Common use of Rights of Owner Trustee Clause in Contracts

Rights of Owner Trustee. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer is to be a party, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 9 contracts

Samples: Trust Agreement (California Republic Auto Receivables Trust 2015-2), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)

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Rights of Owner Trustee. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, in such form as the Depositor Initial Beneficiary shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 3 contracts

Samples: Trust Agreement (Huntington Auto Trust 2012-2), Trust Agreement (Huntington Funding, LLC), Trust Agreement (Huntington Auto Trust 2012-1)

Rights of Owner Trustee. The Owner Trustee is authorized and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, in such form as the Depositor Transferor shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 3 contracts

Samples: Trust Agreement (Volkswagen Dealer Finance LLC), Trust Agreement (Wodfi LLC), Trust Agreement (Alliance Laundry Corp)

Rights of Owner Trustee. The Owner Trustee is ----------------------- authorized and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, in such form as the Depositor Seller shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 2 contracts

Samples: Trust Agreement (First Security Bank Na), Trust Agreement (Navistar Financial Retail Receivables Corporation)

Rights of Owner Trustee. The Owner Trustee is authorized ----------------------- and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, in such form as the Depositor Seller shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Servicer recommends with respect to the Basic Documents.

Appears in 1 contract

Samples: Trust Agreement (Cit Rv Trust 1997 A)

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Rights of Owner Trustee. The Owner Trustee is authorized ----------------------- and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, in such form as the Depositor Transferor shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 1 contract

Samples: Trust Agreement (Volkswagen Dealer Finance LLC)

Rights of Owner Trustee. The Owner Trustee is authorized ----------------------- and directed to execute and deliver the Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party, party in such form as the Depositor Seller shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 1 contract

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation)

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