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

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

Appears in 139 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Drive Auto Receivables Trust 2021-3), Trust Agreement (Drive Auto Receivables Trust 2021-3)

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

Appears in 43 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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

Appears in 32 contracts

Samples: Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-1)

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

Appears in 29 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Trust Agreement (Santander Drive Auto Receivables Trust 2024-3)

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

Appears in 25 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Vw Credit Leasing LTD)

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

Appears in 8 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Drive Auto Receivables Trust 2024-1)

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

Appears in 6 contracts

Samples: Trust Agreement (Bank of America Auto Receivables Securitization, LLC), Trust Agreement (Bank of America Auto Trust 2012-1), Trust Agreement (Bank of America Auto Trust 2012-1)

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

Appears in 5 contracts

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance LLC)

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

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

The Owner Trustee May Own Notes. The Owner Each Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Each Trustee may deal with the SellerDepositor, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner a Trustee, and the SellerDepositor, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee Trustees and its their Affiliates.. 35 Second Amended and Restated Trust Agreement (SDART 2023-2)

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2023-2), Trust Agreement (Santander Drive Auto Receivables Trust 2023-2)

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The Owner Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective 34 Amended and Restated Trust Agreement (DRIVE 2017-3) Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

The Owner Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the SellerDepositor, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the SellerDepositor, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.. 33 Amended and Restated Trust Agreement (SDART 2023-3)

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2023-3), Trust Agreement (Santander Drive Auto Receivables Trust 2023-3)

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

Appears in 2 contracts

Samples: Trust Agreement (Fifth Third Auto Trust 2023-1), Trust Agreement (Fifth Third Auto Trust 2023-1)

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

Appears in 2 contracts

Samples: Trust Agreement (Banc of America Securities Auto Trust 2006-G1), Trust Agreement (Banc of America Securities Auto Trust 2005-Wf1)

The Owner Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the SellerDepositor, the Indenture Trustee, the AdministratorUnderwriters, the Underwriters Administrator and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the SellerDepositor, the Indenture Trustee, the AdministratorUnderwriters, the Underwriters Administrator and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its their Affiliates.. 16 Amended and Restated Trust Agreement (PFAST 20[ ]-[ ])

Appears in 1 contract

Samples: Trust Agreement (Porsche Auto Funding LLC)

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