Common use of Majority Control Clause in Contracts

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 75 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2024-1), Trust Agreement (Ally Auto Receivables Trust 2024-1), Trust Agreement (Ally Auto Receivables Trust 2023-1)

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Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders Holders of Certificates evidencing not less than a majority of the Voting Interests as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Voting Interests at the time of the delivery of such notice.

Appears in 65 contracts

Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Majority Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such noticeCertificateholders.

Appears in 24 contracts

Samples: Trust Agreement (Carvana Auto Receivables Trust 2022-P3), Trust Agreement (Carvana Auto Receivables Trust 2022-P3), Trust Agreement (Carvana Auto Receivables Trust 2022-P2)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateVoting Interests thereof. Except as expressly provided herein, any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Voting Interests at the time of the delivery of such notice.

Appears in 19 contracts

Samples: Trust Agreement (Ally Wholesale Enterprises LLC), Trust Agreement (Superior Wholesale Inventory Financing Trust Ix), Trust Agreement (Wholesale Auto Receivables Corp)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 19 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2016-2), Trust Agreement (Ally Auto Receivables Trust 2016-2), Trust Agreement (Ally Auto Assets LLC)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders Holders of a majority of the ownership interest in the Trust outstanding as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders ownership interest in the Trust at the time of the delivery of such notice.

Appears in 16 contracts

Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial 2004-B Owner Trust)

Majority Control. Except as expressly provided herein, (i) any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall may be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date. Except as expressly provided herein, and (ii) any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 10 contracts

Samples: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

Majority Control. Except as expressly provided herein, herein any action that may be taken or consent that may be given or withheld or written notice delivered by the Certificateholders under this Agreement shall may be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as Holders of Certificates representing not less than a majority of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such noticeCertificates.

Appears in 9 contracts

Samples: Trust Agreement (First Alliance Mortgage Loan Trust 1998-2), Trust Agreement (Imc Home Equity Loan Owner Trust 1998-7), Trust Agreement (First Alliance Mortgage Loan Trust 1998-1f)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall may be effective if such action is taken or such consent is taken, given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateCertificate Balance. Except as expressly provided herein, any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 6 contracts

Samples: Trust Agreement (Cit Marine Trust 1999-A), Trust Agreement (Cit Group Securitization Corp Ii), Trust Agreement (Cit Rv Trust 1999-A)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateVoting Interests thereof. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Voting Interests at the time of the delivery of such notice.

Appears in 4 contracts

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)

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Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date. Except as expressly provided herein, any written notice, instruction, direction or other document of the Majority Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.Certificateholders. CRVNA 2024-P2 Trust Agreement

Appears in 2 contracts

Samples: Trust Agreement (Carvana Auto Receivables Trust 2024-P2), Trust Agreement (Carvana Auto Receivables Trust 2024-P2)

Majority Control. Except as expressly provided herein, any ---------------- action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall may be effective if such action is taken or such consent is taken, given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateCertificate Balance. Except as expressly provided herein, any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Cit Rv Trust 1997 A)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateVoting Interests thereof. Except as expressly provided herein, any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Voting Interests at the time of the delivery of such notice.. 11

Appears in 1 contract

Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

Majority Control. Except as expressly provided herein, ---------------- any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as Holders of Certificates evidencing not less than a majority of the close of the preceding Distribution DateVoting Interests thereof. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Voting Interests at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation)

Majority Control. Except as otherwise expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Trust Agreement shall may be effective if such action is taken or such consent is taken, given or withheld by the Majority Certificateholders as of the close of the preceding Distribution DateCertificateholders. Except as otherwise expressly provided herein, any written notice, instruction, direction notice or other document consent of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such noticenotice or consent.

Appears in 1 contract

Samples: Trust Agreement (Equivest Finance Inc)

Majority Control. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall may be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution DateCertificateholders. Except as expressly provided herein, any written notice, instruction, direction or other document notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Finova Group Inc)

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