Actions by Owner Trustee. SECTION 4.1. Prior Notice to Certificateholders with Respect to Certain Matters......................12 SECTION 4.2. Action by Certificateholders with Respect to Certain Matters............................13 SECTION 4.3. Action by Certificateholders with Respect to Bankruptcy.................................13 SECTION 4.4. Restrictions on Certificateholders' Power...............................................13 SECTION 4.5. Majority Control........................................................................13 ARTICLE V
Actions by Owner Trustee. SECTION 4.01. Prior Notice to Owners with Respect to Certain Matters................................................12 SECTION 4.02. Action by Owners with Respect to Certain Matters.......12 SECTION 4.03. Action by Owners with Respect to Bankruptcy............12 SECTION 4.04. Restrictions on Owners' Power..........................12 SECTION 4.05.
Actions by Owner Trustee. 13 Section 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.3 Action by Certificateholders with Respect to Bankruptcy 14 Section 4.4 Restrictions on Certificateholders’ Power 14 Section 4.5 Majority Control 14 Section 4.6 Certain Litigation Matters 14
Actions by Owner Trustee. SECTION 4.1. Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action:
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Regarding Certain Matters........12
Actions by Owner Trustee. Section 4.01. Prior Notice to Owners with Respect to Certain Matters 13 Section 4.02. Action by Owners with Respect to Certain Matters 14 Section 4.03. Action by Owners with Respect to Bankruptcy 14 Section 4.04. Restrictions on Owners’ Power 14 Section 4.05. Majority Control 15 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.03. Method of Payment 16 Section 5.04. No Segregation of Monies; No Interest 16 Section 5.05. Accounting and Reports to Owners, Internal Revenue Service and Others 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 17 Section 6.02. General Duties 17 Section 6.03. Action Upon Instruction 17
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 11 Section 4.04. Restrictions on Certificateholders’ Power 11 Section 4.05. Majority Control 11 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 11 Section 5.02. Application of Trust Funds 12 Section 5.03. Method of Payment 12 Section 5.04. No Segregation of Monies; No Interest 13 Section 5.05. Accounting and Reports to Certificateholders, Internal Revenue Service and Others 13 Section 5.06. Audit Procedure 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 15 Section 6.02. General Duties 15 Section 6.03. Action Upon Instruction 15 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 16 Section 6.05. No Action Except Under Specified Documents or Instructions 16 Section 6.06. Restrictions 16 Section 6.07. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 17 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 17 Section 7.02. Furnishing of Documents 19 Section 7.03. Representations and Warranties of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance, Advice of Counsel 21 Section 7.05. Not Acting in Individual Capacity 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Trust Certificates or Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes 22 Section 7.08. Duties of the Delaware Trustee 22 ARTICLE EIGHT COMPENSATION OF OWNER TRUSTEE AND THE DELAWARE TRUSTEE
Actions by Owner Trustee. 11 Section 4.01 Prior Notice to Equity Certificateholder with Respect to Certain Matters...................11 Section 4.02 Action by Owner with Respect to Certain Matters............................................12 Section 4.03 Action by Owner with Respect to Bankruptcy.................................................12 Section 4.04 Restrictions on Owner's Power..............................................................12
Actions by Owner Trustee. Section 4.01. Prior Notice to Beneficiary and Transferor with Respect to Certain Matters......................................13 Section 4.02. Restrictions on Power.....................................13 ARTICLE V
