Common use of No Discretion of Custodian Clause in Contracts

No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 1997-1 Co-Owner, such action or decision shall only be taken upon a Co- Owner Direction of the Series 1997-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

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No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Series 202●-● Purchase Agreement, if the Pooling and Servicing Agreement or this Series 202●-● Purchase Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 1997-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 1997-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement (Royal Bank of Canada)

No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972024-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972024-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972019-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972019-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972020-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972020-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

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No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972022-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972022-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

No Discretion of Custodian. (1) . Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Series 2023-1 Purchase Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972023-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972023-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

No Discretion of Custodian. (1) Except when the Custodian is specifically directed under the Pooling and Servicing Agreement or this Agreement, if the Pooling and Servicing Agreement or this Agreement contemplates that an action or decision will be made or taken by the Custodian, for or on behalf of the Series 19972023-1 Co-Owner, such action or decision shall only be taken upon a Co- Co-Owner Direction of the Series 19972023-1 Co-Owner.

Appears in 1 contract

Samples: Purchase Agreement

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