Common use of Initial Capital Contribution of Owner Trust Estate Clause in Contracts

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-4), Trust Agreement (Ally Auto Receivables Trust 2012-4)

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Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19October 4, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19October 4, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Receivables Trust 2013-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 15, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 15, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2014-1), Trust Agreement (Ally Auto Receivables Trust 2014-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 1, 20122019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 1, 20122019, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 17, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 17, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-4), Trust Agreement (Ally Auto Receivables Trust 2011-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19October 23, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19October 23, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2016-1), Trust Agreement (Ally Auto Receivables Trust 2016-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1917, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1917, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Agreement (Capital Auto Receivables Asset Trust 2015-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19September 7, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19September 7, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-2), Trust Agreement (Ally Auto Receivables Trust 2022-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19January 8, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19January 8, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

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

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 17, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 17, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-1), Trust Agreement (Ally Auto Receivables Trust 2017-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19September 9, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19September 9, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-5), Trust Agreement (Ally Auto Receivables Trust 2011-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 5, 20122019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 5, 20122019, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2019-4), Trust Agreement (Ally Auto Receivables Trust 2019-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 24, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 24, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-2), Trust Agreement (Capital Auto Receivables Asset Trust 2015-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19August 28, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19August 28, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2014-2), Trust Agreement (Ally Auto Receivables Trust 2014-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 14, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 14, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Receivables Trust 2014-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19February 1, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19February 1, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-2), Trust Agreement (Ally Auto Receivables Trust 2018-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19August 13, 20122019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19August 13, 20122019, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2019-3), Trust Agreement (Ally Auto Receivables Trust 2019-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19May 15, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19May 15, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-3), Trust Agreement (Ally Auto Receivables Trust 2018-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19August 2, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19August 2, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Agreement (Capital Auto Receivables Asset Trust 2016-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19March 5, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19March 5, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-2), Trust Agreement (Capital Auto Receivables Asset Trust 2014-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 22, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 22, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-5), Trust Agreement (Ally Auto Receivables Trust 2010-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19September 24, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19September 24, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Agreement (Capital Auto Receivables Asset Trust 2015-4)

Initial Capital Contribution of Owner Trust Estate. The As of August 20, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Owner Trust 2002-4), Trust Agreement (Mmca Auto Owner Trust 2002-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1910, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1910, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-3), Trust Agreement (Capital Auto Receivables Asset Trust 2014-3)

Initial Capital Contribution of Owner Trust Estate. The As of January 2, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Owner Trust 2002-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19October 31, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19October 31, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2013-1), Trust Agreement (Capital Auto Receivables Asset Trust 2013-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 28, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 28, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-3), Trust Agreement (Ally Auto Receivables Trust 2011-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1918, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1918, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2013-3), Trust Agreement (Capital Auto Receivables Asset Trust 2013-3)

Initial Capital Contribution of Owner Trust Estate. The As of March 26, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19January 5, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19January 5, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2018-1), Trust Agreement (Ally Auto Receivables Trust 2018-1)

Initial Capital Contribution of Owner Trust Estate. The As of October 1, 1999, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 10, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 10, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2016-2), Trust Agreement (Capital Auto Receivables Asset Trust 2016-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19January 6, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19January 6, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-1), Trust Agreement (Ally Auto Receivables Trust 2011-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 28, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 28, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-3), Trust Agreement (Ally Auto Receivables Trust 2010-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1923, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1923, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-4), Trust Agreement (Ally Auto Receivables Trust 2010-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 1, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 1, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-5), Trust Agreement (Ally Auto Receivables Trust 2017-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19December 11, 20122014, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19December 11, 20122014, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-1), Trust Agreement (Capital Auto Receivables Asset Trust 2015-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19March 5, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19March 5, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2015-1), Trust Agreement (Ally Auto Receivables Trust 2015-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19December 5, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19December 5, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2014-1), Trust Agreement (Capital Auto Receivables Asset Trust 2014-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19September 14, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19September 14, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-5), Trust Agreement (Ally Auto Receivables Trust 2012-5)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1917, 20122018, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1917, 20122018, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2019-1), Trust Agreement (Ally Auto Receivables Trust 2019-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19February 25, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19February 25, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2011-2), Trust Agreement (Ally Auto Receivables Trust 2011-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 21, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 21, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-3), Trust Agreement (Ally Auto Receivables Trust 2017-3)

