Common use of Rights of Indenture Trustee Clause in Contracts

Rights of Indenture Trustee. (a) Except as otherwise provided in the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting or refraining from acting upon, any resolution, Officer’s Certificate, Opinion of Counsel, certificate of auditors, Independent Certificate or any other document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation or matter stated in the document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 75 contracts

Samples: Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2023-4 Owner Trust)

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Rights of Indenture Trustee. (a) Except as otherwise provided in the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting or refraining from acting upon, any resolution, Officer’s 's Certificate, Opinion of Counsel, certificate of auditors, Independent Certificate or any other document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation or matter stated in the document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 16 contracts

Samples: Honda Auto Receivables 2006-2 Owner Trust, Honda Auto Receivables 2007-1 Owner Trust, Honda Auto Receivables 2007-2 Owner Trust

Rights of Indenture Trustee. (a) Except as otherwise provided in by the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting upon or refraining from acting upon, upon any resolution, Officer’s Certificatecertificate, Opinion of Counselstatement, certificate of auditorsinstrument, Independent Certificate opinion, report, notice, request, consent, order, note, direction, demand, election or any other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation fact or matter stated in the document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 8 contracts

Samples: Vehicle Lease (Financial Services Vehicle Trust), Vehicle Lease (Financial Services Vehicle Trust), BMW Vehicle Lease (BMW Auto Leasing LLC)

Rights of Indenture Trustee. (a) Except as otherwise provided in by the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting upon or refraining from acting upon, upon any resolution, Officer’s Certificatecertificate, Opinion of Counselstatement, certificate of auditorsinstrument, Independent Certificate opinion, report, notice, request, consent, order, note, direction, demand, election or any other paper or document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation fact or matter stated in the document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 6 contracts

Samples: Indenture Default (Nissan-Infiniti Lt), Indenture (Nissan Auto Lease Trust 2004-A), Ryder Truck Rental I Lp

Rights of Indenture Trustee. (a) Except as otherwise provided in by the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting upon or refraining from acting upon, upon any resolution, Officer’s Certificatecertificate, Opinion of Counselstatement, certificate of auditorsinstrument, Independent Certificate opinion, report, notice, request, consent, order, note, direction, demand, election or any other paper or document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation fact or matter stated in the document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply on their face as to form to the requirements of this Indenture.

Appears in 1 contract

Samples: Indenture Default (Nissan-Infiniti Lt)

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Rights of Indenture Trustee. (a) Except as otherwise provided in by the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting upon or refraining from acting upon, upon any resolution, Officer’s Certificatecertificate, Opinion of Counselstatement, certificate of auditorsinstrument, Independent Certificate opinion, report, notice, request, consent, order, note, direction, demand, election or any other paper or document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation fact or matter stated in any of the documentforegoing. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Ryder Truck Rental Lt)

Rights of Indenture Trustee. (a) Except as otherwise provided in by the second succeeding sentence, the Indenture Trustee may conclusively rely on, and shall be protected in acting upon or refraining from acting upon, upon any resolution, Officer’s Certificatecertificate, Opinion of Counselstatement, certificate of auditorsinstrument, Independent Certificate opinion, report, notice, request, consent, order, note, direction, demand, election or any other paper or document believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact, calculation fact or matter stated in the related item or document. Notwithstanding the foregoing, the Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee it that shall be specifically required to be furnished pursuant to any provision of this Indenture, shall examine them to determine whether they comply as to form to the requirements of this Indenture.

Appears in 1 contract

Samples: Indenture (Xerox Corp)

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