Common use of Relevant Trustee Clause in Contracts

Relevant Trustee. Following the payment in full of principal of, and interest on, the Notes and receipt of written notification from the Servicer, the Certificate Paying Agent shall assume the role of Relevant Trustee and shall perform the express obligations of the Relevant Trustee under the Sale and Servicing Agreement. All of the same rights, protections, indemnities and immunities of Xxxxx Fargo Bank, National Association hereunder (individually and as Certificate Paying Agent) shall be equally applicable to Xxxxx Fargo Bank, National Association in its role as Relevant Trustee under the Transaction Documents.

Appears in 44 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-1), Trust Agreement (Santander Drive Auto Receivables Trust 2021-1), Trust Agreement (Santander Drive Auto Receivables Trust 2020-4)

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Relevant Trustee. Following the payment in full of principal of, and interest on, the Notes and receipt of written notification from the Servicer, the Certificate Paying Agent shall assume the role of Relevant Trustee and shall perform the express obligations of the Relevant Trustee under the Sale and Servicing Agreement. All of the same rights, protections, indemnities and immunities of Xxxxx Fargo Bank, National Association N.A. hereunder (individually and as Certificate Paying Agent) shall be equally applicable to Xxxxx Fargo Bank, National Association N.A. in its role as Relevant Trustee under the Transaction Documents.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

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Relevant Trustee. Following the payment in full of principal of, and interest on, the Notes and receipt of written notification from the Servicer, the Certificate Paying Agent shall assume the role of Relevant Trustee and shall perform the express obligations of the Relevant Trustee under the Sale and Servicing Agreement. All of the same rights, protections, indemnities and immunities of Xxxxx Fargo Bank, National Association hereunder (individually and as Certificate Paying Agent) shall be equally applicable to Xxxxx Fargo Bank, National Association in its role as Relevant Trustee under the Transaction Documents.. 19 Amended and Restated

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables Trust 2017-2)

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