Common use of Action upon Instruction Clause in Contracts

Action upon Instruction. (a) Subject to Article 4 and in accordance with the terms of the Basic Documents, the Servicer may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Servicer pursuant to Article 4.

Appears in 63 contracts

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2023-C)

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Action upon Instruction. (a) Subject to Article 4 IV and in accordance with the terms of the Basic Documents, the Servicer may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Servicer pursuant to Article 4IV.

Appears in 43 contracts

Samples: Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2023-A)

Action upon Instruction. (a) Subject to Article 4 IV and in accordance with the terms of the Basic Documents, the Servicer may by written instruction direct the Owner Trustee in the management 21 (2006-A Amended and Restated Trust Agreement) of the Trust. Such direction may be exercised at any time by written instruction of the Servicer pursuant to Article 4IV.

Appears in 1 contract

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2006-A)

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Action upon Instruction. (a) Subject to Article 4 IV and in accordance with the terms of the Basic Documents, the Servicer may by written instruction direct the Owner Trustee in the management (2006-B Amended and Restated Trust Agreement) of the Trust. Such direction may be exercised at any time by written instruction of the Servicer pursuant to Article 4IV.

Appears in 1 contract

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2006-B)

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