Not Acting in Individual Capacity. Except as otherwise provided in this Article, in accepting the trusts hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware is acting solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 65 contracts
Samples: Trust Agreement (Honda Auto Receivables 2024-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust)
Not Acting in Individual Capacity. Except as otherwise provided stated in this ArticleArticle VI, in accepting the trusts hereby createdcreated by this Agreement, each of The Bank of New York Mellon acts solely as Owner Trustee under this Agreement and not in its individual capacity and BNY Mellon Trust of Delaware is acting acts solely as Owner Delaware Trustee and Delaware Trustee, respectively, hereunder under this Agreement and not in its individual capacity, and all Persons having any . Any Person with a claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic related to a Transaction Document shall will look only to the Owner Trust Estate Property for payment or satisfaction thereofof that claim.
Appears in 32 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2024-B), Trust Agreement (Ford Credit Auto Lease Trust 2024-B), Trust Agreement (Ford Credit Auto Lease Trust 2024-A)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware is acting Delaware, acts solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 14 contracts
Samples: Trust Agreement (World Omni Select Auto Trust 2021-A), Trust Agreement (World Omni Select Auto Trust 2021-A), Trust Agreement (World Omni Select Auto Trust 2020-A)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware is acting acts solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 8 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2015-A), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, created each of The Bank of New York Mellon Trust Company, National Association, and BNY Mellon Trust of Delaware is Delaware, are acting solely as Owner Eligible Lender Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, capacity and all Persons having any claim against the Owner Eligible Lender Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 5 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2010-1), Trust Agreement (SLM Student Loan Trust 2009-1), Trust Agreement (SLM Student Loan Trust 2009-2)
Not Acting in Individual Capacity. Except as otherwise provided in this Article, in accepting the trusts hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware is Delaware, acting solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 5 contracts
Samples: Trust Agreement (Honda Auto Receivables 2013-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2013-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2011-3 Owner Trust)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware is acting acts solely as the Owner Trustee and the Delaware Trustee, respectively, hereunder and not in its individual capacity, capacity and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 4 contracts
Samples: Trust Agreement (Fifth Third Auto Trust 2019-1), Trust Agreement (Fifth Third Auto Trust 2019-1), Trust Agreement (Fifth Third Auto Trust 2017-1)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, each of The Bank of New York Mellon and created BNY Mellon Trust of Delaware is acting acts solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, capacity and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 3 contracts
Samples: Trust Agreement (John Deere Owner Trust 2010), Trust Agreement (John Deere Owner Trust 2009), Trust Agreement (John Deere Owner Trust 2009-B)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, created each of The Bank of New York Mellon Trust Company, National Association, and BNY Mellon Trust of Delaware is Delaware, are acting solely as Owner Eligible Lender Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Eligible Lender Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 3 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2012-1), Trust Agreement (SLM Student Loan Trust 2011-3), Trust Agreement (SLM Student Loan Trust 2011-2)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, created each of The Bank of New York Mellon Trust Company, National Association, and BNY Mellon Deutsche Bank Trust of Delaware is Company Delaware, are acting solely as Owner Eligible Lender Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Eligible Lender Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 2 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2012-3), Trust Agreement (SLM Student Loan Trust 2012-2)
Not Acting in Individual Capacity. Except as otherwise provided in this ArticleArticle VII, in accepting the trusts hereby created, each of The Bank of New York Mellon and created BNY Mellon Trust of Delaware is acting acts solely as Owner Trustee and Delaware Trustee, respectively, hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.
Appears in 2 contracts
Samples: Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-A), Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-B)