Data Systems Corp)

Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a notice, demand, or instruction Notice given by Noteholders, such action, notice, demand action or instruction Notice may be taken or given by any Noteholder, unless such provision requires a specific percentage or class of Noteholders.

Appears in 1 contract

Sources: Transfer and Servicing Agreement (CNH Wholesale Receivables Inc)