Common use of Purpose and Powers Clause in Contracts

Purpose and Powers. 4 Section 2.04. Appointment of Owner Trustee...................................... 4 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 Section 2.06. Declaration of Trust.............................................. 5 Section 2.07. Title to Trust Property........................................... 5 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 Section 3 SECTION 2.04. Appointment of Owner Trustee...................................... ............................. 4 Section SECTION 2.05. Initial Capital Contribution of Trust Estate...................... ............. 4 Section SECTION 2.06. Declaration of Trust.............................................. 5 Section ..................................... 4 SECTION 2.07. Title to Trust Property........................................... .................................. 5 Section SECTION 2.08. Situs of Trust.................................................... ........................................... 5 Section SECTION 2.09. Representations and Warranties of Transferor...................... ............. 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.ARTICLE III CERTIFICATE

Purpose and Powers. 4 Section 3 SECTION 2.04. Appointment of Owner Trustee...................................... ............................. 4 Section SECTION 2.05. Initial Capital Contribution of Trust Estate...................... ............. 4 Section SECTION 2.06. Declaration of Trust.............................................. 5 Section ..................................... 4 SECTION 2.07. Title to Trust Property........................................... 5 Section .................................. 4 SECTION 2.08. Situs of Trust.................................................... ........................................... 5 Section SECTION 2.09. Representations and Warranties of Transferor...................... ............. 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.ARTICLE III CERTIFICATE

Purpose and Powers. 4 Section 2.04. 5 SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ..................................................6 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. ........................6 SECTION 2.6 Declaration of Trust.............................................. 5 Section 2.07. ..........................................................6 SECTION 2.7 Liability of the Holders......................................................6 SECTION 2.8 Title to Trust Property........................................... 5 Section 2.08. .......................................................6 SECTION 2.9 Situs of Trust.................................................... 5 Section 2.09. ................................................................7 SECTION 2.10 Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Seller..................................7 SECTION 2.11 Federal Income Tax Allocations................................................8 ARTICLE III

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 .................................. 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 .................. 3 Section 2.062.6. Declaration of Trust.............................................. 5 .......................................... 3 Section 2.072.7. Title to Trust Property........................................... 5 ....................................... 3 Section 2.082.8. Situs of Trust.................................................... 5 ................................................ 3 Section 2.092.9. Representations and Warranties of TransferorSeller...................... 5 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries.................................... 5

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 Trustee ................... 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 .... 3 Section 2.06. Declaration of Trust.............................................. 5 Section 2.07. Title to Trust Property........................................... 5 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.112.6.

Purpose and Powers. 4 Owner Trust to Operate as a Single Purpose Entity ...................................... 7 Section 2.04. Appointment of Owner Trustee...................................... 4 ................................ 9 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 Estate ............... 9 Section 2.06. Declaration of Trust.............................................. 5 ........................................ 10 Section 2.07. Title to Trust Property........................................... 5 Property .................................... 10 Section 2.08. Situs of Owner Trust.................................................... 5 ....................................... 10 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiary .......... 10

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 ................................................. 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 ................................. 3 Section 2.062.6. Declaration of Trust.............................................. 5 ......................................................... 3 Section 2.072.7. Title to Trust Property........................................... 5 ...................................................... 3 Section 2.082.8. Situs of Trust.................................................... 5 ............................................................... 3 Section 2.092.9. Representations and Warranties of Transferor...................... 5 Seller..................................... 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries................................................... 5

Purpose and Powers. 4 Section SECTION 2.04. Appointment of Owner Trustee...................................... ...........................4 Section SECTION 2.05. Initial Capital Contribution of Trust Estate...................... ...........4 Section SECTION 2.06. Declaration of Trust.............................................. ...................................5 Section SECTION 2.07. Liability of the Owner.................................5 SECTION 2.08. Title to Trust Property........................................... ................................5 Section 2.08SECTION 2.09. Situs of Trust.................................................... .........................................5 Section 2.09SECTION 2.10. Representations and Warranties of Transferor...................... Seller...............5 Section 2.10SECTION 2.11. Liability of Holders of the Certificates.......................... 6 Section 2.11.Amended and Restated Trust Agreement...................6

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 ....................................3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 ....................3 Section 2.062.6. Declaration of Trust.............................................. 5 ............................................3 Section 2.072.7. Title to Trust Property........................................... 5 .........................................3 Section 2.082.8. Situs of Trust.................................................... 5 ..................................................4 Section 2.092.9. Representations and Warranties of Transferor...................... 5 ....................4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries......................................5

