Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicer, shall be made only from any then available Trust Assets and only to the extent the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereof.
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Samples: Trust and Servicing Agreement (Nissan Auto Lease Trust 2003-A), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)
Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicernegligence, shall be made only from any then then-available Trust Assets and only to the extent that the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereofhereof or thereof.
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Leasing LLC Ii)
Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the ServicerAdministrative Agent, shall be made only from any then available Trust Assets Assets, and only to the extent the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereof.
Appears in 2 contracts
Samples: Trust Agreement (Ryder Funding Ii Lp), Trust Agreement (Ryder Truck Rental I Lp)
Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicer, Servicer shall be made only from any then available Trust Assets and only to the extent that the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereofhereof and thereof.
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