Common use of General Authority Clause in Contracts

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000, Class A-2 Notes in the aggregate principal amount of $164,160,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00083,300,000, Class A-2 Notes in the aggregate principal amount of $164,160,000151,470,000, Class A-3 Notes in the aggregate principal amount of $109,440,000100,980,000, Class B Notes in the aggregate principal amount of $67,200,00079,900,000, Class C Notes in the aggregate principal amount of $110,800,000100,725,000, Class D Notes in the aggregate principal amount of $105,600,000 148,750,000 and Class E Notes in the aggregate principal amount of $49,200,00056,526,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000170,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000188,000,000, Class A-2-B Notes in the aggregate principal amount of $80,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000109,910,000, Class B Notes in the aggregate principal amount of $67,200,000178,030,000, Class C Notes in the aggregate principal amount of $110,800,000230,980,000, Class D Notes in the aggregate principal amount of $105,600,000 224,070,000 and Class E Notes in the aggregate principal amount of $49,200,00066,760,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000162,800,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000120,000,000, Class A-2-B Notes in the aggregate principal amount of $222,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000109,120,000, Class B Notes in the aggregate principal amount of $67,200,000142,450,000, Class C Notes in the aggregate principal amount of $110,800,000153,040,000, Class D Notes in the aggregate principal amount of $105,600,000 91,240,000 and Class E Notes in the aggregate principal amount of $49,200,00058,860,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000210,160,000, Class A-2 Notes in the aggregate principal amount of $164,160,000657,140,000, Class A-3 Notes in the aggregate principal amount of $109,440,000438,100,000, Class B Notes in the aggregate principal amount of $67,200,000177,210,000, Class C Notes in the aggregate principal amount of $110,800,000181,340,000, Class D Notes in the aggregate principal amount of $105,600,000 224,610,000 and Class E Notes in the aggregate principal amount of $49,200,00094,780,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Depositor, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2025-2), Trust Agreement (Santander Drive Auto Receivables Trust 2025-2)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00060,600,000, Class A-2 Notes in the aggregate principal amount of $164,160,000124,580,000, Class A-3 Notes in the aggregate principal amount of $109,440,000124,580,000, Class B Notes in the aggregate principal amount of $67,200,00063,000,000, Class C Notes in the aggregate principal amount of $110,800,00091,000,000, Class D Notes in the aggregate principal amount of $105,600,000 89,250,000 and Class E Notes in the aggregate principal amount of $49,200,00042,010,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-4), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-4)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00085,200,000, Class A-2 Notes in the aggregate principal amount of $164,160,000122,880,000, Class A-3 Notes in the aggregate principal amount of $109,440,00081,920,000, Class B Notes in the aggregate principal amount of $67,200,00065,250,000, Class C Notes in the aggregate principal amount of $110,800,00088,810,000, Class D Notes in the aggregate principal amount of $105,600,000 130,500,000 and Class E Notes in the aggregate principal amount of $49,200,00048,940,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000192,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000344,200,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000202,000,000, Class B Notes in the aggregate principal amount of $67,200,000159,300,000, Class C Notes in the aggregate principal amount of $110,800,000230,500,000, Class D Notes in the aggregate principal amount of $105,600,000 201,200,000 and Class E Notes in the aggregate principal amount of $49,200,000117,300,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2020-2), Trust Agreement (Santander Drive Auto Receivables Trust 2020-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000194,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000160,000,000, Class A-2-B Notes in the aggregate principal amount of $100,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000111,910,000, Class B Notes in the aggregate principal amount of $67,200,000133,290,000, Class C Notes in the aggregate principal amount of $110,800,000181,220,000, Class D Notes in the aggregate principal amount of $105,600,000 119,840,000 and Class E Notes in the aggregate principal amount of $49,200,00095,880,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2019-3), Trust Agreement (Santander Drive Auto Receivables Trust 2019-3)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000219,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000220,000,000, Class A-2-B Notes in the aggregate principal amount of $60,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000109,140,000, Class B Notes in the aggregate principal amount of $67,200,000137,380,000, Class C Notes in the aggregate principal amount of $110,800,000169,520,000, Class D Notes in the aggregate principal amount of $105,600,000 151,250,000 and Class E Notes in the aggregate principal amount of $49,200,000115,330,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2018-5), Trust Agreement (Santander Drive Auto Receivables Trust 2018-5)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000176,300,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000143,000,000, Class A-2-B Notes in the aggregate principal amount of $190,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000123,050,000, Class B Notes in the aggregate principal amount of $67,200,000123,530,000, Class C Notes in the aggregate principal amount of $110,800,000152,940,000, Class D Notes in the aggregate principal amount of $105,600,000 91,180,000 and Class E Notes in the aggregate principal amount of $49,200,00058,820,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000223,100,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,00070,000,000, Class