Common use of Authority to Amend Clause in Contracts

Authority to Amend. Subject to Section 7.3, this Agreement and the Certificate of Formation may only be amended with approval of the Managing Member and the majority vote of the members of the full Board of Directors and such additional approvals or consents, if any, as may be required under the Securitization Agreements. The Managing Member shall provide prior written notice of any proposed amendment to each Rating Agency then rating any Security that remains outstanding, but only if such rating initially was provided at the request of the Company, any Trust or an affiliate thereof.

Authority to Amend. Subject to Section 7.3, this Agreement and the Certificate of Formation may only be amended with approval of the Managing Member and the majority vote of the members of the full Board of Directors and such additional approvals or consents, if any, as may be required under the Securitization Agreements. The Managing Member shall provide prior written notice of any proposed amendment to each Rating Agency then rating any Security that remains outstanding, but only if such rating initially was provided at the request of the Company, any Trust or an affiliate thereof.

Authority to Amend. Subject to Section 7.3, this Agreement and the Certificate of Formation may only be amended with approval of the Managing Member and the majority vote of the members of the full Board of Directors and such additional approvals or consentsapprovals, if any, as may be required under the Securitization Agreementseach Securitized Financing with regard to amendment of documents or instruments with respect thereto. The Managing Member shall provide prior written notice of any proposed amendment to each Rating Agency nationally recognized statistical rating agency then rating any Security that remains outstanding, but only if such rating initially was provided at the request class of the Company, security issued in any Trust or an affiliate thereofSecuritized Financing.

Authority to Amend. Subject to Section 7.3, this Agreement and the Certificate of Formation may only be amended with approval of the Managing Member and the majority vote of the members of the full Board of Directors and such additional approvals or consents, ; if any, as may be required under the Securitization Agreements. The Managing Member shall provide prior written notice of any proposed amendment to each Rating Agency then rating any Security that remains outstanding, but only if such rating initially was provided at the request of the Company, any Trust or an affiliate thereof.