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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (John Deere Owner Trust 2018-B), Trust Agreement (John Deere Owner Trust 2018-B)
Actions by Owner Trustee. SECTION 4.01 Prior Notice to Owner with Respect to Certain Matters 10 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 11 12 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Trust Certificate Distribution 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 15 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 17 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 21 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.22
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 Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 13 Section 4.02. Action by the Owner Certificateholder with Respect to Certain Matters 11 SECTION 4.03 13 Section 4.03. Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 14 Section 4.04. Restrictions on the Owner’s Certificateholders’ Power 11 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE V FIVE APPLICATION OF TRUST ISSUER FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Trust Account 12 SECTION 5.02 Section 5.01. Application of Trust Issuer Funds 12 SECTION 5.03 15 Section 5.02. Method of Payment 13 SECTION 5.04 15 Section 5.03. No Segregation of Monies; No Interest 13 SECTION 5.05 16 Section 5.04. Accounting and Reports to the OwnerOwners, the Internal Revenue Service IRS and Others 13 16 ARTICLE VI SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 6.01. General Authority 14 SECTION 6.02 17 Section 6.02. General Duties 14 SECTION 6.03 17 Section 6.03. Action upon Upon Instruction 14 SECTION 6.04 17 Section 6.04. No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 18 Section 6.05. No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 18 Section 6.06. Restrictions 16 18 Section 6.07. Issuance of Notes 19 ARTICLE VII SEVEN CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 20 Section 7.02. Furnishing of Documents 19 SECTION 7.03 21 Section 7.03. Representations and Warranties 20 SECTION 7.04 21 Section 7.04. Reliance; Advice of Counsel 20 SECTION 7.05 23 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 23 Section 7.06. Owner Trustee Not Liable for Certificate 2018-A Basic Documents or Receivables 21 SECTION 7.07 Certificates 23 Section 7.07. Owner Trustee May Own Certificates and Notes 21 24 Page ARTICLE VIII EIGHT COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 8.01. Owner Trustee’s Fees and Expenses 21 SECTION 8.02 25 Section 8.02. Indemnification 21 SECTION 8.03 25 Section 8.03. Payments to the Owner Trustee 22 25 ARTICLE IX NINE TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 26 ARTICLE X TEN SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 28 Section 10.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 28 Section 10.03. Successor Owner Trustee 25 SECTION 10.04 29 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 29 Section 10.05. Appointment of Co-Trustee or Separate Trustee 26 30 ARTICLE XI MISCELLANEOUS SECTION 11.01 Supplements ELEVEN REGULATION AB Section 11.01. Intent of the Parties; Reasonableness 32 Section 11.02. Representations and Amendments 27 SECTION 11.02 No Legal Title Warranties 32 Section 11.03. Information to Owner Trust Estate in Be Provided by the Owner 28 SECTION 11.03 Trustee 32 ARTICLE TWELVE TAX MATTERS Section 12.01. Tax Accounting Characterization 34 Section 12.02. Signature on Returns; Partnership Representative 34 Section 12.03. Tax Reporting 34 ARTICLE THIRTEEN MISCELLANEOUS Section 13.01. Amendments 36 Section 13.02. Limitations on Rights of Others 28 SECTION 11.04 37 Page Section 13.03. Notices 28 SECTION 11.05 37 Section 13.04. Severability 29 SECTION 11.06 38 Section 13.05. Separate Counterparts 29 SECTION 11.07 38 Section 13.06. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 38 Section 13.07. No Petition 30 SECTION 11.10 No Recourse 30 SECTION 11.11 38 Section 13.08. Table of Contents and Headings 30 SECTION 11.12 38 Section 13.09. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT 38 EXHIBITS Exhibit A – Certificate of Trust of Mercedes-Benz Auto Lease Trust 2018-A A-1 Exhibit B – Form of Certificate A-1 B-1 This AMENDED AND RESTATED TRUST AGREEMENT, dated as of July 24January 1, 20182018 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is between Xxxx Deere Receivables, Inc.DAIMLER TRUST LEASING LLC, a Nevada corporationDelaware limited liability company, as Depositortransferor (the “Transferor”), and Xxxxx Fargo Delaware Trust CompanyWILMINGTON TRUST, N.A. NATIONAL ASSOCIATION, a national banking association association, as trustee (the “Owner Trustee”).
Appears in 2 contracts
Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2018-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2018-A)
Actions by Owner Trustee. SECTION 4.01 Section 4.01. Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 Section 4.02. Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 Section 4.03. Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 Section 4.04. Restrictions on the Owner’s Certificateholders’ Power 11 Section 4.05. Majority Control 11 ARTICLE V FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Section 5.01. Establishment of Trust Account 12 SECTION 5.02 11 Section 5.02. Application of Trust Funds 12 SECTION 5.03 Section 5.03. Method of Payment 13 SECTION 5.04 12 Section 5.04. No Segregation of Monies; No Interest 13 SECTION 5.05 Section 5.05. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 Section 5.06. Audit Procedure 14 ARTICLE VI SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 6.01. General Authority 14 SECTION 6.02 15 Section 6.02. General Duties 14 SECTION 6.03 15 Section 6.03. Action upon Upon Instruction 14 SECTION 6.04 15 Section 6.04. No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 16 Section 6.05. No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 Section 6.06. Restrictions 16 Section 6.07. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 17 ARTICLE VII SEVEN CONCERNING THE OWNER TRUSTEE SECTION 7.01 AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 17 Section 7.02. Furnishing of Documents 19 SECTION 7.03 Section 7.03. Representations and Warranties 20 SECTION 7.04 of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance; , Advice of Counsel 20 SECTION 7.05 21 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Certificate Trust Certificates or Receivables 21 SECTION 7.07 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes 21 22 Section 7.08. Duties of the Delaware Trustee 22 ARTICLE VIII EIGHT 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.THE DELAWARE TRUSTEE
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 Owner with Respect to Certain Matters 10 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 12 SECTION 4.04 Restrictions on the Owner’s Power 11 12 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 15 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 21 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 22 SECTION 8.02 Indemnification 21 22 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 26 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 Electronic Signatures; Separate Counterparts 29 SECTION 11.07 Successors and Assigns 29 30 SECTION 11.08 Covenant of the Depositor 29 30 SECTION 11.09 No Petition 30 SECTION 11.10 No Recourse 30 SECTION 11.11 Headings 30 SECTION 11.12 GOVERNING LAW 30 31 SECTION 11.13 WAIVER OF JURY TRIAL 30 31 SECTION 11.14 Depositor Payment Obligation 30 31 SECTION 11.15 Administrator 30 31 SECTION 11.16 Communication with Rating Agencies 30 31 SECTION 11.17 USA PATRIOT Act AML Law Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24March 9, 20182021, between Xxxx Deere Receivables, Inc.Receivables LLC, a Nevada corporationlimited liability company, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (John Deere Owner Trust 2021), Trust Agreement (John Deere Owner Trust 2021)
