Common use of Actions by Owner Trustee Clause in Contracts

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 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 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 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

Appears in 3 contracts

Samples: Trust Agreement (Mercedes Benz Auto Receivables Trust 2012-1), Trust Agreement (Daimler Retail Receivables LLC), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2011-1)

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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 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 17 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 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

Appears in 2 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 Section 5.01. Establishment of Trust Account 11 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 13 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 15 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 16 Section 6.06. Restrictions 20 16 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 Section 7.01. Acceptance of Trusts and Duties 21 17 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities 24Trust Certificates and Notes 22 Section 7.08. Duties of the Delaware Trustee 22

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2020-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2020-1 Owner Trust)

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 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 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 Partnership Representative 17 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 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 2426

Appears in 2 contracts

Samples: Trust Agreement (Daimler Trucks Retail Trust 2022-1), Trust Agreement (Daimler Trucks Retail Trust 2022-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Owners with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Owners with Respect to Certain Matters 13 14 Section 4.03. Action by Certificateholders Owners with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on CertificateholdersOwners’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.025.03. Method of Payment 15 16 Section 5.035.04. No Segregation of Monies; No Interest 16 Section 5.045.05. Accounting and Reports to CertificateholdersOwners, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 19 Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 21 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 21 Section 7.04. Reliance; , Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 24 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities Trust Certificates and Notes 24

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2015-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-1 Owner Trust)

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 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 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 Partnership Representative 17 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 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 2427

Appears in 2 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2019-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2019-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. Application of Trust Issuer 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 CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for 2019-B Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24Certificates and Notes 25 Section 7.08. Applicable Anti-Money Laundering Law 26

Appears in 2 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 Section 5.01. Establishment of Trust Account 12 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 13 Section 5.035.04. No Segregation of Monies; No Interest 16 13 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 17 Section 6.05. No Action Except Under Specified Documents or Instructions 19 17 Section 6.06. Restrictions 20 17 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 Section 7.01. Acceptance of Trusts and Duties 21 18 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 2420

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Owners with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Owners with Respect to Certain Matters 13 14 Section 4.03. Action by Certificateholders Owners with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on CertificateholdersOwners’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.025.03. Method of Payment 15 16 Section 5.035.04. No Segregation of Monies; No Interest 16 Section 5.045.05. Accounting and Reports to CertificateholdersOwners, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 19 Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 21 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 21 Section 7.04. Reliance; , Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Section 7.07. Owner Trustee May Own Securities Receivables 24

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2013-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2013-4 Owner Trust)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 16 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 18 Section 4.055.04. Majority Control 14 18 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions. 19 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 19 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 19 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 21 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in Instructions 19 any Instructions. 22 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 23 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 23 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 26 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24Notes 27 Section 8.08. Licenses 27

Appears in 2 contracts

Samples: Trust Agreement (Accredited Mortgage Loan REIT Trust), Trust Agreement (Accredited Mortgage Loan Trust 2005-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Owners with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Owners with Respect to Certain Matters 13 14 Section 4.03. Action by Certificateholders Owners with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on CertificateholdersOwners’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.025.03. Method of Payment 15 16 Section 5.035.04. No Segregation of Monies; No Interest 16 Section 5.045.05. Accounting and Reports to CertificateholdersOwners, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 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 19 Section 7.01. Acceptance of Trusts and Duties 21 19 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 21 Section 7.04. Reliance; , Advice of Counsel 23 22 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates Receivables 23 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities Trust Certificates and Notes 24 Section 7.08. Duties of the Delaware Trustee 24

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2011-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2011-1 Owner Trust)

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 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 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 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 2424 ARTICLE EIGHT

Appears in 2 contracts

Samples: Trust Agreement (Daimler Retail Receivables LLC), Trust Agreement (Daimler Retail Receivables LLC)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 Section 5.01. Establishment of Trust Account 12 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 13 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 17 Section 6.06. Restrictions 20 17 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 Section 7.01. Acceptance of Trusts and Duties 21 18 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 20 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 22 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities 24Trust Certificates and Notes 23 Section 7.08. Duties of the Delaware Trustee 23

