Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating then assigned thereby to any Class of Notes.
Appears in 9 contracts
Samples: Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Auto Finance Receivables LLC), Tia Indenture (Toyota Motor Credit Receivables Corp)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating rating, if any, then assigned thereby to any Class of NotesNotes or the Certificates.
Appears in 6 contracts
Samples: Indenture (Nissan Auto Receivables 2002-a Owner Trust), Indenture (Nissan Auto Receivables 2002 B Owner Trust), Indenture (Nissan Auto Receivables 2002 C Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 ten (10) days' β written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating then assigned thereby to any of the Class of A Notes.
Appears in 4 contracts
Samples: Toyota Auto Receivables 2020-C Owner Trust, Toyota Auto Receivables 2020-C Owner Trust, Toyota Auto Receivables 2020-B Owner Trust
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' prompt written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating rating, if any, then assigned thereby to any Class of NotesNotes or the Certificates.
Appears in 3 contracts
Samples: Indenture (Nissan Auto Receivables 2009-1 Owner Trust), Indenture (Nissan Auto Receivables 2009-a Owner Trust), Indenture (Nissan Auto Receivables 2008-C Owner Trust)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' β written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating rating, if any, then assigned thereby to any Class of NotesNotes or the Certificates.
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2008-B Owner Trust), Indenture (Nissan Auto Receivables Corp Ii)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating then assigned thereby to any Class of NotesNotes or the Certificates.
Appears in 2 contracts
Samples: Tia Indenture (Toyota Motor Credit Receivables Corp), Toyota Motor Credit Receivables Corp
Removal of Administrator. So For so long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency Condition shall have received 10 days' written notice thereof been satisfied in connection therewith and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result Insurer has previously consented in the removal or reduction of the rating then assigned thereby to any Class of Noteswriting.
Appears in 1 contract
Samples: Administration Agreement (First Investors Financial Services Group Inc)
Removal of Administrator. So long as any Notes are Outstanding, the Issuer shall not remove the Administrator without cause unless so instructed by the Owner Trustee or the Indenture Trustee and unless each Rating Agency shall have received 10 days' written notice thereof and shall not have notified the Indenture Trustee, the Administrator or the Owner Trustee that such removal might or would result in the removal or reduction of the rating then assigned thereby to any Class of NotesNotes or the Certificates.
Appears in 1 contract
Samples: Toyota Motor Credit Corp