A-2-B Notes in the aggregate principal amount of $313,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000116,132,000, Class B Notes in the aggregate principal amount of $67,200,000161,630,000, Class C Notes in the aggregate principal amount of $110,800,000178,840,000, Class D Notes in the aggregate principal amount of $105,600,000 106,620,000 and Class E Notes in the aggregate principal amount of $49,200,00068,790,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000210,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000175,000,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000126,630,000, Class B Notes in the aggregate principal amount of $67,200,000166,600,000, Class C Notes in the aggregate principal amount of $110,800,000151,730,000, Class D Notes in the aggregate principal amount of $105,600,000 106,500,000 and Class E Notes in the aggregate principal amount of $49,200,00083,300,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000294,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000474,000,000, Class A-2-B Notes in the aggregate principal amount of $150,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 492,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00090,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller or the Administrator.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000118,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000146,000,000, Class A-2-B Notes in the aggregate principal amount of $60,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,00096,790,000, Class B Notes in the aggregate principal amount of $67,200,000135,760,000, Class C Notes in the aggregate principal amount of $110,800,000177,070,000, Class D Notes in the aggregate principal amount of $105,600,000 159,960,000 and Class E Notes in the aggregate principal amount of $49,200,00054,310,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000183,600,000, Class A-2 Notes in the aggregate principal amount of $164,160,000464,170,000, Class A-3 Notes in the aggregate principal amount of $109,440,000210,000,000, Class B Notes in the aggregate principal amount of $67,200,000169,800,000, Class C Notes in the aggregate principal amount of $110,800,000256,900,000, Class D Notes in the aggregate principal amount of $105,600,000 215,530,000 and Class E Notes in the aggregate principal amount of $49,200,000123,180,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2020-4), Trust Agreement (Santander Drive Auto Receivables Trust 2020-4)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000429,500,000, Class A-2 Notes in the aggregate principal amount of $164,160,000390,850,000, Class A-3 Notes in the aggregate principal amount of $109,440,000162,700,000, Class B Notes in the aggregate principal amount of $67,200,000182,210,000, Class C Notes in the aggregate principal amount of $110,800,000203,390,000, Class D Notes in the aggregate principal amount of $105,600,000 131,350,000, and Class E Notes in the aggregate principal amount of $49,200,00050,850,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2012-6), Trust Agreement (Santander Drive Auto Receivables Trust 2012-6)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000197,100,000, Class A-2 Notes in the aggregate principal amount of $164,160,000619,800,000, Class A-3 Notes in the aggregate principal amount of $109,440,000420,310,000, Class B Notes in the aggregate principal amount of $67,200,000170,380,000, Class C Notes in the aggregate principal amount of $110,800,000178,130,000, Class D Notes in the aggregate principal amount of $105,600,000 196,520,000 and Class E Notes in the aggregate principal amount of $49,200,000111,330,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Depositor, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.. 26 Amended and Restated Trust Agreement (SDART 2026-1)

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2026-1), Trust Agreement (Santander Drive Auto Receivables Trust 2026-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000169,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000110,000,000, Class A-2-B Notes in the aggregate principal amount of $205,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000129,529,000, Class B Notes in the aggregate principal amount of $67,200,000142,353,000, Class C Notes in the aggregate principal amount of $110,800,000152,941,000, Class D Notes in the aggregate principal amount of $105,600,000 91,177,000 and Class E Notes in the aggregate principal amount of $49,200,00058,824,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Issuer the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000294,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000443,000,000, Class A-2-B Notes in the aggregate principal amount of $125,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 548,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00090,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller, the Administrator or Certificateholder, as applicable.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000180,800,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000276,000,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000150,250,000, Class B Notes in the aggregate principal amount of $67,200,000140,400,000, Class C Notes in the aggregate principal amount of $110,800,000, 198,780,000 and Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000175,870,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Drive Auto Receivables Trust 2019-4), Trust Agreement (Drive Auto Receivables Trust 2019-4)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00059,261,000, Class A-2 Notes in the aggregate principal amount of $164,160,000122,619,000, Class A-3 Notes in the aggregate principal amount of $109,440,000122,619,000, Class B Notes in the aggregate principal amount of $67,200,00065,100,000, Class C Notes in the aggregate principal amount of $110,800,00089,600,000, Class D Notes in the aggregate principal amount of $105,600,000 93,800,000 and Class E Notes in the aggregate principal amount of $49,200,00038,500,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000172,500,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000156,100,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000133,570,000, Class