Common use of Control by Controlling Note Class of Noteholders Clause in Contracts

Control by Controlling Note Class of Noteholders. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 11 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

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Control by Controlling Note Class of Noteholders. The Noteholders Subject to Section 11.10, the Holders of Notes evidencing not less than a majority of the Note Balance Outstanding Amount of the Controlling Note Class of Notes shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 5 contracts

Samples: Servicing Agreement (Capital One Auto Receivables LLC), Capital One Auto Receivables LLC, Capital One Auto Finance Trust 2002-C

Control by Controlling Note Class of Noteholders. The Noteholders Holders of Notes evidencing not less than a majority of the Note Balance Outstanding Amount of the Controlling Note Class Notes shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 4 contracts

Samples: Indenture (Wells Fargo Auto Receivables Corp), Bond Securitization LLC, Amsouth Auto Receivables LLC

Control by Controlling Note Class of Noteholders. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided provided, that:

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2005-A), Indenture (Ford Credit Auto Owner Trust 2004-A), Indenture (Ford Credit Auto Owner Trust 2005-B)

Control by Controlling Note Class of Noteholders. The Noteholders Subject to Section 11.10, the Holders of Notes evidencing not less than a majority of the Note Aggregate Outstanding Principal Balance of the Controlling Note Class of Notes shall have the right to direct the time, method and place of 109 2003-A Indenture conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Capital One Auto Receivables LLC

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Control by Controlling Note Class of Noteholders. The Noteholders Holders of Notes evidencing not less than a majority 66-2/3% of the Note Balance Outstanding Principal Amount of the Controlling Note Class of Notes shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Indenture (Bank One Auto Securitization Trust 2003-1)

Control by Controlling Note Class of Noteholders. The Noteholders Holders of Notes evidencing not less than a majority of the Note Balance Outstanding Amount of the Controlling Note Class shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Indenture (M&i Auto Loan Trust 2002-1)

Control by Controlling Note Class of Noteholders. The Noteholders of Notes evidencing not less than a majority of the Note Balance principal amount of the Controlling Note Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Ford Credit Auto Receivables Two L P

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