Common use of Appointment of the Owner Trustee Clause in Contracts

Appointment of the Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein and under the Statutory Trust Act.

Appears in 13 contracts

Samples: Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Vw Credit Leasing LTD)

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Appointment of the Owner Trustee. The Transferor hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein and under the Statutory Trust Actherein.

Appears in 12 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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