Common use of General Authority Clause in Contracts

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2013-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2013-2)

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General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000195,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000375,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,00085,360,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000107,350,000, Class C Notes in the aggregate principal amount of $135,590,000, Class D Notes in the aggregate principal amount of $101,700,000 and Class E Notes in the aggregate principal amount of $33,890,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-1), Trust Agreement (Santander Drive Auto Receivables Trust 2012-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000140,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000122,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,00074,180,000 and Class B Notes in the aggregate principal amount of $8,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (USAA Auto Owner Trust 2015-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000156,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000233,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000144,600,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000209,590,000, Class A-2 Notes in the aggregate principal amount of $502,000,000610,590,000, Class A-3 Notes in the aggregate principal amount of $530,000,000226,390,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000246,580,000, Class C Notes in the aggregate principal amount of $235,610,000 and Class D Notes in the aggregate principal amount of $180,830,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2024-2), Trust Agreement (Drive Auto Receivables Trust 2024-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000290,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000203,310,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000177,480,000, Class C Notes in the aggregate principal amount of $236,650,000, Class D Notes in the aggregate principal amount of $221,850,000 and Class E Notes in the aggregate principal amount of $73,130,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000233,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000509,690,000, Class A-3 Notes in the aggregate principal amount of $530,000,000404,910,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000190,240,000, Class C Notes in the aggregate principal amount of $221,100,000 and Class D Notes in the aggregate principal amount of $234,460,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2022-6), Trust Agreement (Santander Drive Auto Receivables Trust 2022-6)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000247,100,000, Class A-2 Notes in the aggregate principal amount of $502,000,000450,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000131,460,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000135,720,000, Class C Notes in the aggregate principal amount of $171,430,000, Class D Notes in the aggregate principal amount of $114,290,000 and Class E Notes in the aggregate principal amount of $57,140,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-2), Trust Agreement (Santander Drive Auto Receivables Trust 2012-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000233,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000358,980,000, Class A-3 Notes in the aggregate principal amount of $530,000,000227,230,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000134,180,000, Class C Notes in the aggregate principal amount of $169,500,000, Class D Notes in the aggregate principal amount of $127,110,000 and Class E Notes in the aggregate principal amount of $42,380,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-3), Trust Agreement (Santander Drive Auto Receivables Trust 2012-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000247,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000374,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000160,290,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000183,010,000, Class C Notes in the aggregate principal amount of $197,200,000, Class D Notes in the aggregate principal amount of $108,310,000 and Class E Notes in the aggregate principal amount of $74,700,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000142,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000172,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000125,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,00052,180,000 and Class B Notes in the aggregate principal amount of $8,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (USAA Auto Owner Trust 2012-1), Trust Agreement (USAA Auto Owner Trust 2012-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000199,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000325,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000369,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000107,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000150,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000206,000,000, Class A-2-B Notes in the aggregate principal amount of $206,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000157,300,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000148,830,000, Class C Notes in the aggregate principal amount of $201,540,000 and Class D Notes in the aggregate principal amount of $137,200,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-3), Trust Agreement (Drive Auto Receivables Trust 2019-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000285,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000509,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000435,280,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000199,340,000, Class C Notes in the aggregate principal amount of $238,100,000 and Class D Notes in the aggregate principal amount of $246,970,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2022-5), Trust Agreement (Santander Drive Auto Receivables Trust 2022-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000245,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000343,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000147,280,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000163,150,000, Class C Notes in the aggregate principal amount of $199,240,000, Class D Notes in the aggregate principal amount of $150,370,000 and Class E Notes in the aggregate principal amount of $75,190,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables Trust 2017-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000183,600,000, Class A-2 Notes in the aggregate principal amount of $502,000,000464,170,000, Class A-3 Notes in the aggregate principal amount of $530,000,000210,000,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-4), Trust Agreement (Santander Drive Auto Receivables Trust 2020-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000215,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000573,500,000, Class A-3 Notes in the aggregate principal amount of $530,000,000273,440,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000210,210,000, Class C Notes in the aggregate principal amount of $318,040,000, Class D Notes in the aggregate principal amount of $266,850,000 and Class E Notes in the aggregate principal