General Authority. The Owner Trustee is authorized and empowered to execute and deliver the Program Documents to which the Securitization Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Program Documents to which the Securitization Trust is to be a party and any amendment or other agreement or instrument, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the presentation thereof to the Owner Trustee and the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Securitization Trust pursuant to the Program Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator recommends with respect to the Program Documents.
Appears in 43 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-1), Trust Agreement (GM Financial Automobile Leasing Trust 2021-1), Trust Agreement (GM Financial Automobile Leasing Trust 2020-3)
General Authority. The Owner Trustee is authorized and empowered directed to execute and deliver the Program Transaction Documents to which the Securitization Trust is to be a party party, the Notes and each certificate or other document attached as an exhibit to or contemplated by the Program Transaction Documents to which the Securitization Trust is to be a party party, and any amendment or other agreement or instrumentsupplement thereto, and, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the presentation thereof of such documents for execution to the Owner Trustee and by or on behalf of the Owner Trustee’s execution thereofDepositor or its counsel. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Securitization Trust pursuant to the Program Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator recommends with respect to the Program Transaction Documents.
Appears in 31 contracts
Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)
General Authority. (a) The Owner Trustee is authorized and empowered to execute and deliver the Program Documents to which the Securitization Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Program Documents to which the Securitization Trust is to be a party and any amendment or other agreement or instrument, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the presentation thereof to the Owner Trustee and the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Securitization Trust pursuant to the Program Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator recommends with respect to the Program Documents.
Appears in 19 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-1)
General Authority. The Owner Trustee is authorized and empowered directed to execute and deliver on behalf of the Program Trust the Basic Documents to which the Securitization Trust is to be named as a party and each certificate or other document attached as an exhibit to or contemplated by the Program Basic Documents to which the Securitization Trust is to be named as a party and any amendment or other agreement or instrumentthereto, in each case, in such form as the Depositor shall approve, approve as evidenced conclusively by the presentation thereof to the Owner Trustee and the Owner Trustee’s execution thereof, and on behalf of the Trust, to direct the Administrator to authenticate and deliver the Notes. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Securitization Trust pursuant to the Program Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Certificate Majority recommends with respect to the Program Basic Documents so long as such activities are consistent with the terms of the Basic Documents.
Appears in 6 contracts
Samples: Trust Agreement (HSBC Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust 2005-3), Trust Agreement (HSBC Automotive Trust 2005-1)