Verified Note Owner definition

Verified Note Owner means a Note Owner that has provided the Indenture Trustee or the Servicer, as applicable, with each of (i) a written certification that it is a beneficial owner of a specified principal amount of Outstanding Notes and (ii) a trade confirmation, an account statement, a letter from a broker or dealer or other similar document showing that such Note Owner is a beneficial owner of such principal amount of Outstanding Notes.

Verified Note Owner has the meaning assigned to such term in the Indenture.

Verified Note Owner has the meaning stated in Section 14.1 of the Indenture.

Examples of Verified Note Owner in a sentence

• If a Noteholder or a Verified Note Owner notifies the Indenture Trustee in writing that it considers any non-compliance of any representation to be a breach of the applicable Basic Document, or requests in writing that any Receivable be repurchased (including, for the avoidance of doubt, as described in Section 11.02 of the Sale and Servicing Agreement and Section 7.02(d) of this Indenture), the Indenture Trustee will promptly forward that written notice to TMCC and the Depositor.

• For the avoidance of doubt, if the Indenture Trustee does not agree to pursue or otherwise be involved in resolving any Repurchase Request, the related Noteholder or Verified Note Owner may independently pursue dispute resolution in respect of such Repurchase Request in accordance with Section 2.4(d).

• A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) will be deemed to have certified to the Issuer and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Documents, and will not be used for other purposes.

• In the event that a Verified Note Owner communicates with the Indenture Trustee, the Indenture Trustee shall provide a copy of the supporting evidence provided to the Indenture Trustee to the Issuer.

• Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner.

More Definitions of Verified Note Owner

Verified Note Owner has the meaning set forth in Section 12.1 of the Master Collateral Agreement.

Verified Note Owner means either (a) a Note Owner that has provided the Indenture Trustee with each of (i) a written certification that it is a beneficial owner of a specified Outstanding Principal Balance of the Notes and (ii) a trade confirmation, an account statement, a letter from a broker or dealer that is acceptable to the Indenture Trustee or other similar document acceptable to the Indenture Trustee showing that such Noteholder or Note Owner is a beneficial owner of such Outstanding Principal Balance of the Notes or (b) any Noteholder.

Verified Note Owner shall have the meaning set forth in the Indenture.

Verified Note Owner is defined in the Indenture.

Verified Note Owner shall, with respect to any Series, have the meaning assigned to such term, if any, in the related Indenture Supplement.

Verified Note Owner means a Note Owner that has provided the Indenture Trustee or the Master Servicer, as applicable, with each of (i) a written certification that it is a beneficial owner of a specified Outstanding Dollar Principal Amount of the Notes and (ii) a trade confirmation, an account statement, a letter from a broker or dealer or other similar document showing that such Note Owner is a beneficial owner of such Outstanding Dollar Principal Amount of the Notes. Section 102. Acts of Noteholders.

Verified Note Owner means a Series 20[•]-[•] Note Owner that has provided Indenture Trustee with (i) a written certification that it is the beneficial owner of a specified Outstanding Amount of Series 20[•]-[•] Notes and (ii) a trade confirmation, an account statement, a letter from a broker dealer acceptable to Indenture Trustee or other similar document acceptable to Indenture Trustee showing that such Series 20[•]-[•] Note Owner is a beneficial owner of such Outstanding Amount of Series 20[•]-[•] Notes.