Common use of Actions Requested by Indenture Trustee Clause in Contracts

Actions Requested by Indenture Trustee. At the Administrator’s expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Titling Companies, the Collateral Agent and the Servicer of their obligations to the Issuer under the Credit and Security Agreement, the Exchange Note Supplement, the Servicing Agreement or the Servicing Supplement or (B) the Depositor and Ford Credit of their obligations under the Exchange Note Purchase Agreement and the Exchange Note Sale Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

Appears in 26 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-A)

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Actions Requested by Indenture Trustee. At the Administrator’s 's expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Titling Companies, the Collateral Agent and the Servicer of their obligations to the Issuer under the Credit and Security Agreement, the Exchange Note Supplement, the Servicing Agreement or the Servicing Supplement or (B) the Depositor and Ford Credit of their obligations under the Exchange Note Purchase Agreement and the Exchange Note Sale Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

Appears in 9 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2023-B)

Actions Requested by Indenture Trustee. At the Administrator’s expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Titling Companies, the Collateral Agent Depositor and the Servicer of their obligations to the Issuer under the Credit Transfer and Security AgreementServicing Agreement and, the Exchange Note Supplement, Master Trust Receivables Transfer Agreement and the Servicing VZMT Receivables Transfer Agreement or the Servicing Supplement or (B) the Depositor and Ford Credit the Originators of their obligations under the Exchange Note Purchase Agreement and the Exchange Note Sale Originator Receivables Transfer Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)

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Actions Requested by Indenture Trustee. At the Administrator’s expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Titling Companies, the Collateral Agent Depositor and the Servicer of their obligations to the Issuer under the Credit Transfer and Security Servicing Agreement[ and], the Exchange Note Supplement, Master Trust Receivables Transfer Agreement and the Servicing VZMT Receivables Transfer Agreement or the Servicing Supplement or (B) the Depositor and Ford Credit the Originators of their obligations under the Exchange Note Purchase Agreement and the Exchange Note Sale Originator Receivables Transfer Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)

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