Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 96 contracts
Samples: Trust Agreement (Ally Auto Receivables Trust 2011-3), Trust Agreement (Ally Auto Receivables Trust 2013-Sn1), Trust Agreement (Ally Auto Receivables Trust 2010-4)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 70 contracts
Samples: Trust Agreement (Ally Auto Receivables Trust 2016-2), Trust Agreement (Ally Auto Receivables Trust 2019-1), Trust Agreement (Capital Auto Receivables Asset Trust 2016-1)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 31 contracts
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Trust Agreement (Superior Wholesale Inventory Financing Trust Xi), Trust Agreement (Superior Wholesale Inventory Financing Trust Xii)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any the Certificateholder to bring a derivative action in the right of the Trust is hereby made expressly subject to such Certificateholder meeting all requirements set forth in the following limitations and requirements:Statutory Trust Statute.
Appears in 3 contracts
Samples: Trust Agreement (Ally Wholesale Enterprises LLC), Trust Agreement (Wholesale Auto Receivables LLC), Trust Agreement (SWIFT Master Auto Receivables Trust)