Purpose and Powers. 4 Section 2.04. 5 SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ............................. 6 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. Declaration of Trust.............................................. 5 Section 2.07. Title to Trust Property........................................... 5 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... ... 6 Section 2.11.SECTION 2.6

Purpose and Powers. 4 Section SECTION 2.04. Appointment of Owner Trustee...................................... .......................................... 4 Section SECTION 2.05. Initial Capital Contribution of Trust Estate...................... .......................... 4 Section SECTION 2.06. Declaration of Trust.............................................. .................................................. 5 Section SECTION 2.07. Liability of the Owner................................................ 5 SECTION 2.08. Title to Trust Property........................................... ............................................... 5 Section 2.08SECTION 2.09. Situs of Trust.................................................... ........................................................ 5 Section 2.09SECTION 2.10. Representations and Warranties of Transferor...................... Seller.............................. 5 Section 2.10SECTION 2.11. Liability of Holders of the Certificates.......................... 6 Section 2.11.Amended and Restated Trust Agreement.................................. 6

Purpose and Powers. 4 Section 2.04. 5 SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ................................................ 6 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. 6 SECTION 2.6 Declaration of Trust.............................................. 5 Section 2.07........................................................ 6 SECTION 2.7 Liability of the Holders.................................................... 6 SECTION 2.8. Title to Trust Property........................................... 5 Section 2.08. ..................................................... 6 SECTION 2.9 Situs of Trust.................................................... 5 Section 2.09. .............................................................. 7 SECTION 2.10 Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Seller................................ 7 SECTION 2.11 Federal Income Tax Allocations.............................................. 8 ARTICLE III

Purpose and Powers. 4 2 Section 2.04. Appointment of Owner Trustee...................................... 4 ................................. 3 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 ......................... 3 Section 2.06. Declaration of Trust.............................................. 5 ......................................... 3 Section 2.07. Title to Trust Property........................................... 5 ...................................... 3 Section 2.08. Situs of Trust.................................................... 5 ............................................... 3 Section 2.09. Representations and Warranties of Transferor...................... 5 ................. 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries................................... 5

Purpose and Powers. 4 Section 2.04. 5 SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ..................................................6 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. ........................6 SECTION 2.6 Declaration of Trust.............................................. 5 Section 2.07. ..........................................................6 SECTION 2.7 Liability of the Holders......................................................6 SECTION 2.8 Title to Trust Property........................................... 5 Section 2.08. .......................................................6 SECTION 2.9 Situs of Trust.................................................... 5 Section 2.09. ................................................................7 SECTION 2.10 Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Depositor...............................7 SECTION 2.11 Federal Income Tax Allocations................................................8 ARTICLE III

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 Trustee ............................. 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 Estate ..................... 3 Section 2.062.6. Declaration of Trust.............................................. 5 Trust ..................................... 3 Section 2.072.7. Title to Trust Property........................................... 5 Property .................................. 4 Section 2.082.8. Situs of Trust.................................................... 5 Trust ........................................... 4 Section 2.092.9. Representations and Warranties of Transferor...................... 5 Transferor ............. 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries ............................... 5

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 ..................................... 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 ..................... 3 Section 2.062.6. Declaration of Trust.............................................. 5 ............................................. 3 Section 2.072.7. Title to Trust Property........................................... 5 .......................................... 3 Section 2.082.8. Situs of Trust.................................................... 5 ................................................... 3 Section 2.092.9. Representations and Warranties of Transferor...................... 5 Seller......................... 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiaries....................................... 5 ARTICLE III

Purpose and Powers. 4 3 Section 2.04. 2.04 Appointment of Owner Trustee...................................... ..................................................... 4 Section 2.05. 2.05 Initial Capital Contribution of Trust Estate...................... Assets..................................... 4 Section 2.06. 2.06 Declaration of Trust.............................................. 5 ............................................................. 4 Section 2.07. 2.07 Title to Trust Property........................................... 5 .......................................................... 4 Section 2.08. 2.08 Situs of Trust.................................................... ................................................................... 5 Section 2.09. 2.09 Representations and Warranties of Transferor...................... ..................................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 6 Section 2.04. Appointment of the Owner Trustee...................................... 4 ........................ 6 Section 2.05. Initial Capital Contribution Contribution; Declaration of Trust Estate...................... 4 Trust...... 7 Section 2.06. Declaration Issuance of Trust.............................................. 5 Initial Certificates........................ 7 Section 2.07. Title to Trust Property........................................... 5 Liability of the Ownership Certificate Holder........... 7 Section 2.08. Situs of Trust.................................................... 5 .......................................... 7 Section 2.09. Title to Trust Property................................. 8 Section 2.10. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Depositor......... 8 Section 2.11.

