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

Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and none of the Certificateholders shall have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Appears in 48 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2023-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2023-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2023-C Owner Trust)

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Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and none of the Certificateholders shall have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Appears in 46 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2017-C Owner Trust), Trust Agreement (Toyota Auto Receivables 2017-C Owner Trust), Trust Agreement (Toyota Auto Receivables 2017-B Owner Trust)

Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders)action, the Owner Trustee shall have notified the Certificateholders each Certificateholder in writing of the proposed action and none of the Certificateholders each Certificateholder shall have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that each Certificateholder has consented to such Certificateholders have withheld consent action or provided alternative direction:

Appears in 18 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2), Trust Agreement (SunTrust Mortgage Securitization, LLC)

Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders)action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and none the holders of a majority of the Certificateholders Certificate Percentage Interest shall not have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that such Certificateholders holders have withheld consent or provided alternative direction:

Appears in 5 contracts

Samples: Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Trust Agreement (Home Equity Mortgage Trust 2007-1), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-B)

Prior Notice to the Certificateholders with Respect to Certain Matters. With Subject to the provisions and limitations of Section 4.04, with respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and none of the Certificateholders shall have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (Toyota Lease Trust), Trust Agreement (Toyota Lease Trust)

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Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders)action, the Owner Trustee shall have notified the Certificateholders and each of the Rating Agencies in writing of the proposed action and none Certificateholders holding Certificates evidencing not less than a majority of the Certificateholders aggregate Percentage Interests of the Certificates shall not have notified the Owner Trustee in writing prior to the 30th calendar day (or such agreed upon shorter period) after such notice is given that such Certificateholders have it has withheld consent or provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Chase Education Loan Trust 2007-A)

Prior Notice to the Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least thirty (30) 30 days before the taking of such action (or such shorter period as shall be agreed to in writing by all Certificateholders)action, the Owner Trustee shall have notified the Certificateholders Certificateholder in writing of the proposed action and none of the Certificateholders Certificateholder shall have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent Certificateholder has consented to such action or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (New York Mortgage Trust 2005-3)

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