Common use of Amendments to Clarify and Correct Errors and Defects Clause in Contracts

Amendments to Clarify and Correct Errors and Defects. The parties may amend this Agreement to clarify an ambiguity, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with the other terms of this Agreement, in each case, without the consent of the Noteholders, the Certificateholders or any other Person. The parties may amend any term or provision of this Agreement from time to time for the purpose of conforming the terms of this Agreement to the description thereof in the Prospectus, without the consent of Noteholders, the Certificateholders or any other Person. The Administrator may amend any term or provision of this Agreement from time to time for the purpose of making Benchmark Replacement Conforming Changes, without the consent of Noteholders, the Certificateholders, any other party to this Agreement or any other Person.

Appears in 5 contracts

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.