Option Holders. Promptly after the execution of any amendment or modification to this Agreement, the Option Agent shall furnish a copy of such amendment or modification to each Option Holder, to the Trustee and to the Rating Agencies. It shall not be necessary for the consent of the Option Holders or the Class A-1 Certificates to approve the particular form of any proposed amendment or modification, but it shall be sufficient if such consent shall approve the substance of such amendment or modification. The manner of obtaining and evidencing the authorization of the execution of such consents shall be subject to such reasonable regulations as the Option Agent may prescribe.
Appears in 2 contracts
Sources: Class a 1 Call Option Agreement (Corporate Asset Backed Corp), Class a 1 Call Option Agreement (Corporate Asset Backed Corp Cabco Series 2004 1 Trust)