Common use of General Authority Clause in Contracts

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 $165,300,000, Class A-2 Notes in the aggregate principal amount of $260,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000, Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2019-2), Trust Agreement (Santander Drive Auto Receivables Trust 2019-2)

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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 $165,300,000157,900,000, Class A-2 Notes in the aggregate principal amount of $260,000,000340,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000174,200,000, Class B Notes in the aggregate principal amount of $128,280,000124,580,000, Class C Notes in the aggregate principal amount of $160,930,000139,060,000, Class D Notes in the aggregate principal amount of $144,610,000 89,800,000, and Class E Notes in the aggregate principal amount of $99,120,00034,760,000. 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

Samples: 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 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 $165,300,000146,600,000, Class A-2 Notes in the aggregate principal amount of $260,000,000130,200,000, Class A-3 Notes in the aggregate principal amount of $143,790,000130,200,000, Class A-4 Notes in the aggregate principal amount of $65,520,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0008,510,000. 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

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance 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 $165,300,000132,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000152,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000133,000,000, Class A-4 Notes in the aggregate principal amount of $74,180,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0008,820,000. 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

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance 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 $165,300,000366,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000287,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000, 268,000,000 and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,00079,000,000. 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

Samples: 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 $165,300,000233,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000358,980,000, Class A-3 Notes in the aggregate principal amount of $143,790,000227,230,000, Class B Notes in the aggregate principal amount of $128,280,000134,180,000, Class C Notes in the aggregate principal amount of $160,930,000169,500,000, Class D Notes in the aggregate principal amount of $144,610,000 127,110,000 and Class E Notes in the aggregate principal amount of $99,120,00042,380,000. 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

Samples: 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 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 $165,300,000170,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000512,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000218,670,000, Class B Notes in the aggregate principal amount of $128,280,000199,290,000, Class C Notes in the aggregate principal amount of $160,930,000, 279,590,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000219,600,000. 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

Samples: Trust Agreement (Drive Auto Receivables Trust 2021-1), Trust Agreement (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 $165,300,000222,400,000, Class A-2 Notes in the aggregate principal amount of $260,000,000543,100,000, Class A-3 Notes in the aggregate principal amount of $143,790,000292,370,000, Class B Notes in the aggregate principal amount of $128,280,000288,610,000, Class C Notes in the aggregate principal amount of $160,930,000243,480,000, Class D Notes in the aggregate principal amount of $144,610,000 241,380,000 and Class E Notes in the aggregate principal amount of $99,120,000131,180,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-4), Trust Agreement (Santander Drive Auto Receivables Trust 2021-4)

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 $165,300,000152,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000135,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000135,000,000, Class A-4 Notes in the aggregate principal amount of $69,180,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0008,820,000. 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

Samples: 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 $165,300,000194,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000310,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000111,670,000, Class B Notes in the aggregate principal amount of $128,280,000129,750,000, Class C Notes in the aggregate principal amount of $160,930,000156,670,000, Class D Notes in the aggregate principal amount of $144,610,000 126,080,000 and Class E Notes in the aggregate principal amount of $99,120,00048,960,000. 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

Samples: 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 $165,300,000122,320,000, Class A-2 Notes in the aggregate principal amount of $260,000,000567,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000253,120,000, Class B Notes in the aggregate principal amount of $128,280,000174,650,000, Class C Notes in the aggregate principal amount of $160,930,000, 129,570,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000210,060,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-1), Trust Agreement (Santander Drive Auto Receivables Trust 2024-1)

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 $165,300,000271,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000424,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000415,000,000, and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000140,000,000. 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

Samples: 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 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 $165,300,000224,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000600,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000279,090,000, Class B Notes in the aggregate principal amount of $128,280,000199,360,000, Class C Notes in the aggregate principal amount of $160,930,000320,080,000, Class D Notes in the aggregate principal amount of $144,610,000 274,660,000 and Class E Notes in the aggregate principal amount of $99,120,000162,810,000. 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

