Common use of Sale of Receivables for Accelerated Notes Clause in Contracts

Sale of Receivables for Accelerated Notes. In the case of a series or class of Notes that has been accelerated following an Event of Default, if the Put Feature of such series or class of Notes has been deemed to be exercised as provided in the related Indenture Supplement, the Indenture Trustee will cause the CARCO Trust to sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in such Indenture Supplement.

Sale of Receivables for Accelerated Notes. In the case of a series or class of Notes that has been accelerated following an Event of Default, if the Put Feature Indenture Trustee may, and at the direction of such the Majority Holders of that series or class of Notes has been deemed to be exercised as provided in the related Indenture Supplementwill, the Indenture Trustee will cause the CARCO Trust to sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in such the related Indenture Supplement.