amount of $152,480,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-3), Trust Agreement (Santander Drive Auto Receivables Trust 2020-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000128,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000266,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000159,720,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000123,490,000, Class C Notes in the aggregate principal amount of $169,880,000 and Class D Notes in the aggregate principal amount of $118,260,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-2), Trust Agreement (Drive Auto Receivables Trust 2019-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000281,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000381,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000376,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000212,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000145,800,000, Class A-2 Notes in the aggregate principal amount of $502,000,000295,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,00059,200,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00077,870,000, Class C Notes in the aggregate principal amount of $98,360,000, Class D Notes in the aggregate principal amount of $73,770,000 and Class E Notes in the aggregate principal amount of $24,590,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-4), Trust Agreement (Santander Drive Auto Receivables Trust 2011-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000256,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000606,680,000, Class A-3 Notes in the aggregate principal amount of $530,000,000280,920,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000208,140,000, Class C Notes in the aggregate principal amount of $329,550,000, Class D Notes in the aggregate principal amount of $319,150,000 and Class E Notes in the aggregate principal amount of $138,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-2), Trust Agreement (Santander Drive Auto Receivables Trust 2021-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000172,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000383,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000222,400,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000128,470,000, Class C Notes in the aggregate principal amount of $158,120,000, Class D Notes in the aggregate principal amount of $72,470,000 and Class E Notes in the aggregate principal amount of $65,890,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, . 11 Amended and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.Restated

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-3), Trust Agreement (Santander Drive Auto Receivables Trust 2013-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000134,410,000, Class A-2 Notes in the aggregate principal amount of $502,000,000581,410,000, Class A-3 Notes in the aggregate principal amount of $530,000,000323,320,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000197,220,000, Class C Notes in the aggregate principal amount of $142,390,000 and Class D Notes in the aggregate principal amount of $230,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Santander Drive Auto Receivables Trust 2024-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000214,100,000, Class A-2 Notes in the aggregate principal amount of $502,000,000293,800,000, Class A-3 Notes in the aggregate principal amount of $530,000,00092,100,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00093,450,000, Class C Notes in the aggregate principal amount of $118,030,000, Class D Notes in the aggregate principal amount of $88,520,000 and Class E Notes in the aggregate principal amount of $29,510,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-3), Trust Agreement (Santander Drive Auto Receivables Trust 2011-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000188,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000235,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000124,900,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000123,460,000, Class C Notes in the aggregate principal amount of $155,890,000 and Class D Notes in the aggregate principal amount of $151,340,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2018-4), Trust Agreement (Santander Drive Auto Receivables Trust 2018-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000122,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000200,000,000, Class A-2-B Notes in the aggregate principal amount of $80,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000186,770,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000125,040,000, Class C Notes in the aggregate principal amount of $178,460,000 and Class D Notes in the aggregate principal amount of $119,840,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2018-5), Trust Agreement (Drive Auto Receivables Trust 2018-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000140,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $90,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000159,480,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000113,070,000, Class C Notes in the aggregate principal amount of $164,470,000 and Class D Notes in the aggregate principal amount of $158,040,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-1), Trust Agreement (Drive Auto Receivables Trust 2019-1)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,00096,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000128,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000112,000,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00064,000,000, Class C Notes in the aggregate principal amount of $100,000,000, Class D Notes in the aggregate principal amount of $124,000,000 and Class E Notes in the aggregate principal amount of $56,000,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000239,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000301,600,000, Class A-3 Notes in the aggregate principal amount of $530,000,000118,980,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000182,180,000, Class C Notes in the aggregate principal amount of $169,550,000, Class D Notes in the aggregate principal amount of $119,020,000 and Class E Notes in the aggregate principal amount of $93,090,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000138,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000324,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000139,410,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000123,400,000, Class C Notes in the aggregate principal amount of $176,010,000 and Class D Notes in the aggregate principal amount of $155,870,000. In addition to the foregoing, the Owner Trustee is authorized, 26 Amended and Restated Trust Agreement (DRIVE 2020-1) but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2020-1), Trust Agreement (Drive Auto Receivables Trust 2020-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000146,600,000, Class A-2 Notes in the aggregate principal amount of $502,000,000130,200,000, Class A-3 Notes in the aggregate principal amount of $530,000,000130,200,000, and Class A-4 Notes in the aggregate principal amount of $164,000,00065,520,000 and Class B Notes in the aggregate principal amount of $8,510,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000366,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000287,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000, 