Actions by Owner Trustee. SECTION 4.01 Section 4.01. Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 Section 4.02. Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 Section 4.03. Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 Section 4.04. Restrictions on the Owner’s Certificateholders’ Power 11 Section 4.05. Majority Control 11 ARTICLE V FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Section 5.01. Establishment of Trust Account 12 SECTION 5.02 Section 5.02. Application of Trust Funds 12 SECTION 5.03 Section 5.03. Method of Payment 13 SECTION 5.04 12 Section 5.04. No Segregation of Monies; No Interest 13 SECTION 5.05 Section 5.05. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 Section 5.06. Audit Procedure. 14 ARTICLE VI SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 6.01. General Authority 14 SECTION 6.02 15 Section 6.02. General Duties 14 SECTION 6.03 15 Section 6.03. Action upon Upon Instruction 14 SECTION 6.04 16 Section 6.04. No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 16 Section 6.05. No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 17 Section 6.06. Restrictions 16 17 Section 6.07. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 17 TABLE OF CONTENTS (continued) Page ARTICLE VII SEVEN CONCERNING THE OWNER TRUSTEE SECTION 7.01 AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 18 Section 7.02. Furnishing of Documents 19 SECTION 7.03 20 Section 7.03. Representations and Warranties of the Owner Trustee and the Delaware Trustee 20 SECTION 7.04 Section 7.04. Reliance; , Advice of Counsel 20 SECTION 7.05 21 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 22 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Certificate Trust Certificates or Receivables 21 SECTION 7.07 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes 21 23 Section 7.08. Duties of the Delaware Trustee 23 ARTICLE VIII EIGHT COMPENSATION OF OWNER TRUSTEE SECTION 8.01 AND THE DELAWARE TRUSTEE Section 8.01. Owner Trustee’s and Delaware Trustee’s Fees and Expenses 21 SECTION 8.02 23 Section 8.02. Indemnification 21 SECTION 8.03 23 Section 8.03. Payments to the Owner Trustee 22 and to the Delaware Trustee 24 ARTICLE IX NINE TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 24 ARTICLE X TEN SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 and Delaware Trustee 25 Section 10.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 or Delaware Trustee 26 Section 10.03. Successor Owner Trustee 25 SECTION 10.04 or Delaware Trustee 27 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 or Delaware Trustee 27 Section 10.05. Appointment of Co-Trustee or Separate Trustee 26 28 TABLE OF CONTENTS (continued) Page ARTICLE XI ELEVEN MISCELLANEOUS SECTION 11.01 Supplements and Section 11.01. Amendments 27 SECTION 11.02 29 Section 11.02. No Legal Title to the Owner Trust Estate in for the Owner 28 SECTION 11.03 Certificateholder 30 Section 11.03. Limitations on Rights of Others 28 SECTION 11.04 30 Section 11.04. Notices 28 SECTION 11.05 30 Section 11.05. Severability 29 SECTION 11.06 31 Section 11.06. Separate Counterparts 29 SECTION 11.07 Counterparts; Electronic Transmission 32 Section 11.07. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 32 Section 11.08. No Petition 30 SECTION 11.10 32 Section 11.09. No Recourse 30 SECTION 11.11 33 Section 11.10. Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 33 Section 11.11. Governing Law; Submission to Jurisdiction 33 Section 11.12. Trust Certificates Nonassessable and Fully Paid 33 Section 11.13. Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication 33 Section 11.14. Tax Treatment 33 Section 11.15. Waiver of Jury Trial 34 Section 11.16. Communications with Rating Agencies 30 SECTION 11.17 USA PATRIOT 34 Section 11.17. Patriot Act Compliance 31 EXHIBIT 34 TABLE OF CONTENTS (continued) Page EXHIBITS Exhibit A - Form of Trust Certificate A-1 TRUST AGREEMENTExhibit B - Form of Seller Certificate B-1 Exhibit C - Form of Investment Letter C-1 Exhibit D - Form of Rule 144A Letter D-1 Exhibit E - Form of Monthly 15Ga-1 Report E-1 This Amended and Restated Trust Agreement (the “Agreement”), dated February 21, 2024 is among American Honda Receivables LLC, a Delaware limited liability company, as depositor (the “Depositor”), The Bank of New York Mellon, a New York banking corporation, as owner trustee (the “Owner Trustee”), and BNY Mellon Trust of Delaware, a Delaware banking corporation, as Delaware trustee (the “Delaware Trustee”); The parties to this Agreement wish to amend and restate in its entirety the original trust agreement (the “Initial Trust Agreement”), dated as of July 24December 28, 20182023, between Xxxx Deere Receivables, Inc., a Nevada corporation, as among the Depositor, the Owner Trustee and Xxxxx Fargo the Delaware Trust Company, N.A. a national banking association as Owner Trustee.. ARTICLE ONE
Appears in 2 contracts
Samples: Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust)
Actions by Owner Trustee. SECTION 4.01 Section 4.01. Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 Section 4.02. Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 Section 4.03. Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 Section 4.04. Restrictions on the Owner’s Certificateholders’ Power 11 Section 4.05. Majority Control 12 ARTICLE V FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Section 5.01. Establishment of Trust Account 12 SECTION 5.02 Section 5.02. Application of Trust Funds 12 SECTION 5.03 Section 5.03. Method of Payment 13 SECTION 5.04 12 Section 5.04. No Segregation of Monies; No Interest 13 SECTION 5.05 12 Section 5.05. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 Section 5.06. Audit Procedure 13 ARTICLE VI SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 6.01. General Authority 14 SECTION 6.02 Section 6.02. General Duties 14 SECTION 6.03 Section 6.03. Action upon Upon Instruction 14 SECTION 6.04 Section 6.04. No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 Section 6.05. No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 15 Section 6.06. Restrictions 15 Section 6.07. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 16 ARTICLE VII SEVEN CONCERNING THE OWNER TRUSTEE SECTION 7.01 AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 17 Section 7.02. Furnishing of Documents 19 SECTION 7.03 18 Section 7.03. Representations and Warranties 20 SECTION 7.04 of the Owner Trustee and the Delaware Trustee 18 Section 7.04. Reliance; , Advice of Counsel 20 SECTION 7.05 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Certificate Trust Certificates or Receivables 21 SECTION 7.07 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes 21 Section 7.08. Duties of the Delaware Trustee 21 ARTICLE VIII EIGHT COMPENSATION OF OWNER TRUSTEE SECTION 8.01 AND THE DELAWARE TRUSTEE Section 8.01. Owner Trustee’s and Delaware Trustee’s Fees and Expenses 21 SECTION 8.02 22 Section 8.02. Indemnification 21 SECTION 8.03 22 Section 8.03. Payments to the Owner Trustee and to the Delaware Trustee 22 ARTICLE IX NINE TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 ARTICLE X TEN SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee and Delaware Trustee 24 SECTION 10.02 Section 10.02. Resignation or Removal of Owner Trustee or Delaware Trustee 24 SECTION 10.03 Section 10.03. Successor Owner Trustee or Delaware Trustee 25 SECTION 10.04 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 or Delaware Trustee 26 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.ELEVEN MISCELLANEOUS
Appears in 2 contracts
Samples: Trust Agreement (Honda Auto Receivables 2021-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2021-1 Owner Trust)
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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24March 12, 20182019, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (John Deere Owner Trust 2019), Trust Agreement (John Deere Owner Trust 2019)
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 11 SECTION 5.02 Application of Trust Funds 12 SECTION 5.03 Method of Payment 13 12 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 19 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 20 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 23 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 25 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 28 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 29 SECTION 11.10 No Recourse 30 29 SECTION 11.11 Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 EXHIBIT B Certificate of Trust of Xxxx Deere Owner Trust 20[__] B-1 TRUST AGREEMENT, dated as of July 24[__], 201820[__], between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company[__], N.A. a national banking association [__], as Owner Trustee.
