General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000, Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000290,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000203,310,000, Class B Notes in the aggregate principal amount of $118,390,000177,480,000, Class C Notes in the aggregate principal amount of $144,580,000236,650,000, Class D Notes in the aggregate principal amount of $109,120,000 221,850,000 and Class E Notes in the aggregate principal amount of $54,560,00073,130,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000195,870,000, Class A-2 Notes in the aggregate principal amount of $233,000,000447,960,000, Class A-3 Notes in the aggregate principal amount of $144,600,000338,890,000, Class B Notes in the aggregate principal amount of $118,390,000214,650,000, Class C Notes in the aggregate principal amount of $144,580,000, 180,120,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000218,380,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 2025-2), Trust Agreement (Drive Auto Receivables Trust 2025-2)
General Authority. The Owner Trustee is 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 Seller Transferor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000220,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000470,000,000, Class A-2-B Notes in the aggregate principal amount of $162,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000559,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00089,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerTransferor, the Administrator requisite number of Certificateholders or the Majority Certificateholders direct 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 Transferor, the Certificateholders 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 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,00096,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000128,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000112,000,000, Class B Notes in the aggregate principal amount of $118,390,00064,000,000, Class C Notes in the aggregate principal amount of $144,580,000100,000,000, Class D Notes in the aggregate principal amount of $109,120,000 124,000,000 and Class E Notes in the aggregate principal amount of $54,560,00056,000,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized 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 Seller, the Administrator or the Majority Certificateholders direct 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 2024-3), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000327,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000126,750,000, Class B Notes in the aggregate principal amount of $118,390,000186,120,000, Class C Notes in the aggregate principal amount of $144,580,000236,510,000, Class D Notes in the aggregate principal amount of $109,120,000 237,320,000 and Class E Notes in the aggregate principal amount of $54,560,00072,340,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000194,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000310,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000111,670,000, Class B Notes in the aggregate principal amount of $118,390,000129,750,000, Class C Notes in the aggregate principal amount of $144,580,000156,670,000, Class D Notes in the aggregate principal amount of $109,120,000 126,080,000 and Class E Notes in the aggregate principal amount of $54,560,00048,960,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer 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 is named as to be a party and any amendment thereto, in each caseand, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000279,000,000, the Class A-2 A-2a Notes in the aggregate principal amount of $233,000,000280,000,000, the Class A-2b Notes in the aggregate principal amount of $120,000,000, the Class A-3 Notes in the aggregate principal amount of $144,600,000462,000,000, the Class A-4 Notes in the aggregate principal amount of $87,900,000 and the Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00021,100,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Issuer, pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by the Seller, Basic Documents and that the Servicer or the Administrator or the Majority Certificateholders direct in writing recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Receivables 2025-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2025-B Owner Trust)
General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (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 (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, 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 $156,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000140,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000122,000,000, Class A-4 Notes in the aggregate principal amount of $74,180,000 and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,0008,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 2 contracts
Sources: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (USAA Auto Owner Trust 2015-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000345,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000297,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000488,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000248,800,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2010-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000329,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000746,940,000, Class A-3 Notes in the aggregate principal amount of $144,600,000355,690,000, Class B Notes in the aggregate principal amount of $118,390,000341,880,000, Class C Notes in the aggregate principal amount of $144,580,000356,130,000, Class D Notes in the aggregate principal amount of $109,120,000 370,360,000 and Class E Notes in the aggregate principal amount of $54,560,000163,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2021-3), Trust Agreement (Santander Drive Auto Receivables Trust 2021-3)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000224,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000600,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000279,090,000, Class B Notes in the aggregate principal amount of $118,390,000199,360,000, Class C Notes in the aggregate principal amount of $144,580,000320,080,000, Class D Notes in the