Common use of Investor Communications Clause in Contracts

Investor Communications. If the Owner Trust Administrator receives, during any Collection Period, a request from a Noteholder or Verified Note Owner to communicate with other Noteholders and Note Owners regarding the exercise of rights under the terms of the Basic Documents, the Owner Trust Administrator will include in the Form 10-D for such Collection Period the following information, to the extent provided by the Noteholder or Verified Note Owner in its request: (i) the name of the Noteholder or Verified Note Owner making the request, (ii) the date the request was received; (iii) a statement that the Owner Trust Administrator has received a request from that Noteholder or Verified Note Owner stating that it is interested in communicating with other Noteholders and Note Owners with regard to the possible exercise of rights under the Basic Documents; and (iv) a description of the method other Noteholders and Note Owners may use to contact the requesting Noteholder or Verified Note Owner. The Owner Trust Administrator is not required to include any additional information regarding the Noteholder or Verified Note Owner and its request in the Form 10-D, and is required to disclose a Noteholder’s or a Verified Note Owner’s request only where the communication relates to the exercise by a Noteholder or Verified Note Owner of its rights under the Basic Documents. The Owner Trust Administrator will be responsible for the expenses of administering the investor communications provisions set forth in this Section 23(b), which will be compensated by means of the fee payable to it by the Servicer, as described in Section 4 hereof. [SIGNATURE PAGES FOLLOW.]

Appears in 12 contracts

Samples: Administration Agreement (BMW Fs Securities LLC), Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2019-A), Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2018-A)

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Investor Communications. If the Owner Trust Administrator receives, during any Collection Period, a request from a Noteholder or Verified Note Owner of any Publicly Registered Credit Extensions to communicate with other Noteholders and or Note Owners of any Publicly Registered Credit Extensions regarding the exercise of rights under the terms of the Basic Transaction Documents and any Series Related Documents, the Owner Trust Administrator will include in the Form 10-D for such Collection Period the following information, to the extent provided by the such Noteholder or Verified Note Owner in its request: (i) the name of the Noteholder or Verified Note Owner making the request, (ii) the date the request was received; (iii) a statement that the Owner Trust Administrator has received a the request from that Noteholder or Verified Note Owner stating that it is interested in communicating with other Noteholders and or Note Owners of any Publicly Registered Credit Extensions with regard to the possible exercise of rights under the Basic Transaction Documents and the applicable Series Related Documents; and (iv) a description of the method other Noteholders and or Note Owners of any Publicly Registered Credit Extensions may use to contact the requesting Noteholder or Verified Note Owner. The Owner Trust Administrator is not required to include any additional information regarding the Noteholder or Verified Note Owner and its request in the Form 10-D, and is required to disclose a Noteholder’s or a Verified Note Owner’s request only where the communication relates to the exercise by a Noteholder or Verified Note Owner of its rights under the Basic Transaction Documents and applicable Series Related Documents. The Owner Trust Administrator will be responsible for the expenses of administering the investor communications provisions set forth in this Section 23(b)2.9, which will be compensated by means of the fee payable to it by the Servicer, as described in Section 4 hereof. [SIGNATURE PAGES FOLLOW2.8.]

Appears in 3 contracts

Samples: Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust)

Investor Communications. If the Owner Trust Administrator receives, during any Collection Period, a request from a Noteholder or Verified Note Owner to communicate with other Noteholders and Note Owners regarding the exercise of rights under the terms of the Basic Documents, the Owner Trust Administrator will include in the Form 10-D for such Collection Period the following information, to the extent provided by the Noteholder or Verified Note Owner in its request: (i) the name of the Noteholder or Verified Note Owner making the request, (ii) the date the request was received; (iii) a statement that the Owner Trust Administrator has received a request from that Noteholder or Verified Note Owner stating that it is interested in communicating with other Noteholders and Note Owners with regard to the possible exercise of rights under the Basic Documents; and (iv) a description of the method other Noteholders and Note Owners may use to contact the requesting Noteholder or Verified Note Owner. The Owner Trust Administrator is not required to include any additional information regarding the Noteholder or Verified Note Owner and its request in the Form 10-D, and is required to disclose a Noteholder’s or a Verified Note Owner’s request only where the communication relates to the exercise by a Noteholder or Verified Note Owner of its rights under the Basic Documents. The Owner Trust Administrator will be responsible for the expenses of administering the investor communications provisions set forth in this Section 23(b), which will be compensated by means of the fee payable to it by the Servicer, as described in Section 4 hereof. [SIGNATURE PAGES FOLLOW.]

Appears in 2 contracts

Samples: Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2016-A), Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2016-A)

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Investor Communications. If the Owner Trust Administrator receives, during any Collection Period, a request from a Noteholder or Verified Note Owner to communicate with other Noteholders and Note Owners regarding the exercise of rights under the terms of the Basic Documents, the Owner Trust Administrator will include in the Form 10-D for the such Collection Period the following information, to the extent provided by the Noteholder or Verified Note Owner in its request: (i) the name of the Noteholder or Verified Note Owner making the request, (ii) the date the request was received; (iii) a statement that the Owner Trust Administrator has received a request from that Noteholder or Verified Note Owner stating that it is interested in communicating with other Noteholders and Note Owners with regard to the possible exercise of rights under the Basic Documents; and (iv) a description of the method other Noteholders and Note Owners may use to contact the requesting Noteholder or Verified Note Owner. The Owner Trust Administrator is not required to include any additional information regarding the Noteholder or Verified Note Owner and its request in the Form 10-D, and is required to disclose a Noteholder’s or a Verified Note Owner’s request only where the communication relates to the exercise by a Noteholder or Verified Note Owner of its rights under the Basic Documents. The Owner Trust Administrator will be responsible for the expenses of administering the investor communications provisions set forth in this Section 23(b), which will be compensated by means of the fee payable to it by the Servicer, as described in Section 4 hereof. [SIGNATURE PAGES FOLLOW.]

Appears in 1 contract

Samples: Owner Trust Administration Agreement (BMW Fs Securities LLC)

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