CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Sample Clauses

CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 7.1 Acceptance of Trusts and Duties.......................................................25 Section 7.2 Furnishing of Documents...............................................................27 Section 7.3
Sample 1Sample 2See All (10)
AutoNDA by SimpleDocs
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 7.01.
Sample 1Sample 2
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 7.1 Acceptance of Trusts and Duties Section 7.2 Furnishing of Documents
Sample 1
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 7.01. Acceptance of Trusts and Duties Section 7.02. Furnishing of Documents. 20 Section 7.03. Representations and Warranties of the Owner Trustee and the Delaware Trustee Section 7.04. Reliance, Advice of Counsel. Section 7.05. Not Acting in Individual Capacity Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Trust Certificates or Receivables Section 7.07. Owner Trustee and Delaware Trustee May Own Trust Certificates and Notes Section 7.08. Duties of the Delaware Trustee 24 ARTICLE EIGHT
Sample 1
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 6.01. Acceptance of Trusts and Duties.............................................................14 Section 6.02. Furnishing of Documents.....................................................................16 Section 6.03. Representations and Warranties of the Co-Trustees...........................................16 Section 6.04. Reliance; Advice of Counsel.................................................................17 Section 6.05. Not Acting in Individual Capacity...........................................................18 Section 6.06. Co-Trustees Not Liable for Certificates, Notes or Receivables...............................18 Section 6.07. Co-Trustees May Own Notes...................................................................19
Sample 1
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 7.01. Acceptance of Trusts and Duties.................................................... 19 Section 7.02. Furnishing of Documents............................................................ 21 Section 7.03. Representations and Warranties of the Owner Trustee and the Delaware Trustee....... 21 Section 7.04. Reliance, Advice of Counsel........................................................ 22 Section 7.05. Not Acting in Individual Capacity.................................................. 23 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Trust Certificates or Receivables 23 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes............. 24 Section 7.08. Duties of the Delaware Trustee..................................................... 24 ARTICLE EIGHT
Sample 1
CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE 
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs

Related to CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE

  • Representations and Warranties of the Property Trustee and the Delaware Trustee The Property Trustee and the Delaware Trustee, each severally on behalf of and as to itself, hereby represents and warrants for the benefit of the Depositor and the Holders that:

  • CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR Section 8.1

  • Concerning the Owner Trustee 17 Section 7.01 Acceptance of Trusts and Duties............................................................17 Section 7.02 Furnishing of Documents....................................................................19 Section 7.03

  • Certain Matters Affecting the Trustee and the Certificate Administrator (a) Except as otherwise provided in Section 8.01 of this Agreement:

  • Eligibility Requirements for Owner Trustee and Delaware Trustee The Owner Trustee shall at all times (i) maintain its principal place of business in the State of New York or such other location within the United States to which the Depositor shall consent in writing, (ii) be authorized to exercise corporate trust powers, (iii) have a combined capital and surplus of at least $50,000,000, (iv) be subject to supervision or examination by federal or state authorities and (v) have the Required Rating. If such person shall publish reports of condition at least annually pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Delaware Trustee shall at all times be a Person satisfying the provisions of Section 3807(a) of the Statutory Trust Statute. In case at any time the Owner Trustee or the Delaware Trustee, as applicable, shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee or the Delaware Trustee, as applicable, shall resign immediately in the manner and with the effect specified in Section 10.02.

  • Duties of the Trustee and the Certificate Administrator (a) The Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge, the Trustee, subject to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. The Certificate Administrator undertakes to perform at all times such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Certificate Administrator shall be construed as a duty.

  • Certain Matters Affecting the Trustee and the Securities Administrator Except as otherwise provided in Section 6.01:

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Regarding the Owner Trustee Owner Participant will cause Owner Trustee to perform its obligations under each Owner Trustee Agreement.

  • Liability of the Depositor and the Master Servicer The Depositor and the Master Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement and undertaken hereunder by the Depositor and the Master Servicer herein.

Time is Money Join Law Insider Premium to draft better contracts faster.