Common use of Actions by Noteholders Clause in Contracts

Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a Notice given by Noteholder, such action or Notice may be taken or given by any Noteholder, unless such provision requires that the Noteholders holding a specific percentage of the Outstanding Amount take such action. (b) Any Notice, request, authorization, direction, consent, waiver or other act by the Noteholders shall bind such Noteholders and every subsequent holder of any Note and of any Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Indenture Trustee, any Managing Agent, the Administrative Agent, the Sellers or the Servicer in reliance thereon, whether or not notation of such action is made upon such Note.

Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a Notice Notice, demand or instruction given by NoteholderNoteholders, such action action, Notice, demand or Notice instruction may be taken or given by any Noteholder, unless such provision requires that the Noteholders holding a specific percentage of the Outstanding Amount take such actionNoteholders. (b) Any Notice, request, demand, authorization, direction, consent, waiver or other act by the Noteholders a Noteholder shall bind such Noteholders Noteholder and every subsequent holder Holder of any such Note and of any Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Indenture Issuer Trustee, the Indenture Trustee or any Managing Agent, the Administrative Agent, the Sellers or the Servicer Transferor in reliance thereon, whether or not notation of such action is made upon such Note.

Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a Notice Notice, demand or instruction given by NoteholderNoteholders, such action action, Notice, demand or Notice instruction may be taken or given by any Noteholder, unless such provision requires that the Noteholders holding a specific percentage of the Outstanding Amount take such actionNoteholders. (b) Any Notice, request, demand, authorization, direction, consent, waiver or other act by the Noteholders a Noteholder shall bind such Noteholders Noteholder and every subsequent holder Holder of any such Note and of any Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Issuer Trustee, the Indenture Trustee, any Managing Agent, the Administrative Agent, the Sellers Transferor or the Servicer in reliance thereon, whether or not notation of such action is made upon such Note.