Samples: 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 $165,300,000150,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000206,000,000, Class A-2-B Notes in the aggregate principal amount of $206,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000157,300,000, Class B Notes in the aggregate principal amount of $128,280,000148,830,000, Class C Notes in the aggregate principal amount of $160,930,000, 201,540,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000137,200,000. 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

Samples: 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 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 $165,300,000256,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000606,680,000, Class A-3 Notes in the aggregate principal amount of $143,790,000280,920,000, Class B Notes in the aggregate principal amount of $128,280,000208,140,000, Class C Notes in the aggregate principal amount of $160,930,000329,550,000, Class D Notes in the aggregate principal amount of $144,610,000 319,150,000 and Class E Notes in the aggregate principal amount of $99,120,000138,760,000. 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

Samples: 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 $165,300,000138,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000324,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000139,410,000, Class B Notes in the aggregate principal amount of $128,280,000123,400,000, Class C Notes in the aggregate principal amount of $160,930,000, 176,010,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000155,870,000. In addition to the foregoing, the Owner Trustee is authorized, 26 Amended and Restated Trust Agreement (DRIVE 2020-1) 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

Samples: Trust Agreement (Drive Auto Receivables Trust 2020-1), Trust Agreement (Drive Auto Receivables Trust 2020-1)

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 $165,300,000175,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000341,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000304,870,000, Class B Notes in the aggregate principal amount of $128,280,000135,650,000, Class C Notes in the aggregate principal amount of $160,930,000166,960,000, Class D Notes in the aggregate principal amount of $144,610,000 76,520,000 and Class E Notes in the aggregate principal amount of $99,120,00069,570,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-2), Trust Agreement (Santander Drive Auto Receivables 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 $165,300,000155,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000174,260,000, Class A-3 Notes in the aggregate principal amount of $143,790,00086,050,000, Class B Notes in the aggregate principal amount of $128,280,000133,600,000, Class C Notes in the aggregate principal amount of $160,930,000168,450,000, Class D Notes in the aggregate principal amount of $144,610,000 162,640,000 and Class E Notes in the aggregate principal amount of $99,120,00058,080,000. 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

Samples: 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 $165,300,000156,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000233,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000144,600,000, Class B Notes in the aggregate principal amount of $128,280,000118,390,000, Class C Notes in the aggregate principal amount of $160,930,000144,580,000, Class D Notes in the aggregate principal amount of $144,610,000 109,120,000 and Class E Notes in the aggregate principal amount of $99,120,00054,560,000. 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

Samples: 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 $165,300,000155,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000290,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000203,310,000, Class B Notes in the aggregate principal amount of $128,280,000177,480,000, Class C Notes in the aggregate principal amount of $160,930,000236,650,000, Class D Notes in the aggregate principal amount of $144,610,000 221,850,000 and Class E Notes in the aggregate principal amount of $99,120,00073,130,000. 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

Samples: 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 $165,300,000288,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000418,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000418,000,000, and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000126,000,000. 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

Samples: 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 $165,300,000172,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000383,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000222,400,000, Class B Notes in the aggregate principal amount of $128,280,000128,470,000, Class C Notes in the aggregate principal amount of $160,930,000158,120,000, Class D Notes in the aggregate principal amount of $144,610,000 72,470,000 and Class E Notes in the aggregate principal amount of $99,120,00065,890,000. 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.. 11 Amended and Restated

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-3), Trust Agreement (Santander Drive Auto Receivables Trust 2013-3)

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 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 $165,300,000324,500,000, Class A-2 Notes in the aggregate principal amount of $260,000,000630,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000, 630,000,000 and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000165,500,000. 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

