Common use of Modification of Collateral Clause in Contracts

Modification of Collateral. Subject to Article IX and the terms and conditions of the Collateral or any Transaction Documents, amend, modify, waive, terminate or surrender any Collateral or any Transaction Documents without the consent of the Indenture Trustee or the Noteholders of a majority of the Note Balance of the Notes and notifying the Rating Agencies;

Appears in 23 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

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Modification of Collateral. Subject to Article IX and the terms and conditions of the Collateral or any Transaction DocumentsIX, amend, modify, waive, terminate or surrender any Collateral or any the Transaction Documents without the consent of the Indenture Trustee or the Noteholders of a majority of the Note Balance of the Notes and notifying the Rating Agencies;.

Appears in 5 contracts

Samples: Indenture (Ford Credit Auto Lease Two LLC), Indenture (Ford Credit Auto Lease Two LLC), Indenture (CAB East LLC)

Modification of Collateral. Subject to Article IX and the terms and conditions of the Collateral or any Transaction DocumentsIX, amend, modify, waive, terminate or surrender any Collateral or any Transaction Documents without the consent of the Indenture Trustee or the Noteholders of a majority of the Note Balance of the Notes and notifying the Rating Agencies;.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Owner Trust 2016-A)

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Modification of Collateral. Subject to Article IX and the terms and conditions of the Series [_]-[_] Collateral or any Transaction Documents, amend, modify, waive, terminate or surrender any Series [_]-[_] Collateral or any Transaction Documents without the consent of the Indenture Trustee or the Noteholders of a majority of the Note Balance of the Notes and notifying the Rating Agencies;

Appears in 3 contracts

Samples: Verizon Master Trust, Verizon Master Trust, Verizon Master Trust

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