Common use of Prior Notice to Certificateholder with Respect to Certain Matters Clause in Contracts

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice acceptable to the Certificateholder), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 28 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 22 contracts

Samples: Trust Agreement (Caterpillar Financial Asset Trust 2006-A), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless (i) at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action (provided, that the Certificateholder may waive or shorten the notice period required under this clause (i) in its sole discretion) and (ii) the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) within 30 days after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 11 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Vw Credit Leasing LTD)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative directionaction:

Appears in 10 contracts

Samples: Trust Agreement (Chase Credit Card Owner Trust 2001-1), Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless (i) at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action (provided that the Certificateholder may waive or shorten the notice period required under this clause (i) in its sole discretion) and (ii) the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice period acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 10 contracts

Samples: Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Volkswagen Auto Lease Trust 2015-A), Trust Agreement (Volkswagen Auto Lease Trust 2015-A)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 thirty (30) days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder and the Note Insurer in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 5 contracts

Samples: Trust Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Trust Agreement (Long Beach Acceptance Corp), Trust Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless (i) at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action (provided that the Certificateholder may waive the notice period required under this clause (i) in its sole discretion) and (ii) the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 4 contracts

Samples: Trust Agreement (Volkswagen Auto Lease Trust 2011-A), Trust Agreement (Volkswagen Auto Lease Trust 2011-A), Trust Agreement (Volkswagen Auto Lease Trust 2010-A)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 thirty (30) days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder [and the Note Insurer] in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 3 contracts

Samples: Trust Agreement (Long Beach Acceptance Receivables Corp.), Trust Agreement (Triad Financial Corp), Trust Agreement (Long Beach Acceptance Corp)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the such Certificateholder has have withheld consent or provided alternative direction:

Appears in 3 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2006-3), Trust Agreement (American Home Mortgage Investment Trust 2006-1), Trust Agreement (American Home Mortgage Investment Trust 2006-2)

Prior Notice to Certificateholder with Respect to Certain Matters. With The Owner Trustee shall not take action with respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice acceptable to the Certificateholder), i) the Owner Trustee shall have notified the Certificateholder in writing of the proposed action at least 30 days (or such lesser period as to which the Certificateholder shall consent) before the taking of such action, and (ii) the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or end of such shorter notice acceptable to the Certificateholder) after period that such notice is given that the Certificateholder has have withheld consent or provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (SWIFT Master Auto Receivables Trust), Trust Agreement (Wholesale Auto Receivables LLC)

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Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder Holder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder Holder has withheld consent or provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (Caterpillar Financial Asset Trust 2005-A), And Restated Trust Agreement (Caterpillar Financial Asset Trust 2004-A)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice acceptable to the Certificateholder), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder and the Swap Provider in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th 30th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the such Certificateholder has have withheld consent or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2007-2)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 30 days before the taking of such action (or such shorter notice acceptable to the Certificateholder)action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing objected or given any contrary instructions pursuant to subsection 5.3(a) prior to the 10th expiration of such 30-day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative directionperiod:

Appears in 1 contract

Samples: Trust Agreement (Target Credit Card Owner Trust 2005-1)

Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice notiee acceptable to the Certificateholder), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Prior Notice to Certificateholder with Respect to Certain Matters. With The Owner Trustee shall not take action with respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice acceptable to the Certificateholder), i) the Owner Trustee shall have notified the Certificateholder in writing of the proposed action at least 30 days (or such lesser period as to which the Certificateholder shall consent) before the taking of such action, and (ii) the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or end of such shorter notice acceptable to the Certificateholder) after period that such notice is given that the Certificateholder has withheld consent or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Ally Wholesale Enterprises LLC)

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