Samples: 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 $165,300,000247,100,000, Class A-2 Notes in the aggregate principal amount of $260,000,000450,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000131,460,000, Class B Notes in the aggregate principal amount of $128,280,000135,720,000, Class C Notes in the aggregate principal amount of $160,930,000171,430,000, Class D Notes in the aggregate principal amount of $144,610,000 114,290,000 and Class E Notes in the aggregate principal amount of $99,120,00057,140,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-2), Trust Agreement (Santander Drive Auto Receivables 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 $165,300,000247,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000374,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000160,290,000, Class B Notes in the aggregate principal amount of $128,280,000183,010,000, Class C Notes in the aggregate principal amount of $160,930,000197,200,000, Class D Notes in the aggregate principal amount of $144,610,000 108,310,000 and Class E Notes in the aggregate principal amount of $99,120,00074,700,000. 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

Samples: 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 $165,300,000142,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000172,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000125,000,000, Class A-4 Notes in the aggregate principal amount of $52,180,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0008,820,000. 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

Samples: 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 (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 $165,300,000345,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000297,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000488,000,000, and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000248,800,000. 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

Samples: 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 $165,300,000329,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000746,940,000, Class A-3 Notes in the aggregate principal amount of $143,790,000355,690,000, Class B Notes in the aggregate principal amount of $128,280,000341,880,000, Class C Notes in the aggregate principal amount of $160,930,000356,130,000, Class D Notes in the aggregate principal amount of $144,610,000 370,360,000 and Class E Notes in the aggregate principal amount of $99,120,000163,820,000. 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

Samples: 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 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 $165,300,000355,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000380,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000450,000,000, Class A-4 Notes in the aggregate principal amount of $258,000,000, Class B Notes in the aggregate principal amount of $128,280,00020,250,000, Class C Notes in the aggregate principal amount of $160,930,000, 21,000,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,00015,750,000. 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 recommend or 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

Samples: Trust Agreement (Huntington Auto Trust 2016-1), Trust Agreement (Huntington Auto 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 $165,300,000127,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000264,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000151,620,000, Class B Notes in the aggregate principal amount of $128,280,000134,750,000, Class C Notes in the aggregate principal amount of $160,930,000, 169,690,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000102,940,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-1), Trust Agreement (Santander Drive Auto Receivables Trust 2020-1)

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 $165,300,000245,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000343,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000147,280,000, Class B Notes in the aggregate principal amount of $128,280,000163,150,000, Class C Notes in the aggregate principal amount of $160,930,000199,240,000, Class D Notes in the aggregate principal amount of $144,610,000 150,370,000 and Class E Notes in the aggregate principal amount of $99,120,00075,190,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2017-2), 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 $165,300,000184,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000355,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000294,330,000, Class B Notes in the aggregate principal amount of $128,280,000137,710,000, Class C Notes in the aggregate principal amount of $160,930,000169,490,000, Class D Notes in the aggregate principal amount of $144,610,000 109,470,000 and Class E Notes in the aggregate principal amount of $99,120,00042,370,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-1), Trust Agreement (Santander Drive Auto Receivables Trust 2013-1)

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 $165,300,000285,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000509,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000435,280,000, Class B Notes in the aggregate principal amount of $128,280,000199,340,000, Class C Notes in the aggregate principal amount of $160,930,000, 238,100,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000246,970,000. 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

Samples: 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 $165,300,000128,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000266,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000159,720,000, Class B Notes in the aggregate principal amount of $128,280,000123,490,000, Class C Notes in the aggregate principal amount of $160,930,000, 169,880,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000118,260,000. 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

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-2), Trust Agreement (Drive Auto Receivables Trust 2019-2)

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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 $165,300,000281,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000381,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000376,000,000, and Class B A-4 Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000212,000,000. 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

Samples: 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 $165,300,000195,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000375,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,00085,360,000, Class B Notes in the aggregate principal amount of $128,280,000107,350,000, Class C Notes in the aggregate principal amount of $160,930,000135,590,000, Class D Notes in the aggregate principal amount of $144,610,000 101,700,000 and Class E Notes in the aggregate principal amount of $99,120,00033,890,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-1), Trust Agreement (Santander Drive Auto Receivables 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 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 $165,300,000180,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000182,770,000, Class B Notes in the aggregate principal amount of $128,280,000168,250,000, Class C Notes in the aggregate principal amount of $160,930,000, 232,150,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000220,820,000. 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

