Common use of Waiver of Opinion Clause in Contracts

Waiver of Opinion. Each Warehouse Facility Agent, each Warehouse Facility Lender, the Closed-End Servicer, the Titling Trust and the Closed-End Collateral Agent each hereby waives the requirement set forth in Section 10.1 of this Closed-End Servicing Agreement that an opinion of counsel with respect to certain U.S. federal tax matters be delivered solely in connection with the execution and delivery of this amendment and restatement of this Closed-End Servicing Agreement. Executed: WORLD OMNI FINANCIAL CORP., as Closed-End Servicer By: /s/ Xxx Xxxxxx Name: Xxx Xxxxxx Title: Assistant Treasurer WORLD OMNI LT, as Titling Trust By: VT INC., as Titling Trustee By: /s/ Xxxxxxxx X. Child Name: Xxxxxxxx X. Child Title: President AL HOLDING CORP., as Closed-End Collateral Agent By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Vice President STATE OF ILLINOIS } } COUNTY OF XXXX } Reference is made to the Third Amended and Restated Pledge and Security Agreement (as amended, the “Security Agreement”), dated as of July 16, 2008, between the WORLD OMNI LT, a Delaware statutory trust, as Borrower (the “Borrower”), and AL HOLDING CORP., a Delaware corporation (“ALHC”), as collateral agent (the “Closed-End Collateral Agent”), as amended, supplemented or otherwise modified from time to time. Pursuant to the Security Agreement, the Closed-End Collateral Agent will hold a security interest in assets of the Borrower allocated to the Specified Interest designated as the “Closed-End Collateral Specified Interest” and certain related assets for the benefit of the Secured Parties specified therein. ALHC, having an office and place of business at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000, appoints: 1. World Omni Financial Corp., a Florida corporation (“World Omni”), having an office and place of business at 000 Xxx Xxxxx Boulevard, Deerfield Beach, FL 33442 , its employees, contractors, attorneys and agents, to act as ALHC’s true and lawful attorneys-in-fact to Execute all Documents that may be required to (A) reflect the lien of ALHC on any Certificate of Title or (B) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s lien on the related motor vehicle; and 2. World Omni and its attorneys to act as ALHC’s true and lawful attorneys-in-fact to (A) execute a power of attorney on behalf of ALHC in favor of any Dealer or Auction and any employee or agent thereof appointing any such person or entity as ALHC’s attorney-in-fact to Execute all Documents that may be required to (i) reflect the lien of ALHC on any Certificate of Title or (ii) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s lien in the related motor vehicle and (B) otherwise convey the authority to Dealers or Auctions and their employees or agents to take such actions on behalf of ALHC with respect to the Leases and Vehicles.

Appears in 2 contracts

Samples: Servicing Agreement (World Omni LT), Servicing Agreement (World Omni Auto Leasing LLC)

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Waiver of Opinion. Each Warehouse Facility Agent, each Warehouse Facility Lender, the Closed-End Servicer, the Titling Trust and the Closed-End Collateral Agent each hereby waives the requirement set forth in Section 10.1 of this Closed-End Servicing Agreement that an opinion of counsel with respect to certain U.S. federal tax matters be delivered solely in connection with the execution and delivery of this amendment and restatement of this Closed-End Servicing Agreement. Executed: WORLD OMNI FINANCIAL CORP., as Closed-End Servicer By: /s/ Xxx Bxx Xxxxxx Name: Xxx Bxx Xxxxxx Title: Assistant Treasurer WORLD OMNI LT, as Titling Trust By: VT INC., as Titling Trustee By: /s/ Xxxxxxxx Pxxxxxxx X. Child Name: Xxxxxxxx Pxxxxxxx X. Child Title: President AL HOLDING CORP., as Closed-End Collateral Agent By: /s/ Xxxxxx Pxxxxx X. Xxxxxxx Name: Xxxxxx Pxxxxx X. Xxxxxxx Title: Vice President STATE OF ILLINOIS } } COUNTY OF XXXX CXXX } Reference is made to the Third Amended and Restated Pledge and Security Agreement (as amended, the “Security Agreement”), dated as of July 16, 2008, between the WORLD OMNI LT, a Delaware statutory trust, as Borrower (the “Borrower”), and AL HOLDING CORP., a Delaware corporation (“ALHC”), as collateral agent (the “Closed-End Collateral Agent”), as amended, supplemented or otherwise modified from time to time. Pursuant to the Security Agreement, the Closed-End Collateral Agent will hold a security interest in assets of the Borrower allocated to the Specified Interest designated as the “Closed-End Collateral Specified Interest” and certain related assets for the benefit of the Secured Parties specified therein. ALHC, having an office and place of business at 000 200 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000, appoints: 1. World Omni Financial Corp., a Florida corporation (“World Omni”), having an office and place of business at 000 100 Xxx Xxxxx Boulevard, Deerfield Beach, FL 33442 , its employees, contractors, attorneys and agents, to act as ALHC’s true and lawful attorneys-in-fact to Execute all Documents that may be required to (A) reflect the lien of ALHC on any Certificate of Title or (B) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s lien on the related motor vehicle; and 2. World Omni and its attorneys to act as ALHC’s true and lawful attorneys-in-fact to (A) execute a power of attorney on behalf of ALHC in favor of any Dealer or Auction and any employee or agent thereof appointing any such person or entity as ALHC’s attorney-in-fact to Execute all Documents that may be required to (i) reflect the lien of ALHC on any Certificate of Title or (ii) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s lien in the related motor vehicle and (B) otherwise convey the authority to Dealers or Auctions and their employees or agents to take such actions on behalf of ALHC with respect to the Leases and Vehicles.