Purpose and Powers. 4 Section 2.04. Appointment of the Owner Trustee...................................... 4 Section .............................. 5 2.05. Initial Capital Contribution of Trust Estate...................... 4 Section 2.06. Declaration of Trust.............................................. 5 Section .......................................... 6 2.06. Situs of Trust................................................ 6 2.07. Title to Trust Property........................................... 5 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... ....................................... 6 Section 2.11.ARTICLE III ISSUANCE, OWNERSHIP AND TRANSFER OF CERTIFICATES

Purpose and Powers. 4 2 Section 2.04. 2.4 Appointment of Owner Trustee...................................... 4 Trustee ............................................................ 3 Section 2.05. Initial 2.5 Capital Contribution of Trust Estate...................... 4 Estate .................................................... 3 Section 2.06. 2.6 Declaration of Trust.............................................. 5 Trust .................................................................... 3 Section 2.07. 2.7 Title to Trust Property........................................... 5 Property ................................................................. 3 Section 2.08. 2.8 Situs of Trust.................................................... 5 Trust .......................................................................... 3 Section 2.09. 2.9 Representations and Warranties of Transferor...................... 5 Transferor ............................................ 3 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 Section 2.04. Appointment of Owner Trustee...................................... 4 ...........................................................5 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 ...........................................5 Section 2.06. Declaration of Trust.............................................. ...................................................................5 Section 2.07. Title to Trust Property........................................... ................................................................5 Section 2.08. Situs of Trust.................................................... .........................................................................5 Section 2.09. Representations and Warranties of Transferor...................... 5 Transferor[s]........................................6 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 2 Section 2.042.4. Appointment of Owner Trustee...................................... 4 ........................... 3 Section 2.052.5. Initial Capital Contribution of Trust Estate...................... 4 ........... 3 Section 2.062.6. Declaration of Trust.............................................. 5 ................................... 3 Section 2.072.7. Title to Trust Property........................................... 5 ................................ 3 Section 2.082.8. Situs of Trust.................................................... 5 ......................................... 3 Section 2.092.9. Representations and Warranties of Transferor...................... 5 Seller............... 4 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 Section 2.04. SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ..................................................5 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. ........................5 SECTION 2.6 Declaration of Trust.............................................. ..........................................................5 Section 2.07SECTION 2.7 Liability of the Holders......................................................5 SECTION 2.8. Title to Trust Property........................................... .......................................................5 Section 2.08. SECTION 2.9 Situs of Trust.................................................... ................................................................5 Section 2.09. SECTION 2.10 Representations and Warranties of Transferor...................... the Depositor...............................5 Section 2.10. Liability of Holders of the Certificates.......................... SECTION 2.11 Federal Income Tax Allocations................................................6 Section 2.11.ARTICLE III

Purpose and Powers. 4 Section SECTION 2.04. Appointment of Owner Trustee...................................... 4 Section ............................. 5 SECTION 2.05. Initial Capital Contribution of Trust Estate...................... 4 Section ............. 5 SECTION 2.06. Declaration of Trust.............................................. ..................................... 5 Section SECTION 2.07. Liability of the Owner................................... 5 SECTION 2.08. Title to Trust Property........................................... .................................. 5 Section 2.08SECTION 2.09. Situs of Trust.................................................... ........................................... 5 Section 2.09SECTION 2.10. Representations and Warranties of Transferor...................... 5 Section 2.10Seller................. 6 SECTION 2.11. Liability of Holders of the Certificates.......................... 6 Section 2.11.Amended and Restated Trust Agreement..................... 7 ARTICLE III CERTIFICATES AND TRANSFER OF INTERESTS

Purpose and Powers. 4 Section 2.04. Appointment of Owner Trustee...................................... 4 ................................. 5 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 ................. 5 Section 2.06. Declaration of Trust.............................................. ......................................... 5 Section 2.07. Title to Trust Property........................................... ...................................... 5 Section 2.08. Situs of Trust.................................................... ............................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 ................. 6 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 6 Section 2.04. Appointment of the Owner Trustee...................................... 4 Trustee ......................... 6 Section 2.05. Initial Capital Contribution Contribution; Declaration of Trust Estate...................... 4 ....... 6 Section 2.06. Declaration of Trust.............................................. 5 Initial Beneficiary ...................................... 7 Section 2.07. Title to Trust Property........................................... 5 Liability of the Holder of the Ownership Certificates .... 7 Section 2.08. Situs of Trust.................................................... 5 Trust ........................................... 7 Section 2.09. Title to Trust Property .................................. 7 Section 2.10. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Depositor .......... 8 Section 2.11.

