Adverse Action. The Indenture Trustee need not take an action that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.
Appears in 80 contracts
Samples: Indenture (Ford Credit Auto Lease Trust 2018-A), Indenture (Ford Credit Auto Owner Trust 2020-B), Indenture (Ford Credit Auto Owner Trust 2019-A)
Adverse Action. The Indenture Trustee need not take an action for which it will not be adequately indemnified or that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.
Appears in 56 contracts
Samples: Verizon Master Trust, Indenture (Verizon Owner Trust 2019-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)
Adverse Action. The Indenture Trustee need not take an action that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.
Appears in 6 contracts
Samples: Indenture (CAB East LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)
