Examples of Class A Termination in a sentence
Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee may after the Class A Termination Date, and when required by the provisions of this Indenture shall, and shall cause the Trust Collateral Agent to execute instruments to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture.
The Indenture Trustee shall, on or after the Class A Termination Date, release and shall cause the Trust Collateral Agent to release any remaining portion of the Trust Property from the lien created by this Indenture and shall cause the Trust Collateral Agent to deposit in the Collection Account any funds then on deposit in any other Trust Account.
On or after the Class A Termination Date, any consent, control and voting rights of the Controlling Party hereunder shall terminate.
If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee or, prior to the Class A Termination Date, the Controlling Party may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee acceptable to the Controlling Party and satisfying the qualifications of Section 10.1 hereof.
Under our Member Reserve program, at the time of new account opening, if you are 18 years of age or older, we may honor your overdrafts up to $500.
The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders with the prior written consent of the Controlling Party or, prior to the Class A Termination Date, the Controlling Party in accordance with the Basic Documents, to (a) remove the Servicer under the Sale and Servicing Agreement or (b) except as expressly provided in the Basic Documents, sell the Dealer Loans after the termination of the Indenture.
The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders with the prior written consent of the Class A Insurer or, prior to the Class A Termination Date, the Class A Insurer in accordance with the Basic Documents, to (a) remove the Servicer under the Sale and Servicing Agreement or (b) except as expressly provided in the Basic Documents, sell the Dealer Loans after the termination of the Indenture.
Notwithstanding the provisions of Section 3.4 hereof, if the Seller is the Holder of a Certificate, it shall not pledge, sell, transfer, assign or convey such Certificate without the consent of the Class A Insurer, or the Indenture Trustee, at the direction of the Majority Noteholders, if a Class A Insurer Default has occurred and is continuing, until the earlier of: (i) the Class A Termination Date; and (ii) the date on which Credit Acceptance is no longer Servicer under the Sale and Servicing Agreement.
After the Class A Termination Date, the Managing Member will exercise the Company’s rights under Section 6.10 of the Holdings Operating Agreement as directed in writing by the Investor.
These protests followed, which raise numerous challenges of the Navy’s evaluation of the firms’ product samples and the evaluation under the other evaluation factors.5The protesters first complain that the Navy’s evaluators were not trained, experienced, “operational military personnel” and that the hearing of these evaluators was not tested before the product sample tests were conducted.