Common use of Protection of Title to Trust Clause in Contracts

Protection of Title to Trust. (a) The Depositor shall authorize or execute and file such financing statements or amendments to financing statements and cause to be authorized or executed, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the Indenture Trustee and the Issuing Entity under this Agreement and the Second Step Receivables Assignment in the Receivables and in the proceeds thereof. The Depositor shall deliver (or cause to be delivered) to the Indenture Trustee and the Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 16 contracts

Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2012-4), Trust Sale Agreement (Ally Auto Receivables Trust 2012-4), Trust Sale Agreement (Ally Auto Receivables Trust 2012-2)

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Protection of Title to Trust. (a) The Depositor shall authorize or execute prepare, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or executedTable of Contents prepared, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the Indenture Trustee and the Issuing Entity under this Agreement and the Second Step Receivables Assignment in the Receivables and in the proceeds thereof. The Depositor shall deliver (or cause to be delivered) to the Indenture Trustee and the Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 2 contracts

Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2017-1), Trust Sale Agreement (Ally Auto Receivables Trust 2017-1)

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Protection of Title to Trust. (a) The Depositor or the Servicer or both shall authorize or execute and/or execute, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or and/or executed, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the Indenture Trustee and the Issuing Entity Owner Trustee under this Agreement and the Second Step Receivables Assignment in the Receivables and in the proceeds thereof. The Depositor or the Servicer or both shall deliver (or cause to be delivered) to the Indenture Trustee and the Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (Ally Auto Receivables Trust 2010-1), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

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