Samples: 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 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 $165,300,000109,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000129,520,000, Class B Notes in the aggregate principal amount of $128,280,000135,420,000, Class C Notes in the aggregate principal amount of $160,930,000, 128,430,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000100,450,000. 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

Samples: 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 $165,300,000233,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000509,690,000, Class A-3 Notes in the aggregate principal amount of $143,790,000404,910,000, Class B Notes in the aggregate principal amount of $128,280,000190,240,000, Class C Notes in the aggregate principal amount of $160,930,000, 221,100,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000234,460,000. 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 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2022-6), Trust Agreement (Santander Drive Auto Receivables Trust 2022-6)

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 $165,300,000155,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000327,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000126,750,000, Class B Notes in the aggregate principal amount of $128,280,000186,120,000, Class C Notes in the aggregate principal amount of $160,930,000236,510,000, Class D Notes in the aggregate principal amount of $144,610,000 237,320,000 and Class E Notes in the aggregate principal amount of $99,120,00072,340,000. 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

Samples: 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 $165,300,000239,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000301,600,000, Class A-3 Notes in the aggregate principal amount of $143,790,000118,980,000, Class B Notes in the aggregate principal amount of $128,280,000182,180,000, Class C Notes in the aggregate principal amount of $160,930,000169,550,000, Class D Notes in the aggregate principal amount of $144,610,000 119,020,000 and Class E Notes in the aggregate principal amount of $99,120,00093,090,000. 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

Samples: 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 $165,300,000215,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000573,500,000, Class A-3 Notes in the aggregate principal amount of $143,790,000273,440,000, Class B Notes in the aggregate principal amount of $128,280,000210,210,000, Class C Notes in the aggregate principal amount of $160,930,000318,040,000, Class D Notes in the aggregate principal amount of $144,610,000 266,850,000 and Class E Notes in the aggregate principal amount of $99,120,000152,480,000. 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

Samples: 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 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 $165,300,000281,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000398,660,000, Class A-3 Notes in the aggregate principal amount of $143,790,000237,850,000, Class B Notes in the aggregate principal amount of $128,280,000150,290,000, Class C Notes in the aggregate principal amount of $160,930,000189,830,000, Class D Notes in the aggregate principal amount of $144,610,000 142,370,000 and Class E Notes in the aggregate principal amount of $99,120,00047,460,000. 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

Samples: 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 $165,300,000188,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000235,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000124,900,000, Class B Notes in the aggregate principal amount of $128,280,000123,460,000, Class C Notes in the aggregate principal amount of $160,930,000, 155,890,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000151,340,000. 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

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2018-4), Trust Agreement (Santander 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 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 $165,300,000122,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000200,000,000, Class A-2-B Notes in the aggregate principal amount of $80,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000186,770,000, Class B Notes in the aggregate principal amount of $128,280,000125,040,000, Class C Notes in the aggregate principal amount of $160,930,000, 178,460,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000119,840,000. 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

Samples: 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 $165,300,000140,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $260,000,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $90,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000159,480,000, Class B Notes in the aggregate principal amount of $128,280,000113,070,000, Class C Notes in the aggregate principal amount of $160,930,000, 164,470,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000158,040,000. 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

Samples: 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 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 $165,300,000183,600,000, Class A-2 Notes in the aggregate principal amount of $260,000,000464,170,000, Class A-3 Notes in the aggregate principal amount of $143,790,000210,000,000, Class B Notes in the aggregate principal amount of $128,280,000169,800,000, Class C Notes in the aggregate principal amount of $160,930,000256,900,000, Class D Notes in the aggregate principal amount of $144,610,000 215,530,000 and Class E Notes in the aggregate principal amount of $99,120,000123,180,000. 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

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

General Authority. The Owner Trustee is authorized 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 $165,300,000192,200,000, Class A-2 Notes in the aggregate principal amount of $260,000,000180,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000277,300,000, Class A-4 Notes in the aggregate principal amount of $75,000,000, Class B Notes in the aggregate principal amount of $128,280,0009,370,000, Class C Notes in the aggregate principal amount of $160,930,000, 8,630,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0007,500,000. 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 SellerDepositor, the Administrator or the Majority Certificateholders recommend or 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 1 contract