Appears in 1 contract
Actions by Owner Trustee. SECTION Section 4.01 Prior Notice to Owner Beneficiary and Transferor with Respect to Certain Matters 10 SECTION 13 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 13 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 Section 5.01 General Authority 14 SECTION 6.02 Section 5.02 General Duties 14 SECTION 6.03 Section 5.03 Action upon Upon Instruction 14 SECTION 6.04 Section 5.04 No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 Section 5.05 No Action Except Under under Specified Documents or Instructions 16 SECTION 6.06 Section 5.06 Owner Trust Operation 16 Section 5.07 Restrictions 16 17 ARTICLE VII VI CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 6.01 Acceptance of Trusts and Duties 16 SECTION 7.02 17 Section 6.02 Furnishing of Documents 19 SECTION 7.03 Section 6.03 Representations and Warranties 20 SECTION 7.04 19 Section 6.04 Reliance; Advice of Counsel 20 SECTION 7.05 19 Section 6.05 Not Acting in Individual Capacity 20 SECTION 7.06 Section 6.06 Owner Trustee Not Liable for Certificate Notes or Receivables 21 SECTION 7.07 Collateral 20 Section 6.07 Owner Trustee May Own Notes 21 ARTICLE VIII VII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 7.01 Owner Trustee’s Fees and Expenses 21 SECTION 8.02 Section 7.02 Indemnification 21 SECTION 8.03 Section 7.03 Payments to the Owner Trustee 22 ARTICLE IX VIII TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 8.01 Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 ARTICLE X IX SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 9.01 Eligibility Requirements for Owner Trustee 24 SECTION 10.02 22 Section 9.02 Resignation or Removal of Owner Trustee 24 SECTION 10.03 23 Section 9.03 Successor Owner Trustee 25 SECTION 10.04 24 Section 9.04 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 24 Section 9.05 Appointment of Co-Trustee or Separate Owner Trustee 26 24 ARTICLE XI X MISCELLANEOUS SECTION 11.01 Section 10.01 Supplements and Amendments 27 SECTION 11.02 26 Section 10.02 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Beneficiary 27 Section 10.03 Limitations on Rights of Others 27 Section 10.04 Notices 27 Section 10.05 Severability 28 SECTION 11.04 Notices 28 SECTION 11.05 Severability 29 SECTION 11.06 Section 10.06 Separate Counterparts 29 SECTION 11.07 28 Section 10.07 Successors and Assigns 28 Section 10.08 Nonpetition Covenants 28 Section 10.09 No Recourse 28 Section 10.10 Headings 29 SECTION 11.08 Covenant Section 10.11 GOVERNING LAW 29 Section 10.12 Acceptance of Terms of Agreement 29 Section 10.13 Integration of Documents 29 ARTICLE XI REGULATION AB Section 11.01 Intent of the Depositor Parties; Reasonableness. 29 SECTION 11.09 No Petition Section 11.02 Information to Be Provided by the Owner Trustee. 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 EXHIBITS XXXXXXX X Xxxx xx Xxxxxxxxxx Request Notice C-1 This CHASE ISSUANCE TRUST AGREEMENT, dated as of July 24, 2018, FOURTH AMENDED AND RESTATED TRUST AGREEMENT (this “Agreement”) by and between Xxxx Deere Receivables, Inc.CHASE CARD FUNDING LLC (“Chase Card Funding”), a Nevada Delaware limited liability company, as Transferor (the “Transferor”) and Beneficiary (the “Beneficiary”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee (the “Owner Trustee”), is made and entered into as of [ ], 2016.
Appears in 1 contract
Actions by Owner Trustee. SECTION Section 4.01 Prior Notice to Owner Beneficiary and Transferor with Respect to Certain Matters 10 SECTION 12 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 13 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 Section 5.01 General Authority 14 SECTION 6.02 13 Section 5.02 General Duties 14 SECTION 6.03 Section 5.03 Action upon Upon Instruction 14 SECTION 6.04 Section 5.04 No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 Section 5.05 No Action Except Under under Specified Documents or Instructions 16 SECTION 6.06 15 Section 5.06 Owner Trust Operation 15 Section 5.07 Restrictions 16 ARTICLE VII VI CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 6.01 Acceptance of Trusts and Duties 16 SECTION 7.02 Section 6.02 Furnishing of Documents 19 SECTION 7.03 18 Section 6.03 Representations and Warranties 20 SECTION 7.04 18 Section 6.04 Reliance; Advice of Counsel 20 SECTION 7.05 19 Section 6.05 Not Acting in Individual Capacity 20 SECTION 7.06 19 Section 6.06 Owner Trustee Not Liable for Certificate Notes or Receivables 21 SECTION 7.07 Collateral 19 Section 6.07 Owner Trustee May Own Notes 21 20 ARTICLE VIII VII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 7.01 Owner Trustee’s Fees and Expenses 21 SECTION 8.02 20 Section 7.02 Indemnification 21 SECTION 8.03 20 Section 7.03 Payments to the Owner Trustee 22 21 ARTICLE IX VIII TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 8.01 Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 21 ARTICLE X IX SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 9.01 Eligibility Requirements for Owner Trustee 24 SECTION 10.02 21 Section 9.02 Resignation or Removal of Owner Trustee 24 SECTION 10.03 22 Section 9.03 Successor Owner Trustee 25 SECTION 10.04 22 Section 9.04 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 23 Section 9.05 Appointment of Co-Trustee or Separate Owner Trustee 26 23 ARTICLE XI X MISCELLANEOUS SECTION 11.01 Section 10.01 Supplements and Amendments 27 SECTION 11.02 25 Section 10.02 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Beneficiary 26 Section 10.03 Limitations on Rights of Others 28 SECTION 11.04 26 Section 10.04 Notices 28 SECTION 11.05 26 Section 10.05 Severability 29 SECTION 11.06 26 Section 10.06 Separate Counterparts 29 SECTION 11.07 27 Section 10.07 Successors and Assigns 29 SECTION 11.08 Covenant 27 Section 10.08 Nonpetition Covenants 27 Section 10.09 No Recourse 27 Section 10.10 Headings 27 Section 10.11 GOVERNING LAW 27 Section 10.12 Acceptance of Terms of Agreement 28 Section 10.13 Integration of Documents 28 ARTICLE XI REGULATION AB Section 11.01 Intent 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 Parties; Reasonableness. 28 Section 11.02 Information to Be Provided by the Owner Trustee. 28 EXHIBITS EXHIBIT A Form B Certificate of Amendment to Certificate A-1 of Trust of Bank One Issuance Trust X-0 XXXXXXX X Xxxx xx Xxxxxxxxxx Request Certificate C-1 This CHASE ISSUANCE TRUST AGREEMENT, dated as of July 24, 2018, FOURTH AMENDED AND RESTATED TRUST AGREEMENT (this “Agreement”) by and between Xxxx Deere Receivables, Inc.CHASE CARD FUNDING LLC (“Chase Card Funding”), a Nevada Delaware limited liability company, as Transferor (the “Transferor”) and Beneficiary (the “Beneficiary”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee (the “Owner Trustee”), is made and entered into as of January 20, 2016.
