Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. The purpose of the Trust is to engage in the following activities:

Appears in 719 contracts

Samples: Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-A), Trust Agreement (Accredited Mortgage Loan Trust 2005-2), Trust Agreement (Higher Education Funding I)

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Purposes and Powers. The purpose of the Trust is is, and the Trust shall have the power and authority, to engage in the following activities:

Appears in 432 contracts

Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (AmeriCredit Automobile Receivables Trust 2018-3)

Purposes and Powers. (a) The purpose of the Trust is is, and the Trust shall have the power and authority, to engage in the following activities:

Appears in 229 contracts

Samples: Trust Agreement (Household Automotive Trust 2004-1), Trust Agreement (UPFC Auto Receivables Trust 2006-B), Trust Agreement (Credit Acceptance Corp)

Purposes and Powers. (a) The purpose of the Trust is, and the Trust shall have the power and authority and is authorized, to engage in the following activities:

Appears in 161 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2024-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2011-a Owner Trust), Trust Agreement (Toyota Auto Receivables 2014-C Owner Trust)

Purposes and Powers. The purpose of the Trust is to engage in the following activitiesactivities and the Trust shall have the power and authority:

Appears in 160 contracts

Samples: Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2008-A), Trust Agreement (Hyundai Auto Receivables Trust 2012-A)

Purposes and Powers. (a) The purpose of the Trust is to engage in the following activities:

Appears in 157 contracts

Samples: Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He1), Owner Trust Agreement (Etrade Mortgage Backed Securities Corp), Sale and Servicing Agreement (Indymac Abs Inc)

Purposes and Powers. The purpose of the Trust is is, and the Trust shall have the power and authority, to engage solely in the following activities:

Appears in 115 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2024-2), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

Purposes and Powers. The purpose of the Trust is to is, and the Trust shall have the power and authority to, engage in the following activities:

Appears in 84 contracts

Samples: Trust Agreement (Synchrony Financial), Trust Agreement (GE Capital Credit Card Master Note Trust), Trust Agreement (GE Capital Credit Card Master Note Trust)

Purposes and Powers. (a) The purpose of the Trust is to engage in the following activitiesactivities and the Trust shall have the power and authority:

Appears in 76 contracts

Samples: Trust Agreement (Capitalsource Inc), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2005-A)

Purposes and Powers. (a) The purpose of the Trust is is, and the Trust shall have the power and authority, to engage solely in the following activities:

Appears in 28 contracts

Samples: Trust Agreement (Mmca Auto Owner Trust 2001-3), Trust Agreement (Mmca Auto Owner Trust 2001-3), Trust Agreement (Mmca Auto Receivables Inc)

Purposes and Powers. The purpose of the Trust is to engage in the following activitiesactivities and the Trust shall have the power and authority, and is hereby authorized and empowered without further trust action:

Appears in 18 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2023-D), Trust Agreement (World Omni Auto Receivables Trust 2023-C), Trust Agreement (World Omni Auto Receivables Trust 2024-A)

Purposes and Powers. The purpose of the Trust is to to, and the Trust shall have the power and authority to, engage only in the following activities:

Appears in 12 contracts

Samples: Trust Agreement (SLC Student Loan Trust 2009-3), Trust Agreement (SLC Student Loan Trust 2009-1), Trust Agreement (SLC Student Loan Receivables I Inc)

Purposes and Powers. (a) The purpose of the Trust is to ------------------- engage in the following activities:

Appears in 10 contracts

Samples: Owner Trust Agreement (Southpoint Residential Mortgage Securities Corp), Form of Trust Agreement (Asset Backed Securities Corp), Owner Trust Agreement (National Mortgage Securities Corp)

Purposes and Powers. The purpose of the Trust is is, and the Trust will have the power and authority, to engage in the following activities:

Appears in 9 contracts

Samples: Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC)

Purposes and Powers. (a) The purpose of the Trust is to engage in the following activities and only these activities:

Appears in 9 contracts

Samples: Alternative Servicing Agreement (National Collegiate Student Loan Trust 2007-2), Trust Agreement (National Collegiate Student Loan Trust 2005-3), Trust Agreement (National Collegiate Student Loan Trust 2007-1)

Purposes and Powers. The purpose of the Trust is to engage ------------------- in the following activities:

