Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 12 contracts
Samples: Trust Agreement (Jpmorgan Chase Bank, National Association), Trust Agreement, Trust Agreement (Chase Card Funding LLC)
Restrictions on Power. The Owner Trustee shall will not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 7 contracts
Samples: Trust Agreement, Trust Agreement (American Express Receivables Financing Corp VIII LLC), Trust Agreement (American Express Receivables Financing Corp VIII LLC)
Restrictions on Power. The Owner Trustee shall will not be required to take or refrain from taking any action if such action or inaction would be is contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 5 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Nissan Wholesale Receivables Corp Ii), Trust Agreement (Ford Credit Floorplan LLC)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 5 contracts
Samples: Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I), Trust Agreement (Hrsi Funding Inc Ii)
Restrictions on Power. The (a) Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.
(b) Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated by the Transaction Documents.
Appears in 5 contracts
Samples: Trust Agreement (First National Funding LLC), Trust Agreement (First National Funding LLC), Trust Agreement (First National Master Note Trust)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in this Agreement, the Transfer and Servicing Agreement and the Indenture.
Appears in 4 contracts
Samples: Trust Agreement (Nordstrom Inc), Trust Agreement (Nordstrom Inc), Trust Agreement (Nordstrom Credit Inc)
Restrictions on Power. The Owner Trustee Holders shall not be required direct the Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under this Agreement or any of the Transaction Related Documents or would be contrary to Section 2.032.3, nor shall the Trustee be obligated to follow any such direction, if given.
Appears in 3 contracts
Samples: Trust Agreement (Synchrony Card Issuance Trust), Trust Agreement (Synchrony Financial), Trust Agreement (GE Capital Credit Card Master Note Trust)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 3 contracts
Samples: Trust Agreement (First Consumers Master Trust), Trust Agreement (First Consumers Master Trust), Trust Agreement (Spiegel Master Trust)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 2 contracts
Samples: Trust Agreement (Dryrock Issuance Trust), Trust Agreement (Dryrock Issuance Trust)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 2 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I)
Restrictions on Power. The Owner Trustee shall not be required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the Transaction other Basic Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 2 contracts
Samples: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.032.03 and the Transferors shall not instruct the Owner Trustee to take any action that would be contrary to this Trust Agreement or any of the Transaction Documents and shall not instruct the Owner Trustee to refrain from taking any action which action, if not taken, would cause the Owner Trustee to violate the terms of this Trust Agreement or any of the Transaction Documents.
Appears in 2 contracts
Samples: Trust Agreement (Conseco Finance Credit Funding Corp), Trust Agreement (Conseco Finance Credit Card Funding Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the other Transaction Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.032.3.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in this Agreement, the Sale Agreement and the Indenture.
Appears in 1 contract
Samples: Trust Agreement (Sunterra Corp)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in this Agreement, the Transfer and Servicing Agreement and the Indenture. [END OF ARTICLE IV]
Appears in 1 contract
Samples: Trust Agreement (Advanta Business Recievables Corp)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in the Transaction Documents.
Appears in 1 contract
Restrictions on Power. The Owner Trustee shall not be required --------------------- to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 1 contract
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in the relevant Transaction Documents.
Appears in 1 contract
Samples: Trust Agreement (Compucredit Corp)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the Transaction other Basic Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 1 contract
Samples: Owner Trust Agreement (Auto Nations Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be ---------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 1 contract
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 1 contract
Samples: Trust Agreement (Household Affinity Funding Corp Iii)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 1 contract
Samples: Trust Agreement (Household Credit Card Master Note Trust I)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.
(b) The Owner Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in this Agreement, the Transfer and Servicing Agreement and the Indenture.
Appears in 1 contract
Samples: Trust Agreement (Associates Credit Card Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 1 contract
Samples: Trust Agreement (Household Affinity Funding Corp Iii)
