Restriction of Owner Trustee Activities Sample Clauses

Restriction of Owner Trustee Activities. Until the date that is ninety-one (91) days after the payment by the Owner Trustee in full of all payments on the Notes and any amount owed to the Note Insurer, the Owner Trustee, as owner trustee for the Trust, will not on or after the date of execution of this Indenture (i) permit the Trust to engage in any business or investment activities other than those necessary for, incident to, connected with or arising out of, owning and Granting the Trust Property to the Indenture Trustee for the benefit of the Noteholders, and, subject to the provisions hereof, the Note Insurer, or contemplated hereby, in the Trust Agreement, the Contribution Agreement and the Servicing Agreement (which business and investment activities will not be contrary to the Trust's status as a "Qualifying SPE" under FAS 140 or any successor accounting standard thereto), (ii) incur any indebtedness secured in any manner by, or having any claim against, the Trust Property or the Owner Trustee, except the Certificate or indebtedness arising under the Servicing Agreement, the Insurance Agreement or the Indenture Trustee fee letter, or (iii) incur any other indebtedness except as permitted in the Trust Agreement, without giving notice thereof in writing, not less than 30 nor more than ninety (90) days prior to the date on which such amendment is to become effective, to the Indenture Trustee and the Rating Agencies by delivery of an Officer's Certificate and obtaining the prior written consent thereto of the Note Insurer.

Restriction of Owner Trustee Activities. 55 Section 3.05 Protection of Trust Property.....................56 Section 3.06 Opinions as to Trust Property....................57 Section 3.07 Statement as to Compliance.......................58 Section 3.08 Limitations on Liens.............................59 Section 3.09 Recording........................................59 Section 3.10 Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants................59

Restriction of Owner Trustee Activities. 57 Section 3.05 Protection of Trust Property ................................................ 58 Section 3.06 Opinions as to Trust Property ............................................... 59 Section 3.07 Statement as to Compliance .................................................. 60 TABLE OF CONTENTS (continued) Page Section 3.08 Limitations on Liens ........................................................ 61 Section 3.09 Recording ................................................................... 61 Section 3.10 Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants .... 61 Section 3.11 Providing of Notice ......................................................... 64 Section 3.12 Representations and Warranties of the Owner Trustee ......................... 64 Section 3.13 Representations and Warranties of the Indenture Trustee ..................... 67 Section 3.14 Maintenance of Office or Agency ............................................. 67 ARTICLE IV ADMINISTRATION AND SERVICING OF RECEIVABLES ............................................ 68 Section 4.01 Servicing Agreement ......................................................... 68 ARTICLE V ACCOUNTS, COLLECTIONS, PAYMENTS OF INTEREST AND PRINCIPAL, RELEASES, RESERVE FUND, AND STATEMENTS TO NOTEHOLDERS .............................................................. 69 Section 5.01 Accounts .................................................................... 69 Section 5.02 Collections ................................................................. 69 Section 5.03 Application of Collections .................................................. 70 Section 5.04 Collection Account .......................................................... 70 Section 5.05 Deposit of Funds in the Revenue Fund and Transfer of Funds from the Revenue Fund and the Reserve Fund ................................................... 71 Section 5.06 Issuance Fund ............................................................... 76 Section 5.07 Account Property ............................................................ 76 Section 5.08 Pre-Funding Account ......................................................... 77