Notice of Sale or Liquidation of Collateral. The Indenture Trustee will notify each Noteholder and the Depositor of a sale or liquidation under Section 5.6(a)(iii) at least 15 days before the sale or liquidation. A Noteholder, the Depositor or the Servicer may submit a bid during the sale or liquidation.
Appears in 14 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Lease Two LLC)
Notice of Sale or Liquidation of Collateral. The Indenture Trustee will notify each 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 Noteholder, the Depositor or the Servicer may submit a bid during the sale or liquidation.
Appears in 3 contracts
Samples: Verizon ABS LLC, Verizon ABS LLC, Verizon ABS LLC
