Appointment of the Owner Trustee. The Depositor appoints the Owner Trustee as trustee of the Issuer effective as of the Cutoff Date, to have all the rights, powers and duties set forth in this Agreement.
Appears in 61 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-A)
Appointment of the Owner Trustee. The Depositor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the Cutoff Datedate hereof, to have all the rights, powers and duties set forth in this Agreementherein. The Owner Trustee accepts such appointment.
Appears in 25 contracts
Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-5), Trust Agreement (Drive Auto Receivables Trust 2024-2), Trust Agreement (Drive Auto Receivables Trust 2024-2)
Appointment of the Owner Trustee. The Depositor appoints the Owner Trustee as trustee of the Issuer effective as of the Cutoff Date, to have all the rights, powers and duties set forth in this Agreement.
Appears in 8 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-A)
Appointment of the Owner Trustee. The Depositor appoints Depositors appoint the Owner Trustee as trustee of the Issuer effective as of the Cutoff DateIssuer, to have all the rights, powers and duties set forth in this Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Floorplan Corp)