B Notes in the aggregate principal amount of $67,200,000121,350,000, Class C Notes in the aggregate principal amount of $110,800,000149,740,000, Class D Notes in the aggregate principal amount of $105,600,000 133,590,000 and Class E Notes in the aggregate principal amount of $49,200,000101,870,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2019-1), Trust Agreement (Santander Drive Auto Receivables Trust 2019-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000191,200,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000267,000,000, Class A-2-B Notes in the aggregate principal amount of $83,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000161,920,000, Class B Notes in the aggregate principal amount of $67,200,000163,150,000, Class C Notes in the aggregate principal amount of $110,800,000175,290,000, Class D Notes in the aggregate principal amount of $105,600,000 104,500,000 and Class E Notes in the aggregate principal amount of $49,200,00067,420,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000208,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000232,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000144,950,000, Class B Notes in the aggregate principal amount of $67,200,000139,520,000, Class C Notes in the aggregate principal amount of $110,800,000177,330,000, Class D Notes in the aggregate principal amount of $105,600,000 159,720,000 and Class E Notes in the aggregate principal amount of $49,200,00088,010,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables Trust 2018-3)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000202,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000166,000,000, Class A-2-B Notes in the aggregate principal amount of $150,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000126,990,000, Class B Notes in the aggregate principal amount of $67,200,000135,870,000, Class C Notes in the aggregate principal amount of $110,800,000163,910,000, Class D Notes in the aggregate principal amount of $105,600,000 114,680,000 and Class E Notes in the aggregate principal amount of $49,200,00062,330,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed (x) to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and (y) at the written direction of the Depositor, Seller (i) to execute on behalf of the Issuer the Certificates specified in such written direction and (ii) to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000208,800,000, Class A-2 Notes in the aggregate principal amount of $164,160,000391,700,000, Class A-3 Notes in the aggregate principal amount of $109,440,000161,670,000, Class B Notes in the aggregate principal amount of $67,200,000152,470,000, Class C Notes in the aggregate principal amount of $110,800,000, 167,600,000 and Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000194,420,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Drive Auto Receivables Trust 2021-3), Trust Agreement (Drive Auto Receivables Trust 2021-3)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000141,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000170,000,000, Class A-2-B Notes in the aggregate principal amount of $70,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000111,920,000, Class B Notes in the aggregate principal amount of $67,200,000159,000,000, Class C Notes in the aggregate principal amount of $110,800,000207,400,000, Class D Notes in the aggregate principal amount of $105,600,000 187,360,000 and Class E Notes in the aggregate principal amount of $49,200,00063,600,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000330,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000275,620,000, Class A-2-B Notes in the aggregate principal amount of $125,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000163,550,000, Class B Notes in the aggregate principal amount of $67,200,000189,330,000, Class C Notes in the aggregate principal amount of $110,800,000191,720,000, Class D Notes in the aggregate principal amount of $105,600,000 74,780,000 and Class E Notes in the aggregate principal amount of $49,200,00081,938,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or a Majority of the Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000203,400,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000188,760,000, Class A-2-B Notes in the aggregate principal amount of $188,760,000, Class A-3 Notes in the aggregate principal amount of $109,440,000153,700,000, Class B Notes in the aggregate principal amount of $67,200,000170,500,000, Class C Notes in the aggregate principal amount of $110,800,000183,100,000, Class D Notes in the aggregate principal amount of $105,600,000 109,200,000 and Class E Notes in the aggregate principal amount of $49,200,00070,460,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000238,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 337,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000100,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00058,500,000, Class A-2 Notes in the aggregate principal amount of $164,160,000130,525,000, Class A-3 Notes in the aggregate principal amount of $109,440,000130,525,000, Class B Notes in the aggregate principal amount of $67,200,00055,650,000, Class C Notes in the aggregate principal amount of $110,800,00090,300,000, Class D Notes in the aggregate principal amount of $105,600,000 90,300,000 and Class E Notes in the aggregate principal amount of $49,200,00039,200,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed (x) to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and (y) at the written direction of the Depositor, Seller (i) to execute on behalf of the Issuer the Certificates specified in such written direction and (ii) to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000218,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000593,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000219,100,000, Class B Notes in the aggregate principal amount of $67,200,000240,870,000, Class C Notes in the aggregate principal amount of $110,800,000, 253,760,000 and Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000275,270,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Drive Auto Receivables Trust 2021-2), Trust Agreement (Drive Auto Receivables Trust 2021-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000271,700,000, Class