Acceptance by SUBI Trustee Sample Clauses
The 'Acceptance by SUBI Trustee' clause defines the requirement for the SUBI Trustee to formally acknowledge and accept its role and obligations under the agreement. In practice, this means the SUBI Trustee must provide written confirmation or execute a document signifying its consent to act as trustee and to be bound by the terms set forth. This clause ensures that the trustee's participation is explicit and legally recognized, thereby preventing disputes about the trustee's authority or commitment to the agreement.
Acceptance by SUBI Trustee. The SUBI Trustee shall have only the rights, powers and duties as set forth herein and in the Origination Trust Agreement with respect to the Transaction SUBI. In accordance with Section 3.1(d) of the Origination Trust Agreement, the SUBI Trustee hereby accepts its appointment as SUBI Trustee with respect to the Transaction SUBI hereunder and agrees to act as a trustee of the Origination Trust for the benefit of the holder or holders of each Transaction SUBI Certificate in accordance with the terms of this Transaction SUBI Supplement and the Origination Trust Agreement. Except to execute and deliver the Transaction Documents to which it is a party and to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the SUBI Trustee hereunder and thereunder and except as otherwise authorized by the holder of the Transaction SUBI Certificate, the SUBI Trustee shall have no power, right, duty or authority to manage, control, possess, sell, lease, dispose of or in any other manner deal in or with the Transaction SUBI Certificate, the Transaction SUBI Portfolio or any Transaction SUBI Asset or any part thereof or interest therein at any time conveyed to or vested in or registered or otherwise standing in the name of the SUBI Trustee or the Origination Trust.
Acceptance by SUBI Trustee. The SUBI Trustee shall have the rights, powers and duties set forth herein and in the Origination Trust Agreement with respect to the 1999-1A Sold SUBI. Pursuant to Section 3.1(c) of the Origination Trust Agreement, the SUBI Trustee hereby accepts its appointment as SUBI Trustee with respect to the 1999-1A Sold SUBI hereunder and agrees to act as a trustee of the Origination Trust for the benefit of the holder or holders of each 1999-1A Sold SUBI Certificate in accordance with the terms of this 1999-1A Sold SUBI Supplement and the Origination Trust Agreement
Acceptance by SUBI Trustee. The SUBI Trustee shall have only the rights, powers and duties as set forth herein and in the Trust Agreement with respect to the Series 2013-1A SUBI. In accordance with Section 3.1(d) of the Trust Agreement, the SUBI Trustee hereby accepts its appointment as SUBI Trustee with respect to the Series 2013-1A SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 2013-1A SUBI Certificate in accordance with the terms of this Series 2013-1A SUBI Supplement and the Trust Agreement. Except to execute and deliver the Transaction Documents to which it is a party and to execute and carry out or cause to be executed and carried out the rights, duties and obligations of the SUBI Trustee hereunder and thereunder and except as otherwise authorized by the holder of the Series 2013-1A SUBI Certificate, the SUBI Trustee shall have no power, right, duty or authority to manage, control, possess, sell, lease, dispose of or in any other manner deal in or with the Series 2013-1A SUBI Certificate, the Series 2013-1A SUBI Portfolio or any Series 2013-1A SUBI Asset or any part thereof or interest therein at anytime conveyed to or vested in or registered or otherwise standing in the name of the SUBI Trustee or the Trust. Notwithstanding anything in this Series 2013-1A SUBI Supplement to the contrary, the SUBI Trustee shall not be authorized and shall have no power to “vary the investment” of the holder of the Series 2013-1A SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).