aggregate principal amount of $109,120,000 274,660,000 and Class E Notes in the aggregate principal amount of $54,560,000162,810,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2021-1), Trust Agreement (Santander Drive Auto Receivables Trust 2021-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000239,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000301,600,000, Class A-3 Notes in the aggregate principal amount of $144,600,000118,980,000, Class B Notes in the aggregate principal amount of $118,390,000182,180,000, Class C Notes in the aggregate principal amount of $144,580,000169,550,000, Class D Notes in the aggregate principal amount of $109,120,000 119,020,000 and Class E Notes in the aggregate principal amount of $54,560,00093,090,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000300,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000475,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000462,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000263,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2011-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000215,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000573,500,000, Class A-3 Notes in the aggregate principal amount of $144,600,000273,440,000, Class B Notes in the aggregate principal amount of $118,390,000210,210,000, Class C Notes in the aggregate principal amount of $144,580,000318,040,000, Class D Notes in the aggregate principal amount of $109,120,000 266,850,000 and Class E Notes in the aggregate principal amount of $54,560,000152,480,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2020-3), Trust Agreement (Santander Drive Auto Receivables Trust 2020-3)
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, 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 $156,000,000, Class A-2 Notes 740,000,000 (comprised of $326,000,000 in the aggregate principal amount of Class A-1 Notes, $233,000,000, Class A-3 Notes 210,000,000 in the aggregate principal amount of Class A-2 Notes, $144,600,000, Class B Notes 142,000,000 in the aggregate principal amount of Class A-3 Notes and $118,390,000, Class C Notes 62,000,000 in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000B Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the Seller, Basic Documents and which the Servicer or the Administrator or the Majority Certificateholders direct 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 2 contracts
Sources: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables Trust)
General Authority. The Owner Trustee is 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 Seller Transferor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000197,500,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000272,500,000, Class A-2-B Notes in the aggregate principal amount of $241,250,000, Class A-3 Notes in the aggregate principal amount of $144,600,000451,250,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00087,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerTransferor, the Administrator requisite number of Certificateholders or the Majority Certificateholders direct 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 Transferor, the Certificateholders 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000288,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000418,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000418,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000126,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000150,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000549,230,000, Class A-3 Notes in the aggregate principal amount of $144,600,000449,370,000, Class B Notes in the aggregate principal amount of $118,390,000217,570,000, Class C Notes in the aggregate principal amount of $144,580,000, 188,170,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000229,330,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 2024-3), Trust Agreement (Santander Drive Auto Receivables Trust 2024-3)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000122,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000200,000,000, Class A-2-B Notes in the aggregate principal amount of $80,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000186,770,000, Class B Notes in the aggregate principal amount of $118,390,000125,040,000, Class C Notes in the aggregate principal amount of $144,580,000, 178,460,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000119,840,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2018-5), Trust Agreement (Drive Auto Receivables Trust 2018-5)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000140,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $90,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000159,480,000, Class B Notes in the aggregate principal amount of $118,390,000113,070,000, Class C Notes in the aggregate principal amount of $144,580,000, 164,470,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000158,040,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2019-1), Trust Agreement (Drive Auto Receivables Trust 2019-1)
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000210,160,000, Class A-2 Notes in the aggregate principal amount of $233,000,000657,140,000, Class A-3 Notes in the aggregate principal amount of $144,600,000438,100,000, Class B Notes in the aggregate principal amount of $118,390,000177,210,000, Class C Notes in the aggregate principal amount of $144,580,000181,340,000, Class D Notes in the aggregate principal amount of $109,120,000 224,610,000 and Class E Notes in the aggregate principal amount of $54,560,00094,780,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000324,500,000, Class A-2 Notes in the aggregate principal amount of $233,000,000630,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000, 630,000,000 and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000165,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator or the Majority Certificateholders direct 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000[ ], Class A-2 Notes in the aggregate principal amount of $233,000,000[ ], Class A-3 Notes in the aggregate principal amount of $144,600,000, [ ] and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000[ ]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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.
