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

Prior Notice with Respect to Certain Matters. The Owner Trustee shall not take any of the actions set forth below unless the Owner Trustee shall have notified the Residual Interest Holders, the Certificateholders and each Rating Agency of the proposed action and each of the Residual Interest Holders and the Certificateholders have approved such action in writing, which approval has been received by the Owner Trustee by, the 30th day after such notice has been given:

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Deposit CORP)

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Prior Notice with Respect to Certain Matters. The Owner Trustee shall not take any of the actions set forth below unless the Owner Trustee shall have notified the Residual Interest Holders, Certificateholder and the Certificateholders and each Rating Agency Note Insurer of the proposed action and each the Certificateholder, with the prior written consent of the Residual Interest Holders and the Certificateholders have Note Insurer, has approved such action in writing, which approval has been received by the Owner Trustee by, by the 30th day after such notice has been given:

Appears in 2 contracts

Samples: Trust Agreement (United Fidelity Auto Receivables Trust 2002-A), Trust Agreement (United Fidelity Finance LLC)

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