Appears in 1 contract
Actions by Owner Trustee. SECTION 4.01 Section 5.01. Prior Notice to Owner the Certificateholders with Respect to Certain Matters 10 SECTION 4.02 18 Section 5.02. Action by the Owner with Respect to Certain Matters 11 SECTION 4.03 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 20 Section 5.03. Restrictions on the Owner’s Certificateholders’ Power 11 20 Section 5.04. Majority Control 20 ARTICLE V APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; 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 Section 6.01. Federal Income Tax Provisions. 21 Section 6.02. Withholding Taxes 21 Section 6.03. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 21 ARTICLE VI VII AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 7.01. General Authority 14 SECTION 6.02 22 Section 7.02. General Duties 14 SECTION 6.03 23 Section 7.03. Action upon Instruction 14 SECTION 6.04 24 Section 7.04. No Duties Except as Specified in This Agreement this Agreement, the Basic Documents or in Instructions 15 SECTION 6.05 any Instructions. 25 Section 7.05. No Action Except Under under Specified Documents or Instructions 16 SECTION 6.06 25 Section 7.06. Restrictions 16 25 ARTICLE VII VIII CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 8.01. Acceptance of Trusts and Duties 16 SECTION 7.02 26 Section 8.02. Furnishing of Documents 19 SECTION 7.03 27 Section 8.03. Representations and Warranties 20 SECTION 7.04 of the Owner Trustee 27 Section 8.04. Reliance; Advice of Counsel 20 SECTION 7.05 28 Section 8.05. Not Acting in Individual Capacity 20 SECTION 7.06 29 Section 8.06. Owner Trustee Not Liable for Certificate the Certificates or Receivables 21 SECTION 7.07 Mortgage Loans 29 Section 8.07. Owner Trustee May Own Notes 21 29 Section 8.08. Licenses 29 ARTICLE VIII IX COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 9.01. Owner Trustee’s Fees and Expenses 21 SECTION 8.02 30 Section 9.02. Indemnification 21 SECTION 8.03 30 Section 9.03. Payments to the Owner Trustee 22 30 ARTICLE IX X TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 10.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 31 ARTICLE X XI SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 11.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 32 Section 11.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 32 Section 11.03. Successor Owner Trustee 25 SECTION 10.04 33 Section 11.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 33 Section 11.05. Appointment of Co-Trustee or Separate Trustee 26 Trustee. 34 ARTICLE XI XII MISCELLANEOUS SECTION 11.01 Section 12.01. Supplements and Amendments 27 SECTION 11.02 35 Section 12.02. No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Certificateholders 36 Section 12.03. Limitations on Rights of Others 28 SECTION 11.04 36 Section 12.04. Notices 28 SECTION 11.05 36 Section 12.05. Severability 29 SECTION 11.06 37 Section 12.06. Separate Counterparts 29 SECTION 11.07 37 Section 12.07. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 37 Section 12.08. No Petition 30 SECTION 11.10 37 Section 12.09. No Recourse 30 SECTION 11.11 37 Section 12.10. Headings 30 SECTION 11.12 37 Section 12.11. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT 37 Section 12.12. [Intentionally Omitted.] 38 Section 12.13. Third-Party Beneficiaries 38 Section 12.14. [Intentionally Omitted.] 38 Section 12.15. Master Servicer 38 EXHIBITS Exhibit A Form of Trust Certificate A-1 Exhibit B Form of Certificate of Trust Exhibit C Form of Investment Letter Exhibit D Form of Transferor Certificate This AMENDED AND RESTATED TRUST AGREEMENT, dated as of July 24August 26, 20182004, between Xxxx Deere Receivablesis among ACCREDITED HOME LENDERS, Inc.INC., as sponsor (the “Sponsor”), ACCREDITED MORTGAGE LOAN REIT TRUST, a Nevada corporationMaryland real estate investment trust, as Depositorseller (the “Seller”) and U.S. BANK TRUST NATIONAL ASSOCIATION, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association association, as owner trustee (the “Owner Trustee”).
Appears in 1 contract
Samples: Trust Agreement (Accredited Mortgage Loan Trust 2004-3)
Actions by Owner Trustee. SECTION 4.01 Section 4.01. Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 13 Section 4.02. Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 13 Section 4.03. Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 13 Section 4.04. Restrictions on the Owner’s Certificateholders’ Power 11 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE V FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Trust Account 12 SECTION 5.02 Section 5.01. Application of Trust Funds 12 SECTION 5.03 15 Section 5.02. Method of Payment 13 SECTION 5.04 15 Section 5.03. No Segregation of Monies; No Interest 13 SECTION 5.05 16 Section 5.04. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service IRS and Others 13 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE VI SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 6.01. General Authority 14 SECTION 6.02 18 Section 6.02. General Duties 14 SECTION 6.03 18 Section 6.03. Action upon Upon Instruction 14 SECTION 6.04 18 Section 6.04. No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 19 Section 6.05. No Action Except Under Specified Documents or Instructions 16 SECTION 6.06 19 Section 6.06. Restrictions 16 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE VII CONCERNING SEVEN THE OWNER TRUSTEE SECTION 7.01 Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 21 Section 7.02. Furnishing of Documents 19 SECTION 7.03 22 Section 7.03. Representations and Warranties 20 SECTION 7.04 22 Section 7.04. Reliance; Advice of Counsel 20 SECTION 7.05 23 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 23 Section 7.06. Owner Trustee Not Liable for Certificate Basic Documents or Receivables 21 SECTION 7.07 Certificates 23 Section 7.07. Owner Trustee May Own Notes 21 Securities 24 Page ARTICLE VIII EIGHT COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE SECTION 8.01 Section 8.01. Owner Trustee’s Fees and Expenses 21 SECTION 8.02 25 Section 8.02. Indemnification 21 SECTION 8.03 25 Section 8.03. Payments to the Owner Trustee 22 25 ARTICLE IX NINE TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 26 ARTICLE X TEN SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 28 Section 10.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 28 Section 10.03. Successor Owner Trustee 25 SECTION 10.04 29 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 29 Section 10.05. Appointment of Co-Trustee or Separate Trustee 26 30 ARTICLE XI ELEVEN REGULATION AB Section 11.01. Intent of the Parties; Reasonableness 32 Section 11.02. Representations and Warranties 32 Section 11.03. Information to Be Provided by the Owner Trustee 32 ARTICLE TWELVE MISCELLANEOUS SECTION 11.01 Section 12.01. Supplements and Amendments 27 SECTION 11.02 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 34 Section 12.02. Limitations on Rights of Others 28 SECTION 11.04 35 Section 12.03. Notices 28 SECTION 11.05 35 Section 12.04. Severability 29 SECTION 11.06 Separate 36 Section 12.05. Counterparts 29 SECTION 11.07 36 Section 12.06. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 36 Section 12.07. No Petition 30 SECTION 11.10 No Recourse 30 SECTION 11.11 36 Section 12.08. Table of Contents and Headings 30 SECTION 11.12 36 Page Section 12.09. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT 36 EXHIBITS Exhibit A – Form of Certificate A-1 Exhibit B – Form of Certificate of Trust B-1 Exhibit C – Form of Repurchase Request Notice C-1 This AMENDED AND RESTATED TRUST AGREEMENT, dated as of July 241, 20182015 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is between Xxxx Deere Receivables, Inc.DAIMLER RETAIL RECEIVABLES LLC, a Nevada corporationDelaware limited liability company, as depositor (the “Depositor”), and Xxxxx Fargo Delaware Trust CompanyWILMINGTON TRUST, N.A. NATIONAL ASSOCIATION, a national banking association association, as trustee (the “Owner Trustee”).