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Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19October 28, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19October 28, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2013-4), Trust Agreement (Capital Auto Receivables Asset Trust 2013-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 1924, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 1924, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-4), Trust Agreement (Ally Auto Receivables Trust 2017-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 22, 20122011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 22, 20122011, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-1), Trust Agreement (Ally Auto Receivables Trust 2012-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19March 25, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19March 25, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-1), Trust Agreement (Ally Auto Receivables Trust 2022-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 201220 , the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 201220 , of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables LLC), Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 29, 20122016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 29, 20122016, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2016-3), Trust Agreement (Ally Auto Receivables Trust 2016-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 14, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 14, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-2), Trust Agreement (Ally Auto Receivables Trust 2010-2)

Initial Capital Contribution of Owner Trust Estate. The As of August 5, 2002, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust Ii), Trust Agreement (Mmca Auto Receivables Trust Ii)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19August 28, 20122015, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19August 28, 20122015, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2015-2), Trust Agreement (Ally Auto Receivables Trust 2015-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19March 29, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19March 29, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-3), Trust Agreement (Ally Auto Receivables Trust 2012-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 7, 20122022, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 7, 20122022, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2022-3), Trust Agreement (Ally Auto Receivables Trust 2022-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 7, 20122013, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 7, 20122013, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Capital Auto Receivables LLC), Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19January 26, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19January 26, 2012, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2012-2), Trust Agreement (Ally Auto Receivables Trust 2012-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19June 7, 20122023, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19June 7, 20122023, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2023-1), Trust Agreement (Ally Auto Receivables Trust 2023-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19March 6, 20122017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19March 6, 20122017, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2017-2), Trust Agreement (Ally Auto Receivables Trust 2017-2)

Initial Capital Contribution of Owner Trust Estate. The As of July 6, 2006, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012such date, of the foregoing contribution contribution, which amounts constituted the initial Owner Trust EstateEstate and were deposited in the Certificate Payment Account. The Depositor shall pay the organizational expenses of the Trust Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (WDS Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The As of June 8, 2005, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012the date hereof, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (WFS Financial 2005-3 Owner Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 10, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 10, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 2, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 2, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19September 18, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19September 18, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-3)

Initial Capital Contribution of Owner Trust Estate. The As of March 10, 2005, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19, 2012, Trustee the sum of one dollar$1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012the date hereof, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust EstateEstate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (WFS Financial 2005-2 Owner Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19February 1, 20122010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19February 1, 20122010, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Ally Auto Receivables Trust 2010-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19April 16, 20122008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19April 16, 20122008, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19January 18, 20122008, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19January 18, 20122008, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2008-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 18, 20122004, the sum of one dollar$1. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of July 19November 18, 20122004, of the foregoing contribution contribution, which constituted the initial Owner Trust Estate. The Depositor Seller shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2004-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor soldhereby sells, assignedassigns, transferredtransfers, conveyed conveys and set sets over to the Owner Trustee, as of July 19the date hereof, 2012, the sum of one dollar$1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19, 2012the date hereof, of the foregoing contribution contribution, which constituted shall constitute the initial Owner Trust Estate. The Depositor shall pay the organizational expenses of the Owner Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Target Credit Card Owner Trust 2005-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19November 21, 20122006, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19November 21, 20122006, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of July 19August 10, 20122007, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of July 19August 10, 20122007, of the foregoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2007-2)

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