Owner Trustee and Trust Agent May Own Trust Certificates and Notes. The Owner Trustee and the Trust Agent, each in its individual or any other capacity, may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Insurer, the Administrator, the Indenture Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee or Trust Agent, as the case may be.
Appears in 7 contracts
Samples: Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp)
Owner Trustee and Trust Agent May Own Trust Certificates and Notes. The Owner Trustee and the Trust Agent, each in its individual or any other capacity, may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Insurer, the Administrator, Administrator and the Indenture Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee or Trust Agent, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Onyx Acceptance Corp), Trust Agreement (Onyx Acceptance Corp), Trust Agreement (Onyx Acceptance Corp)