Appears in 1 contract

Samples: Servicing Agreement (World Omni LT)

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Waiver of Opinion. Each Warehouse Facility Agent, each Warehouse Facility Lender, the Closed-End Servicer, the Titling Trust and the Closed-End Collateral Agent each hereby waives the requirement set forth in Section 10.1 of this Closed-End Servicing Agreement that an opinion of counsel with respect to certain U.S. federal tax matters be delivered solely in connection with the execution and delivery of this amendment and restatement of this Closed-End Servicing Agreement. Executed: WORLD OMNI FINANCIAL CORP., as Closed-End Servicer By: /s/ Xxx Bxx Xxxxxx Name: Xxx Bxx Xxxxxx Title: Assistant Treasurer WORLD OMNI LT, as Titling Trust By: VT INC., as Titling Trustee By: /s/ Xxxxxxxx Pxxxxxxx X. Child Name: Xxxxxxxx Pxxxxxxx X. Child Title: President AL HOLDING CORP., as Closed-End Collateral Agent By: /s/ Xxxxxx Pxxxxx X. Xxxxxxx Name: Xxxxxx Pxxxxx X. Xxxxxxx Title: Vice President STATE OF ILLINOIS } } COUNTY OF XXXX CXXX } Reference is made to the Third Amended and Restated Pledge and Security Agreement (as amended, the "Security Agreement"), dated as of July 16, 2008, between the WORLD OMNI LT, a Delaware statutory trust, as Borrower (the "Borrower"), and AL HOLDING CORP., a Delaware corporation ("ALHC"), as collateral agent (the "Closed-End Collateral Agent"), as amended, supplemented or otherwise modified from time to time. Pursuant to the Security Agreement, the Closed-End Collateral Agent will hold a security interest in assets of the Borrower allocated to the Specified Interest designated as the "Closed-End Collateral Specified Interest" and certain related assets for the benefit of the Secured Parties specified therein. ALHC, having an office and place of business at 000 200 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000, appoints: 1. World Omni Financial Corp., a Florida corporation ("World Omni"), having an office and place of business at 000 100 Xxx Xxxxx Boulevard, Deerfield Beach, FL 33442 , its employees, contractors, attorneys and agents, to act as ALHC’s 's true and lawful attorneys-in-fact to Execute all Documents that may be required to (A) reflect the lien of ALHC on any Certificate of Title or (B) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s 's lien on the related motor vehicle; and 2. World Omni and its attorneys to act as ALHC’s 's true and lawful attorneys-in-fact to (A) execute a power of attorney on behalf of ALHC in favor of any Dealer or Auction and any employee or agent thereof appointing any such person or entity as ALHC’s 's attorney-in-fact to Execute all Documents that may be required to (i) reflect the lien of ALHC on any Certificate of Title or (ii) remove ALHC as lienholder from any Certificate of Title upon termination of ALHC’s 's lien in the related motor vehicle and (B) otherwise convey the authority to Dealers or Auctions and their employees or agents to take such actions on behalf of ALHC with respect to the Leases and Vehicles.

Appears in 1 contract

Samples: Servicing Agreement (World Omni LT)

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