Common use of No Action Except Under Specified Documents or Instructions Clause in Contracts

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 22 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2014-A), Trust Agreement (Ford Credit Auto Owner Trust 2014-A), Trust Agreement (Ford Credit Auto Owner Trust 2013-D)

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No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 13 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2010-B), Trust Agreement (Ford Credit Auto Owner Trust 2010-A), Trust Agreement (Ford Credit Auto Owner Trust 2008-C)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to under this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to under Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 8 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-A)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (ai) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (bii) in accordance with the other Transaction Basic Documents to which the Issuer Trust or the Owner Trustee Trust is a party and (ciii) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.66.3. The Neither the Depositor will not nor the Certificateholders shall direct the Owner Trustee to take any action that would violate the provisions of this Section 5.86.5.

Appears in 4 contracts

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (USAA Auto Owner Trust 2008-1), Trust Agreement (Ford Credit Auto Owner Trust 2005-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Neither the Depositors nor the holders of the Depositor Interest will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Floorplan Corp)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction 2012-A Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2012-A), Trust Agreement (Ford Credit Auto Lease Trust 2012-A)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon on the Owner Trustee pursuant to under this Agreement, (b) in accordance with the other Transaction 2015-A Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to under Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-A), Trust Agreement (Ford Credit Auto Lease Trust 2015-A)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction 2011-A Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2011-A), Trust Agreement (Ford Credit Auto Lease Trust 2011-A)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this AgreementAgree­ment, (b) in accordance with the other Transaction Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction instruc­tion delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2007-A), Trust Agreement (Ford Credit Auto Owner Trust 2007-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will may not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property Assets except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.03. The Depositor will Certificateholders may not direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.05.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Wholesale Receivables Corp Ii), Trust Agreement (Nissan Wholesale Receivables Corp Ii)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon on the Owner Trustee pursuant to under this Agreement, (b) in accordance with the other Transaction 2015-B Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to under Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon on the Owner Trustee pursuant to under this Agreement, (b) in accordance with the other Transaction 2014-B Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to under Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2014-B), Trust Agreement (Ford Credit Auto Lease Trust 2014-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction 2011-B Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2011-B), Trust Agreement (Ford Credit Auto Lease Trust 2011-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon on the Owner Trustee pursuant to under this Agreement, (b) in accordance with the other Transaction 20__-_ Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to under Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 1 contract

Samples: Trust Agreement (CAB West LLC)

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No Action Except Under Specified Documents or Instructions. The Owner Trustee will may not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property Estate except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.03. The Depositor will Transferor[s] may not direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.05.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Receivables LLC)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Owner Trust Property Estate except (ai) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (bii) in accordance with the other Transaction Basic Documents to which the Issuer Trust or the Owner Trustee Trust is a party and (ciii) in accordance with 18 any document or instruction delivered to the Owner Trustee pursuant to Section 5.66.3. The Neither the Depositor will not nor the Certificateholders shall direct the Owner Trustee to take any action that would violate the provisions of this Section 5.86.5.

Appears in 1 contract

Samples: Trust Agreement (Usaa Federal Savings Bank)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will may not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property Estate except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.03. The Depositor will not Neither the Transferor[s] nor the Certificateholders may direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.05.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Floorplan LLC)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this AgreementAgree-ment, (b) in accordance with the other Transaction Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2006-B)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction 20_-_ Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 1 contract

Samples: Trust Agreement (CAB West LLC)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (ai) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (bii) in accordance with the other Transaction Basic Documents to which the Issuer Trust or the Owner Trustee Trust is a party and (ciii) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.4. The Depositor will not direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.6.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2005-C)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will may not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property Estate except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.03. The Depositor will not Neither the Transferors nor the Certificateholders may direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.05.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Floorplan LLC)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will may not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the other Transaction Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 5.65.03. The Depositor will Certificateholders may not direct the Owner Trustee to take any action that would violate the provisions of this Section 5.85.05.

Appears in 1 contract

Samples: Master Trust Agreement (GMF Floorplan Owner Revolving Trust)

No Action Except Under Specified Documents or Instructions. The Owner Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Property except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this AgreementAgree-ment, (b) in accordance with the other Transaction Basic Documents to which the Issuer or the Owner Trustee is a party and (c) in accordance with any document or instruction instruc-tion delivered to the Owner Trustee pursuant to Section 5.6. The Depositor will not direct the Owner Trustee to take any action that would violate this Section 5.8.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2006-C)

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