Common use of Initial Capital Contribution of Owner Trust Estate Clause in Contracts

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

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Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 17, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 17, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 19, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 19, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14January 6, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14January 6, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 1, 20122019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 1, 20122019, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 147, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 147, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-2), Trust Agreement (Ally Auto Receivables Trust 2022-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14December 27, 20122023, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14December 27, 20122023, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2024-1), Trust Agreement (Ally Auto Receivables Trust 2024-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 18, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 18, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2013-3), Trust Agreement (Capital Auto Receivables Asset Trust 2013-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14August 28, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14August 28, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2015-2), Trust Agreement (Ally Auto Receivables Trust 2015-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 10, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 10, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2016-2), Trust Agreement (Capital Auto Receivables Asset Trust 2016-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 23, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 23, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-4), Trust Agreement (Ally Auto Receivables Trust 2010-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 29, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 29, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2016-3), Trust Agreement (Ally Auto Receivables Trust 2016-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 17, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 17, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Agreement (Capital Auto Receivables Asset Trust 2015-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14January 8, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14January 8, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14November 1, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14November 1, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-5), Trust Agreement (Ally Auto Receivables Trust 2017-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14March 6, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14March 6, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-2), Trust Agreement (Ally Auto Receivables Trust 2017-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 7, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 7, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables LLC), Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 28, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 28, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-3), Trust Agreement (Ally Auto Receivables Trust 2010-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14December 11, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14December 11, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-1), Trust Agreement (Capital Auto Receivables Asset Trust 2015-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14August 2, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14August 2, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Agreement (Capital Auto Receivables Asset Trust 2016-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14October 4, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14October 4, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Receivables Trust 2013-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September November 14, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September November 14, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Receivables Trust 2014-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14August 28, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14August 28, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2014-2), Trust Agreement (Ally Auto Receivables Trust 2014-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14October 28, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14October 28, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2013-4), Trust Agreement (Capital Auto Receivables Asset Trust 2013-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14November 22, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14November 22, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-5), Trust Agreement (Ally Auto Receivables Trust 2010-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14February 25, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14February 25, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14January 5, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14January 5, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-1), Trust Agreement (Ally Auto Receivables Trust 2018-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14February 1, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14February 1, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-2), Trust Agreement (Ally Auto Receivables Trust 2018-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14November 7, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14November 7, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-3), Trust Agreement (Ally Auto Receivables Trust 2022-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 24, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 24, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-4), Trust Agreement (Ally Auto Receivables Trust 2017-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 1424, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 1424, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Agreement (Capital Auto Receivables Asset Trust 2015-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14July 10, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14July 10, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-3), Trust Agreement (Capital Auto Receivables Asset Trust 2014-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14January 26, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14January 26, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14March 25, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14March 25, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-1), Trust Agreement (Ally Auto Receivables Trust 2022-1)

Initial Capital Contribution of Owner Trust Estate. The As of August 5, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust Ii), Trust Agreement (Mmca Auto Receivables Trust Ii)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 17, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 17, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 24, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 24, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-2), Trust Agreement (Capital Auto Receivables Asset Trust 2015-2)

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Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14March 5, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14March 5, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2015-1), Trust Agreement (Ally Auto Receivables Trust 2015-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14December 5, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14December 5, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-1), Trust Agreement (Capital Auto Receivables Asset Trust 2014-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14March 5, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14March 5, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-2), Trust Agreement (Capital Auto Receivables Asset Trust 2014-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14August 13, 20122019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14August 13, 20122019, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The As of March 26, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 15, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 15, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2014-1), Trust Agreement (Ally Auto Receivables Trust 2014-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14May 15, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14May 15, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-3), Trust Agreement (Ally Auto Receivables Trust 2018-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 17, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 17, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-1), Trust Agreement (Ally Auto Receivables Trust 2017-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 149, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 149, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-5), Trust Agreement (Ally Auto Receivables Trust 2011-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14October 23, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14October 23, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2016-1), Trust Agreement (Ally Auto Receivables Trust 2016-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 28, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 28, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14March 29, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14March 29, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14June 7, 20122023, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14June 7, 20122023, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2023-1), Trust Agreement (Ally Auto Receivables Trust 2023-1)

Initial Capital Contribution of Owner Trust Estate. The As of June 8, 2005, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14, 2012, Trustee the sum of one dollar$1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14, 2012the date hereof, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (WFS Financial 2005-3 Owner Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14February 1, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14February 1, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 16, 20122008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 16, 20122008, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14August 10, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14August 10, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 1418, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 1418, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14January 18, 20122008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14January 18, 20122008, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2008-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14November 2, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14November 2, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14November 21, 20122006, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14November 21, 20122006, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The As of July 9, 1998, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mmca Auto Receivables Inc)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of September 14April 10, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of September 14April 10, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-1)

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