Appears in 1 contract
Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2015-1)
Actions by Owner Trustee. SECTION 4.01 19 Section 4.1 Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 19 Section 4.2 Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 19 Section 4.3 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 20 Section 4.4 Restrictions on the Owner’s Certificateholders’ Power 11 20 Section 4.5 Majority Control 20 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 20 CRVNA 2024-P3 Trust Agreement TABLE OF CONTENTS (continued) Page Section 5.1 Establishment of Trust Certificate Distribution Account 12 SECTION 5.02 20 Section 5.2 Application of Trust Funds 12 SECTION 5.03 21 Section 5.3 Method of Payment 13 SECTION 5.04 No Segregation of Monies; No Interest 13 SECTION 5.05 22 Section 5.4 Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 22 Section 5.5 Tax Returns; Other Tax Matters 22 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 23 Section 6.1 Duties of Owner Trustee 23 Section 6.2 Rights of Owner Trustee 24 Section 6.3 Acceptance of Trusts and Duties 16 SECTION 7.02 24 Section 6.4 Action upon Instruction by Certificateholders 28 Section 6.5 Furnishing of Documents 19 SECTION 7.03 29 Section 6.6 Representations and Warranties 20 SECTION 7.04 of Owner Trustee 29 Section 6.7 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 30 Section 6.8 Owner Trustee May Own Certificates and Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner Trustee’s Fees 31 Section 6.9 Compensation 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 Indemnity 31 Section 6.10 Replacement of Owner Trustee 24 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 32 Section 6.11 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 33 Section 6.12 Appointment of Co-Trustee or Separate Trustee 26 33 Section 6.13 Eligibility Requirements for Owner Trustee 34 ARTICLE XI VII TERMINATION OF TRUST AGREEMENT 35 Section 7.1 Termination of Trust Agreement 35 ARTICLE VIII MISCELLANEOUS SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 36 Section 8.1 Amendment 36 Section 8.2 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 38 Section 8.3 Limitations on Rights of Others 28 SECTION 11.04 38 Section 8.4 Derivative Actions 38 Section 8.5 Notices 28 SECTION 11.05 38 Section 8.6 Severability 29 SECTION 11.06 Separate Counterparts 29 SECTION 11.07 of Provisions 38 Section 8.7 Counterparts; Electronic Signatures 39 Section 8.8 Successors and Assigns 29 SECTION 11.08 39 Section 8.9 Nonpetition Covenant of the Depositor 29 SECTION 11.09 No Petition 30 SECTION 11.10 39 Section 8.10 No Recourse 30 SECTION 11.11 40 Section 8.11 Entire Agreement 40 Section 8.12 Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER 40 Section 8.13 Governing Law 40 Section 8.14 Submission to Jurisdiction; Waiver of Jury Trial 41 Section 8.15 Effect of Amendment and Restatement 41 CRVNA 2024-P3 Trust Agreement TABLE OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 CONTENTS (continued) Page Section 8.16 Information to be Provided by the Owner Trustee 41 Section 8.17 Electronic Means 43 EXHIBIT A Form of Certificate A-1 FORM OF [REGULATION S GLOBAL] [RULE 144A GLOBAL] CERTIFICATE EXHIBIT B FORM OF UNDERTAKING LETTER CRVNA 2024-P3 Trust Agreement This AMENDED AND RESTATED TRUST AGREEMENT, dated as of July 24September 17, 20182024 (this “Agreement”), is between Xxxx Deere Receivables, Inc.CARVANA RECEIVABLES DEPOSITOR LLC, a Nevada Delaware limited liability company, in its capacity as a depositor (the “Depositor”), and BNY MELLON TRUST OF DELAWARE, a Delaware banking corporation, as Depositor, trustee and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as not in its individual capacity (the “Owner Trustee”).
Appears in 1 contract
Samples: Trust Agreement (Carvana Auto Receivables Trust 2024-P3)
Actions by Owner Trustee. SECTION 4.01 18 Section 4.1 Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 18 Section 4.2 Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 19 Section 4.3 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 19 Section 4.4 Restrictions on the Owner’s Certificateholders’ Power 11 19 Section 4.5 Majority Control 19 TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 19 Section 5.1 Establishment of Trust Certificate Distribution Account 12 SECTION 5.02 19 Section 5.2 Application of Trust Funds 12 SECTION 5.03 20 Section 5.3 Method of Payment 13 SECTION 5.04 No Segregation of Monies; No Interest 13 SECTION 5.05 21 Section 5.4 Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 21 Section 5.5 Signature on Returns; Other Tax Matters 22 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 22 Section 6.1 Duties of Owner Trustee 22 Section 6.2 Rights of Owner Trustee 23 Section 6.3 Acceptance of Trusts and Duties 16 SECTION 7.02 23 Section 6.4 Action upon Instruction by Certificateholders 25 Section 6.5 Furnishing of Documents 19 SECTION 7.03 26 Section 6.6 Representations and Warranties 20 SECTION 7.04 of Owner Trustee 26 Section 6.7 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 27 Section 6.8 Owner Trustee May Own Certificates and Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner Trustee’s Fees 27 Section 6.9 Compensation 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 Indemnity 28 Section 6.10 Replacement of Owner Trustee 24 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 28 Section 6.11 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 29 Section 6.12 Appointment of Co-Trustee or Separate Trustee 26 29 Section 6.13 Eligibility Requirements for Owner Trustee 31 Section 6.14 [Compliance with the FDIC Rule 31 Section 6.15 Notice of Events of Default 31 ARTICLE XI VII TERMINATION OF TRUST AGREEMENT 31 Section 7.1 Termination of Trust Agreement 31 ARTICLE VIII AMENDMENTS 33 Section 8.1 Amendments Without Consent of Certificateholders or Noteholders 33 Section 8.2 Amendments With Consent of Certificateholders and Noteholders 33 Section 8.3 Form of Amendments 34 ARTICLE IX MISCELLANEOUS SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 34 Section 9.1 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 34 Section 9.2 Limitations on Rights of Others 28 SECTION 11.04 34 Section 9.3 Derivative Actions 35 Section 9.4 Notices 28 SECTION 11.05 35 Section 9.5 Severability 29 SECTION 11.06 Separate 35 Section 9.6 Counterparts 29 SECTION 11.07 35 TABLE OF CONTENTS (continued) Page Section 9.7 Successors and Assigns 29 SECTION 11.08 Covenant 35 Section 9.8 No Petition 35 Section 9.9 No Recourse 36 Section 9.10 Headings 36 Section 9.11 Governing Law 36 Section 9.12 Indemnification by and Reimbursement 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 Servicer 37 Section 9.13 Effect of Amendment and Restatement 37 Section 9.14 Information to be Provided by the Owner Trustee 37 Section 9.15 Foreign Certificateholder Voting Restriction 39 EXHIBIT A Form of Certificate A-1 EXHIBIT B Certificate of Trust EXHIBIT C Form of Undertaking Letter TRUST AGREEMENT, dated as of July 24[ ], 201820 , is between Xxxx Deere Receivables, Inc.ALLY AUTO ASSETS LLC, a Nevada corporationDelaware limited liability company, in its capacity as a depositor (the “Depositor”), and [ ], a Delaware [ ], as Depositortrustee and not in its individual capacity (the “Owner Trustee”), and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trusteepaying agent.
Appears in 1 contract
Actions by Owner Trustee. SECTION 4.01 Section 5.01. Prior Notice to Owner Beneficiary and Transferor 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 14 Section 5.02. 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 15 ARTICLE VI AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 General Authority 14 SECTION 6.02 General Duties 14 SECTION 6.03 Section 6.01. Action upon Instruction 14 SECTION 6.04 Upon Instructions 15 Section 6.02. No Duty to Act Under Certain Circumstances 16 Section 6.03. No Duties Except as Specified in This Agreement or in Instructions 15 SECTION 6.05 No Action Except Under Specified Documents Agreements or Instructions 16 SECTION 6.06 Restrictions 16 Section 6.04. Trust Operation 17 Section 6.05. Execution of Documents 18 ARTICLE VII CONCERNING THE OWNER TRUSTEE SECTION 7.01 BANK Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 18 Section 7.02. Furnishing of Documents 19 SECTION 7.03 Section 7.03. Representations and Warranties 20 SECTION 7.04 19 Section 7.04. Reliance; Advice of Counsel 20 SECTION 7.05 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 Owner Section 7.06. No Representations and Warranties as to the Trust Estate 21 Section 7.07. Signature of Returns 21 Section 7.08. Trustee Not Liable for Certificate or Receivables 21 SECTION 7.07 Owner Trustee Bank May Own Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner TrusteeBANK AND INDEMNIFICATION Section 8.01. Trustee Bank’s Fees and Expenses 21 SECTION 8.02 Section 8.02. Indemnification 21 SECTION 8.03 Section 8.03. Payments to the Owner Trustee 22 ARTICLE IX TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 TABLE OF CONTENTS (continued) Page ARTICLE X SUCCESSOR OWNER TRUSTEES, CO-TRUSTEES AND ADDITIONAL SEPARATE OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 23 Section 10.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 23 Section 10.03. Successor Owner Trustee 25 SECTION 10.04 24 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 24 Section 10.05. Appointment of Co-Trustee or Separate Owner Trustee 26 25 ARTICLE XI MISCELLANEOUS SECTION 11.01 Section 11.01. Supplements and Amendments 27 SECTION 11.02 26 Section 11.02. No Legal Title to Owner Trust Estate in the Owner Beneficiary 28 SECTION 11.03 Section 11.03. Limitations on Rights of Others 28 SECTION 11.04 Section 11.04. Notices 28 SECTION 11.05 Section 11.05. Severability 29 SECTION 11.06 28 Section 11.06. Separate Counterparts 29 SECTION 11.07 28 Section 11.07. Successors and Assigns 28 Section 11.08. Nonpetition Covenants 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 No Petition 30 SECTION 11.10 Section 11.09. No Recourse 30 SECTION 11.11 29 Section 11.10. Headings 30 SECTION 11.12 29 Section 11.11. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form 29 Section 11.12. Acceptance of Certificate A-1 TRUST AGREEMENT, dated as Terms of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.Agreement 29 Section 11.13. Integration of Documents 29 ARTICLE XII
