Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee may, or at the direction of the holders of at least a majority of the Controlling Securities shall, do one or more of the following (subject to Section 5.05):
Appears in 68 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2024-B), Indenture (World Omni Auto Receivables Trust 2024-A), Indenture (World Omni Auto Receivables Trust 2024-A)
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee may, or at the direction of the holders of at least a majority 50% of the Controlling Securities shall, do one or more of the following (subject to Section 5.05):
Appears in 34 contracts
Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee may[shall, or at the direction of the holders Securities Insurer, and if a Securities Insurer Default has occurred and is continuing, the Indenture Trustee] may, and at the direction of at least a majority of the Controlling Securities Holders of the Outstanding Notes shall, do one or more of the following (subject to Section 5.055.05 hereof):
Appears in 5 contracts
Samples: Bcap LLC, Hsi Asset Securitization Corp, Hsi Asset Securitization Corp
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee mayshall, or at the direction of the holders Securities Insurer, and if a Securities Insurer Default has occurred and is continuing, the Indenture Trustee may and at the direction of at least a majority of the Controlling Securities shall, Holders of the Notes shall do one or more of the following (subject to Section 5.055.5):
Appears in 4 contracts
Samples: Indenture (Firstplus Investment Corp), Firstplus Investment Corp, Firstplus Investment Corp
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee mayshall, or at the direction of the holders Securities Insurer, and if a Securities Insurer Default has occurred and is continuing, the Indenture Trustee may, and at the direction of at least a majority of the Controlling Securities Holders of the Outstanding Notes shall, do one or more of the following (subject to Section 5.055.05 hereof):
Appears in 3 contracts
Samples: Indenture (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2), Empire Funding Home Loan Owner Trust 1998 3
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee may, or at the direction of the holders of at least a majority 50% of the Controlling Securities shall, do one or more of the following (subject to Section 5.05):): ------------
Appears in 1 contract
Remedies; Priorities. (a) If an Event of Default shall -------------------- have occurred and be continuing, the Indenture Trustee may, or at the direction of the holders of at least a majority 50% of the Controlling Securities shall, do one or more of the following (subject to Section 5.05):): ------------
Appears in 1 contract
Samples: World Omni Auto Receivables LLC
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee mayshall, or at the direction of the holders [Securities Insurer,] and if a [Securities Insurer] Default has occurred and is continuing, the Indenture Trustee may and at the direction of at least a majority of the Controlling Securities shall, Holders of the Notes shall do one or more of the following (subject to Section 5.055.5):
Appears in 1 contract
Samples: Preferred Securitization Corp
Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee mayshall, or at the direction of the holders Securities Insurer, and if a Securities Insurer Default has occurred and is continuing, the Indenture Trustee may, and at the direction of at least a majority of the Controlling Securities Holders of the Outstanding Notes shall, do one or more of the following (subject to Section 5.05):5.05 hereof): ------------
Appears in 1 contract
Samples: Fremont Mortgage Securities Corp
