Common use of Qualification of Trustee Clause in Contracts

Qualification of Trustee. (a) Except as otherwise provided in this Agreement, the Trustee shall at all times be (i) a corporation organized under the laws of the United States or any State (which corporation shall not be a Beneficiary or any Affiliate thereof), (ii) qualified to do business in the States requested in writing by the Servicer and (iii) otherwise acceptable to each Rating Agency.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Nissan Auto Lease Trust 2003-A), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)

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Qualification of Trustee. (a) Except as otherwise provided in this Agreement, the Trustee shall at all times be (i) a corporation organized under the laws of any State or the United States or any State (which corporation shall not be a Beneficiary or any Affiliate thereof), (ii) qualified to do business in the States requested in writing by the Servicer Administrative Agent and (iii) otherwise acceptable to each Rating Agency.

Appears in 1 contract

Samples: Trust Agreement (Ryder Truck Rental I Lp)

Qualification of Trustee. (a) Except as otherwise provided in this Agreement, the Trustee shall at all times be (i) a corporation organized under the laws of the United States or any State (which corporation shall not be a Beneficiary or any Affiliate thereof), (ii) qualified to do business in the States requested in writing by the Servicer and (iii) otherwise acceptable to each Rating Agency.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Honda Titling D Lp)

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Qualification of Trustee. (a) Except as otherwise provided in this Agreement, the Trustee shall at all times be (i) a corporation organized under the laws of any State or the United States or any State (which corporation shall not be a Beneficiary or any Affiliate thereof), (ii) qualified to do business in the States requested in writing by the Servicer and (iii) otherwise acceptable to each Rating Agency.States

Appears in 1 contract

Samples: Trust Agreement (Ryder Funding Ii Lp)

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