Appears in 1 contract
Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC)
Actions by Owner Trustee. SECTION 4.01 18 Section 4.1 Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 18 Section 4.2 Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 19 Section 4.3 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 19 Section 4.4 Restrictions on the Owner’s Certificateholders’ Power 11 19 Section 4.5 Majority Control 19 TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 20 Section 5.1 Establishment of Trust Certificate Distribution Account 12 SECTION 5.02 20 Section 5.2 Application of Trust Funds 12 SECTION 5.03 20 Section 5.3 Method of Payment 13 SECTION 5.04 No Segregation of Monies; No Interest 13 SECTION 5.05 21 Section 5.4 Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 22 Section 5.5 Signature on Returns; Other Tax Matters 22 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 22 Section 6.1 Duties of Owner Trustee 22 Section 6.2 Rights of Owner Trustee 23 Section 6.3 Acceptance of Trusts and Duties 16 SECTION 7.02 24 Section 6.4 Action upon Instruction by Certificateholders 26 Section 6.5 Furnishing of Documents 19 SECTION 7.03 27 Section 6.6 Representations and Warranties 20 SECTION 7.04 of Owner Trustee 27 Section 6.7 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 27 Section 6.8 Owner Trustee May Own Certificates and Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner Trustee’s Fees 28 Section 6.9 Compensation 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 Indemnity 28 Section 6.10 Replacement of Owner Trustee 24 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 28 Section 6.11 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 30 Section 6.12 Appointment of Co-Trustee or Separate Trustee 26 30 Section 6.13 Eligibility Requirements for Owner Trustee 31 Section 6.14 [Compliance with the FDIC Rule] 31 Section 6.15 Notice of Events of Default 32 ARTICLE XI VII TERMINATION OF TRUST AGREEMENT 32 Section 7.1 Termination of Trust Agreement 32 ARTICLE VIII AMENDMENTS 33 Section 8.1 Amendments Without Consent of Certificateholders or Noteholders 33 Section 8.2 Amendments With Consent of Certificateholders and Noteholders 33 Section 8.3 Form of Amendments 34 ARTICLE IX MISCELLANEOUS SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 35 Section 9.1 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 35 Section 9.2 Limitations on Rights of Others 28 SECTION 11.04 35 Section 9.3 Derivative Actions 35 Section 9.4 Notices 28 SECTION 11.05 35 Section 9.5 Severability 29 SECTION 11.06 Separate 35 Section 9.6 Counterparts 29 SECTION 11.07 36 TABLE OF CONTENTS (continued) Page Section 9.7 Successors and Assigns 29 SECTION 11.08 Covenant 36 Section 9.8 No Petition 36 Section 9.9 No Recourse 36 Section 9.10 Headings 37 Section 9.11 Governing Law 37 Section 9.12 Indemnification by and Reimbursement 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 Servicer 37 Section 9.13 Effect of Amendment and Restatement 37 Section 9.14 Information to be Provided by the Owner Trustee 37 Section 9.15 Foreign Certificateholder Voting Restriction 39 EXHIBIT A Form of [Temporary Regulation S Global] [Permanent Regulation S Global] [Rule 144A Global] Certificate A-1 EXHIBIT B Certificate of Trust of Ally Auto Receivables Trust 20 - EXHIBIT C Form of Undertaking Letter TRUST AGREEMENT, dated as of July 24[ ], 201820 , is between Xxxx Deere Receivables, Inc.ALLY AUTO ASSETS LLC, a Nevada corporationDelaware limited liability company, in its capacity as a depositor (the “Depositor”), and [ ], a Delaware [ ], as Depositortrustee and not in its individual capacity (the “Owner Trustee”), and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trusteepaying agent.
Appears in 1 contract
Actions by Owner Trustee. 10 SECTION 4.01 4.1 Prior Notice to Owner Certificateholders with Respect to Certain Matters 10 SECTION 4.02 4.2 Action by the Owner Certificateholders with Respect to Certain Matters 11 SECTION 4.03 4.3 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 4.4 Restrictions on the Owner’s Certificateholders' Power 11 SECTION 4.5 Majority Control 11 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 12 Page SECTION 5.01 5.1 Establishment of Trust Certificate Distribution Account 12 SECTION 5.02 5.2 Application of Trust Funds 12 SECTION 5.03 5.3 Method of Payment 13 SECTION 5.04 No Segregation of Monies; No Interest 13 SECTION 5.05 5.4 Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 SECTION 5.5 Signature on Returns; Tax Matters Partner 14 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 14 SECTION 7.01 6.1 Duties of Owner Trustee 14 SECTION 6.2 Rights of Owner Trustee 15 SECTION 6.3 Acceptance of Trusts and Duties 16 15 SECTION 7.02 6.4 Action upon Instruction by Certificateholders 17 SECTION 6.5 Furnishing of Documents 19 18 SECTION 7.03 6.6 Representations and Warranties 20 of Owner Trustee 18 SECTION 7.04 6.7 Reliance; Advice of Counsel 20 19 SECTION 7.05 Not Acting in Individual Capacity 20 SECTION 7.06 Owner Trustee Not Liable for Certificate or Receivables 21 SECTION 7.07 6.8 Owner Trustee May Own Certificates and Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE 19 SECTION 8.01 Owner Trustee’s Fees 6.9 Compensation and Expenses 21 Indemnity 19 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 6.10 Replacement of Owner Trustee 24 20 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 6.11 Merger or Consolidation of Owner Trustee 25 21 SECTION 10.05 6.12 Appointment of Co-Trustee or Separate Trustee 21 SECTION 6.13 Eligibility Requirements for Owner Trustee 22 ARTICLE VII TERMINATION OF TRUST AGREEMENT 22 SECTION 7.1 Termination of Trust Agreement 22 ARTICLE VIII AMENDMENTS 24 SECTION 8.1 Amendments Without Consent of Securityholders 24 SECTION 8.2 Amendments With Consent of Certificateholders and Noteholders 25 SECTION 8.3 Form of Amendments 26 ARTICLE XI IX MISCELLANEOUS 26 SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 9.1 No Legal Title to Owner Trust Estate in the Owner 28 26 SECTION 11.03 9.2 Limitations on Rights of Others 28 26 SECTION 11.04 9.3 Derivative Actions 27 SECTION 9.4 Notices 28 27 SECTION 11.05 9.5 Severability 29 of Provisions 27 SECTION 11.06 Separate 9.6 Counterparts 29 27 SECTION 11.07 9.7 Successors and Assigns 27 SECTION 9.8 No Petition Covenants 27 SECTION 9.9 No Recourse 28 SECTION 9.10 Headings 28 SECTION 9.11 Governing Law 28 SECTION 9.12 Certificate Transfer Restrictions 29 SECTION 11.08 Covenant 9.13 Indemnification by and Reimbursement of the Depositor 29 SECTION 11.09 No Petition Servicer 30 SECTION 11.10 No Recourse ARTICLE X COMPLIANCE WITH REGULATION AB 30 SECTION 11.11 Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.Page
Appears in 1 contract
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)
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 11 SECTION 5.02 Application of Trust Funds 12 SECTION 5.03 Method of Payment 13 12 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 15 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 19 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 20 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 23 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 25 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 28 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 29 SECTION 11.10 No Recourse 30 29 SECTION 11.11 Headings 30 SECTION 11.12 GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 EXHIBIT B Certificate of Trust of Xxxx Deere Owner Trust 20[ ] B-1 TRUST AGREEMENT, dated as of July 24[ ], 201820[ ], between Xxxx Deere Receivables, Inc.Receivables LLC, a Nevada corporationlimited liability company, as Depositor, and Xxxxx Fargo Delaware Trust Company[ ], N.A. a national banking association [ ], as Owner Trustee.
