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 4.1 Prior Notice to Owners with Respect to Certain Matters.......IV-1 Section 4.2 Action by Owners with Respect to Certain Matters.............IV-3 Section 4.3 Action by Owners with Respect to Bankruptcy..................IV-3 Section 4.4 Restrictions on Owners' Power................................IV-3 Section 4.5 Majority Control.............................................IV-3 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
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 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 Regarding Certain Matters........12
Actions by Owner Trustee. SECTION 4.01 Prior Notice to Owner with Respect to Certain Matters 10 SECTION 4.02 Action by the Owner with Respect to Certain Matters 11 SECTION 4.03 Action by the Owner with Respect to Bankruptcy 11 SECTION 4.04 Restrictions on the Owner’s Power 11 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Trust Account 12 SECTION 5.02 Application of Trust Funds 12 SECTION 5.03 Method of Payment 13 SECTION 5.04 No Segregation of Monies; No Interest 13 SECTION 5.05 Accounting and Reports to the Owner, the Internal Revenue Service and Others 13 ARTICLE VI AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 General Authority 14 SECTION 6.02 General Duties 14 SECTION 6.03 Action upon Instruction 14 SECTION 6.04 No Duties Except as Specified in This Agreement or in Instructions 15 SECTION 6.05 No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 Restrictions 16 ARTICLE VII CONCERNING THE OWNER TRUSTEE SECTION 7.01 Acceptance of Trusts and Duties 16 SECTION 7.02 Furnishing of Documents 19 SECTION 7.03 Representations and Warranties 20 SECTION 7.04 Reliance; Advice of Counsel 20 SECTION 7.05 Not Acting in Individual Capacity 20 SECTION 7.06 Owner Trustee Not Liable for Certificate or Receivables 21 SECTION 7.07 Owner Trustee May Own Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner Trustee’s Fees and Expenses 21 SECTION 8.02 Indemnification 21 SECTION 8.03 Payments to the Owner Trustee 22 ARTICLE IX TERMINATION OF TRUST AGREEMENT SECTION 9.01 Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 ARTICLE X SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Eligibility Requirements for Owner Trustee 24 SECTION 10.02 Resignation or Removal of Owner Trustee 24 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 Appointment of Co-Trustee or Separate Trustee 26 ARTICLE XI MISCELLANEOUS SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Limitations on Rights of Others 28 SECTION 11.04 Notices 28 SECTION 11.05 Severability 29 SECTION 11.06 Separate Counterparts 29 SECTION 11.07 Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 No Petition 30 SECTION 11.10 No Recourse 30 SECTION 11.11 Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depo...
Actions by Owner Trustee. Section 4.01. Prior Notice to Owner and Transferor with Respect to Certain Matters.......................... 11 Section 4.02. Restrictions on Power......................................................................... 11
Actions by Owner Trustee. SECTION 4.01 Prior Notice to Owner with Respect to Certain Matters 11 SECTION 4.02 Action by the Owner with Respect to Certain Matters 11 SECTION 4.03 Action by the Owner with Respect to Bankruptcy 11 SECTION 4.04 Restrictions on the Owner’s Power 12
