Common use of Instructions; Authority to Act Clause in Contracts

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized Officer of Trustee. A certified copy of excerpts of certain resolutions of the Board of Directors of Trustee 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 Custodian of written notice to the contrary given by Trustee.

Appears in 16 contracts

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Pooling and Servicing Agreement (Bas Securitization LLC)

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Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Trustee's Mortgage Files upon its receipt of written instructions signed by an Authorized a Responsible Officer of the Trustee. A certified copy of excerpts of certain resolutions a resolution of the Board of Directors of the Trustee shall constitute may be accepted by the Custodian as conclusive evidence of the authority of any such Authorized Officer officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by the Custodian from the Trustee. Such instructions may be general or specific in terms.

Appears in 8 contracts

Samples: Sub Servicing Agreement (Money Store Home Equity Corp), Sub Servicing Agreement (TMS Mortgage Inc), Pooling and Servicing Agreement (Money Store Home Equity Corp)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Contract Files upon its receipt of written instructions signed by an Authorized a Responsible Officer of the Indenture Trustee. A certified copy of excerpts a bylaw or of certain resolutions a resolution of the Board of Directors of the Indenture Trustee shall constitute may be received and accepted by the Custodian as conclusive evidence of the authority of any such Authorized Officer officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by the Indenture Trustee. Such instructions may be general or specific in terms.

Appears in 5 contracts

Samples: Custodian Agreement (Greatamerica Leasing Receivables 2001-1 LLC), Custodian Agreement (Orix Credit Alliance Receivables Trust 2000-A), Custodian Agreement (Orix Credit Alliance Receivables Trust 2000 B)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files Applications upon its receipt of written instructions signed by an Authorized Officer of the Trustee. A certified copy of excerpts of certain resolutions of the Board of Directors of the Trustee shall constitute conclusive evidence of the authority of any such Authorized Officer signatory to act and shall be considered in full force and effect until receipt by the Custodian of written notice to the contrary given by the Trustee.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Trustee's Loan Files upon its receipt of written instructions signed by an Authorized a Responsible Officer of the Trustee. A certified copy of excerpts of certain resolutions a resolution of the Board of Directors of the Trustee shall constitute may be accepted by the Custodian as conclusive evidence of the authority of any such Authorized Officer officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by the Custodian from the Trustee. Such instructions may be general or specific in terms.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Money Store Home Equity Corp), Sale and Servicing Agreement (Money Store Home Equity Corp), Sale and Servicing Agreement (Money Store Home Equity Corp)

Instructions; Authority to Act. The Custodian shall be deemed to ------------------------------ have received proper instructions from the Owner Trustee with respect to the Receivable Files described herein upon its receipt of written instructions signed by an Authorized Officer of TrusteeOfficer. A certified copy of excerpts a by-law or of certain resolutions a resolution of the Board appropriate governing body of Directors of the Owner Trustee shall constitute may be received and accepted by the Custodian as conclusive evidence of the authority of any such Authorized Officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by Trusteecontrary. Such instructions may be general or specific in terms.

Appears in 3 contracts

Samples: Custodian Agreement (Navistar Financial Retail Receivables Corporation), Custodian Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Trustee's Mortgage Files upon its receipt of written instructions signed by an Authorized a Responsible Officer of the Trustee. A certified copy of excerpts of certain resolutions a resolution of the Board of Directors of the Trustee shall constitute may be accepted by _______________ as conclusive evidence of the authority of any such Authorized Officer officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by ______________ from the Trustee. Such instructions may be general or specific in terms.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Superior Bank FSB), Pooling and Servicing Agreement (Superior Bank FSB)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized Officer of Indenture Trustee or Owner Trustee, as applicable. A certified copy of excerpts of certain resolutions of the Board of Directors of Indenture Trustee or Owner Trustee, as applicable, 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 Custodian of written notice to the contrary given by Indenture Trustee or Owner Trustee, as applicable.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Sale and Servicing Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

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Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized a Responsible Officer of Indenture Trustee or Owner Trustee, as applicable. A certified copy of excerpts of certain resolutions of the Board of Directors of Indenture Trustee or Owner Trustee, as applicable, shall constitute conclusive evidence of the authority of any such Authorized Responsible Officer to act and shall be considered in full force and effect until receipt by the Custodian of written notice to the contrary given by Indenture Trustee or Owner Trustee, as applicable.

Appears in 2 contracts

Samples: Sale and Servicing (Bank One Auto Securitization Trust 2003-1), Sale and Servicing (Bank One Auto Securitization LLC)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized Officer of the Trustee. A certified copy of excerpts of certain resolutions of the Board board of Directors directors of the Trustee 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 Custodian of written notice to the contrary given by the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bank One Auto Securitization LLC)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions from the Owner Trustee with respect to the Receivable Files described herein upon its receipt of written instructions signed by an Authorized Officer of TrusteeOfficer. A certified copy of excerpts a by-law or of certain resolutions a resolution of the Board appropriate governing body of Directors of the Owner Trustee shall constitute may be received and accepted by the Custodian as conclusive evidence of the authority of any such Authorized Officer to act and shall may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary given by Trusteecontrary. Such instructions may be general or specific in terms.

Appears in 1 contract

Samples: Custodian Agreement (Navistar Financial Retail Receivables Corporation)

Instructions; Authority to Act. The Custodian shall be deemed to have received proper instructions with respect to the Receivable Files Receivables File upon its receipt of written instructions signed by an Authorized Officer of the Trustee. A certified copy certificate of excerpts of certain resolutions authority and incumbency executed by the Secretary or Assistant Secretary of the Board of Directors of Trustee shall constitute conclusive evidence of the authority of any such Authorized Officer signatory to act and shall be considered in full force and effect until receipt by the Custodian of written notice to the contrary given by the Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Clark/Bardes Inc)

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