Separate Entity. The Trustees and the Initial Beneficiary shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate of the Initial Beneficiary.
Appears in 3 contracts
Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Cef Equipment Holding LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Separate Entity. The Trustees and the Initial Beneficiary shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate of the Initial Beneficiary.. SIGNATURES ON NEXT PAGE
Appears in 2 contracts
Samples: Trust Agreement (Volkswagen Public Auto Loan Securitization LLC), Trust Agreement (Volkswagen Auto Lease Underwritten Funding LLC)
Separate Entity. The Trustees Trustee and the Initial Beneficiary Beneficiaries shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary Beneficiaries and any Affiliate of the Initial BeneficiaryBeneficiaries.
Appears in 1 contract
Samples: Boat Mortgage Trust Agreement (Deutsche Recreational Asset Funding Corp)
Separate Entity. The Trustees and the Initial Beneficiary --------------- shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate Affiliates of the Initial Beneficiary.
Appears in 1 contract
Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation)
