Common use of Instructions; Authority to Act Clause in Contracts

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee.

Appears in 20 contracts

Samples: Sale and Servicing Agreement (WFS Receivables Corp), Sale and Servicing Agreement (WFS Financial Auto Loans Inc), Sale and Servicing Agreement (WFS Financial Auto Loans Inc)

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Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the InsurerTrustee) with respect to the Contract Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (WFS Financial 2005-3 Owner Trust), Sale and Servicing Agreement (WFS Financial 2004-4 Owner Trust), Sale and Servicing Agreement (WFS Receivables Corp 3)

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Financed Student Loan Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee.

Appears in 8 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (PNC Student Loan Trust I), Transfer and Servicing Agreement (Crestar Bank /Va)

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Receivable Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee. A certified copy of excerpts of authorizing resolutions of the board of directors of the Indenture Trustee shall constitute conclusive evidence of the authority of any such Responsible Officer to act and shall be considered in full force and effect until receipt by the Master Servicer of written notice to the contrary given by the Indenture Trustee.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Wachovia Auto Owner Trust 2008-A), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2007-1), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2008-1)

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Receivable Files upon its receipt of written instructions signed by a Responsible Trust Officer of the Indenture Trustee or, if the Notes have been paid in full, of the Owner Trustee.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Regions Auto Receivables Trust 2002-1), Sale and Servicing Agreement (Regions Auto Receivables Trust 2003-1), Sale and Servicing Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)

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Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Receivable Files upon its receipt of written instructions signed by a Responsible Officer an authorized officer of the Indenture TrusteeAgent. A certified copy of a bylaw or of a resolution of the Board of Directors of the Agent shall constitute conclusive evidence of the authority of any such authorized officer to act and shall be considered to be in full force and effect until receipt by the Master Servicer of written notice to the contrary is given by the Agent.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trendwest Resorts Inc)

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (WFS Financial 1998 a Owner Trust)

Instructions; Authority to Act. The Master Servicer shall be deemed to have received proper instructions (a copy of which shall be furnished to the Owner Trustee and the Insurer) with respect to the Contract Receivable Files upon its receipt of written instructions signed by a Responsible Officer an authorized officer of the Indenture TrusteeAgent. A certified copy of a bylaw or of a resolution of the Board of Directors of the Agent shall constitute conclusive evidence of the authority of any such authorized officer to act and shall be considered in full force and effect until receipt by the Master Servicer of written notice to the contrary given by the Agent.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trendwest Resorts Inc)

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