Common use of Owner Trustee May Own Residual Certificates and Notes Clause in Contracts

Owner Trustee May Own Residual Certificates and Notes. The Owner Trustee in its individual capacity may become a Holder (provided it is an Eligible corporation) or the owner or pledgee of Notes and may deal with the Depositor, the Administrator and the Indenture Trustee in banking transactions with the same rights as it would have if it were not Owner Trustee.

Owner Trustee May Own Residual Certificates and Notes. The Owner Trustee in its individual capacity may become a the Holder (provided it is an Eligible corporation) or the owner or pledgee of Notes and may deal with the Depositor, the Administrator and the Indenture Trustee in banking transactions with the same rights as it would have if it were not Owner Trustee.

Owner Trustee May Own Residual Certificates and Notes. The Owner Trustee in its individual or any other capacity may become a Holder (provided it is an Eligible corporation) or the owner or pledgee of Residual Certificates or Notes and may deal with the Depositor, the Administrator and Company, 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.

Owner Trustee May Own Residual Certificates and Notes. The Owner Trustee in its individual capacity may become a Holder (provided it is an Eligible eligible corporation) or the owner or pledgee of Notes and may deal with the Depositor, the Administrator and the Indenture Trustee in banking transactions with the same rights as it would have if it were not Owner Trustee.