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 12 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 12 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 12 Section 4.04. Restrictions on Certificateholders’ Power 14 13 Section 4.05. Majority Control 14 13 Section 4.06. Certain Litigation Matters 14 13 Section 5.01. Application of Trust Funds 15 14 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 15 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 15 Section 5.05. Signature on Returns; Tax Matters Partner Partnership Representative 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 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 19 Section 6.07. Notice to Administrator of Repurchase Requests 20 19 Section 7.01. Acceptance of Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 2425 Section 7.08. The Paying Agent and the Certificate Registrar 25 Section 7.09. Applicable Anti-Money Laundering Law 25

Appears in 2 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Certificateholders Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Certificateholders the Owner with Respect to Certain Matters 13 Section 4.03. 11 SECTION 4.03 Action by Certificateholders the Owner with Respect to Bankruptcy 13 Section 4.04. 11 SECTION 4.04 Restrictions on Certificateholders’ the Owner’s Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. 12 SECTION 5.01 Establishment of Certificate Distribution Account 12 SECTION 5.02 Application of Trust Funds 15 Section 5.02. 12 SECTION 5.03 Method of Payment 15 Section 5.03. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.04. 13 SECTION 5.05 Accounting and Reports to Certificateholdersthe Owner, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. 13 SECTION 6.01 General Authority 18 Section 6.02. 14 SECTION 6.02 General Duties 18 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 18 Section 6.04. 15 SECTION 6.04 No Duties Except as Specified in this This Agreement or in Instructions 19 Section 6.05. 15 SECTION 6.05 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 16 SECTION 6.06 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. 16 SECTION 7.01 Acceptance of Trusts and Duties 21 Section 7.02. 17 SECTION 7.02 Furnishing of Documents 22 Section 7.03. 19 SECTION 7.03 Representations and Warranties 22 Section 7.04. 20 SECTION 7.04 Reliance; Advice of Counsel 23 Section 7.05. 20 SECTION 7.05 Not Acting in Individual Capacity 23 Section 7.06. 21 SECTION 7.06 Owner Trustee Not Liable for Basic Documents Certificate or Certificates 23 Section 7.07. Receivables 21 SECTION 7.07 Owner Trustee May Own Securities 24Notes 21

Appears in 2 contracts

Samples: Trust Agreement (Deere John Capital Corp), Trust Agreement (John Deere Receivables LLC)

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Certificateholders Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Certificateholders the Owner with Respect to Certain Matters 13 Section 4.03. 11 SECTION 4.03 Action by Certificateholders the Owner with Respect to Bankruptcy 13 Section 4.04. 11 SECTION 4.04 Restrictions on Certificateholders’ the Owner’s Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. 12 SECTION 5.01 Establishment of Trust Account 12 SECTION 5.02 Application of Trust Funds 15 Section 5.02. 12 SECTION 5.03 Method of Payment 15 Section 5.03. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.04. 13 SECTION 5.05 Accounting and Reports to Certificateholdersthe Owner, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. 13 SECTION 6.01 General Authority 18 Section 6.02. 14 SECTION 6.02 General Duties 18 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 18 Section 6.04. 14 SECTION 6.04 No Duties Except as Specified in this This Agreement or in Instructions 19 Section 6.05. 15 SECTION 6.05 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 16 SECTION 6.06 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. 16 SECTION 7.01 Acceptance of Trusts and Duties 21 Section 7.02. 16 SECTION 7.02 Furnishing of Documents 22 Section 7.03. 19 SECTION 7.03 Representations and Warranties 22 Section 7.04. 19 SECTION 7.04 Reliance; Advice of Counsel 23 Section 7.05. 20 SECTION 7.05 Not Acting in Individual Capacity 23 Section 7.06. 20 SECTION 7.06 Owner Trustee Not Liable for Basic Documents Certificate or Certificates 23 Section 7.07. Receivables 21 SECTION 7.07 Owner Trustee May Own Securities 24Notes 21

