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 December 27, 2023, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023, 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 4 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2024-2), Trust Agreement (Ally Auto Receivables Trust 2024-2), Trust Agreement (Ally Auto Receivables Trust 2024-1)

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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 December 27February 5, 20232016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27February 5, 20232016, 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 4 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2016-1), Trust Agreement (Capital Auto Receivables Asset Trust 2016-1), Trust Agreement (Ally Auto Receivables 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 December 27February 1, 20232018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27February 1, 20232018, 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 December 27November 22, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 22, 20232011, 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 2012-1), Trust Agreement (Ally Auto Receivables Trust 2012-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27July 17, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 17, 20232015, 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 December 27October 31, 20232012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27October 31, 20232012, 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 2013-1), Trust Agreement (Capital Auto Receivables Asset 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 December 27September 7, 20232022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27September 7, 20232022, 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 December 27June 17, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 17, 20232011, 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 December 2711, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 2711, 20232014, 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 December 27June 10, 20232016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 10, 20232016, 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 December 27November 7, 20232022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 7, 20232022, 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 December 27January 6, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27January 6, 20232011, 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 December 27March 6, 20232017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27March 6, 20232017, 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 December 27October 23, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27October 23, 20232015, 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 December 27June 17, 20232016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 17, 20232016, 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 December 27September 9, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27September 9, 20232011, 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 December 27January 8, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27January 8, 20232013, 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 December 27November 14, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 14, 20232014, 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 December 27July 24, 20232017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 24, 20232017, 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 December 27April 1, 20232019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 1, 20232019, 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 As of March 26, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such 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 December 27April 21, 20232017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 21, 20232017, 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 2017-3), Trust Agreement (Ally Auto Receivables Trust 2017-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27July 23, 20232010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 23, 20232010, 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 December 27November 1, 20232017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 1, 20232017, 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 December 27July 18, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 18, 20232013, 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 December 27August 28, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27August 28, 20232015, 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 December 27August 28, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27August 28, 20232014, 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 December 27April 24, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 24, 20232015, 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)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27April 15, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 15, 20232014, 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 December 27March 5, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27March 5, 20232015, 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 December 275, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 275, 20232013, 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 December 27January 5, 20232018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27January 5, 20232018, 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 December 27April 29, 20232016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 29, 20232016, 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 December 27April 14, 20232010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 14, 20232010, 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 2010-2), Trust Agreement (Ally Auto Receivables Trust 2010-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27November 22, 20232010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 22, 20232010, 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 December 27May 15, 20232018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27May 15, 20232018, 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 December 27November 5, 20232019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 5, 20232019, 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 2019-4), Trust Agreement (Ally Auto Receivables Trust 2019-4)

Initial Capital Contribution of Owner Trust Estate. The As of October 1, 1999, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such 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 December 27September 14, 20232012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27September 14, 20232012, 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)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27July 17, 20232018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 17, 20232018, 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 December 27February 25, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27February 25, 20232011, 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 December 27June 28, 20232010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 28, 20232010, 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 December 27March 29, 20232012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27March 29, 20232012, 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 December 27August 13, 20232019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27August 13, 20232019, 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)

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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 December 27October 28, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27October 28, 20232013, 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 December 27March 25, 20232022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27March 25, 20232022, 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 Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27March 5, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27March 5, 20232014, 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 December 27October 4, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27October 4, 20232013, 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 December 27September 24, 20232015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27September 24, 20232015, 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 As of August 20, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such 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 Owner Trust 2002-4), Trust Agreement (Mmca Auto Owner Trust 2002-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27July 10, 20232014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 10, 20232014, 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 As of January 2, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such 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 Owner Trust 2002-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27August 2, 20232016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27August 2, 20232016, 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 December 27July 19, 20232012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27July 19, 20232012, 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 December 27June 7, 2023, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 7, 2023, 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 Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27April 28, 20232011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 28, 20232011, 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 December 27January 26, 20232012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27January 26, 20232012, 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 December 27June 7, 20232013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27June 7, 20232013, 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 As of July 6, 2006, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such date, of the foregoing contribution contribution, which amounts constituted the initial Owner Trust EstateEstate and were deposited in the Certificate Payment Account. The Depositor shall pay the organizational expenses of the Trust Issuer 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 (WDS Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27November 2, 20232007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 2, 20232007, 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 December 27January 18, 20232008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27January 18, 20232008, 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 Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27November 18, 20232004, the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of December 27November 18, 20232004, of the foregoing contribution contribution, which constituted the initial Owner Trust Estate. The Depositor Seller 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 2004-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27August 10, 20232007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27August 10, 20232007, 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 As of October 15, 2004, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such date, of the foregoing contribution contribution, which amounts constituted the initial Owner Trust EstateEstate and were deposited in the Certificate Payment Account. The Depositor shall pay the organizational expenses of the Trust Issuer 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 (Wachovia Auto Owner Trust 2005-A)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27November 21, 20232006, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27November 21, 20232006, 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 Pursuant to the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27February 1, 20231999, the sum of one dollarOne Dollar ($1). The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of December 27, 2023the date hereof, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust Estate. The Depositor Estate and shall pay organizational expenses of be deposited in 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 TrusteeCertificate Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (Cit Marine Trust 1999-A)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27April 16, 20232008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 16, 20232008, 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 Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27May 23, 20232005, the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of December 27May 23, 20232005, of the foregoing contribution contribution, which constituted the initial Owner Trust Estate. The Depositor Seller 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 Inc)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27April 10, 20232007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27April 10, 20232007, 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)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27February 1, 20232010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27February 1, 20232010, 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 As of December 9, 1998, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such 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 As of October 10, 2006, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27, 2023, Trustee the sum of one dollar$1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27, 2023such date, of the foregoing contribution contribution, which amounts constituted the initial Owner Trust EstateEstate and were deposited in the Certificate Payment Account. The Depositor shall pay the organizational expenses of the Trust Issuer 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 (Wachovia Auto Loan Owner Trust 2007-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of December 27September 18, 20232007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of December 27September 18, 20232007, 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)

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