Appears in 2 contracts
Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Citizens Auto Receivables, LLC)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000233,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000358,980,000, Class A-3 Notes in the aggregate principal amount of $144,600,000227,230,000, Class B Notes in the aggregate principal amount of $118,390,000134,180,000, Class C Notes in the aggregate principal amount of $144,580,000169,500,000, Class D Notes in the aggregate principal amount of $109,120,000 127,110,000 and Class E Notes in the aggregate principal amount of $54,560,00042,380,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct 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 2012-3), Trust Agreement (Santander Drive Auto Receivables Trust 2012-3)
General Authority. The Owner Trustee is authorized 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,00060,600,000, Class A-2 Notes in the aggregate principal amount of $233,000,000124,580,000, Class A-3 Notes in the aggregate principal amount of $144,600,000124,580,000, Class B Notes in the aggregate principal amount of $118,390,00063,000,000, Class C Notes in the aggregate principal amount of $144,580,00091,000,000, Class D Notes in the aggregate principal amount of $109,120,000 89,250,000 and Class E Notes in the aggregate principal amount of $54,560,00042,010,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized 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 Seller, the Administrator or the Majority Certificateholders direct 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 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 Seller Transferor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000235,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000472,000,000, Class A-2-B Notes in the aggregate principal amount of $60,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000435,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00098,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerTransferor, the Administrator requisite number of Certificateholders or the Majority Certificateholders direct 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, 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 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000285,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000509,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000435,280,000, Class B Notes in the aggregate principal amount of $118,390,000199,340,000, Class C Notes in the aggregate principal amount of $144,580,000, 238,100,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000246,970,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 2022-5), Trust Agreement (Santander Drive Auto Receivables Trust 2022-5)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000128,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000266,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000159,720,000, Class B Notes in the aggregate principal amount of $118,390,000123,490,000, Class C Notes in the aggregate principal amount of $144,580,000, 169,880,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000118,260,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2019-2), Trust Agreement (Drive Auto Receivables Trust 2019-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000281,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000381,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000376,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000212,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2012-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000165,300,000, Class A-2 Notes in the aggregate principal amount of $233,000,000260,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000143,790,000, Class B Notes in the aggregate principal amount of $118,390,000128,280,000, Class C Notes in the aggregate principal amount of $144,580,000160,930,000, Class D Notes in the aggregate principal amount of $109,120,000 144,610,000 and Class E Notes in the aggregate principal amount of $54,560,00099,120,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2019-2), Trust Agreement (Santander Drive Auto Receivables Trust 2019-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000157,900,000, Class A-2 Notes in the aggregate principal amount of $233,000,000340,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000174,200,000, Class B Notes in the aggregate principal amount of $118,390,000124,580,000, Class C Notes in the aggregate principal amount of $144,580,000139,060,000, Class D Notes in the aggregate principal amount of $109,120,000 89,800,000, and Class E Notes in the aggregate principal amount of $54,560,00034,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct 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 2012-5), Trust Agreement (Santander Drive Auto Receivables Trust 2012-5)
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000195,820,000, Class A-2 Notes in the aggregate principal amount of $233,000,000614,220,000, Class A-3 Notes in the aggregate principal amount of $144,600,000408,630,000, Class B Notes in the aggregate principal amount of $118,390,000168,880,000, Class C Notes in the aggregate principal amount of $144,580,000174,650,000, Class D Notes in the aggregate principal amount of $109,120,000 197,670,000 and Class E Notes in the aggregate principal amount of $54,560,00092,120,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 2025-4), Trust Agreement (Santander Drive Auto Receivables Trust 2025-4)
General Authority. The Owner Trustee is 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 Seller Transferor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000212,600,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000305,000,000, Class A-2-B Notes in the aggregate principal amount of $292,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000597,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00093,400,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerTransferor, the Administrator requisite number of Certificateholders or the Majority Certificateholders direct 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 Transferor, the Certificateholders 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000366,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000287,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000, 268,000,000 and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00079,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct 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 2010-1), Trust Agreement (Santander Drive Auto Receivables Trust 2010-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000180,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000182,770,000, Class B Notes in the aggregate principal amount of $118,390,000168,250,000, Class C Notes in the aggregate principal amount of $144,580,000, 232,150,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000220,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2018-4), Trust Agreement (Drive Auto Receivables Trust 2018-4)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000199,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000325,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000369,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000107,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2014-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000271,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000424,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000415,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000140,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2013-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2013-1)
