Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction Document or is contrary to law.
Appears in 24 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Auto Owner Trust 2014-A), Trust Agreement (Ford Credit Auto Owner Trust 2014-A)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction Basic Document or is contrary to law.
Appears in 17 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2010-B), Trust Agreement (Ford Credit Auto Owner Trust 2010-A), Trust Agreement (Ford Credit Auto Owner Trust 2008-A)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action hereunder or under any other Transaction Document if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, Trustee or is contrary to the terms of any Transaction Document or is otherwise contrary to law.
Appears in 14 contracts
Samples: Trust Agreement (Nordstrom Inc), Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action under any Transaction Document hereunder if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, Trustee or is contrary to the terms of any Transaction Document or is otherwise contrary to law.
Appears in 10 contracts
Samples: Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust), Trust Agreement (Chase Issuance Trust)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action hereunder or under any other Transaction Document if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in personal liability on the part of the Owner Trustee, Trustee or is contrary to the terms of any Transaction Document or is otherwise contrary to law.
Appears in 9 contracts
Samples: Trust Agreement (First National Funding LLC), Trust Agreement (First National Funding LLC), Trust Agreement (First National Master Note Trust)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action hereunder or under any other Transaction Document if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in personal liability on the part of the Owner Trustee, Trustee or is contrary to the terms of any Transaction Document or is otherwise contrary to law.
Appears in 9 contracts
Samples: Trust Agreement (Sunterra Corp), Trust Agreement (Associates Credit Card Receivables Corp), Trust Agreement (Advanta Business Recievables Corp)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction Document if the Owner Trustee reasonably determines, or is advised by counsel, that such the action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction Document or is contrary to law.
Appears in 8 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-A)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action hereunder or under any Transaction other Basic Document if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction Document Trustee or is contrary to the terms hereof or of any other Basic Document or is otherwise contrary to law.
Appears in 3 contracts
Samples: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action hereunder or under any other Transaction Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, Trustee or is contrary to the terms hereof or of any other Transaction Document or is otherwise contrary to law.
Appears in 3 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Auto Receivables LLC), Trust Agreement (Ford Credit Floorplan LLC)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2012-B Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2012-B Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2012-B), Trust Agreement (Ford Credit Auto Lease Trust 2012-B)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action under any Transaction Document hereunder if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction Document Trustee or is contrary to the terms of any Transaction Document to which it is a party or is otherwise contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Conseco Finance Credit Card Funding Corp), Trust Agreement (Conseco Finance Credit Funding Corp)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2012-A Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2012-A Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2012-A), Trust Agreement (Ford Credit Auto Lease Trust 2012-A)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2013-A Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2013-A Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2013-A), Trust Agreement (Ford Credit Auto Lease Trust 2013-A)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2014-A Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2014-A Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2014-A), Trust Agreement (Ford Credit Auto Lease Trust 2014-A)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2013-B Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2013-B Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2013-B), Trust Agreement (Ford Credit Auto Lease Trust 2013-B)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2011-A Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2011-A Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2011-A), Trust Agreement (Ford Credit Auto Lease Trust 2011-A)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 2011-B Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 2011-B Basic Document or is contrary to law.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Lease Trust 2011-B), Trust Agreement (Ford Credit Auto Lease Trust 2011-B)
Action upon Instruction. (a) The Owner Trustee will not be required to take any action under any Transaction 20_-_ Basic Document if the Owner Trustee reasonably determines, or is advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee, is contrary to any Transaction 20_-_ Basic Document or is contrary to law.
Appears in 1 contract
Samples: Trust Agreement (CAB West LLC)
Action upon Instruction. (a) The Owner Trustee will shall not be required to take any action hereunder or under any other Transaction Document if the Owner Trustee shall have reasonably determinesdetermined, or is shall have been advised by counsel, that such action is likely to result in personal liability on the part of the Owner Trustee, Trustee or is contrary to the terms hereof or of any Transaction Document or is otherwise contrary to law.
Appears in 1 contract
Samples: Trust Agreement (Compucredit Corp)
