Common use of Appointment of the Owner Trustee Clause in Contracts

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

Appears in 8 contracts

Samples: Trust Agreement (Bond Securitization LLC), Trust Agreement (Capital One Auto Finance Trust 2002-C), Trust Agreement (Capital One Auto Receivables LLC)

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Appointment of the Owner Trustee. The Depositor hereby appoints the Owner Trustee as trustee of the Trust effective as of the date hereof, to have all the rights, powers and duties set forth hereinherein and in the Statutory Trust Act.

Appears in 2 contracts

Samples: Trust Agreement (M&i Dealer Auto Securitization LLC), Trust Agreement (M&i Dealer Auto Securitization LLC)

Appointment of the Owner Trustee. The Depositor hereby appoints the Owner Trustee as trustee of the Trust effective as of the date hereof, to have all the rights, powers and duties set forth hereinherein and in the Statutory Trust Act. The Depositor hereby assigns, transfer, conveys and sets over to the Owner Trustee, and the Owner Trustee acknowledges receipt in trust from the Depositor, as of the date hereof, the sum of one dollar, which shall constitute the initial Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Pheaa Student Loan Foundation Inc)

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Appointment of the Owner Trustee. The he Depositor hereby appoints the Bank to act as owner trustee (the “Owner Trustee as trustee Trustee”) of the Trust effective as of the date hereof, hereof to have all the rights, powers and duties set forth hereinherein with respect to accomplishing the purposes of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6)

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