Common use of Relevant Trustee Clause in Contracts

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

Relevant Trustee. Following the payment in full of principal and interest on the Notes and receipt of written notification from the Servicer, the Owner Trustee 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 hereunder (individually and as Owner Trustee) shall be equally applicable to Xxxxx Fargo in its role as Relevant Trustee.Trustee under the Transaction Documents. 19 Amended and Restated Trust Agreement (2014-2)