Common use of Instruction to Owner Trustee Clause in Contracts

Instruction to Owner Trustee. By entering into this Amendment, AGM represents to Wilmington Trust Company, not in its individual capacity, but solely as the Owner Trustee of the Trust, (i) pursuant to the Trust Agreement, that it is the Instructing Party as such term is defined in the Trust Agreement, (ii) no Insurer Default has occurred and is continuing and (iii) the Insurer Termination Date has not occurred, and hereby instructs such Owner Trustee to execute and deliver this Amendment on behalf of the Trust. The above instruction is in accordance with Section 5.3(a) of the Trust Agreement.

Appears in 2 contracts

Samples: Spread Account Agreement (Americredit Corp), Spread Account Agreement (Americredit Corp)

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Instruction to Owner Trustee. By entering into this Amendment, AGM represents to Wilmington Trust Company, not in its individual capacity, but solely as the Owner Trustee of the Trust, (i) pursuant to the Trust Agreement, that it is the Instructing Party and Note Insurer as such term is terms are defined in the Trust Agreement, Agreement and (ii) no Note Insurer Default has occurred and is continuing and (iii) the Insurer Termination Date has not occurredcontinuing, and hereby instructs such Owner Trustee to execute and deliver this Amendment on behalf of the Trust. The above instruction is in accordance with Section 5.3(a) of the Trust Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Americredit Corp), Insurance and Indemnity Agreement (Americredit Corp)

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