General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 75 contracts
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-B), Trust Agreement (Hyundai Auto Receivables Trust 2024-B), Trust Agreement (Hyundai Auto Receivables Trust 2024-A)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the each Issuer Basic Documents to which the Trust is to be a party Document and each certificate or other document attached as an exhibit to or contemplated by the any Issuer Basic Documents to which the Trust is to be a partyDocument and any amendment or other agreement or instrument, in each case, case in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator or Certificateholders recommends with respect to the Basic Documents.
Appears in 38 contracts
Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2023-2)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 16 contracts
Samples: Trust Agreement (SSB Vehicle Securities Inc BMW Vehicle Owner Trust 1999-A), Trust Agreement (First Merchants Acceptance Corp), Trust Agreement (Regions Acceptance LLC)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 11 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (Nal Financial Group Inc), Trust Agreement (World Omni Auto Receivables LLC)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor Company shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Company recommends with respect to the Basic Documents.
Appears in 8 contracts
Samples: Trust Agreement (Bond Securitization LLC), Trust Agreement (Bond Securitization LLC), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Depositor recommends with respect to the Basic Documents.
Appears in 4 contracts
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 3 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2005-B), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2005-A)
General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer the Basic Documents to which the Trust Issuer is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust Issuer is to be a partyparty together with any amendment or other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Trust Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as the Administrator recommends Depositor directs with respect to and in accordance with the Basic DocumentsDocuments (except to the extent that this Agreement expressly requires the consent of Certificateholders for such action, in which case the Owner Trustee shall not take such action without such consent).
Appears in 3 contracts
Samples: Trust Agreement (GS Auto Loan Trust 2006-1), Trust Agreement (Gs Auto Loan Trust 2004-1), Trust Agreement (GS Auto Loan Trust 2007-1)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the each Issuer Basic Documents to which the Trust is to be a party Document and each certificate or other document attached as an exhibit to or contemplated by the any Issuer Basic Documents to which the Trust is to be a partyDocument and any amendment or other agreement or instrument, in each case, case in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator or the Majority Certificateholders recommends with respect to the Basic Documents.
Appears in 2 contracts
Samples: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1)
General Authority. The Owner Trustee is authorized and ----------------- directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 1 contract
General Authority. The Owner Trustee is authorized and ----------------- directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor Company shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Company recommends with respect to the Basic Documents.
Appears in 1 contract
Samples: Form of Trust Agreement (Asset Backed Securities Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor Seller shall approve, have approved as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to Notwithstanding the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take any or all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents. The Owner Trustee acknowledges that actions to be taken by the Issuer (including under the Indenture) may be taken by the Administrator in accordance with the Administration Agreement.
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General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Basic Issuer the Transaction Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Trust Issuer is to be a party, or any amendment thereto or other agreement, in each case, in such form as the Depositor shall approve, Transferor[s] approve[s] as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to thereof and the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required [Transferor’s]/[Transferors’] execution of the Trust pursuant to the Basic Documentsrelated documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by this Agreement and the other Transaction Documents and which Certificateholders representing at least 51% of the Percentage Interest of the Transferor Interest or the Administrator recommends directs in writing with respect to the Basic Transaction Documents.
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General Authority. The Owner Trustee is authorized and ----------------- directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Depositor recommends with respect to the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Depositor recommends with respect to the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Trust Administrator recommends with respect to and in accordance with the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. : The Owner Trustee is further authorized from time to time to take such action as the Trust Administrator recommends with respect to the Basic Documents.
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General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall will approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall will not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Depositor recommends with respect to the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)
General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.. (2011-B Amended and Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2011-B)
General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer the Basic Documents to which the Trust Issuer is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust Issuer is to be a partyparty together with any amendment or other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Trust Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as the Administrator recommends Depositor directs with respect to and in accordance with the Basic DocumentsDocuments (except to the extent that this Agreement expressly requires the consent of Certificateholders for such action, in which case the Owner Trustee shall not take such action without such consent).
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General Authority. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor Company shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Company recommends with respect to the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
General Authority. The Owner Trustee is authorized ----------------- and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 1 contract
General Authority. The Owner Trustee is authorized ----------------- and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a partyparty and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.
Appears in 1 contract