Common use of Relevant Trustee Clause in Contracts

Relevant Trustee. Following the payment in full of principal and interest on the Notes, the Owner Trustee shall assume the role of Relevant Trustee for purposes of Section 6.1(a) of the Servicing Agreement and Section 7.4 and Article VIII of the Indenture (notwithstanding the satisfaction and discharge of the Indenture following payment in full of principal and interest on the Notes), which are incorporated by reference into this Agreement; provided, however, that, for purposes of Section 7.4 of the Indenture, the Owner Trustee shall disseminate the Servicer’s Report in the manner set forth in Section 7.4(b) hereof.

Appears in 22 contracts

Samples: Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-1)

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Relevant Trustee. Following the payment in full of principal and interest on the Notes, the Owner Trustee shall assume the role of Relevant Trustee for all purposes of Section 6.1(a) under the Transaction Documents and shall perform the obligations of the Servicing Agreement and Section 7.4 Relevant Trustee under the Indenture. In furtherance of the foregoing, Article 7, Article 8 and Article VIII 12 of the Indenture (notwithstanding the satisfaction and discharge of the Indenture following payment in full of principal and interest on the Notes), which are hereby incorporated by reference into this Agreement; provided, however, that, for purposes of Section 7.4 of the Indenture, the Owner Trustee shall disseminate the Servicer’s Report in the manner set forth in Section 7.4(b) hereof.

Appears in 18 contracts

Samples: Trust Agreement (Fifth Third Auto Trust 2023-1), Trust Agreement (Fifth Third Auto Trust 2023-1), Trust Agreement (Fifth Third Holdings Funding, LLC)

Relevant Trustee. Following the payment in full of principal and interest on the Notes, the Owner Trustee shall assume the role of Relevant Trustee for all purposes of Section 6.1(a) under Amended and Restated the Transaction Documents and shall perform the obligations of the Servicing Agreement and Section 7.4 Relevant Trustee under the Indenture. In furtherance of the foregoing, Article 7, Article 8 and Article VIII 12 of the Indenture (notwithstanding the satisfaction and discharge of the Indenture following payment in full of principal and interest on the Notes), which are hereby incorporated by reference into this Agreement; provided, however, that, for purposes of Section 7.4 of the Indenture, the Owner Trustee shall disseminate the Servicer’s Report in the manner set forth in Section 7.4(b) hereof.

Appears in 1 contract

Samples: Trust Agreement (Fifth Third Holdings Funding, LLC)

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Relevant Trustee. Following the payment in full of principal and interest on the Notes, the Owner Trustee shall assume the role of Relevant Trustee for purposes of Section 6.1(a) of the Servicing Agreement and Section 7.4 7.3(a) and Article VIII of the Indenture (notwithstanding the satisfaction and discharge of the Indenture following payment in full of principal and interest on the Notes), which are incorporated by reference into this Agreement; provided, however, that, for purposes of Section 7.4 7.3(a) of the Indenture, the Owner Trustee shall disseminate the Servicer’s Report in the manner set forth in Section 7.4(b) hereof.

Appears in 1 contract

Samples: Trust Agreement (Huntington Funding, LLC)

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