Proceeding. In any proceeding brought by the Indenture Trustee (and any proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured Parties, and it will not be necessary to make any Secured Party, including a Noteholder, a party to the proceeding.
Appears in 72 contracts
Samples: Indenture (Ford Credit Auto Lease Trust 2023-A), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2019-C)
Proceeding. In any proceeding Proceeding brought by the Indenture Trustee (and any proceeding Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured Parties, and it will not be necessary to make any Secured Party, including a Noteholder, a party to the proceedingProceeding.
Appears in 31 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Indenture (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2019-B)
Proceeding. In any proceeding Proceeding brought by the Indenture Trustee (and any proceeding Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured PartiesNoteholders, and it will not be necessary to make any Secured Party, including a Noteholder, Noteholder a party to the proceedingProceeding.
Appears in 6 contracts
Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)
