Common use of Owner Trustee Clause in Contracts

Owner Trustee. This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 68 contracts

Samples: Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Auto Receivables Two LLC), Control Agreement (Ford Credit Floorplan LLC)

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Owner Trustee. This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust Wilmington Trust, National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust Wilmington Trust, National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 47 contracts

Samples: Account Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust)

Owner Trustee. This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 12 contracts

Samples: Account Control Agreement (Ford Credit Auto Receivables Two LLC), Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Auto Receivables Two LLC)

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Owner Trustee. This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s 's obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 11 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2023-A), Account Control Agreement (Ford Credit Auto Owner Trust 2022-C), Account Control Agreement (Ford Credit Auto Owner Trust 2022-D)

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