Common use of Appointment of Owner Trustee Clause in Contracts

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 44 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2023-2)

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Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 30 contracts

Samples: Trust Agreement (Atlanticus Holdings Corp), Trust Agreement (Atlanticus Holdings Corp), Trust Agreement (Cabela's Credit Card Master Note Trust)

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 5 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A)

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 4 contracts

Samples: Trust Agreement (Ryder Truck Rental Lt), Trust Agreement (BMW Auto Leasing LLC), Trust Agreement (Ryder Funding Ii Lp)

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth hereinherein and, to the extent not inconsistent herewith, in the Business Trust Statute, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 2 contracts

Samples: Trust Agreement (Nordstrom Inc), Trust Agreement (Nordstrom Credit Inc)

Appointment of Owner Trustee. The Transferor Transferor[s] hereby appoints appoint[s] the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Auto Receivables LLC)

Appointment of Owner Trustee. The Transferor Transferors hereby appoints appoint the Owner Trustee as trustee of the Issuer Owner Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 2 contracts

Samples: Trust Agreement (Conseco Finance Credit Funding Corp), Trust Agreement (Conseco Finance Credit Card Funding Corp)

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth hereinherein and, to the extent not inconsistent herewith, in the Statutory Trust Statute, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 2 contracts

Samples: Trust Agreement (Nordstrom Inc), Note Purchase Agreement (Bon Ton Stores Inc)

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Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacitySECTION 2.5.

Appears in 1 contract

Samples: Trust Agreement

Appointment of Owner Trustee. The Transferor Transferor, at the direction of the O/C Holder, hereby appoints the Owner Trustee as trustee of the Issuer Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 1 contract

Samples: Trust Agreement (Compucredit Corp)

Appointment of Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereofIssuer, to have all the rights, powers and duties set forth herein, and the . The Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 1 contract

Samples: Master Trust Agreement (GMF Floorplan Owner Revolving Trust)

Appointment of Owner Trustee. The Transferor Transferors hereby appoints appoint the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein, and the Owner Trustee hereby accepts such appointment. All actions taken by the Owner Trustee are solely in its capacity as owner trustee, and not in an individual capacity.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Floorplan LLC)

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