Appears in 1 contract
Actions by Owner Trustee. SECTION 4.01 4.1 Prior Notice to Owner Trust Certificateholder with Respect to Certain Matters 10 SECTION 4.02 4.2 Action by the Owner Trust Certificateholder with Respect to Certain Matters 11 SECTION 4.03 4.3 Action by the Owner Holders with Respect to Bankruptcy 11 SECTION 4.04 4.4 Restrictions on the Owner’s Owner Trust Certificateholder'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 [Reserved] 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 [Reserved] ARTICLE VII CONCERNING THE OWNER TRUSTEE SECTION 7.01 7.1 Duties of Owner Trustee 11 7.2 Rights of Owner Trustee 12 7.3 Acceptance of Trusts and Duties 16 SECTION 7.02 13 7.4 Action upon Instruction by Owner Trust Certificateholder 14 7.5 Furnishing of Documents 19 SECTION 7.03 Documents; Notices 15 7.6 Representations and Warranties 20 SECTION 7.04 of Owner Trustee 15 7.7 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 16 7.8 Owner Trustee May Own Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner Trustee’s Fees 17 7.9 Compensation 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 Indemnity 17 7.10 Replacement of Owner Trustee 24 SECTION 10.03 Successor Owner Trustee 25 SECTION 10.04 17 7.11 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 19 7.12 Appointment of Co-Trustee or Separate Trustee 26 19 7.13 Eligibility Requirements for Owner Trustee 20 7.14 Enforcement of Facility Documents.20 ARTICLE VIII [Reserved] ARTICLE IX TERMINATION OF TRUST AGREEMENT 9.1 Termination of Trust Agreement21 ARTICLE X AMENDMENTS 10.1 Amendments without consent of, Owner Trust Certificateholder 22 10.2 Amendments with consent of, Owner Trust Certificateholder 22 10.3 Withdrawal or Downgrading of Rating 22 10.4 Amendments to Other Facility Documents 22 ARTICLE XI MISCELLANEOUS SECTION 11.01 Supplements and Amendments 27 SECTION 11.02 11.1 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 23 11.2 Limitations on Rights of Others 28 SECTION 11.04 23 11.3 Notices 28 SECTION 11.05 23 11.4 Severability 29 SECTION 11.06 Separate 23 11.5 Counterparts 29 SECTION 11.07 23 11.6 Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 24 11.7 No Petition 30 SECTION Covenant 24 11.8 Headings 24 11.9 Waiver of Jury Trial 24 11.10 No Recourse 30 SECTION Governing Law24 11.11 Headings 30 SECTION [Reserved] 24 11.12 GOVERNING LAW 30 SECTION [Reserved] 24 11.13 WAIVER OF JURY TRIAL 30 SECTION Non-recourse 24 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form of Certificate A-1 TRUST AGREEMENT, dated as of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.25 _______________________________ 1FOOTER B CONTAINS FILENAME ONLY
Appears in 1 contract
Actions by Owner Trustee. SECTION Section 4.01 Prior Notice to Owner Beneficiary and Transferor with Respect to Certain Matters 10 SECTION 13 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 13 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 Section 5.01 General Authority 14 SECTION 6.02 Section 5.02 General Duties 14 SECTION 6.03 Section 5.03 Action upon Upon Instruction 14 SECTION 6.04 Section 5.04 No Duties Except as Specified in This this Agreement or in Instructions 15 SECTION 6.05 Section 5.05 No Action Except Under under Specified Documents or Instructions 16 SECTION 6.06 Section 5.06 Owner Trust Operation 16 Section 5.07 Restrictions 16 17 ARTICLE VII VI CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 6.01 Acceptance of Trusts and Duties 16 SECTION 7.02 17 Section 6.02 Furnishing of Documents 19 SECTION 7.03 Section 6.03 Representations and Warranties 20 SECTION 7.04 19 Section 6.04 Reliance; Advice of Counsel 20 SECTION 7.05 19 Section 6.05 Not Acting in Individual Capacity 20 SECTION 7.06 Section 6.06 Owner Trustee Not Liable for Certificate Notes or Receivables 21 SECTION 7.07 Collateral 20 Section 6.07 Owner Trustee May Own Notes 21 ARTICLE VIII VII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 7.01 Owner Trustee’s Fees and Expenses 21 SECTION 8.02 Section 7.02 Indemnification 21 SECTION 8.03 Section 7.03 Payments to the Owner Trustee 22 ARTICLE IX VIII TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 8.01 Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 ARTICLE X IX SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 9.01 Eligibility Requirements for Owner Trustee 24 SECTION 10.02 22 Section 9.02 Resignation or Removal of Owner Trustee 24 SECTION 10.03 23 Section 9.03 Successor Owner Trustee 25 SECTION 10.04 24 Section 9.04 Merger or Consolidation of Owner Trustee 25 SECTION 10.05 24 Section 9.05 Appointment of Co-Trustee or Separate Owner Trustee 26 24 ARTICLE XI X MISCELLANEOUS SECTION 11.01 Section 10.01 Supplements and Amendments 27 SECTION 11.02 26 Section 10.02 No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Beneficiary 27 Section 10.03 Limitations on Rights of Others 27 Section 10.04 Notices 27 Section 10.05 Severability 28 SECTION 11.04 Notices 28 SECTION 11.05 Severability 29 SECTION 11.06 Section 10.06 Separate Counterparts 29 SECTION 11.07 28 Section 10.07 Successors and Assigns 28 Section 10.08 Nonpetition Covenants 28 Section 10.09 No Recourse 28 Section 10.10 Headings 29 SECTION 11.08 Covenant Section 10.11 GOVERNING LAW 29 Section 10.12 Acceptance of Terms of Agreement 29 Section 10.13 Integration of Documents 29 ARTICLE XI REGULATION AB Section 11.01 Intent of the Depositor Parties; Reasonableness. 29 SECTION 11.09 No Petition Section 11.02 Information to Be Provided by the Owner Trustee. 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 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBITS EXHIBIT A Form B Certificate of Amendment to Certificate A-1 of Trust of Bank One Issuance Trust X-0 XXXXXXX X Xxxx xx Xxxxxxxxxx Request Certificate C-1 This CHASE ISSUANCE TRUST AGREEMENT, dated as of July 24, 2018, FOURTH AMENDED AND RESTATED TRUST AGREEMENT (this “Agreement”) by and between Xxxx Deere Receivables, Inc.CHASE CARD FUNDING LLC (“Chase Card Funding”), a Nevada Delaware limited liability company, as Transferor (the “Transferor”) and Beneficiary (the “Beneficiary”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee (the “Owner Trustee”), is made and entered into as of [ ], 2016.