Appears in 2 contracts

Samples: Trust Agreement (John Deere Owner Trust 2017), Trust Agreement (John Deere Owner Trust 2017)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to Certificateholders Beneficiary and Transferor with Respect to Certain Matters 13 14 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.045.02. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 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 Section 6.01. General Authority 18 Action Upon Instructions 15 Section 6.02. General Duties 18 No Duty to Act Under Certain Circumstances 16 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Under Specified in this Agreement Agreements or in Instructions 19 16 Section 6.04. Trust Operation 17 Section 6.05. No Action Except Under Specified Execution of Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 Section 7.01. Acceptance of Trusts and Duties 21 18 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 19 Section 7.04. Reliance; Advice of Counsel 23 20 Section 7.05. Not Acting in Individual Capacity 23 20 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 No Representations and Warranties as to the Trust Estate 21 Section 7.07. Signature of Returns 21 Section 7.08. Trustee Bank May Own Notes 21 Section 8.01. Trustee Bank’s Fees and Expenses 21 Section 8.02. Indemnification 21 Section 8.03. Payments to the Owner Trustee May Own Securities 2422 Section 9.01. Termination of Trust Agreement 22 Section 10.01. Eligibility Requirements for Owner Trustee 22 Section 10.02. Resignation or Removal of Owner Trustee 23 Section 10.03. Successor Owner Trustee 24 Section 10.04. Merger or Consolidation of Owner Trustee 24 Section 10.05. Appointment of Co-Trustee or Separate Owner Trustee 24 Section 11.01. Supplements and Amendments 26 Section 11.02. No Legal Title to Trust Estate in Beneficiary 27 Section 11.03. Limitations on Rights of Others 28 Section 11.04. Notices 28 Section 11.05. Severability 28 Section 11.06. Separate Counterparts 28 Section 11.07. Successors and Assigns 28 Section 11.08. Nonpetition Covenants 28 Section 11.09. No Recourse 29 Section 11.10. Headings 29 Section 11.11. GOVERNING LAW 29 Section 11.12. Acceptance of Terms of Agreement 29 Section 11.13. Integration of Documents 29

Appears in 1 contract

Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to Certificateholders Beneficiary and Transferor with Respect to Certain Matters 13 14 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.045.02. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 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 Section 6.01. General Authority 18 Action Upon Instructions 15 Section 6.02. General Duties 18 No Duty to Act Under Certain Circumstances 16 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Under Specified in this Agreement Agreements or in Instructions 19 16 Section 6.04. Trust Operation 17 Section 6.05. No Action Except Under Specified Execution of Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 Section 7.01. Acceptance of Trusts and Duties 21 18 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 19 Section 7.04. Reliance; Advice of Counsel 23 20 Section 7.05. Not Acting in Individual Capacity 23 20 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 No Representations and Warranties as to the Trust Estate 21 Section 7.07. Signature of Returns 21 Section 7.08. Trustee Bank May Own Notes 21 Section 8.01. Trustee Bank’s Fees and Expenses 21 Section 8.02. Indemnification 21 Section 8.03. Payments to the Owner Trustee May Own Securities 2422 Section 9.01. Termination of Trust Agreement 22 Section 10.01. Eligibility Requirements for Owner Trustee 23 Section 10.02. Resignation or Removal of Owner Trustee 23 Section 10.03. Successor Owner Trustee 24 Section 10.04. Merger or Consolidation of Owner Trustee 24 Section 10.05. Appointment of Co-Trustee or Separate Owner Trustee 25 Section 11.01. Supplements and Amendments 26 Section 11.02. No Legal Title to Trust Estate in Beneficiary 28 Section 11.03. Limitations on Rights of Others 28 Section 11.04. Notices 28 Section 11.05. Severability 28 Section 11.06. Separate Counterparts 28 Section 11.07. Successors and Assigns 28 Section 11.08. Nonpetition Covenants 29 Section 11.09. No Recourse 29 Section 11.10. Headings 29 Section 11.11. GOVERNING LAW 29 Section 11.12. Acceptance of Terms of Agreement 29 Section 11.13. Integration of Documents 29

Appears in 1 contract

Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 19 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions 19 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 19 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 20 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 21 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 23 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24Notes 27 Section 8.08. Licenses 27

Appears in 1 contract

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2004-4)

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 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 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 Partnership Representative 17 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 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 2426

Appears in 1 contract

Samples: Trust Agreement (Daimler Retail Receivables LLC)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 12 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 12 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 12 Section 4.04. Restrictions on Certificateholders’ Power 14 13 Section 4.05. Majority Control 14 13 Section 4.06. Certain Litigation Matters 14 13 Section 5.01. Application of Trust Funds 15 14 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 15 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 15 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 15 Section 6.01. General Authority 18 16 Section 6.02. General Duties 18 16 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 17 Section 6.05. No Action Except Under Specified Documents or Instructions 19 18 Section 6.06. Restrictions 20 18 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 Section 7.01. Acceptance of Duties 21 19 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 25 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 2425 Section 7.08. The Paying Agent and the Certificate Xxxxxxxxx 00 Section 7.09. Applicable Anti-Money Laundering Law 25

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2022-1)

