Common use of Actions under Transaction Documents and Other Series Related Documents Clause in Contracts

Actions under Transaction Documents and Other Series Related Documents. The Owner Trustee is authorized, but not obligated, to take all actions required of the Trust under the Transaction Documents and the other Series Related Documents and is authorized to take actions on behalf of the Trust, if permitted by the Transaction Documents or the other Series Related Documents, that the Servicer or the Administrator directs, except if this Agreement requires the consent of Creditors or the Certificateholders for the action. In addition, the Administrator is authorized to take actions on behalf of the Trust, if permitted by the Transaction Documents and the other Series Related Documents, according to this Agreement and the Administration Agreement.