Common use of Instructions; Authority to Act Clause in Contracts

Instructions; Authority to Act. The Servicer 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 Indenture Trustee (or, if the Notes have been paid in full, of the Owner Trustee). A certified copy of a by-law or of a resolution of the Board of Directors of the Owner Trustee or the Indenture Trustee, as the case may be, 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 Servicer of written notice to the contrary given by the Owner Trustee or the Indenture Trustee, as the case may be.

Appears in 18 contracts

Samples: Sale and Servicing Agreement (JPMorgan Chase Bank, National Association), Sale and Servicing Agreement (Chase Auto Owner Trust 2005-B), Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A)

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Instructions; Authority to Act. The Servicer 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 the Indenture Trustee (Trustee, or, if the Notes have aggregate Note Balance has been paid in fullreduced to zero, by a Responsible Officer of the Owner Trustee). A certified copy of a by-law or excerpts of authorizing resolutions of the board of directors of a resolution of the Board of Directors of the Owner Trustee or the Indenture Trustee, as the case may be, shall constitute conclusive evidence of the authority of any such Authorized the related Responsible Officer to act and shall be considered in full force and effect until receipt by the Servicer of written notice to the contrary given by the Owner Trustee or the Indenture such Trustee, as the case may be.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2017-1)

Instructions; Authority to Act. The Servicer 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 Indenture Trustee (or, if the Notes have been paid in full, of the Owner Trustee). A certified copy of a by-law or of a resolution of the Board of Directors of the Owner Trustee or the Indenture Trustee, as the case may be, 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 Servicer of written notice to the contrary given by the Owner Trustee or the Indenture Trustee, as the case may be.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Form of Sale and Servicing Agreement (Chase Manhattan Bank Usa National Association), Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Instructions; Authority to Act. The Servicer 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 Trust Officer of the Indenture Trustee (or, if the Notes have been paid in full, of the Owner Trustee). A certified copy of a by-law or of a resolution of the Board of Directors of the Owner Indenture Trustee or the Indenture Owner Trustee, as the case may beapplicable, shall constitute conclusive evidence of the authority of any such Authorized Trust Officer to act and shall be considered in full force and effect until receipt by the Servicer of written notice to the contrary given by the Owner Indenture Trustee or the Indenture Owner Trustee, as the case may beapplicable.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2)

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Instructions; Authority to Act. The Servicer 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 Trust Officer of the Indenture Trustee (Trustee, or, if the Notes have been paid in fullPaid In Full, by a Trust Officer of the Owner Trustee). A certified copy of a by-law or excerpts of a resolution authorizing resolutions of the Board board of Directors directors of the Owner Indenture Trustee or the Indenture Trustee, as the case may be, 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 Servicer of written notice to the contrary given by the Owner Trustee or the Indenture Trustee, as the case may be.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC)

Instructions; Authority to Act. The Servicer shall be ------------------------------ deemed to have received proper instructions from the Trust with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized Officer of the Indenture Trustee Trust (or, if as appropriate, the Notes have been paid in full, Owner Trustee on behalf of the Owner TrusteeTrust). A certified copy of a by-law excerpts of bylaws or of a resolution certain resolutions of the Board of Directors of the Trust (or, as appropriate, the Owner Trustee or on behalf of the Indenture Trustee, as the case may be, Trust) 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 Servicer of written notice to the contrary given by the Owner Trustee or the Indenture Trustee, as the case may becontrary.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

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