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 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 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 Partnership Representative 17 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 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 24 Section 7.07. Owner Trustee May Own Securities 2425 Section 7.08. The Paying Agent and the Certificate Xxxxxxxxx 00

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 20 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 22 Section 4.045.03. Restrictions on Certificateholders’ Power 14 22 Section 4.055.04. Majority Control 14 22 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions 22 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 26 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 27 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 27 Section 6.027.02. General Duties 18 28 Section 6.037.03. Action Upon upon Instruction 18 28 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 29 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 30 Section 6.067.06. Restrictions 20 30 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 30 Section 7.028.02. Furnishing of Documents 22 31 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 32 Section 7.048.04. Reliance; Advice of Counsel 23 32 Section 7.058.05. Not Acting in Individual Capacity 23 33 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 33 Section 7.078.07. Owner Trustee May Own Securities 24Certificates and Notes 33 Section 8.08. Licenses 34 Section 9.01. Owner Trustee’s Fees and Expenses 34 Section 9.02. Indemnification 34 Section 9.03. Payments to the Owner Trustee 35

Appears in 1 contract

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2003-3)

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 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 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 Partnership Representative 17 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 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 2426 Section 7.08. The Paying Agent and the Certificate Registrar 26 Section 7.09. Applicable Anti-Money Laundering Law 26

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2023-1)

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Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 15 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 17 Section 4.045.03. Restrictions on Certificateholders’ Power 14 17 Section 4.055.04. Majority Control 14 17 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions 17 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 18 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 18 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 19 Section 6.027.02. General Duties 18 20 Section 6.037.03. Action Upon upon Instruction 18 20 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 21 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 22 Section 6.067.06. Restrictions 20 22 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 22 Section 7.028.02. Furnishing of Documents 22 24 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 24 Section 7.048.04. Reliance; Advice of Counsel 23 24 Section 7.058.05. Not Acting in Individual Capacity 23 25 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 25 Section 7.078.07. Owner Trustee May Own Securities 24Notes 26 Section 8.08. Licenses 26 Section 8.09. Legal Proceedings 26

Appears in 1 contract

Samples: Trust Agreement (NovaStar Mortgage Funding Trust, Series 2006-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders' Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 Section 5.01. 15 SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 Section 6.01. 18 SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. 19 SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 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 2420

Appears in 1 contract

Samples: Trust Agreement (CarMax Auto Owner Trust 2006-2)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 14 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 Section 5.01. 15 SECTION 5.1 Establishment of Certificate Payment Account 15 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 16 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 Section 6.01. 17 SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 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 2420

Appears in 1 contract

Samples: Trust Agreement (CarMax Auto Owner Trust 2004-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 17 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. Restrictions on Certificateholders’ Power 14 18 Section 4.05. Majority Control 14 18 Section 4.06. Certain Litigation Matters 14 18 Section 5.01. Establishment of Certificate Payment Account 19 Section 5.02. Application of Trust Funds 15 19 Section 5.025.03. Method of Payment 15 20 Section 5.035.04. No Segregation of Monies; No Interest 16 20 Section 5.045.05. Accounting and Reports to Noteholders, Certificateholders, the IRS and Others 16 20 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 21 Section 6.01. General Authority 18 22 Section 6.02. General Duties 18 22 Section 6.03. Action Upon Instruction 18 23 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 24 Section 6.05. No Action Except Under Specified Documents or Instructions 19 24 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 24 Section 7.01. Acceptance of Duties 21 25 Section 7.02. Furnishing of Documents 22 26 Section 7.03. Representations and Warranties 22 27 Section 7.04. Reliance; Advice of Counsel 23 27 Section 7.05. Not Acting in Individual Capacity 23 28 Section 7.06. Owner Trustee Not Liable for Basic Documents Certificates or Certificates 23 Receivables 28 Section 7.07. Owner Trustee May Own Securities 24Certificates and Notes 28 Section 7.08. Paying Agent; Authenticating Agent 29

Appears in 1 contract

Samples: Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 Section 5.01. 15 SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 Section 6.01. 18 SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 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 2420

Appears in 1 contract

Samples: Trust Agreement (Carmax Auto Owner Trust 2005-3)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 19 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions 19 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 19 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 20 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 22 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 23 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24Notes 27 Section 8.08. Licenses 27