General Authority. The Owner Trustee is authorized 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,00060,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,00095,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,00063,350,000, Class B Notes in the aggregate principal amount of $118,390,00051,970,000, Class C Notes in the aggregate principal amount of $144,580,00065,180,000, Class D Notes in the aggregate principal amount of $109,120,000 96,250,000 and Class E Notes in the aggregate principal amount of $54,560,00035,750,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized 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 Seller, the Administrator or the Majority Certificateholders direct 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 2025-3), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3)
General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (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 (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, 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 $156,000,000252,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000179,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000399,000,000, Class A-4 Notes in the aggregate principal amount of $152,502,000 and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00017,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 2 contracts
Sources: Trust Agreement (USAA Auto Owner Trust 2010-1), Trust Agreement (USAA Auto Owner Trust 2010-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000244,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000385,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000490,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000131,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2012-1), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000[ ], Class A-2 Notes in the aggregate principal amount of $233,000,000[ ], Class A-3 Notes in the aggregate principal amount of $144,600,000, [ ] and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000[ ]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000281,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000398,660,000, Class A-3 Notes in the aggregate principal amount of $144,600,000237,850,000, Class B Notes in the aggregate principal amount of $118,390,000150,290,000, Class C Notes in the aggregate principal amount of $144,580,000189,830,000, Class D Notes in the aggregate principal amount of $109,120,000 142,370,000 and Class E Notes in the aggregate principal amount of $54,560,00047,460,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct 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 2012-4), Trust Agreement (Santander Drive Auto Receivables Trust 2012-4)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000256,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000606,680,000, Class A-3 Notes in the aggregate principal amount of $144,600,000280,920,000, Class B Notes in the aggregate principal amount of $118,390,000208,140,000, Class C Notes in the aggregate principal amount of $144,580,000329,550,000, Class D Notes in the aggregate principal amount of $109,120,000 319,150,000 and Class E Notes in the aggregate principal amount of $54,560,000138,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2021-2), Trust Agreement (Santander Drive Auto Receivables Trust 2021-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000155,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000174,260,000, Class A-3 Notes in the aggregate principal amount of $144,600,00086,050,000, Class B Notes in the aggregate principal amount of $118,390,000133,600,000, Class C Notes in the aggregate principal amount of $144,580,000168,450,000, Class D Notes in the aggregate principal amount of $109,120,000 162,640,000 and Class E Notes in the aggregate principal amount of $54,560,00058,080,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000304,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000502,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000530,000,000, and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000164,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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 Loan Enhanced Trust 2013-2), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2013-2)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000247,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000374,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000160,290,000, Class B Notes in the aggregate principal amount of $118,390,000183,010,000, Class C Notes in the aggregate principal amount of $144,580,000197,200,000, Class D Notes in the aggregate principal amount of $109,120,000 108,310,000 and Class E Notes in the aggregate principal amount of $54,560,00074,700,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (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 (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, 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 $156,000,000142,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000172,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000125,000,000, Class A-4 Notes in the aggregate principal amount of $52,180,000 and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,0008,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 2 contracts
Sources: Trust Agreement (USAA Auto Owner Trust 2012-1), Trust Agreement (USAA Auto Owner Trust 2012-1)
General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (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 (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, 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 $156,000,000152,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000135,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000135,000,000, Class A-4 Notes in the aggregate principal amount of $69,180,000 and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,0008,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 2 contracts
Sources: Trust Agreement (USAA Auto Owner Trust 2016-1), Trust Agreement (USAA Auto Owner Trust 2016-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000109,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000129,520,000, Class B Notes in the aggregate principal amount of $118,390,000135,420,000, Class C Notes in the aggregate principal amount of $144,580,000, 128,430,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000100,450,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2020-2), Trust Agreement (Drive Auto Receivables Trust 2020-2)