Purpose and Powers. 4 Section 2.04. 5 SECTION 2.4 Appointment of Owner Trustee...................................... 4 Section 2.05. ...............................6 SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... 4 Section 2.06. Declaration of Trust.............................................. 5 Section 2.07. Title to Trust Property........................................... 5 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... .....6 Section 2.11.SECTION 2.6

Purpose and Powers. 4 Owner Trust to Operate as a Single Purpose Entity...........................................7 Section 2.04. Appointment of Owner Trustee...................................... 4 ...............................9 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 ...............9 Section 2.06. Declaration of Trust.............................................. 5 ......................................10 Section 2.07. Title to Trust Property........................................... 5 ...................................10 Section 2.08. Situs of Owner Trust.................................................... 5 ......................................10 Section 2.09. Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiary.........10

Purpose and Powers. 4 Owner Trust to Operate as a Single Purpose Entity............................................5 Section 2.04. 2.04 Appointment of Owner Trustee...................................... 4 ................................7 Section 2.05. 2.05 Initial Capital Contribution of Trust Estate...................... 4 ................7 Section 2.06. 2.06 Declaration of Trust.............................................. 5 ........................................7 Section 2.07. 2.07 Title to Trust Property........................................... 5 .....................................8 Section 2.08. 2.08 Situs of Owner Trust.................................................... 5 ........................................8 Section 2.09. 2.09 Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Beneficiary...........8

Purpose and Powers. 4 Section 2.04. Appointment of Owner Trustee...................................... 4 .................................................. 5 Section 2.05. Initial Capital Contribution of Trust Estate...................... 4 .................................. 5 Section 2.06. Declaration of Trust.............................................. .......................................................... 5 Section 2.07. Title to Trust Property........................................... ....................................................... 5 Section 2.08. Situs of Trust.................................................... ................................................................ 5 Section 2.09. Representations and Warranties of Transferor...................... 5 .................................. 6 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.

Purpose and Powers. 4 Section 2.04. SECTION 2.4 Appointment of Owner Trustee...................................... ..................................................4 Section 2.05. SECTION 2.5 Initial Capital Contribution of the Owner Trust Estate...................... ........................4 Section 2.06. SECTION 2.6 Declaration of Trust.............................................. ..........................................................4 SECTION 2.7 Liability of the Holders......................................................5 Section 2.07SECTION 2.8. Title to Trust Property........................................... .......................................................5 Section 2.08. SECTION 2.9 Situs of Trust.................................................... ................................................................5 Section 2.09. SECTION 2.10 Representations and Warranties of Transferor...................... the Depositor...............................5 Section 2.10. Liability of Holders of the Certificates.......................... SECTION 2.11 Federal Income Tax Allocations................................................6 Section 2.11.ARTICLE III

Purpose and Powers. 4 Section SECTION 2.04. Appointment of Owner Trustee...................................... ....................................... 4 Section SECTION 2.05. Initial Capital Contribution of Trust Estate...................... ....................... 4 Section SECTION 2.06. Declaration of Trust.............................................. ............................................... 5 Section SECTION 2.07. Liability of the Owner............................................. 5 SECTION 2.08. Title to Trust Property........................................... ............................................ 5 Section 2.08SECTION 2.09. Situs of Trust.................................................... ..................................................... 5 Section 2.09SECTION 2.10. Representations and Warranties of Transferor...................... Seller........................... 5 Section 2.10SECTION 2.11. Liability of Holders of the Certificates.......................... 6 Section 2.11.Amended and Restated Trust Agreement............................... 6

Purpose and Powers. 4 7 Section 2.04. 2.04 Appointment of the Owner Trustee...................................... 4 ..............................7 Section 2.05. 2.05 Initial Capital Contribution of Trust Estate...................... 4 Section 2.06. Contribution; Declaration of Trust.............................................. 5 ............8 Section 2.07. 2.06 Issuance of Initial Residual Certificates.....................8 Section 2.07 Liability of the Holder of the Residual Certificates..........8 Section 2.08 Situs of Trust................................................8 Section 2.09 Title to Trust Property........................................... 5 .......................................9 Section 2.08. Situs of Trust.................................................... 5 Section 2.09. 2.10 Representations and Warranties of Transferor...................... 5 Section 2.10. Liability of Holders of the Certificates.......................... 6 Section 2.11.Depositor...............9