A-2 Notes in the aggregate principal amount of $164,160,000376,600,000, Class A-3 Notes in the aggregate principal amount of $109,440,00080,668,000, Class B Notes in the aggregate principal amount of $67,200,000, 115,607,000 and Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000157,354,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2010-2), Trust Agreement (Santander Drive Auto Receivables Trust 2010-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, thereof and at the written direction of the Depositor’s execution of this Trust Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000, Class A-2 Notes 1,455,200,000 (comprising $284,100,000 in the aggregate principal amount of Class A-1 Notes, $164,160,000, Class A-3 Notes 326,200,000 in the aggregate principal amount of Class A-2a Notes, $109,440,000, Class B Notes 145,000,000 in the aggregate principal amount of Class A-2b Notes $67,200,000471,300,000 principal amount of Class A-3 Notes, Class C Notes $106,300,000 in the aggregate principal amount of Class A-4 Notes, $110,800,000, Class D Notes 38,800,000 in the aggregate principal amount of Class B Notes, $105,600,000 and Class E Notes 35,000,000 in the aggregate principal amount of Class C Notes and $49,200,00048,500,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Transaction Documents and which the Certificateholders, the Servicer or the Administrator directs recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Sources: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000215,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000362,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 471,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00096,570,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller or the Administrator.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00071,500,000, Class A-2 Notes in the aggregate principal amount of $164,160,000131,256,000, Class A-3 Notes in the aggregate principal amount of $109,440,000131,256,000, Class B Notes in the aggregate principal amount of $67,200,00066,879,000, Class C Notes in the aggregate principal amount of $110,800,00097,278,000, Class D Notes in the aggregate principal amount of $105,600,000 101,458,000 and Class E Notes in the aggregate principal amount of $49,200,00046,360,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2026-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2026-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000334,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000346,000,000, Class A-2-B Notes in the aggregate principal amount of $160,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000139,100,000, Class B Notes in the aggregate principal amount of $67,200,000207,310,000, Class C Notes in the aggregate principal amount of $110,800,000209,930,000, Class D Notes in the aggregate principal amount of $105,600,000 103,660,000 and Class E Notes in the aggregate principal amount of $49,200,00089,720,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or a Majority of the Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000223,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000252,000,000, Class A-2-B Notes in the aggregate principal amount of $252,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000226,580,000, Class B Notes in the aggregate principal amount of $67,200,000201,920,000, Class C Notes in the aggregate principal amount of $110,800,000204,470,000, Class D Notes in the aggregate principal amount of $105,600,000 100,960,000 and Class E Notes in the aggregate principal amount of $49,200,00087,380,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or a Majority of the Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000229,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000166,000,000, Class A-2-B Notes in the aggregate principal amount of $249,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000128,260,000, Class B Notes in the aggregate principal amount of $67,200,000172,850,000, Class C Notes in the aggregate principal amount of $110,800,000191,240,000, Class D Notes in the aggregate principal amount of $105,600,000 114,010,000 and Class E Notes in the aggregate principal amount of $49,200,00073,560,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000256,250,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000225,750,000, Class A-2-B Notes in the aggregate principal amount of $168,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000140,400,000, Class B Notes in the aggregate principal amount of $67,200,000154,400,000, Class C Notes in the aggregate principal amount of $110,800,000191,175,000, Class D Notes in the aggregate principal amount of $105,600,000 114,025,000 and Class E Notes in the aggregate principal amount of $49,200,00073,525,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or a Majority of the Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00066,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000126,300,000, Class A-3 Notes in the aggregate principal amount of $109,440,000126,200,000, Class B Notes in the aggregate principal amount of $67,200,00060,550,000, Class C Notes in the aggregate principal amount of $110,800,00081,550,000, Class D Notes in the aggregate principal amount of $105,600,000 94,500,000 and Class E Notes in the aggregate principal amount of $49,200,00043,400,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000238,700,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000220,000,000, Class A-2-B Notes in the aggregate principal amount of $233,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000162,000,000, Class B Notes in the aggregate principal amount of $67,200,000166,800,000, Class C Notes in the aggregate principal amount of $110,800,000206,400,000, Class D Notes in the aggregate principal amount of $105,600,000 123,100,000 and Class E Notes in the aggregate principal amount of $49,200,00079,414,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator directs or a Majority of the Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2014-4), Trust Agreement (Santander Drive Auto Receivables Trust 2014-4)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Issuer the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000245,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000310,000,000, Class A-2-B Notes in the aggregate principal amount of $225,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 420,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00050,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller, the Administrator or Certificateholder, as applicable.