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 2024-1 Co-Owner, such action or decision shall only be taken upon a Co-Owner Direction of the Series 2024-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 2024-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 2024-1 Co-Owner at its address specified in Section 12.4.

Appears in 1 contract

Samples: Series 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 20241997-1 Co-Owner, such action or decision shall only be taken upon a Co-Co- Owner Direction of the Series 20241997-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 20241997-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 20241997-1 Co-Owner at its address specified in Section 12.412.5.

Appears in 1 contract

Samples: Series 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 20242023-1 Co-Owner, such action or decision shall only be taken upon a Co-Owner Direction of the Series 20242023-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 20242023-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 20242023-1 Co-Owner at its address specified in Section 12.4.

Appears in 1 contract

Samples: Series 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 20242019-1 Co-Owner, such action or decision shall only be taken upon a Co-Owner Direction of the Series 20242019-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 20242019-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 20242019-1 Co-Owner at its address specified in Section 12.4.

Appears in 1 contract

Samples: Series 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 20242022-1 Co-Owner, such action or decision shall only be taken upon a Co-Owner Direction of the Series 20242022-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 20242022-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 20242022-1 Co-Owner at its address specified in Section 12.4.

Appears in 1 contract

Samples: Series 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 20242020-1 Co-Owner, such action or decision shall only be taken upon a Co-Owner Direction of the Series 20242020-1 Co-Owner. (2) A copy of any report, notice, document or other communication received by the Custodian pursuant to the Pooling and Servicing Agreement, any Additional Property Agreement, or this Agreement or any Related Documents relating to the Series 20242020-1 Ownership Interest shall, forthwith upon receipt by the Custodian, be delivered to the Series 20242020-1 Co-Owner at its address specified in Section 12.4.

Appears in 1 contract

Samples: Series Purchase Agreement

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