Common use of TITLING TRUSTEE ACTIONS UPON TERMINATION Clause in Contracts

TITLING TRUSTEE ACTIONS UPON TERMINATION. Upon termination of this Agreement, the Titling Trust and/or one or more Sub-Trusts pursuant to Section 8.01 or 8.02, the Titling Trustee shall take such action as may be requested by any Beneficiary to transfer the related Titling Trust Assets to such Beneficiary or such other Person as such Beneficiary may designate, including the execution of the assignment forms on the Certificates of Title and any other instruments of transfer and assignment with respect to the Leased Vehicles.

Appears in 5 contracts

Samples: Trust and Servicing Agreement (Toyota Lease Trust), Trust and Servicing Agreement (Toyota Auto Lease Trust 1997-A), Trust and Servicing Agreement (Toyota Lease Trust)

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