Appears in 1 contract

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2005-3)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 Section 5.01. Establishment of Trust Account 11 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 12 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 15 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 16 Section 6.06. Restrictions 20 16 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 Section 7.01. Acceptance of Trusts and Duties 21 17 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities 24Trust Certificates and Notes 22 Section 7.08. Duties of the Delaware Trustee 22

Appears in 1 contract

Samples: Trust Agreement (Honda Auto Receivables 2022-1 Owner Trust)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 17 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. Restrictions on Certificateholders’ Power 14 18 Section 4.05. Majority Control 14 18 Section 4.06. Certain Litigation Matters 14 18 Section 5.01. Establishment of Certificate Payment Account 19 Section 5.02. Application of Trust Funds 15 Funds. 19 Section 5.025.03. Method of Payment 15 20 Section 5.035.04. No Segregation of Monies; No Interest 16 20 Section 5.045.05. Accounting and Reports to Noteholders, Certificateholders, the IRS and Others 16 20 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Partner. 21 Section 6.01. General Authority 18 22 Section 6.02. General Duties 18 Duties. 22 Section 6.03. Action Upon Instruction 18 Instruction. 23 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 24 Section 6.05. No Action Except Under Specified Documents or Instructions 19 24 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 24 Section 7.01. Acceptance of Duties 21 25 Section 7.02. Furnishing of Documents 22 26 Section 7.03. Representations and Warranties 22 27 Section 7.04. Reliance; Advice of Counsel 23 Counsel. 27 Section 7.05. Not Acting in Individual Capacity 23 28 Section 7.06. Owner Trustee Not Liable for Basic Documents Certificates or Certificates 23 Receivables 28 Section 7.07. Owner Trustee May Own Securities 24Certificates and Notes 28 Section 7.08. Paying Agent; Authenticating Agent 29

Appears in 1 contract

Samples: Trust Agreement (Wachovia Auto Owner Trust 2008-A)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. Application of Trust Issuer 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 CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 18 Section 6.06. Restrictions 20 18 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 21 Section 7.03. Representations and Warranties 22 21 Section 7.04. Reliance; Advice of Counsel 23 22 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for 2017-A Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24Certificates and Notes 23

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2017-A)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. Application of Trust Issuer 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 CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for 20[__]-[_] Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24Certificates and Notes 25 Section 7.08. Applicable Anti-Money Laundering Law 26

Appears in 1 contract

Samples: Trust Agreement (Daimler Trust)

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 19 Section 4.066.01. Certain Litigation Matters 14 Federal Income Tax Provisions 19 Section 5.016.02. Application of Trust Funds 15 Withholding Taxes 19 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 20 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 Duties. 21 Section 6.037.03. Action Upon upon Instruction 18 22 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 23 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 26 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24Notes 27 Section 8.08. Licenses 28 Section 8.09. Legal Proceedings 28

Appears in 1 contract

Samples: Trust Agreement (Accredited Mortgage Loan REIT Trust)

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 15 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 15 Section 4.054.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Funds. 16 Section 5.025.03. Method of Payment 15 17 Section 5.035.04. No Segregation of MoniesMoneys; No Interest 16 17 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 17 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Partner. 18 Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 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 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests Administrative Duties. 20 Section 7.01. Acceptance of Trusts and Duties 21 23 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 Counsel. 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 for Receivables 26 Section 7.07. Owner Trustee May Own Securities 24Trust Certificates and Notes 26 Section 7.08. Doing Business in Other Jurisdictions 26 Section 7.09. Paying Agent, Certificate Registrar and Authenticating Agent 27

Appears in 1 contract

Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 Section 5.01. 15 SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 Section 6.01. 18 SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. 19 SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 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 2420

Appears in 1 contract

Samples: Trust Agreement (Carmax Auto Funding LLC)

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 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 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 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 2424 Page

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2013-1)

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 11 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 12 Section 4.05. Majority Control 14 12 Section 4.06. Certain Litigation Matters 14 12 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 13 Section 5.02. Method of Payment 15 13 Section 5.03. No Segregation of Monies; No Interest 16 14 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 14 Section 5.05. Signature on Returns; Tax Matters Partner 16 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 16 Section 6.02. General Duties 18 16 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 17 Section 6.05. No Action Except Under Specified Documents or Instructions 19 17 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 19 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 20 Section 7.04. Reliance; Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 21 Section 7.07. Owner Trustee May Own Securities 2422

Appears in 1 contract

Samples: Trust Agreement (Daimler Retail Receivables LLC)

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