Common use of Noteholder Demand for Asset Representations Review Clause in Contracts

Noteholder Demand for Asset Representations Review. If a Delinquency Trigger occurs, as reported on Form 10-D, a Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) may make a demand on the Indenture Trustee to cause a vote of the Noteholders or Note Owners, as applicable, about whether to direct the Asset Representations Reviewer to conduct a Review of the Review Leases under the Asset Representations Review Agreement. In the case of a Note Owner, each demand must be accompanied by a certification from that Person that it is a Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account statement, letter from a broker or dealer or similar

Appears in 6 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2020-B), Indenture (Ford Credit Auto Lease Trust 2020-B), Indenture (Ford Credit Auto Lease Trust 2020-A)

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