Examples of Trust Collateral Agent in a sentence
Xxxx Title: Senior Vice President & Treasurer XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Backup Servicer and Trust Collateral Agent By: /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Vice President CREDIT ACCEPTANCE AUTO LOAN TRUST 2016-3, as Issuer By: U.S. Bank Trust National Association, not in its individual capacity but solely as Owner Trustee By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Vice President CREDIT ACCEPTANCE FUNDING LLC 2016-3, as Seller By: /s/ Xxxxxxx X.
If the Backup Servicer determines that the Servicer’s Data File is not in readable form, the Backup Servicer shall 22650956.4 3 immediately upon discovery thereof notify the Servicer and the Trust Collateral Agent and the Indenture Trustee by telephone or electronic means, and upon such notification, the Servicer shall prepare and send a replacement Servicer’s Data File to the Backup Servicer satisfying the Backup Servicer’s specifications, for receipt by the Backup Servicer on the next Business Day.
It is understood and agreed that, except as set forth in Section 6.1 hereof, the obligation of Seller to repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is fulfilled, constitute the sole remedy against Seller for such breach available to Purchaser, the Issuer, the Insurer, the Backup Servicer, the Noteholders, the Certificateholder, the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the Certificateholder.
This Agreement shall be binding upon the Backup Servicer, and shall inure to the benefit of the Trust Collateral Agent and the Noteholders and their respective successors and permitted assigns; provided that the Backup Servicer shall not assign any of its rights or obligations hereunder without the prior written consent of the Majority Noteholders, and any such assignment in contradiction of the foregoing shall be null and void.
Upon any Transfers of Certificates, the Certificate Registrar shall notify the Trust Collateral Agent of the name and address of the transferee in writing, by facsimile, on the day of such Transfer.