Common use of Modification Without Consent of Holders Clause in Contracts

Modification Without Consent of Holders. Subject to Section 9.01, the Indenture Trustee may agree, without the consent of any Holder, to (i) any modification (other than those referred to in Section 10.01) of any provision of any Operative Agreement or of the relevant Securities to correct a manifest error or an error which is of a formal, minor or technical nature, (ii) effect any amendment, modification or replacement to the Account Administration Agreement and/or the Account Collateral Agent, provided, that the effect of such amendment, modification or replacement does not change the Available Collections Amount available on any Payment Date and the Issuer obtains Rating Agency Confirmation, (iii) conform to the description of any Operative Agreement or related provisions in the offering circular for the Equipment Notes or (iv) any modification (other than those referred to in Section 10.01) to any provision of any Operative Agreement related to any amendment or modification set forth in any Indenture Supplement entered into pursuant to Section 9.01. Any such modification shall be notified to the Holders as soon as practicable thereafter and shall be binding on all the Holders.