Appears in 8 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Purposes and Powers. The purpose of the Trust is to to, and the Trust shall have the power and authority to, engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (SLC Student Loan Trust 2005-2), Trust Agreement (SLC Student Loan Trust 2004-1), Trust Agreement (SLC Student Loan Receivables I Inc)

Purposes and Powers. The purpose of the Trust is to ------------------- engage in the following activities:

Appears in 6 contracts

Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (SSB Vehicle Securities Inc), Trust Agreement (Ml Asset Backed Corp)

Purposes and Powers. The purpose exclusive purposes and functions of the Trust is to engage in the following activitiesare as follows:

Appears in 6 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn)

Purposes and Powers. (a) The purpose of the Trust is ------------------- to engage in the following activities:

Appears in 6 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (Firstplus Investment Corp), Trust Agreement (Provident Bank)

Purposes and Powers. The purpose of the Trust is to engage in ------------------- the following activities:

Appears in 5 contracts

Samples: Trust Agreement (Wachovia Asset Securitization Inc), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Purposes and Powers. (a) The purpose of the Trust is to engage solely in the following activities, subject to any limitations contained in the Basic Documents:

Appears in 4 contracts

Samples: Trust Agreement (Medallion Financial Corp), Trust Agreement (Medallion Financial Corp), Trust Agreement (Medallion Financial Corp)

Purposes and Powers. (a) The purpose of the Trust is is, and the Trust will have the power and authority, to engage in the following activities:

Appears in 4 contracts

Samples: Trust Agreement (Triad Automobile Receivables Trust 2003-B), Trust Agreement (Triad Automobile Receivables Trust 2004-A), Trust Agreement (Bond Securitization LLC)

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Purposes and Powers. (a) The purpose of the Trust is to engage in the following activities and only those activities:

Appears in 4 contracts

Samples: Trust Agreement (National Collegiate Student Loan Trust 2005-2), Trust Agreement (National Collegiate Student Loan Trust 2004-1), Trust Agreement (National Collegiate Funding LLC)

Purposes and Powers. (a) . (a) The purpose of the Trust is is, and the Trust shall have the power and authority, to engage in the following activities:

Appears in 4 contracts

Samples: Trust Agreement (Household Automotive Trust Iv Series 2000-1), Trust Agreement (Household Automotive Trust Vi Series 2000 3), Trust Agreement (Household Automotive Trust v Series 2000 2)

Purposes and Powers. The purpose of the Trust is and the Trust shall have the power and authority to engage in the following activities:

Appears in 3 contracts

Samples: Trust Agreement (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Trust Agreement (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Trust Agreement (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3)

Purposes and Powers. The purpose of Trust is, and Trust shall have the Trust is to power and authority to, engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Provident Lease Receivables Corp), Trust Agreement (Provident Lease Receivables Corp)

Purposes and Powers. The purpose of the Trust is has been and is, and the Trust shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Arcadia Financial LTD), Trust Agreement (Arcadia Financial LTD)

Purposes and Powers. The purpose of the Trust is is, and the ------------------- Trust shall have the power and authority, to engage solely in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC)

Purposes and Powers. i) The purpose of the Trust is to engage in the following activitiesactivities and the Trust shall have the power and authority:

Appears in 2 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2021-A), Trust Agreement (World Omni Auto Receivables Trust 2021-A)

Purposes and Powers. The purpose of the Trust is is, and ------------------- the Trust shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Volkswagen Dealer Finance LLC)

Purposes and Powers. The purpose of the Trust is --------------------- to engage in the following activities:

Appears in 1 contract

Samples: Owner Trust Agreement (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

Purposes and Powers. The purpose of the Trust is to ------------------- engage solely in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Harrys Farmers Market Inc)

Purposes and Powers. The purpose of the Trust is to engage in the following activities, and the Trust shall have the power and authority, and is hereby authorized and empowered without further trust action:

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables LLC)

Purposes and Powers. (a) The purpose of the Trust is to -------------------- engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Indymac Abs Inc)

Purposes and Powers. The purpose of the Trust is to -------------------- engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

Purposes and Powers. The purpose of the Trust is to engage ------------------- in the following activities, and the Trust shall have the power and authority:

Appears in 1 contract

Samples: Trust Agreement (Thornburg Mortgage Asset Corp)

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