Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the AART Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the AART Owner Trustee under this Agreement, including Section 2.3 of this Agreement, or any of the other AART Transaction Documents, nor shall the AART Owner Trustee be obligated to follow any such direction, if given. The Certificateholders shall not and shall not direct the AART Owner Trustee to take action that would violate the provisions of Section 6.1 and, if given, the AART Owner Trustee shall not be obligated to follow any such direction.
Appears in 11 contracts
Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC)
Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the AART Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the AART Owner Trustee under this Agreement, including Section 2.3 of this Agreement, or any of the other AART Transaction Basic Documents, nor shall the AART Owner Trustee be obligated to follow any such direction, if given. The Certificateholders shall not and shall not direct the AART Owner Trustee to take action that would violate the provisions of Section 6.1 and, if given, the AART Owner Trustee shall not be obligated to follow any such direction.
Appears in 1 contract
Samples: Trust Agreement (Ally Central Originating Lease Trust)
