Common use of General Authority Clause in Contracts

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Issuer is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 122 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust)

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General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Transaction Documents.

Appears in 58 contracts

Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2024-B), Trust Agreement (Harley-Davidson Motorcycle Trust 2024-A), Trust Agreement (Harley-Davidson Motorcycle Trust 2024-A)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Issuer is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 27 contracts

Samples: Trust Agreement (Honda Auto Receivables 2008-1 Owner Trust), Trust Agreement (American Honda Receivables Corp), Trust Agreement (American Honda Receivables Corp)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment amendment, certificate or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 20 contracts

Samples: Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Receivables Corp 3)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 16 contracts

Samples: Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Documents.

Appears in 16 contracts

Samples: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial 1996-D Owner Trust)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Transaction Documents.

Appears in 14 contracts

Samples: Trust Agreement (Harley Davidson Customer Funding Corp), Trust Agreement (Harley Davidson Customer Funding Corp), Authority And (Eaglemark Inc)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends or the Owners recommend with respect to the Basic Documents.

Appears in 10 contracts

Samples: Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and party, each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreementagreement related thereto, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator Servicer recommends with respect to the Basic Transaction Documents.

Appears in 4 contracts

Samples: Trust Agreement (American Capital Strategies LTD), Trust Agreement (American Capital Strategies LTD), Trust Agreement (American Capital Strategies LTD)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment thereto or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends directs in writing with respect to the Basic Documents.

Appears in 3 contracts

Samples: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)

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General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends or the Owners recommend with respect to the Basic Documents.

Appears in 2 contracts

Samples: Trust Agreement (Onyx Acceptance Owner Trust 2005-A), Trust Agreement (Onyx Acceptance Owner Trust 2005-B)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from form time to time to take such action as the Administrator recommends with respect to the Basic Transaction Documents.

Appears in 2 contracts

Samples: Trust Agreement (Eaglemark Inc), Authority And (Heller Funding Corp)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends or the Holders recommend with respect to the Basic Documents.

Appears in 2 contracts

Samples: Trust Agreement (Onyx Acceptance Corp), Trust Agreement (Onyx Acceptance Corp)

General Authority. Subject to the provisions and limitations of Sections SECTIONS 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Transaction Documents.

Appears in 2 contracts

Samples: Trust Agreement (Dealer Auto Receivables Corp), Trust Agreement (Dealer Auto Receivables Corp)

General Authority. Subject to the provisions and limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver the Basic Transaction Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Transaction Documents to which the Issuer Trust is to be a party and any amendment or other agreement, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends with respect to the Basic Transaction Documents, except to the extent Certificateholder consent is expressly required.

Appears in 1 contract

Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2016-A)

General Authority. Subject to the provisions and ----------------- limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver on behalf of the Trust the Basic Documents to which the Issuer Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Issuer Trust is to be a party and any amendment thereto or other agreement, as evidenced conclusively by the Owner Trustee’s 's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator recommends directs in writing with respect to the Basic Documents.

Appears in 1 contract

Samples: Owner Trust Agreement (Auto Nations Receivables Corp)

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