Common use of Payments to the Owner Trustee Clause in Contracts

Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Trust Property immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENT

Appears in 31 contracts

Samples: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

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Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Owner Trust Property Estate immediately after such payment. Any amounts owing to the Owner Trustee under this Agreement or the other Basic Documents shall constitute a claim against the Owner Trust Estate. ARTICLE NINE TERMINATION OF TRUST AGREEMENT

Appears in 5 contracts

Samples: Trust Agreement (Honda Auto Receivables 2012-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2012-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2010-3 Owner Trust)

Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Trust Property immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENT.

Appears in 4 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2015-1)

Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Trust Property immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENTNINE

Appears in 4 contracts

Samples: Trust Agreement (Daimler Trucks Retail Receivables LLC), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2020-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2020-1)

Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Owner Trust Property Estate immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENT

Appears in 3 contracts

Samples: Trust Agreement (Wachovia Auto Owner Trust 2008-A), Trust Agreement (WDS Receivables LLC), Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1)

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Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Trust Property shall be deemed not to be a part of the Trust Property Estate immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENT

Appears in 3 contracts

Samples: Trust Agreement (Harley-Davidson Customer Funding Corp.), Trust Agreement (Harley-Davidson Motorcycle Trust 2013-1), Trust Agreement (Harley-Davidson Motorcycle Trust 2012-1)

Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets that are part of the Owner Trust Property Estate shall be deemed not to be a part of the Owner Trust Property Estate immediately after such payment. ARTICLE NINE TERMINATION OF TRUST AGREEMENT

Appears in 1 contract

Samples: Trust Agreement (Daimler Retail Receivables LLC)

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