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Actions by Owner Trustee. SECTION 4.01 Section 5.01. Prior Notice to Owner Beneficiary and Transferor 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 14 Section 5.02. 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 15 ARTICLE VI AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 General Authority 14 SECTION 6.02 General Duties 14 SECTION 6.03 Section 6.01. Action upon Instruction 14 SECTION 6.04 Upon Instructions 15 Section 6.02. No Duty to Act Under Certain Circumstances 16 Section 6.03. No Duties Except as Specified in This Agreement or in Instructions 15 SECTION 6.05 No Action Except Under Specified Documents Agreements or Instructions 16 SECTION 6.06 Restrictions 16 Section 6.04. Trust Operation 17 Section 6.05. Execution of Documents 18 ARTICLE VII CONCERNING THE OWNER TRUSTEE SECTION 7.01 BANK Section 7.01. Acceptance of Trusts and Duties 16 SECTION 7.02 18 Section 7.02. Furnishing of Documents 19 SECTION 7.03 Section 7.03. Representations and Warranties 20 SECTION 7.04 19 Section 7.04. Reliance; Advice of Counsel 20 SECTION 7.05 Section 7.05. Not Acting in Individual Capacity 20 SECTION 7.06 Owner Section 7.06. No Representations and Warranties as to the Trust Estate 21 Section 7.07. Signature of Returns 21 Section 7.08. Trustee Not Liable for Certificate or Receivables 21 SECTION 7.07 Owner Trustee Bank May Own Notes 21 ARTICLE VIII COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Owner TrusteeBANK AND INDEMNIFICATION Section 8.01. Trustee Bank’s Fees and Expenses 21 SECTION 8.02 Section 8.02. Indemnification 21 SECTION 8.03 Section 8.03. Payments to the Owner Trustee 22 ARTICLE IX TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 9.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 TABLE OF CONTENTS (continued) Page ARTICLE X SUCCESSOR OWNER TRUSTEES, CO-TRUSTEES AND ADDITIONAL SEPARATE OWNER TRUSTEES SECTION 10.01 Section 10.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 22 Section 10.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 23 Section 10.03. Successor Owner Trustee 25 SECTION 10.04 24 Section 10.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 24 Section 10.05. Appointment of Co-Trustee or Separate Owner Trustee 26 24 ARTICLE XI MISCELLANEOUS SECTION 11.01 Section 11.01. Supplements and Amendments 27 SECTION 11.02 26 Section 11.02. No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Beneficiary 27 Section 11.03. Limitations on Rights of Others 28 SECTION 11.04 Section 11.04. Notices 28 SECTION 11.05 Section 11.05. Severability 29 SECTION 11.06 28 Section 11.06. Separate Counterparts 29 SECTION 11.07 28 Section 11.07. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 No Petition 30 SECTION 11.10 28 Section 11.08. Nonpetition Covenants 28 Section 11.09. No Recourse 30 SECTION 11.11 29 Section 11.10. Headings 30 SECTION 11.12 29 Section 11.11. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT A Form 29 Section 11.12. Acceptance of Certificate A-1 TRUST AGREEMENT, dated as Terms of July 24, 2018, between Xxxx Deere Receivables, Inc., a Nevada corporation, as Depositor, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association as Owner Trustee.Agreement 29 Section 11.13. Integration of Documents 29 ARTICLE XII
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Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC)
Actions by Owner Trustee. SECTION 4.01 Section 5.01. Prior Notice to Owner the Certificateholders with Respect to Certain Matters 10 SECTION 4.02 17 Section 5.02. Action by the Owner with Respect to Certain Matters 11 SECTION 4.03 Action by the Owner Certificateholders with Respect to Bankruptcy 11 SECTION 4.04 18 Section 5.03. Restrictions on the Owner’s Certificateholders’ Power 11 19 Section 5.04. Majority Control 19 ARTICLE V APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; 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 Section 6.01. Federal Income Tax Provisions 19 Section 6.02. Withholding Taxes 19 Section 6.03. Accounting and Reports to the OwnerCertificateholders, the Internal Revenue Service and Others 13 20 ARTICLE VI VII AUTHORITY AND DUTIES OF OWNER TRUSTEE SECTION 6.01 Section 7.01. General Authority 14 SECTION 6.02 20 Section 7.02. General Duties 14 SECTION 6.03 21 Section 7.03. Action upon Instruction 14 SECTION 6.04 22 Section 7.04. No Duties Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions 15 SECTION 6.05 23 Section 7.05. No Action Except Under under Specified Documents or Instructions 16 SECTION 6.06 23 Section 7.06. Restrictions 16 23 ARTICLE VII VIII CONCERNING THE OWNER TRUSTEE SECTION 7.01 Section 8.01. Acceptance of Trusts and Duties 16 SECTION 7.02 24 Section 8.02. Furnishing of Documents 19 SECTION 7.03 25 Section 8.03. Representations and Warranties 20 SECTION 7.04 of the Owner Trustee 25 Section 8.04. Reliance; Advice of Counsel 20 SECTION 7.05 26 Section 8.05. Not Acting in Individual Capacity 20 SECTION 7.06 27 Section 8.06. Owner Trustee Not Liable for Certificate the Certificates or Receivables 21 SECTION 7.07 Mortgage Loans 27 Section 8.07. Owner Trustee May Own Notes 21 27 Section 8.08. Licenses 28 ARTICLE VIII IX COMPENSATION OF OWNER TRUSTEE SECTION 8.01 Section 9.01. Owner Trustee’s Fees and Expenses 21 SECTION 8.02 28 Section 9.02. Indemnification 21 SECTION 8.03 28 Section 9.03. Payments to the Owner Trustee 22 29 ARTICLE IX X TERMINATION OF TRUST AGREEMENT SECTION 9.01 Section 10.01. Termination of Trust Agreement 22 SECTION 9.02 Dissolution upon Bankruptcy of the Depositor 23 29 ARTICLE X XI SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES SECTION 10.01 Section 11.01. Eligibility Requirements for Owner Trustee 24 SECTION 10.02 30 Section 11.02. Resignation or Removal of Owner Trustee 24 SECTION 10.03 30 Section 11.03. Successor Owner Trustee 25 SECTION 10.04 31 Section 11.04. Merger or Consolidation of Owner Trustee 25 SECTION 10.05 31 Section 11.05. Appointment of Co-Trustee or Separate Trustee 26 32 ARTICLE XI XII MISCELLANEOUS SECTION 11.01 Section 12.01. Supplements and Amendments 27 SECTION 11.02 33 Section 12.02. No Legal Title to Owner Trust Estate in the Owner 28 SECTION 11.03 Certificateholders 34 Section 12.03. Limitations on Rights of Others 28 SECTION 11.04 34 Section 12.04. Notices 28 SECTION 11.05 35 Section 12.05. Severability 29 SECTION 11.06 35 Section 12.06. Separate Counterparts 29 SECTION 11.07 35 Section 12.07. Successors and Assigns 29 SECTION 11.08 Covenant of the Depositor 29 SECTION 11.09 35 Section 12.08. No Petition 30 SECTION 11.10 35 Section 12.09. No Recourse 30 SECTION 11.11 36 Section 12.10. Headings 30 SECTION 11.12 36 Section 12.11. GOVERNING LAW 30 SECTION 11.13 WAIVER OF JURY TRIAL 30 SECTION 11.14 Depositor Payment Obligation 30 SECTION 11.15 Administrator 30 SECTION 11.16 Communication with Rating Agencies 30 SECTION 11.17 USA PATRIOT Act Compliance 31 EXHIBIT 36 Section 12.12. [Intentionally Omitted.] 36 Section 12.13. Third-Party Beneficiaries 36 Section 12.14. [Intentionally Omitted.] 36 Section 12.15. Servicer 36 EXHIBITS Exhibit A Form of Trust Certificate A-1 Exhibit B Form of Certificate of Trust Exhibit C Form of Investment Letter Exhibit D Form of Transferor Certificate This AMENDED AND RESTATED TRUST AGREEMENT, dated as of July 24May 26, 20182005, between Xxxx Deere Receivablesis among ACCREDITED HOME LENDERS, Inc.INC., as sponsor (the “Sponsor”), ACCREDITED MORTGAGE LOAN REIT TRUST, a Nevada corporationMaryland real estate investment trust, as Depositorseller (the “Seller”) and U.S. BANK TRUST NATIONAL ASSOCIATION, and Xxxxx Fargo Delaware Trust Company, N.A. a national banking association association, as owner trustee (the “Owner Trustee”).
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Samples: Trust Agreement (Accredited Mortgage Loan Trust 2005-2)