Common use of Action by Certificateholders with Respect to Certain Matters Clause in Contracts

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 1.08 thereof, (b) appoint a successor Administrator under the Administration Agreement pursuant to Section 10 of the Administration Agreement1.08 thereof, (c) remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 8.01 thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove the Administrator under the Administration Agreement pursuant to Section 9 thereof or (d) appoint a successor Administrator pursuant to Section 9 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Majority Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or or, except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, (b) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, (c) remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, (b) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, (c) remove the Servicer under the Trust Sale Pooling and Servicing Agreement pursuant to Section 7.02 8.02 thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, (b) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, (c) remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof thereof, or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 8 thereof, (b) appoint a successor Administrator pursuant to Section 10 8 of the Administration Agreement, (c) remove the Servicer under the Trust Sale Pooling and Servicing Agreement pursuant to Section 7.02 Article X thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein Series 1997-2 Participation Interest after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof8 of the Administration Agreement, (b) appoint a successor Administrator pursuant to Section 10 8 of the Administration Agreement, (c) remove the Servicer under pursuant to Section 8.01 of the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (d) except as expressly 13 (Nissan 2017-B Amended & Restated Trust Agreement) provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the authorized representative of a majority of the outstanding Certificate Balance of the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof8 of the Administration Agreement, (b) appoint a successor Administrator pursuant to Section 10 8 of the Administration Agreement, (c) remove the Servicer under pursuant to Section 8.01 of the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (d) except as expressly 13 (NAROT 2017-C Amended & Restated Trust Agreement) provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the authorized representative of a majority of the outstanding Certificate Balance of the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Master Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove the Administrator under the Administration Agreement pursuant to Section 9 thereof or (d) appoint a successor Administrator pursuant to Section 9 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or SECTION 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove the Administrator under the Administration Agreement pursuant to SECTION 9 thereof or (d) appoint a successor Administrator pursuant to SECTION 9 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or except as expressly provided in the Basic Documents, sell the Receivables Secured Notes or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section SECTION 10 thereof, appoint a successor Administrator pursuant to Section SECTION 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section SECTION 7.02 thereof or except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, power (a) except upon the written direction of the Majority Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 10(e) of the Administration AgreementAgreement [or, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (b) except as expressly provided in the Basic Transaction Documents, sell the Receivables Grantor Trust Certificate or any interest therein after prior to the termination of the IndentureIndenture and the termination of the Grantor Trust]. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove the Administrator under the Administration Agreement, (d) appoint a successor Administrator, or (e) remove the Administrative Agent or appoint a successor Administrative Agent under the Administrative Agent Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, thereof,(b) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, Agreement,(c) remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 8.1 thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 8 thereof, (b) appoint a successor Administrator pursuant to Section 10 8 of the Administration Agreement, (c) remove the Servicer under the Trust Sale Pooling and Servicing Agreement pursuant to Section 7.02 Article X thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein Series 1997-1 Participation Interest after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, power (i) except upon the written direction of the Majority Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 10(e) of the Administration Agreement[ or, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (ii) except as expressly provided in the Basic Transaction Documents, sell the Receivables Grantor Trust Certificate or any interest therein after prior to the termination of the IndentureIndenture and the termination of the Grantor Trust]. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, (a) remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove the Administrator under the Administration Agreement pursuant to Section 9 thereof or (d) appoint a successor Administrator pursuant to Section 9 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (Nissan 2003-A Amended & Restated Trust Agreement) (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof8 of the Administration Agreement, (b) appoint a successor Administrator pursuant to Section 10 8 of the Administration Agreement, (c) remove the Servicer under pursuant to Section 8.01 of the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or (d) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the authorized representative of 100% of the Certificateholders.

Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, remove the Servicer under the Trust Sale and Servicing Agreement pursuant to Section 7.02 thereof or 8.1 thereof, (b) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture, (c) remove TRUST AGREEMENT the Administrator under the Administration Agreement pursuant to Section 9 thereof or (d) appoint a successor Administrator pursuant to Section 9 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders.