Beneficial Ownership and Control of the Trust. The parties hereto agree that for purposes of Applicable Anti-Money Laundering Law, including without limitation the CTA, as applicable, (a) the Certificateholders are and shall be deemed to be the sole direct owner(s) of the Trust and (b) one or more of the Controlling Parties of the Certificateholders and the Servicer are, and shall be deemed to be, the parties with the power and authority to exercise substantial control over the Trust.
Appears in 12 contracts
Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4)
Beneficial Ownership and Control of the Trust. The parties hereto agree that for purposes of Applicable Anti-Money Laundering Law, including without limitation the CTA, as applicable, (a) the Certificateholders are and shall be deemed to be the sole direct owner(s) of the Trust and (b) one or more of the Controlling Parties of the Certificateholders and the Servicer (and not the Owner Trustee) are, and shall be deemed to be, the parties with the power and authority to exercise substantial control over the Trust.
Appears in 7 contracts
Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Trust Agreement (Afs Sensub Corp.)
