Common use of Actions by Owner Trustee Clause in Contracts

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 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 14 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 17SIX

Actions by Owner Trustee. 11 Section 4.01. 4.1 Prior Notice to Owners Certificateholders with Respect to Certain Matters 13 11 Section 4.02. 4.2 Action by Owners Certificateholders with Respect to Certain Matters 14 12 Section 4.03. 4.3 Action by Owners Certificateholders with Respect to Bankruptcy 14 12 Section 4.04. 4.4 Restrictions on OwnersCertificateholders’ Power 14 13 Section 4.05. 4.5 Majority Control 15 13 Section 4.6 Certain Litigation Matters 13 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 13 Section 5.01. 5.1 Establishment of Trust Certificate Payment Account 15 13 Section 5.02. 5.2 Application of Trust Funds 15 13 Section 5.03. 5.3 Method of Payment 16 14 Section 5.04. 5.4 No Segregation of Monies; No Interest 16 14 Section 5.05. 5.5 Accounting and Reports to Ownersthe Noteholders, Certificateholders, the Internal Revenue Service and Others 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE 14 Section 6.01. General Authority 17 Section 6.02. General Duties 17 Section 6.03. Action Upon Instruction 175.6 Signature on Returns; Tax Matters Partner 15

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Owners Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Owners the Owner with Respect to Certain Matters 14 Section 4.03. 11 SECTION 4.03 Action by Owners the Owner with Respect to Bankruptcy 14 Section 4.04. 11 SECTION 4.04 Restrictions on Owners’ the Owner’s Power 14 Section 4.05. Majority Control 15 12 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.01 Establishment of Trust Account 15 Section 5.02. 12 SECTION 5.02 Application of Trust Funds 15 Section 5.03. 12 SECTION 5.03 Method of Payment 16 Section 5.04. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.05. 13 SECTION 5.05 Accounting and Reports to Ownersthe Owner, the Internal Revenue Service and Others 16 13 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.01 General Authority 17 Section 6.02. 14 SECTION 6.02 General Duties 17 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 1715

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 14 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 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 14 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 15 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 17SIX

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Owners Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Owners the Owner with Respect to Certain Matters 14 Section 4.03. 11 SECTION 4.03 Action by Owners the Owner with Respect to Bankruptcy 14 Section 4.04. 12 SECTION 4.04 Restrictions on Owners’ the Owner’s Power 14 Section 4.05. Majority Control 15 12 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.01 Establishment of Trust Certificate Distribution Account 15 Section 5.02. 12 SECTION 5.02 Application of Trust Funds 15 Section 5.03. 12 SECTION 5.03 Method of Payment 16 Section 5.04. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.05. 13 SECTION 5.05 Accounting and Reports to Ownersthe Owner, the Internal Revenue Service and Others 16 13 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.01 General Authority 17 Section 6.02. 14 SECTION 6.02 General Duties 17 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 1715

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Owners Owner with Respect to Certain Matters 13 Section 4.02. 9 SECTION 4.02 Action by Owners the Owner with Respect to Certain Matters 14 Section 4.03. 10 SECTION 4.03 Action by Owners the Owner with Respect to Bankruptcy 14 Section 4.04. 10 SECTION 4.04 Restrictions on Owners’ the Owner’s Power 14 Section 4.05. Majority Control 15 10 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.01 Establishment of Trust Account 15 Section 5.02. 11 SECTION 5.02 Application of Trust Funds 15 Section 5.03. 11 SECTION 5.03 Method of Payment 16 Section 5.04. 11 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.05. 11 SECTION 5.05 Accounting and Reports to Ownersthe Owner, the 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 1712

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 17SIX

Actions by Owner Trustee. Section 4.01. Prior Notice to Owners with Respect to Certain Matters 13 14 Section 4.02. Action by Owners with Respect to Certain Matters 14 Section 4.03. Action by Owners with Respect to Bankruptcy 14 15 Section 4.04. Restrictions on Owners’ Power 14 15 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 Funds. 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 17Instruction.