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000307,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000420,000,000, Class A-2-B Notes in the aggregate principal amount of $100,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 369,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000104,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each the Certificateholder for such actionaction and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000577,000,000, (ii) Class A-2 A-2a Notes in the aggregate principal amount of $164,160,000640,000,000, (iii) Class A-3 A-2b Notes in the aggregate principal amount of $109,440,000640,000,000, (iv) Class B A-3a Notes in the aggregate principal amount of $67,200,000285,000,000, (v) Class A-3b Notes in the aggregate principal amount of $285,000,000, (vi) Class A-4a Notes in the aggregate principal amount of $211,452,000, (vii) Class A-4b Notes in the aggregate principal amount of $211,000,000, (viii) Class B-1 Notes in the aggregate principal amount of $52,733,000 , (ix) Class B-2 Notes in the aggregate principal amount of $37,250,000 and (x) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00059,989,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action...

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000212,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000247,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000365,000,000, Class A-4 Notes in the aggregate principal amount of $146,844,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00029,156,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2006-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000563,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000708,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 764,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000715,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000150,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000174,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000194,000,000, Class A-4 Notes in the aggregate principal amount of $114,125,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00017,875,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2004-3)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000287,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000440,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 284,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000489,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000279,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000325,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000308,000,000, Class A-4 Notes in the aggregate principal amount of $283,090,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00054,910,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2007-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000114,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000155,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000157,000,000, Class A-4 Notes in the aggregate principal amount of $55,250,000, Class B Notes in the aggregate principal amount of $67,200,000, 10,000,000 and Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,0008,754,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Depositor, the Administrator or a Majority of the Certificateholders recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Fifth Third Auto Trust 2013-A)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000204,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,000187,000,000, Class A-3 A-2-B Notes in the aggregate principal amount of $109,440,000120,000,000, Class A-3-A Notes in the aggregate principal amount of $190,000,000, Class A-3-B Notes in the aggregate principal amount of $105,000,000, Class A-4-A Notes in the aggregate principal amount of $132,500,000, Class A-4-B Notes in the aggregate principal amount of $161,500,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00054,030,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Servicer or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000299,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000277,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000525,000,000, Class A-4 Notes in the aggregate principal amount of $361,217,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00037,783,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2005-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000647,000,000, (ii) Class A-2 Notes in the aggregate principal amount of $164,160,000535,000,000, (iii) Class A-3 Notes in the aggregate principal amount of $109,440,000691,500,000, (iv) Class A-4 Notes in the aggregate principal amount of $300,000,000 and (v) Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00080,500,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Motor Credit Co)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000, Class A-2 Notes 912,117,000 (comprised of $140,000,000 in the aggregate principal amount of Class A-1 Notes, $164,160,000, Class A-3 Notes 165,000,000 in the aggregate principal amount of Class A-2 Notes, $109,440,000, Class B Notes 350,000,000 in the aggregate principal amount of Class A-3 Notes, $67,200,000, Class C Notes 193,022,000 in the aggregate principal amount of Class A-4 Notes and $110,800,000, Class D Notes 64,095,000 in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000B Notes). In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Mmca Auto Owner Trust 2001-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver deliver: (i) Class A-1 Notes in the aggregate principal amount of $81,600,000, 346,000,000; (ii) Class A-1A Notes in the aggregate principal amount of $140,000,000; (iii) Class A-2 Notes in the aggregate principal amount of $164,160,000, 535,000,000; (iv) Class A-3 Notes in the aggregate principal amount of $109,440,000, 559,000,000; (v) Class A-4 Notes in the aggregate principal amount of $200,785,000; (vi) Class B Notes in the aggregate principal amount of $67,200,000, 56,235,000; and (vii) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00037,490,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Owner Trust 2004-A)