268,000,000 and Class A-4 Notes in the aggregate principal amount of $164,000,00079,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2010-1), Trust Agreement (Santander Drive Auto Receivables Trust 2010-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000180,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000182,770,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000168,250,000, Class C Notes in the aggregate principal amount of $232,150,000 and Class D Notes in the aggregate principal amount of $220,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2018-4), Trust Agreement (Drive Auto Receivables Trust 2018-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000300,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000475,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000462,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000263,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000224,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000600,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000279,090,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000199,360,000, Class C Notes in the aggregate principal amount of $320,080,000, Class D Notes in the aggregate principal amount of $274,660,000 and Class E Notes in the aggregate principal amount of $162,810,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-1), Trust Agreement (Santander Drive Auto Receivables Trust 2021-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000150,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000549,230,000, Class A-3 Notes in the aggregate principal amount of $530,000,000449,370,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000217,570,000, Class C Notes in the aggregate principal amount of $188,170,000 and Class D Notes in the aggregate principal amount of $229,330,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-3), Trust Agreement (Santander Drive Auto Receivables Trust 2024-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000165,300,000, Class A-2 Notes in the aggregate principal amount of $502,000,000260,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000143,790,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2019-2), Trust Agreement (Santander Drive Auto Receivables Trust 2019-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000157,900,000, Class A-2 Notes in the aggregate principal amount of $502,000,000340,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000174,200,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000124,580,000, Class C Notes in the aggregate principal amount of $139,060,000, Class D Notes in the aggregate principal amount of $89,800,000, and Class E Notes in the aggregate principal amount of $34,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-5), Trust Agreement (Santander Drive Auto Receivables Trust 2012-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000109,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000129,520,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000135,420,000, Class C Notes in the aggregate principal amount of $128,430,000 and Class D Notes in the aggregate principal amount of $100,450,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2020-2), Trust Agreement (Drive Auto Receivables Trust 2020-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000281,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000398,660,000, Class A-3 Notes in the aggregate principal amount of $530,000,000237,850,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000150,290,000, Class C Notes in the aggregate principal amount of $189,830,000, Class D Notes in the aggregate principal amount of $142,370,000 and Class E Notes in the aggregate principal amount of $47,460,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-4), Trust Agreement (Santander Drive Auto Receivables Trust 2012-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000244,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000385,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000490,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000131,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000355,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000380,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000450,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000258,000,000, Class B Notes in the aggregate principal amount of $20,250,000, Class C Notes in the aggregate principal amount of $21,000,000 and Class D Notes in the aggregate principal amount of $15,750,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends Majority Certificateholders recommend or directs direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Huntington Auto Trust 2016-1), Trust Agreement (Huntington Auto Trust 2016-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000170,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000512,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000218,670,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000199,290,000, Class C Notes in the aggregate principal amount of $279,590,000 and Class D Notes in the aggregate principal amount of $219,600,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2021-1), Trust Agreement (Drive Auto Receivables Trust 2021-1)

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General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000218,350,000, Class A-2 Notes in the aggregate principal amount of $502,000,000231,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,00087,540,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00090,160,000, Class C Notes in the aggregate principal amount of $49,180,000, Class D Notes in the aggregate principal amount of $73,770,000 and Class E Notes in the aggregate principal amount of $24,590,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-2), Trust Agreement (Santander Drive Auto Receivables Trust 2011-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000252,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000179,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000399,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000152,502,000 and Class B Notes in the aggregate principal amount of $17,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (USAA Auto Owner Trust 2010-1), Trust Agreement (USAA Auto Owner Trust 2010-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000327,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000126,750,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000186,120,000, Class C Notes in the aggregate principal amount of $236,510,000, Class D Notes in the aggregate principal amount of $237,320,000 and Class E Notes in the aggregate principal amount of $72,340,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000128,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000265,700,000, Class A-3 Notes in the aggregate principal amount of $530,000,000182,490,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00095,220,000, Class C Notes in the aggregate principal amount of $117,190,000, Class D Notes in the aggregate principal amount of $53,710,000 and Class E Notes in the aggregate principal amount of $48,830,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000180,800,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000276,000,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000150,250,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000140,400,000, Class C Notes in the aggregate principal amount of $198,780,000 and Class D Notes in the aggregate principal amount of $175,870,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-4), Trust Agreement (Drive Auto Receivables Trust 2019-4)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,00066,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000126,300,000, Class A-3 Notes in the aggregate principal amount of $530,000,000126,200,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00060,550,000, Class C Notes in the aggregate principal amount of $81,550,000, Class D Notes in the aggregate principal amount of $94,500,000 and Class E Notes in the aggregate principal amount of $43,400,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000429,500,000, Class A-2 Notes in the aggregate principal amount of $502,000,000390,850,000, Class A-3 Notes in the aggregate principal amount of $530,000,000162,700,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000182,210,000, Class C Notes in the aggregate principal amount of $203,390,000, Class D Notes in the aggregate principal amount of $131,350,000, and Class E Notes in the aggregate principal amount of $50,850,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-6), Trust Agreement (Santander Drive Auto Receivables Trust 2012-6)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000222,400,000, Class A-2 Notes in the aggregate principal amount of $502,000,000543,100,000, Class A-3 Notes in the aggregate principal amount of $530,000,000292,370,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000288,610,000, Class C Notes in the aggregate principal amount of $243,480,000, Class D Notes in the aggregate principal amount of $241,380,000 and Class E Notes in the aggregate principal amount of $131,180,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-4), Trust Agreement (Santander Drive Auto Receivables Trust 2021-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000361,720,000, Class A-2 Notes in the aggregate principal amount of $502,000,000348,910,000, Class A-3 Notes in the aggregate principal amount of $530,000,000155,770,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000145,500,000, Class C Notes in the aggregate principal amount of $79,370,000, Class D Notes in the aggregate principal amount of $119,050,000 and Class E Notes in the aggregate principal amount of $39,680,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-1), Trust Agreement (Santander Drive Auto Receivables Trust 2011-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000194,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000310,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000111,670,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000129,750,000, Class C Notes in the aggregate principal amount of $156,670,000, Class D Notes in the aggregate principal amount of $126,080,000 and Class E Notes in the aggregate principal amount of $48,960,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000175,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000341,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000304,870,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000135,650,000, Class C Notes in the aggregate principal amount of $166,960,000, Class D Notes in the aggregate principal amount of $76,520,000 and Class E Notes in the aggregate principal amount of $69,570,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-2), Trust Agreement (Santander Drive Auto Receivables Trust 2013-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000174,260,000, Class A-3 Notes in the aggregate principal amount of $530,000,00086,050,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000133,600,000, Class C Notes in the aggregate principal amount of $168,450,000, Class D Notes in the aggregate principal amount of $162,640,000 and Class E Notes in the aggregate principal amount of $58,080,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000127,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000264,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000151,620,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000134,750,000, Class C Notes in the aggregate principal amount of $169,690,000 and Class D Notes in the aggregate principal amount of $102,940,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-1), Trust Agreement (Santander Drive Auto Receivables Trust 2020-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000184,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000355,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000294,330,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000137,710,000, Class C Notes in the aggregate principal amount of $169,490,000, Class D Notes in the aggregate principal amount of $109,470,000 and Class E Notes in the aggregate principal amount of $42,370,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Residual Interestholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-1), Trust Agreement (Santander Drive Auto Receivables Trust 2013-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000329,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000746,940,000, Class A-3 Notes in the aggregate principal amount of $530,000,000355,690,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000341,880,000, Class C Notes in the aggregate principal amount of $356,130,000, Class D Notes in the aggregate principal amount of $370,360,000 and Class E Notes in the aggregate principal amount of $163,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Seller, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-3), Trust Agreement (Santander Drive Auto Receivables Trust 2021-3)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,00058,500,000, Class A-2 Notes in the aggregate principal amount of $502,000,000130,525,000, Class A-3 Notes in the aggregate principal amount of $530,000,000130,525,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,00055,650,000, Class C Notes in the aggregate principal amount of $90,300,000, Class D Notes in the aggregate principal amount of $90,300,000 and Class E Notes in the aggregate principal amount of $39,200,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000150,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000604,280,000, Class A-3 Notes in the aggregate principal amount of $530,000,000426,210,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000228,740,000, Class C Notes in the aggregate principal amount of $194,920,000 and Class D Notes in the aggregate principal amount of $206,860,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-4), Trust Agreement (Santander Drive Auto Receivables Trust 2024-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Basic Documents to which the Issuer is named as a party, party and each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof, and on behalf of Issuer at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000350,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000340,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000, 220,000,000 and Class A-4 Notes in the aggregate principal amount of $164,000,000120,140,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Servicer, Administrative Agent or the Administrator recommends or directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Norwest Auto Receivables Corp)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Basic Documents to which the Issuer Trust is named as a party, party and each certificate or other document presented in connection therewith attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction on behalf of the SellerTrust, to direct the Indenture Trustee Administrator to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,00075,000,000.00, Class A-2 Notes in the aggregate principal amount of $502,000,000190,000,000.00, Class A-3 Notes in the aggregate principal amount of $530,000,00069,000,000.00, and Class A-4 A-4a Notes in the aggregate principal amount of $164,000,00040,300,000, Class A-4b Notes in the aggregate principal amount of $20,000,000.00, Class B Notes in the aggregate principal amount of $13,400,000.00, Class C Notes in the aggregate principal amount of $37,600,000.00 and Class D Notes in the aggregate principal amount of $40,110,946.28. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator Servicer recommends or directs to it in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Franklin Auto Trust 2008-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Basic Documents to which the Issuer is named as a party, party and each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and on behalf of Issuer at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000268,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000132,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000150,000,000, and Class A-4 Notes in the aggregate principal amount of TRUST AGREEMENT $164,000,000148,000,000, Class A-5 Notes in the aggregate principal amount of $151,800,000, Class A-P Notes in the aggregate principal amount of $125,000,000, Class B Notes in the aggregate principal amount of $63,620,000, and Class C Notes in the aggregate principal amount of $24,300,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Servicer or the Administrator recommends or directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000199,930,000, Class A-2 Notes in the aggregate principal amount of $502,000,000563,580,000, Class A-3 Notes in the aggregate principal amount of $530,000,000325,950,000, and Class A-4 B Notes in the aggregate principal amount of $164,000,000206,620,000, Class C Notes in the aggregate principal amount of $187,840,000 and Class D Notes in the aggregate principal amount of $216,010,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends or directs Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000245,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $502,000,000305,000,000, Class A-3 A-2-B Notes in the aggregate principal amount of $530,000,0000, and Class A-4 A-3-A Notes in the aggregate principal amount of $164,000,000255,000,000, Class A-3-B Notes in the aggregate principal amount of $0, Class A-4-A Notes in the aggregate principal amount of $0 and Class A-4-B Notes in the aggregate principal amount of $214,450,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2008-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000192,200,000, Class A-2 Notes in the aggregate principal amount of $502,000,000180,000,000, Class A-3 A‑3 Notes in the aggregate principal amount of $530,000,000277,300,000, and Class A-4 A‑4 Notes in the aggregate principal amount of $164,000,00075,000,000, Class B Notes in the aggregate principal amount of $9,370,000, Class C Notes in the aggregate principal amount of $8,630,000 and Class D Notes in the aggregate principal amount of $7,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends Majority Certificateholders recommend or directs direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Huntington Auto Trust 2015-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Basic Documents to which it or the Issuer is named as a party, party and each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction on behalf of the SellerIssuer, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000122,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,00040,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,00052,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,00020,000,000, Class A-5 Notes in the aggregate principal amount of $44,805,000, Class B Notes in the aggregate principal amount of $20,025,000, Class C Notes in the aggregate principal amount of $7,702,000, Class D Notes in the aggregate principal amount of $4,621,000 and Class E Notes in the aggregate principal amount of $3,081,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator Servicer recommends or directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000381,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000271,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000587,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000267,889,000 and Class B Notes in the aggregate principal amount of $46,604,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (USAA Auto Owner Trust 2009-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000227,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000259,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000330,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000189,520,000 and Class B Notes in the aggregate principal amount of $28,430,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (USAA Auto Owner Trust 2008-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction Basic Documents to which the Issuer is named as a party, party and each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party party, including, without limitation, any filing authorizations authorizing the filing of a financing statement on form UCC-1 with the Secretary of State of the State of Delaware, and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereof, and and, on behalf of the Issuer at the written direction of the SellerDepositor, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000248,000,000, Class A-2 Notes in the aggregate principal amount of $502,000,000284,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000333,000,000, and Class A-4 Notes in the aggregate principal amount of $164,000,000270,390,000 and Class B Notes in the aggregate principal amount of $26,270,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (JPMorgan Chase Bank, National Association)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party, party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $304,000,000192,200,000, Class A-2 Notes in the aggregate principal amount of $502,000,000180,000,000, Class A-3 Notes in the aggregate principal amount of $530,000,000277,300,000, and Class A-4 Notes in the aggregate principal amount of $164,000,00075,000,000, Class B Notes in the aggregate principal amount of $9,370,000, Class C Notes in the aggregate principal amount of $8,630,000 and Class D Notes in the aggregate principal amount of $7,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller Depositor, the Administrator or the Administrator recommends Majority Certificateholders recommend or directs direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the each Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 1 contract

Samples: Trust Agreement (Huntington Funding, LLC)

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