TRUST AGREEMENT
Exhibit 99.1
THIS
TRUST AGREEMENT, dated as of [ , ], between Nissan Auto Receivables
Corporation II, a Delaware corporation (the “Company”), and
[ ], a [Delaware
banking corporation], not in its individual capacity but solely as Owner Trustee (the “Owner
Trustee”). The Company and the Owner Trustee hereby agrees as follows:
1.
The trust created hereby shall be known as Nissan Auto Receivables
[ ]-[ ] Owner
Trust (the “Trust”), in which name the Owner Trustee may conduct the business of the Trust, make
and execute contracts, and xxx and be sued.
2. The Company hereby assigns, transfers, conveys and sets over to the Owner Trustee the sum
of $[1]. The Owner Trustee hereby acknowledges receipt of such amount in trust from the Company,
which amount shall constitute the initial trust estate. The Owner Trustee hereby declares that it
will hold the trust estate in trust for the Company. It is the intention of the parties hereto
that the Trust created hereby constitutes a statutory trust under Chapter 38 of Title 12 of the
Delaware Code, 12 Del. C. § 3801 et seq. and that this document constitutes the governing
instrument of the Trust. The Owner Trustee is hereby authorized and directed to execute and file a
certificate of trust with the Delaware Secretary of State in the form attached hereto as Exhibit A.
3. The Company and the Owner Trustee will enter into an Amended and Restated Trust Agreement,
satisfactory to each such party, to provide for the contemplated operation of the Trust created
hereby. Prior to the execution and delivery of such Amended and Restated Trust Agreement, the
Owner Trustee shall not have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law or as may be necessary to obtain prior to such
execution and delivery any licenses, consents or approvals required by applicable law or otherwise
with respect to the Trust.
4. This Trust Agreement may be executed in one or more counterparts.
5. The Owner Trustee may resign upon thirty days prior notice to the Company.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed by
their respective officers hereunto duly authorized, as of the day and year first above written.
NISSAN AUTO RECEIVABLES CORPORATION II, as Company |
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By: | ||||
Name: | ||||
Title: | ||||
[ ], | ||||
as Owner trustee | ||||
By: | ||||
Name: | ||||
Title: |