Notice of Sale or Liquidation of Collateral. The Indenture Trustee will notify each Secured Party and the Depositor of a sale or liquidation under Section 5.6(a)(iii) at least 15 days before the sale or liquidation. A Secured Party, the Depositor or the Servicer may submit a bid during the sale or liquidation.
Appears in 74 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A)
Notice of Sale or Liquidation of Collateral. The Indenture Trustee will notify each Secured Party Noteholder and the Depositor of a sale or liquidation under Section 5.6(a)(iii5.6(a)(ii) at least 15 fifteen (15) days before the sale or liquidation. A Secured PartyNoteholder, the Depositor or the Servicer may submit a bid during the sale or liquidation.
Appears in 20 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)
