Duties of Owner Trustee. (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.
Appears in 63 contracts
Samples: Trust Agreement (Toyota Auto Receivables 2010-C Owner Trust), Trust Agreement (Toyota Auto Receivables 2019-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2016-C Owner Trust)
Duties of Owner Trustee. (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Servicer may direct the Owner Trustee pursuant to Sections 4.01 and 4.04 of the Sale and Servicing Agreement and the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.
Appears in 36 contracts
Samples: Trust Agreement (Toyota Auto Receivables 2024-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2020-C Owner Trust), Trust Agreement (Toyota Auto Receivables 2020-B Owner Trust)
Duties of Owner Trustee. (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Certificateholders Certificateholder may by written instruction direct the Owner Trustee in the management of the TrustOwner Trust Estate. Such direction may be exercised at any time by written instruction of the Certificateholders Certificateholder pursuant to Article IV.
Appears in 6 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Auto Finance Receivables LLC), Trust Agreement (Toyota Auto Finance Receivables LLC)
Duties of Owner Trustee. (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Certificateholders Certificateholder may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders Certificateholder pursuant to Article IV.
Appears in 4 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Receivables Corp)
Duties of Owner Trustee. (a) Subject to Article IV and in accordance with the terms of the Basic Documents, the Certificateholders may by written instruction direct the Owner Trustee in the management of the TrustOwner Trust Estate. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.
Appears in 2 contracts
Samples: Trust Agreement (Toyota Auto Finance Receivables LLC), Trust Agreement (Toyota Auto Finance Receivables LLC)
