Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS
Authority and Duties of the Owner Trustee. Section 6.01
Authority and Duties of the Owner Trustee. Section 6.01 General Authority. Section 6.02 Specific Authority. 11 Section 6.03
Authority and Duties of the Owner Trustee. ACTION BY CertificateHolder 17 SECTION 5.1 General Authority 17 SECTION 5.2 General Duties 17 SECTION 5.3 Action Upon Instruction 18 SECTION 5.4 No Duties Except as Specified under Specified Documents or in Instructions 19 SECTION 5.5 Restrictions 19 SECTION 5.6 Negative Covenants 19 SECTION 5.7 Action by the Certificateholder with Respect to Bankruptcy 21 SECTION 5.8 Restrictions on the Owner Certificateholder’s Power 21
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS 18 Section 5.01. General Authority. 18 Section 5.02. General Duties. Section 5.03. Action Upon Instruction.
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS Section 5.01. General Authority.
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDER 18 SECTION 5.1 GENERAL AUTHORITY. 18 SECTION 5.2 GENERAL DUTIES. 18 SECTION 5.3 ACTION UPON INSTRUCTION. 18 SECTION 5.4 NO DUTIES EXCEPT AS SPECIFIED UNDER SPECIFIED DOCUMENTS OR IN INSTRUCTIONS. 19 SECTION 5.5 RESTRICTIONS. 20 SECTION 5.6 NEGATIVE COVENANTS. 20 SECTION 5.7 ACTION BY THE CERTIFICATEHOLDER WITH RESPECT TO BANKRUPTCY. 22 SECTION 5.8 RESTRICTIONS ON THE OWNER CERTIFICATEHOLDER’S POWER. 22 ARTICLE VI CONCERNING THE OWNER TRUSTEE 22 SECTION 6.1 ACCEPTANCE OF TRUSTS AND DUTIES. 22 SECTION 6.2 FURNISHING OF DOCUMENTS. 23 SECTION 6.3 BOOKS AND RECORDS. 23 SECTION 6.4 REPRESENTATIONS AND WARRANTIES. 23 SECTION 6.5 RELIANCE; ADVICE OF COUNSEL. 25 TABLE OF CONTENTS PAGE SECTION 6.6 NOT ACTING IN INDIVIDUAL CAPACITY. 26 SECTION 6.7 OWNER TRUSTEE NOT LIABLE FOR CERTIFICATE OR TRUST FUND. 26 SECTION 6.8 OWNER TRUSTEE MAY OWN CERTIFICATES AND NOTES. 27 SECTION 6.9 LICENSES. 27 SECTION 6.10 DOING BUSINESS IN OTHER JURISDICTIONS. 27 SECTION 6.11 XXXXXXXX-XXXXX ACT CERTIFICATION. 28 ARTICLE VII INDEMNIFICATION AND COMPENSATION 28 SECTION 7.1 TRUST EXPENSES. 28 SECTION 7.2 INDEMNIFICATION. 28 SECTION 7.3 COMPENSATION. 28 ARTICLE VIII TERMINATION OF AGREEMENT 29 SECTION 8.1 TERMINATION OF AGREEMENT. 29 ARTICLE IX SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES 30 SECTION 9.1 ELIGIBILITY REQUIREMENTS FOR OWNER TRUSTEE. 30 SECTION 9.2 RESIGNATION OR REMOVAL OF OWNER TRUSTEE. 30 SECTION 9.3 SUCCESSOR OWNER TRUSTEE. 31 SECTION 9.4 MERGER OR CONSOLIDATION OF OWNER TRUSTEE. 31 SECTION 9.5 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE. 31 ARTICLE X MISCELLANEOUS 33 SECTION 10.1 SUPPLEMENTS AND AMENDMENTS. 33 SECTION 10.2 NO LEGAL TITLE TO TRUST FUND IN CERTIFICATEHOLDER. 34 SECTION 10.3 PLEDGE OF TRUST FUND BY OWNER TRUSTEE IS BINDING. 34 SECTION 10.4 LIMITATIONS ON RIGHTS OF OTHERS. 34 SECTION 10.5 NOTICES. 35 SECTION 10.6 SEVERABILITY. 35 SECTION 10.7 SEPARATE COUNTERPARTS. 35 SECTION 10.8 SUCCESSORS AND ASSIGNS. 35 SECTION 10.9 HEADINGS. 35 SECTION 10.10 GOVERNING LAW. 35 SECTION 10.11 NO PETITION. 36 SECTION 10.12 NO RECOURSE. 36 ARTICLE XI TRUST OFFICERS 36 SECTION 11.1 APPOINTMENT OF TRUST OFFICERS. 36 SECTION 11.2 TRUST OFFICERS TO PROVIDE INFORMATION TO THE OWNER TRUSTEE. 37 EXHIBITS Exhibit A Form of Certificate Exhibit B Form of Certificate of Trust Exhibit C-1 Form of Rule 144A Investment Letter Exhibit C-2 Form of Non-Rule 144A Investment Letter Exhibit D Form of Representation and Warranty Regarding Transferee’s Status...
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS Section 5.01. General Authority. 23 Section 5.02. General Duties. 23 Section 5.03. Action Upon Instruction. 23 Section 5.04. No Duties Except as Specified under Specified Documents or in Instructions 24 Section 5.05. Restrictions. 25 Section 5.06. Prior Notice to the Holders with Respect to Certain Matters 25 Section 5.07. Action by the Holders with Respect to Bankruptcy. 27 Section 5.08. Restrictions on the Holders’ Power. 28 Section 5.09. Insurer’s Rights Regarding Actions, Proceedings or Investigations. 28
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS 14 SECTION 5.1 GENERAL AUTHORITY. 14 SECTION 5.2 GENERAL DUTIES. 15 SECTION 5.3 ACTION UPON INSTRUCTION. 15 SECTION 5.4 NO DUTIES EXCEPT AS SPECIFIED UNDER SPECIFIED DOCUMENTS OR IN INSTRUCTIONS. 16
Authority and Duties of the Owner Trustee. ACTION BY CERTIFICATEHOLDERS Section 5.01. General Authority. Section 5.02. General Duties. 17 Section 5.03. Action Upon Instruction. Section 5.04. No Duties Except as Specified under Specified Documents or in Instructions. 18 Section 5.05. Restrictions. Section 5.06. Prior Notice to Certificateholders with Respect to Certain Matters. Section 5.07. Action by Certificateholders with Respect to Certain Matters. Section 5.08. Action by Certificateholders with Respect to Bankruptcy. 21 Section 5.09. Restrictions on Certificateholders’ Power. 21 Section 5.10. Majority Control.