General Authority. The Owner Trustee is authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00082,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000123,340,000, Class A-3 Notes in the aggregate principal amount of $109,440,000123,340,000, Class B Notes in the aggregate principal amount of $67,200,00066,110,000, Class C Notes in the aggregate principal amount of $110,800,00085,490,000, Class D Notes in the aggregate principal amount of $105,600,000 100,310,000 and Class E Notes in the aggregate principal amount of $49,200,00061,550,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.. 30 Amended and Restated Trust Agreement (BLAST 2026-2)

Appears in 1 contract

Sources: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2026-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000198,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000262,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000305,000,000, and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000235,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000548,000,000, (ii) Class A-2 A-2A Notes in the aggregate principal amount of $164,160,000608,000,000, (iii) Class A-2B Notes in the aggregate principal amount of $25,000,000, (iv) Class A-3 Notes in the aggregate principal amount of $109,440,000432,000,000, (v) Class A-4 Notes in the aggregate principal amount of $309,720,000, (vi) Class B Notes in the aggregate principal amount of $67,200,00050,333,000, (vii) Class C Notes in the aggregate principal amount of $110,800,000, 20,133,000 and (viii) Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00055,366,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000180,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000230,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000580,000,000, Class A-4 Notes in the aggregate principal amount of $210,000,000 , and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00077,830,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Servicer or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables Trust 2001-B)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Administrator shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the DepositorAdministrator, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000133,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000122,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000190,000,000, Class A-4 Notes in the aggregate principal amount of $68,187,500, and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00011,812,500. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Servicer or the Administrator recommends or directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (M&i Auto Loan Trust 2002-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000127,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000107,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000160,000,000, Class A-4 Notes in the aggregate principal amount of $79,822,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00026,178,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2007-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000475,000,000, (ii) Class A-2 A-2a Notes in the aggregate principal amount of $164,160,000, 500,000,000 (iii) Class A-3 A-2b Notes in the aggregate principal amount of $109,440,000500,000,000, (iv) Class B A-3a Notes in the aggregate principal amount of $67,200,000317,000,000, (v) Class A-3b Notes in the aggregate principal amount of $553,000,000, (vi) Class A-4 Notes in the aggregate principal amount of $227,250,000, (vii) Class B-1 Notes in the aggregate principal amount of $40,612,000 (viii) Class B-2 Notes in the aggregate principal amount of $40,613,000 and (ix) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00054,165,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action...

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000725,000,000, (ii) Class A-2 A-2a Notes in the aggregate principal amount of $164,160,000550,000,000, (iii) Class A-3 A-2b Notes in the aggregate principal amount of $109,440,0001,550,000,000, (iv) Class A-3a Notes in the aggregate principal amount of $325,000,000, (v) Class A-3b Notes in the aggregate principal amount of $1,740,000,000, (vi) Class A-4 Notes in the aggregate principal amount of $606,480,000, (vii) Class B Notes in the aggregate principal amount of $67,200,000, 173,570,000 and (viii) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000115,716,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000137,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000233,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000137,602,000, Class B Notes in the aggregate principal amount of $67,200,00057,310,000, Class C Notes in the aggregate principal amount of $110,800,000, 69,590,000 and Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00065,498,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Finance Trust 2005-B-Ss)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000470,000,000, (ii) Class A-2 Notes in the aggregate principal amount of $164,160,000388,000,000, (iii) Class A-3 Notes in the aggregate principal amount of $109,440,000321,500,000, (iv) Class A-4 Notes in the aggregate principal amount of $249,000,000, (v) Class A-5 Notes in the aggregate principal amount of $181,880,000, (vi) Variable Pay Term Notes in the aggregate amount of $448,620,000 on the Closing Date and in such other amounts as may be issued on Targeted Scheduled Distribution Dates to pay the aggregate principal amount of a subclass of Class A Notes pursuant to the Indenture, and (vii) Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00076,260,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two L P)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000364,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000469,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000660,000,000, Class A-4-A Notes in the aggregate principal amount of $253,500,000 and Class