Common use of Authority and Duties of Owner Trustee Clause in Contracts

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 21 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2425

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 17 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 17 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 17 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 23 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 20 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 21 Section 7.1 Acceptance of Trusts and Duties 20 21 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 25 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 ARTICLE VIII COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE 25 Section 7.8 Regulation AB 248.1 Owner Trustee’s Fees and Expenses 25 Section 8.2 Indemnification 26 Section 8.3 Payments to the Owner Trustee 26 ARTICLE IX TERMINATION 26 Section 9.1 Termination of Trust Agreement 26

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24

Authority and Duties of Owner Trustee. 17 Section 6.1 [S] SECTION 6.1. General Authority 17 Section 6.2 10 SECTION 6.2. General Duties 18 Section 6.3 10 TABLE OF CONTENTS (continued ) Page SECTION 6.3. Action upon Instruction 18 Section 6.4 10 SECTION 6.4. No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 11 SECTION 6.5. No Action Except Under under Specified Documents or Instructions 19 Section 6.6 12 SECTION 6.6. Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 12 SECTION 6.7. [Rights and Protections of the Issuer Delaware Trustee 12 SECTION 6.8. Duties of the Issuer Delaware Trustee 12 ARTICLE VII REGARDING CONCERNING THE OWNER TRUSTEE 20 Section 7.1 [OWNER] TRUSTEE[S] SECTION 7.1. Acceptance of Trusts and Duties 20 Section 7.2 13 SECTION 7.2. Furnishing of Documents 22 Section 7.3 14 SECTION 7.3. Representations and Warranties 22 Section 7.4 14 SECTION 7.4. Reliance; Advice of Counsel 23 Section 7.5 15 SECTION 7.5. Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee 16 SECTION 7.6. Trustees May Own Certificates and Notes 24 Section 7.8 Regulation AB 2416

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 21 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 24 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2425

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 20 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 25 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2425

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 21 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 24 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 25 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2425

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 6.01. Action Upon Instructions 15 Section 6.2 General Duties 18 6.02. No Duty to Act Under Certain Circumstances 16 Section 6.3 Action upon Instruction 18 Section 6.4 6.03. No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents Agreements or Instructions 19 16 Section 6.6 Restrictions 19 6.04. Trust Operation 17 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 6.05. Execution of Documents 18 ARTICLE VII REGARDING CONCERNING THE OWNER TRUSTEE 20 BANK Section 7.1 7.01. Acceptance of Trusts and Duties 20 18 Section 7.2 7.02. Furnishing of Documents 22 19 Section 7.3 7.03. Representations and Warranties 22 19 Section 7.4 7.04. Reliance; Advice of Counsel 23 20 Section 7.5 7.05. Not Acting in Individual Capacity 24 20 Section 7.6 7.06. No Representations and Warranties as to the Trust Estate 21 Section 7.07. Signature of Returns 21 Section 7.08. Trustee Bank May Own Notes 21 ARTICLE VIII COMPENSATION OF TRUSTEE BANK AND INDEMNIFICATION Section 8.01. Trustee Bank’s Fees and Expenses 21 Section 8.02. Indemnification 21 Section 8.03. Payments to the Owner Trustee Not Liable for Certificates or Receivables 24 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 2422

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 20 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 23 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 ARTICLE VIII COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE 26 Section 7.8 Regulation AB 248.1 Owner Trustee’s Fees and Expenses 26 Section 8.2 Indemnification 26 Section 8.3 Payments to the Owner Trustee 26 ARTICLE IX TERMINATION 26 Section 9.1 Termination of Trust Agreement 26

Authority and Duties of Owner Trustee. 17 19 Section 6.1 General Authority 17 19 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 21 Section 6.6 Restrictions 19 21 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 24 Section 7.3 Representations and Warranties 22 24 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 25 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2426

Authority and Duties of Owner Trustee. 17 18 Section 6.1 General Authority 17 18 Section 6.2 General Duties 18 19 Section 6.3 Action upon Instruction 18 19 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 20 Section 6.5 No Action Except Under Specified Documents or Instructions 19 20 Section 6.6 Restrictions 19 20 Section 6.7 Instructions by Electronic Methods 19 21 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 21 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 22 Section 7.1 Acceptance of Trusts and Duties 20 22 Section 7.2 Furnishing of Documents 22 23 Section 7.3 Representations and Warranties 22 24 Section 7.4 Reliance; Advice of Counsel 23 24 Section 7.5 Not Acting in Individual Capacity 24 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 25 Section 7.7 Owner Trustee May Own Certificates and Notes 24 25 Section 7.8 Regulation AB 2425

Authority and Duties of Owner Trustee. 17 Section 6.1 General Authority 17 Section 6.2 General Duties 18 17 Section 6.3 Action upon Instruction 18 Section 6.4 No Duties Except as Specified in this Trust Agreement or in Instructions 19 Section 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.6 Restrictions 19 Section 6.7 Instructions by Electronic Methods 19 Section 6.8 Communications Regarding Demands to Repurchase Receivables 20 ARTICLE VII REGARDING THE OWNER TRUSTEE 20 Section 7.1 Acceptance of Trusts and Duties 20 Section 7.2 Furnishing of Documents 22 Section 7.3 Representations and Warranties 22 Section 7.4 Reliance; Advice of Counsel 23 Section 7.5 Not Acting in Individual Capacity 24 23 Section 7.6 Owner Trustee Not Liable for Certificates or Receivables 24 23 Section 7.7 Owner Trustee May Own Certificates and Notes 24 Section 7.8 Regulation AB 24