Common use of Acceptance by SUBI Trustee Clause in Contracts

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 the rights, powers and duties set forth herein and in the Origination Trust Agreement with respect to the 1999-1A 1B 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 1B 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 1B Sold SUBI Certificate Certificates in accordance with the terms of this 1999-1A 1B Sold SUBI Supplement and the Origination Trust Agreement. The Class X 1999-1B Sold SUBI Certificate shall be initially registered in the name of the Issuer and the Class Y 1999-1B Sold SUBI Certificate shall be initially registered in the name of the Initial Beneficiary.