A-4-B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000253,500,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000289,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000430,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $109,440,000167,000,000, Class A-3-B Notes in an aggregate principal amount of $167,000,000 and Class A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000447,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Depositors shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof, and and, on behalf of the Issuer at the written direction of the DepositorDepositors, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00059,500,000.00, Class A-2 Notes in the aggregate principal amount of $164,160,000119,000,000.00, Class A-3 Notes in the aggregate principal amount of $109,440,000113,000,000.00, Class B A-4 Notes in the aggregate principal amount of $67,200,00073,000,000.00, Class C A-5 Notes in the aggregate principal amount of $110,800,000132,000,000.00, Class D A-6 Notes in the aggregate principal amount of $105,600,000 and 88,000,000.00, Class E ▇- ▇ Notes in the aggregate principal amount of $49,200,00057,000,000.00, Class A-8 Notes in the aggregate principal amount of $85,000,000.00, Class A-9 Notes in the aggregate principal amount of $61,000,000.00 and Class A-10 Notes in the aggregate principal amount of $65,000,000.00. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as an Administrator or the Administrator directs Depositors recommend or direct in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Chase Manhattan Bank Usa)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Trust is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as a party and any amendment thereto, in each case, in such form as the Depositor shall approve, Majority Certificateholders will approve as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and Trust, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000140,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $164,160,00060,000,000, Class A-3 A-2b Notes in the aggregate principal amount of $109,440,000155,000,000, Class B A-3a Notes in the aggregate principal amount of $67,200,00035,000,000, Class C A-3b Notes in the aggregate principal amount of $110,800,00072,000,000, Class D A-4a Notes in the aggregate principal amount of $105,600,000 36,330,000 and Class E A-4b Notes in the aggregate principal amount of $49,200,000100,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall will not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs in writing Instructing Party recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Triad Financial Special Purpose LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000602,000,000, (ii) Class A-2 A-2a Notes in the aggregate principal amount of $164,160,000200,000,000, (iii) Class A-3 A-2b Notes in the aggregate principal amount of $109,440,0001,116,000,000, (iv) Class A-3a Notes in the aggregate principal amount of $250,000,000, (v) Class A-3b Notes in the aggregate principal amount of $306,000,000, (vi) Class A-4a Notes in the aggregate principal amount of $204,737,000, (vii) Class A-4b Notes in the aggregate principal amount of $171,000,000, (viii) Class B Notes in the aggregate principal amount of $67,200,000, 89,992,000 and (ix) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00059,994,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action...

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $81,600,000700,000,000, (ii) Class A-2 A-2a Notes in the aggregate principal amount of $164,160,000515,050,000, (iii) Class A-3 A-2b Notes in the aggregate principal amount of $109,440,000574,834,000, (iv) Class A-3a Notes in the aggregate principal amount of $388,858,000, (v) Class A-3b Notes in the aggregate principal amount of $776,000,000, (vi) Class A-4 Notes in the aggregate principal amount of $393,322,000, (vii) Class B Notes in the aggregate principal amount of $67,200,000, 105,728,000 and (viii) Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00070,486,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Receivables Two LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000216,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000228,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000303,000,000, Class A-4 Notes in the aggregate principal amount of $230,500,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00022,500,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2003-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000198,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000175,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000248,000,000, Class A-4 Notes in the aggregate principal amount of $209,875,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00019,125,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller or the Administrator recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2004-1)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000265,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000349,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000308,000,000, Class A-4 Notes in the aggregate principal amount of $293,101,000 and Class B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00034,899,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Prime Auto Receivables Trust 2006-2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000249,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000427,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 221,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000503,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Finance Trust 2005-D)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver deliver: (i) Class A-1 Notes in the aggregate principal amount of $81,600,000, 363,000,000; (ii) Class A-2 Notes in the aggregate principal amount of $164,160,000, 657,000,000; (iii) Class A-3 Notes in the aggregate principal amount of $109,440,000, 618,000,000; (iv) Class A-4 Notes in the aggregate principal amount of $273,121,000; (v) Class B Notes in the aggregate principal amount of $67,200,000, 60,351,000; (vi) Class C Notes in the aggregate principal amount of $110,800,000, 40,234,000; and (vii) Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00040,234,000. In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Controlling Note Class for such action.

