Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Document to the contrary, the Owner Trustee shall not be required to take any action in any jurisdiction other than any state in which it is qualified to do business (any such state, a “State of Qualification”) if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; or (iii) subject the Owner Trustee to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee, as the case may be, contemplated hereby or in any other Transaction Document. In the event that the Owner Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it will appoint an additional trustee pursuant to Section 10.05 to proceed with such action.
Appears in 52 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Document to the contrary, the Owner Trustee shall not be required to take any action in any jurisdiction other than any state in which it is qualified to do business (any such state, a “State of Qualification”) if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; or (iii) subject the Owner Trustee to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee, as the case may be, contemplated hereby or in any other Transaction Basic Document. In the event that the Owner Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it will appoint an additional trustee pursuant to Section 10.05 to proceed with such action.
Appears in 21 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2022-A), Trust Agreement (World Omni Auto Receivables Trust 2022-A), Trust Agreement (World Omni Auto Receivables LLC)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Transaction Document to the contrary, the Owner Trustee shall not be required to take any action in any jurisdiction other than any state in which it is qualified to do business (any such state, a “State of Qualification”) if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; or (iii) subject the Owner Trustee to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee, as the case may be, contemplated hereby or in any other Transaction Document. In the event that the Owner Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it will appoint an additional trustee pursuant to Section 10.05 to proceed with such action.
Appears in 19 contracts
Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Transaction Document to the contrary, the Owner Trustee shall not be required to take any action in any jurisdiction other than any state in which it is qualified to do business (any such state, a “"State of Qualification”") if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; or (iii) subject the Owner Trustee to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee, as the case may be, contemplated hereby or in any other Transaction Document. In the event that the Owner Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it will appoint an additional trustee pursuant to Section 10.05 to proceed with such action.
Appears in 16 contracts
Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni Automobile Lease Securitization Trust 2019-A)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Document to the contrary, neither a Trustee Bank nor the Owner related Trustee shall not be required to take any action in any jurisdiction other than in the State of its incorporation or any state State in which it is qualified to do business (any such stateeach, a “State of Qualification”) if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; Trustee Bank or (iii) subject the Owner Trustee Bank to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by such Trustee Bank or the Owner related Trustee, as the case may be, contemplated hereby or in any other Transaction Documenthereby. In the event that the Owner a Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it such Trustee will appoint an additional trustee pursuant to Section 10.05 6.6 to proceed with such action.
Appears in 7 contracts
Samples: Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Document to the contrary, neither the Owner Trustee Bank nor the related Trustee shall not be required to take any action in any jurisdiction other than in the State of its organization or any state State in which it is qualified to do business (any such stateeach, a “State of Qualification”) if the taking of such action may (i) require the consent, approval, authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, other than a State of Qualification, becoming payable by the Owner Trustee; Trustee Bank or (iii) subject the Owner Trustee Bank to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee Bank or the related Trustee, as the case may be, contemplated hereby or in any other Transaction Documenthereby. In the event that the Owner Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it the Trustee will appoint an additional trustee pursuant to Section 10.05 6.6 to proceed with such action.
Appears in 2 contracts
Samples: Trust Agreement (GE TF Trust), Trust Agreement (GECB Equipment Funding, LLC)
Doing Business in Other Jurisdictions. Notwithstanding anything contained herein or in any other Basic Document to the contrary, neither a Trustee Bank nor the Owner related Trustee shall not be required to take any action in any jurisdiction other than in the State of its incorporation or any state State in which it is qualified to do business (any such stateeach, a “"State of Qualification”") if the taking of such action may (i) require the consent, approval, authorization or order of, of or the giving of notice to, or the registration with, with or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than a State of Qualification; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof, hereof other than a State of Qualification, Qualification becoming payable by the Owner TrusteeTrust Bank; or (iii) subject the Owner Trustee Bank to personal jurisdiction in any jurisdiction other than a State of Qualification for causes of action arising from acts unrelated to the consummation of the transactions by such Trustee Bank or the Owner related Trustee, as the case may be, contemplated hereby or in any other Transaction Documenthereby. In the event that the Owner a Trustee does not take any action because such action may result in the consequences described in the preceding sentence, it such Trustee will appoint an additional appoint, at the expense of the Trust, a separate trustee or co-trustee pursuant to Section 10.05 6.6 to proceed with such action.
Appears in 1 contract