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000219,570,000, Class A-2 Notes in the aggregate principal amount of $233,000,000683,010,000, Class A-3 Notes in the aggregate principal amount of $144,600,000455,340,000, Class B Notes in the aggregate principal amount of $118,390,000178,480,000, Class C Notes in the aggregate principal amount of $144,580,000194,600,000, Class D Notes in the aggregate principal amount of $109,120,000 221,480,000 and Class E Notes in the aggregate principal amount of $54,560,000103,210,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator 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 2025-3), Trust Agreement (Santander Drive Auto Receivables Trust 2025-3)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000150,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $233,000,000206,000,000, Class A-2-B Notes in the aggregate principal amount of $206,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000157,300,000, Class B Notes in the aggregate principal amount of $118,390,000148,830,000, Class C Notes in the aggregate principal amount of $144,580,000, 201,540,000 and Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000137,200,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator 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 2019-3), Trust Agreement (Drive Auto Receivables Trust 2019-3)
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000180,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000230,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000580,000,000, Class A-4 Notes in the aggregate principal amount of $210,000,000 , and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00077,830,000. In addition to the foregoing, the Owner Trustee is authorized, 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 from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct 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 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 Trust or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Administrator shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerAdministrator, 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 $156,000,000174,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000220,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000285,000,000, Class A-4 Notes in the aggregate principal amount of $145,500,000, and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00025,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct 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 Dealer Auto Securitization LLC)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000325,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000387,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000, 203,000,000 and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000283,571,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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.
Appears in 1 contract
Sources: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2007-1)
General Authority. The Owner Trustee is 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 Seller shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000204,000,000, the Class A-2 Notes in the aggregate principal amount of $233,000,000340,000,000, the Class A-3 Notes in the aggregate principal amount of $144,600,000, 185,000,000 and the Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000471,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the 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 from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders 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 2007-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000[______], Class A-2 Notes in the aggregate principal amount of $233,000,000[______], Class A-3 Notes in the aggregate principal amount of $144,600,000, [______] and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000[______]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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.
Appears in 1 contract
General Authority. The Owner Trustee is 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 Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, 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 $156,000,000209,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000, 349,000,000 Class A-3 Notes in the aggregate principal amount of $144,600,000320,000,000, Class A-4 Notes in the aggregate principal amount of $322,000,000, and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00065,040,000. In addition to the foregoing, the Owner Trustee is authorized, 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 from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct 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 Finance Trust 2002-A)
General Authority. The Owner Trustee is 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 Seller Administrator shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerAdministrator, 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 $156,000,00082,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,00090,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000112,000,000, Class A-4 Notes in the aggregate principal amount of $52,590,000, and Class B Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,00010,410,000. In addition to the foregoing, the Owner Trustee is authorized, 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 from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct 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
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000285,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000288,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000, 435,000,000 and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000226,188,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct 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.
Appears in 1 contract
Sources: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2005-1)
General Authority. The Owner Trustee is 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 Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, 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 $156,000,000[ ], Class A-2 Notes in the aggregate principal amount of $233,000,000[ ], Class A-3 Notes in the aggregate principal amount of $144,600,000, [ ] and Class B A-4 Notes in the aggregate principal amount of $118,390,000, Class C Notes in the aggregate principal amount of $144,580,000, Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000[ ]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.
Appears in 1 contract
Sources: Trust Agreement (Fifth Third Holdings Funding, LLC)
General Authority. The Owner Trustee is 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 Seller Transferor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the Seller, 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 $156,000,000321,000,000, Class A-2 Notes in the aggregate principal amount of $233,000,000437,000,000, Class A-3 Notes in the aggregate principal amount of $144,600,000326,000,000, Class B A-4 Notes in the aggregate principal amount of $118,390,000416,000,000, which shall be $[__________] of Class C A-4-A Notes in the aggregate principal amount of and $144,580,000, [__________] Class D Notes in the aggregate principal amount of $109,120,000 and Class E Notes in the aggregate principal amount of $54,560,000A-4-B Notes. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Transferor or the Administrator recommends or the Majority Certificateholders direct 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.
Appears in 1 contract
Sources: Trust Agreement (Volkswagen Auto Lease Trust 2004-A)