Appears in 1 contract

Sources: Trust Agreement (Ford Credit Auto Owner Trust 2005-C)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000, 155,000,000 Class A-2 Notes in the aggregate principal amount of $164,160,000, 375,000,000 Class A-3 Notes in the aggregate principal amount of $109,440,000, 165,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000305,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Finance Trust 2004-A)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, thereof and at the written direction of the Depositor's execution of this Agreement, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000, Class A-2 Notes 665,966,000 (comprised of $146,169,000 in the aggregate principal amount of Class A-1 Notes, $164,160,000, Class A-3 Notes 94,000,000 in the aggregate principal amount of Class A-2 Notes, $109,440,000, Class B Notes 229,000,000 in the aggregate principal amount of Class A-3 Notes, $67,200,000, Class C Notes 150,000,000 in the aggregate principal amount of Class A-4 Notes and $110,800,000, Class D Notes 46,797,000 in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000B Notes). In addition to the foregoing, the Owner Trustee is authorized and empowered, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action on behalf of the Trust as is permitted by the Basic Documents and which the Servicer or the Administrator directs in writing recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Sources: Trust Agreement (Mmca Auto Owner Trust 2001 2)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000349,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000334,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $109,440,000294,500,000, Class A-3-B Notes in an aggregate principal amount of $294,500,000 and Class A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000478,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000440,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000502,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $109,440,000442,500,000, Class A-3-B Notes in an aggregate principal amount of $442,500,000 and Class A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000669,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000433,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000454,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $109,440,000331,500,000, Class A-3-B Notes in an aggregate principal amount of $331,500,000 and Class A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000450,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) on behalf of the Issuer the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Seller shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer and Issuer, to direct the Indenture Trustee to authenticate and deliver the Class A-1 Notes in the aggregate principal amount of $81,600,00077,000,000, the Class A-2 A-2-A Notes in the aggregate principal amount of $164,160,00025,000,000, the Class A-2-B Notes in the aggregate principal amount of $111,000,000, the Class A-3 Notes in the aggregate principal amount of $109,440,000119,000,000, the Class A-4-A Notes in the aggregate principal amount of $50,000,000, and the Class A-4-B Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000118,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents, it being the intent of the parties that the Administrator shall perform these duties under the Administration Agreement. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator directs Controlling Party shall direct in writing with respect to the Transaction Documents so long as such activities are consistent with the terms of the Transaction Documents, except . The Controlling Party hereby agrees not to instruct the extent that this Agreement expressly requires Owner Trustee to take any action which is inconsistent with or in violation of the consent terms of each Certificateholder for such actionthe Transaction Documents.

Appears in 1 contract

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2007-3)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Depositor Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the DepositorSeller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,000293,000,000, Class A-2 Notes in the aggregate principal amount of $164,160,000430,000,000, Class A-3 Notes in the aggregate principal amount of $109,440,000, 340,000,000 and Class B A-4 Notes in the aggregate principal amount of $67,200,000, Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,000437,000,000. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Administrator Seller, the Administrator, the Residual Interestholder or the Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Sources: Trust Agreement (Capital One Auto Finance Trust 2005-A)

General Authority. The Owner Trustee is authorized, empowered authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Depositor Depositors shall approve, approve as evidenced conclusively by the Owner Trustee’s 's execution thereof, and and, on behalf of the Issuer at the written direction of the DepositorDepositors, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $81,600,00041,800,000, Class A-2 Notes in the aggregate principal amount of $164,160,00055,600,000, Class A-3 Notes in the aggregate principal amount of $109,440,00050,600,000, Class A-4 Notes in the aggregate principal amount of $37,300,000, Class A-5 Notes in the aggregate principal amount of $29,300,000, Class A-6 Notes in the aggregate principal amount of $23,700,000, Class B Notes in the aggregate principal amount of $67,200,000, 10,650,000 and Class C Notes in the aggregate principal amount of $110,800,000, Class D Notes in the aggregate principal amount of $105,600,000 and Class E Notes in the aggregate principal amount of $49,200,00017,312,029.25. In addition to the foregoing, the Owner Trustee is authorized and empoweredauthorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as an Administrator or the Administrator directs Depositors recommend or direct in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Sources: Trust Agreement (Chase Manhattan Bank Usa)