Common use of Acceptance by SUBI Trustee Clause in Contracts

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 2013-2 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 2013-2 SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 2013-2 SUBI Certificate in accordance with the terms of this Series 2013-2 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 2013-2 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 2013-2 SUBI Certificate, the Series 2013-2 SUBI Portfolio or any Series 2013-2 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 2013-2 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 2013-2 SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).

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 20132014-2 SUBI 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 20132014-2 1A SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 20132014-2 1A SUBI Certificate in accordance with the terms of this Series 20132014-2 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 20132014-2 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 20132014-2 1A SUBI Certificate, the Series 20132014-2 1A SUBI Portfolio or any Series 20132014-2 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 20132014-2 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 20132014-2 1A SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).

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 2013-2 SUBI 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 2013-2 1A SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 2013-2 1A SUBI Certificate in accordance with the terms of this Series 2013-2 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 2013-2 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 2013-2 1A SUBI Certificate, the Series 2013-2 1A SUBI Portfolio or any Series 2013-2 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 2013-2 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 2013-2 1A SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).

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 2013-2 1 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 2013-2 1 SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 2013-2 1 SUBI Certificate in accordance with the terms of this Series 2013-2 1 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 2013-2 1 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 2013-2 1 SUBI Certificate, the Series 2013-2 1 SUBI Portfolio or any Series 2013-2 1 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 2013-2 1 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 2013-2 1 SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).