Common use of Conflicting Orders Clause in Contracts

Conflicting Orders. The 1998-C Securitization Trustee, in such capacity, has not entered into and, until termination of this 1998-C Securitization Trust Agreement, will not enter into, any agreement with any other person relating to the Reserve Fund or any financial assets credited thereto pursuant to which it has agreed to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such person. No financial asset will be registered in the name of the 1998-C Securitization Trustee, in such capacity, payable to its order, or specially endorsed to it, except to the extent such financial asset has been endorsed to the Reserve Fund Securities Intermediary or in blank.

Appears in 2 contracts

Samples: Securitization Trust Agreement (Toyota Lease Trust), Securitization Trust Agreement (Toyota Auto Lease Trust 1998 C)

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Conflicting Orders. The 19981999-C Securitization A Owner Trustee, in such capacity, has not entered into and, until termination of this 19981999-C A Securitization Trust Agreement, will not enter into, into any agreement with any other person relating to the Reserve Fund or any financial assets credited thereto pursuant to which it has agreed or will agree to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such person. No financial asset will be registered in the name of the 19981999-C Securitization A Owner Trustee, in such capacity, payable to its order, order or specially endorsed to it, except to the extent such financial asset has been endorsed to the Reserve Fund Securities Intermediary or in blank.

Appears in 1 contract

Samples: Securitization Trust Agreement (Honda Titling D Lp)

Conflicting Orders. The 19981999-C Securitization A Indenture Trustee, in such capacity, has not entered into and, until termination of this 19981999-C A Securitization Trust Agreement, will not enter into, into any agreement with any other person relating to the Reserve Fund or any financial assets credited thereto pursuant to which it has agreed or will agree to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such person. No financial asset will be registered in the name of the 19981999-C Securitization A Indenture Trustee, in such capacity, payable to its order, order or specially endorsed to it, except to the extent such financial asset has been endorsed to the Reserve Fund Securities Intermediary or in blank.

Appears in 1 contract

Samples: Securitization Trust Agreement (Honda Auto Lease Trust 1999a)

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Conflicting Orders. The 1998-C B Securitization Trustee, in such capacity, has not entered into and, until termination of this 1998-C B Securitization Trust Agreement, will not enter into, any agreement with any other person relating to the Reserve Fund or any financial assets credited thereto pursuant to which it has agreed to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such person. No financial asset will be registered in the name of the 1998-C B Securitization Trustee, in such capacity, payable to its order, or specially endorsed to it, except to the extent such financial asset has been endorsed to the Reserve Fund Securities Intermediary or in blank.

Appears in 1 contract

Samples: Execution Copy (Toyota Auto Lease Trust 1998-B)

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