Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 39 contracts

Samples: Trust Agreement (Harley-Davidson Customer Funding Corp.), Trust Agreement (Harley-Davidson Motorcycle Trust 2021-A), Trust Agreement (Harley-Davidson Customer Funding Corp.)

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Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 35 contracts

Samples: Trust Agreement (WFS Receivables Corp), Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Receivables Corp 3)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersOwner, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 29 contracts

Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2006-3), Trust Agreement (Harley-Davidson Motorcycle Trust 2005-4), Trust Agreement (Harley Davidson Customer Funding Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 17 contracts

Samples: Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Onyx Acceptance Financial Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage hold or conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 12 contracts

Samples: Trust Agreement (Onyx Acceptance Owner Trust 2005-A), Trust Agreement (Onyx Acceptance Owner Trust 2005-B), Trust Agreement (Onyx Acceptance Financial Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate Assets, and collect and disburse the periodic income therefrom for the use and benefit of the OwnersEquity Certificateholder, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 11 contracts

Samples: Trust Agreement (Cit Equipment Collateral 2001-1), Trust Agreement (Cit Equipment Collateral 2003-Vt1), Trust Agreement (Ace Securities Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate Assets, and collect and disburse the periodic income therefrom for the use and benefit of the OwnersEquity Certificateholder, and in furtherance of such purpose the Trust shall have the power and authority to engage in the following ministerial activities:

Appears in 7 contracts

Samples: Trust Agreement (CIT Equipment Collateral 2008-Vt1), Trust Agreement (Cit Equipment Collateral 2006-Vt2), Trust Agreement (Cit Funding Co, LLC)

Purposes and Powers. (a) The sole purpose of the Trust is is, and the Trust shall have the power and authority, to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersOwner, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 5 contracts

Samples: Trust Agreement (Orix Credit Alliance Receivables Trust 2000-A), Trust Agreement (Orix Credit Alliance Receivables Trust 1999-A), Trust Agreement (Heller Funding Corp Ii)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate Assets, and collect and disburse the periodic income therefrom for the use and benefit of the OwnersEquity Certificateholder, and in furtherance of such purpose the Trust shall have the power and authority to engage in the following ministerial activities:

Appears in 4 contracts

Samples: Trust Agreement (Cit Funding Co, LLC), Trust Agreement (NCT Funding Co LLC), Trust Agreement (Cit Equipment Collateral 2004-Vt1)

Purposes and Powers. (a) The sole purpose of the Trust is is, and the Trust shall have the power and authority, to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and and, in furtherance of such purpose purpose, to engage in the following ministerial activities:

Appears in 4 contracts

Samples: Trust Agreement (American Capital Strategies LTD), Trust Agreement (American Capital Strategies LTD), Trust Agreement (American Capital Strategies LTD)

Purposes and Powers. (a) The sole purpose of the Trust is is, and the Trust shall have the power and authority, to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersResidual Interest Owner, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Bluegreen Corp), Sale and Servicing Agreement (Bluegreen Corp), Trust Agreement (Bluegreen Corp)

Purposes and Powers. (a) The a)The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 2 contracts

Samples: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial 2005-3 Owner Trust)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate Assets, and collect and disburse the periodic income therefrom for the use and benefit of the OwnersEquity Certificateholder, and in furtherance of such purpose the Trust shall have the power and authority to engage in do the following ministerial activitiesfollowing:

Appears in 2 contracts

Samples: Trust Agreement (Cit Equipment Collateral 2003-Ef1), Trust Agreement (NCT Funding Co LLC)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate Property and collect and disburse the periodic income therefrom for the use and benefit of the OwnersCertificateholders and the Noteholders, and in furtherance of such purpose the Trust shall have the power and authority, to engage in the following ministerial activities:

Appears in 2 contracts

Samples: Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Conseco Finance Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage hold or conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersHolders, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 2 contracts

Samples: Trust Agreement (Onyx Acceptance Corp), Trust Agreement (Onyx Acceptance Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate Property and collect and disburse the periodic income therefrom for the use and benefit of the Owners, Certificateholders and the Noteholders and in furtherance of such purpose the Trust shall have the power and authority to engage in the following ministerial activities:

Appears in 2 contracts

Samples: Trust Agreement (Green Tree Financial Corp), Trust Agreement (Green Tree Financial Corp)

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Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersHolders, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 2 contracts

Samples: Trust Agreement (Dealer Auto Receivables Corp), Trust Agreement (Dealer Auto Receivables Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersHolders, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Onyx Acceptance Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom there from for the use and benefit of the OwnersDepositor, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Owner Trust Agreement (Auto Nations Receivables Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate and collect and disburse the periodic income therefrom for use in accordance with this Agreement and the use and benefit of the Ownersother Basic Documents, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Mitsui Vendor Leasing 1998-1 LLC)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate Property and collect and disburse the periodic income therefrom for the use and benefit of the OwnersOwners and the Noteholders, and in furtherance of such purpose the Trust shall have the power and authority, to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Green Tree Financial Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate Property and collect and disburse the periodic income therefrom for the use and benefit of the OwnersCertificateholders and the Noteholders, and in furtherance of such purpose the Trust shall have the power and authority to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Conseco Finance Securitizations Corp)

Purposes and Powers. (a) The sole purpose of the Trust is ------------------- to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Owner Trust Agreement (Auto Nations Receivables Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom there from for the use and benefit of the Owners, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Owner Trust Agreement (Auto Nations Receivables Corp)

Purposes and Powers. (a) The sole purpose of the Trust is to manage the Trust Estate and collect and disburse the periodic income therefrom for use in accordance with this Agreement and the use and benefit of the Ownersother Basic Documents, and in furtherance of such purpose the Trust has the power and authority and is hereby authorized to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Mitsui Vendor Leasing 1998-1 LLC)

Purposes and Powers. (a) The sole purpose of the Trust is to manage conserve the Trust Estate and collect and disburse the periodic income therefrom for the use and benefit of the OwnersOwner, and in furtherance of such purpose to engage in the following ministerial activities:

Appears in 1 contract

Samples: Trust Agreement (Dillard Asset Funding Co)

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