Common use of The Owner Trustee May Own Certificates and Notes Clause in Contracts

The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, Indenture Trustee, the Servicer and the Administrator in banking transactions with the same rights as it would have if it were not the Owner Trustee.

Appears in 4 contracts

Samples: Trust Agreement (M&i Dealer Auto Securitization LLC), Trust Agreement (Bond Securitization LLC), Trust Agreement (M&i Auto Loan Trust 2002-1)

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The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the Indenture Trustee, the Servicer Trustee and the Administrator in banking transactions with the same rights as it would have if it were not the Owner Trustee.

Appears in 4 contracts

Samples: Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Capital One Auto Receivables Trust 2001-B), Trust Agreement (Capital One Auto Finance Trust 2002-A)

The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the Indenture Trustee, the Servicer Administrator and the Administrator Servicer in banking transactions with the same rights as it would have if it were not the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization LLC)

The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, Indenture Trustee, the Servicer Trustee and the Administrator in banking transactions with the same rights as it would have if it were not the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

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The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the Indenture Trustee, the Servicer and the Administrator their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee and the Depositor, the Indenture Trustee, the Servicer and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its affiliates.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization Trust 2003-1)

The Owner Trustee May Own Certificates and Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates the Residual Interest or Notes and may deal with the Depositor, the Indenture Trustee, the Servicer Trustee and the Administrator in banking transactions with the same rights as it would have if it were not the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

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