Samples: Trust Agreement (Huntington Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction 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 Documents to which the Issuer or the Owner Trustee Trust is named as a party and any amendment thereto, including without limitation, the Premium Fee Letter (as defined in the Insurance Agreement), 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 $165,300,000234,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000282,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $143,790,000190,000,000, Class A-3-B Notes in the aggregate principal amount of $150,000,000, Class A-4-A Notes in the aggregate principal amount of $150,000,000, Class A-4-B Notes in the aggregate principal amount of $119,000,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,00084,677,419.35. 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 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 Residual Interestholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One 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 $165,300,000[—], Class A-2 Notes in the aggregate principal amount of $260,000,000[—], Class A-3 Notes in the aggregate principal amount of $143,790,000[—], Class A-4 Notes in the aggregate principal amount of $[—], Class B Notes in the aggregate principal amount of $128,280,000[—], Class C Notes in the aggregate principal amount of $160,930,000, [—] and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000[—]. 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 recommend or 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 1 contract

Samples: Trust Agreement (Huntington Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the 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 (i) Class A-1 Notes in the aggregate principal amount of $165,300,000476,000,000, (ii) Class A-2 Notes in the aggregate principal amount of $260,000,000350,000,000, (iii) Class A-3 Notes in the aggregate principal amount of $143,790,0001,039,000,000, (iv) Class A-4 Notes in the aggregate principal amount of $610,650,000, (v) Class A-5 Notes in the aggregate principal amount of $250,000,000, (vi) Class A-6 Notes in the aggregate principle amount of $250,000,000 and (vii) Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000110,200,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer 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 directs 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

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

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 $165,300,000134,410,000, Class A-2 Notes in the aggregate principal amount of $260,000,000581,410,000, Class A-3 Notes in the aggregate principal amount of $143,790,000323,320,000, Class B Notes in the aggregate principal amount of $128,280,000197,220,000, Class C Notes in the aggregate principal amount of $160,930,000, 142,390,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,000230,820,000. 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 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 1 contract

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2)

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 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 Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and on behalf of Issuer 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 $165,300,000268,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000132,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000150,000,000, Class A-4 Notes in the aggregate principal amount of TRUST AGREEMENT $148,000,000, Class A-5 Notes in the aggregate principal amount of $151,800,000, Class A-P Notes in the aggregate principal amount of $125,000,000, Class B Notes in the aggregate principal amount of $128,280,00063,620,000, and Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,00024,300,000. 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 Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Servicer or 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

Samples: Trust Agreement (Key Consumer Acceptance Corp)

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 $165,300,000224,000,000, Class A-2 Notes in the aggregate principal amount of $260,000,000195,000,000, Class A-3 Notes in the aggregate principal amount of $143,790,000385,000,000, Class A-4 Notes in the aggregate principal amount of $176,000,000 and Class B Notes in the aggregate principal amount of $128,280,000, Class C Notes in the aggregate principal amount of $160,930,000, Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,00020,000,000. 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, 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 1 contract

Samples: Trust Agreement (USAA Auto Owner Trust 2009-2)

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 $165,300,000192,200,000, Class A-2 Notes in the aggregate principal amount of $260,000,000180,000,000, Class A-3 A‑3 Notes in the aggregate principal amount of $143,790,000277,300,000, Class A‑4 Notes in the aggregate principal amount of $75,000,000, Class B Notes in the aggregate principal amount of $128,280,0009,370,000, Class C Notes in the aggregate principal amount of $160,930,000, 8,630,000 and Class D Notes in the aggregate principal amount of $144,610,000 and Class E Notes in the aggregate principal amount of $99,120,0007,500,000. 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 SellerDepositor, the Administrator or the Majority Certificateholders recommend or 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 1 contract

Samples: Trust Agreement (Huntington Auto Trust 2015-1)

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