Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 10 contracts
Samples: Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust), Trust Agreement (Chase Issuance Trust)
Restrictions on Power. The Owner Trustee shall will not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 7 contracts
Samples: Trust Agreement, Trust Agreement (American Express Receivables Financing Corp VIII LLC), Trust Agreement (American Express Receivables Financing Corp VIII LLC)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 6 contracts
Samples: Trust Agreement (Nordstrom Inc), Trust Agreement (Advanta Business Recievables Corp), Note Purchase Agreement (Bon Ton Stores Inc)
Restrictions on Power. The Owner Trustee shall will not be required to take or refrain from taking any action if such action or inaction would be is contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 5 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Nissan Wholesale Receivables Corp Ii), Trust Agreement (Nissan Wholesale Receivables Corp Ii)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 3 contracts
Samples: Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Household Consumer Loan Corp Ii), Trust Agreement (Hrsi Funding Inc Ii)
Restrictions on Power. The Owner Trustee Holders shall not be required direct the Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under this Agreement or any of the Transaction Related Documents or would be contrary to Section 2.032.3, nor shall the Trustee be obligated to follow any such direction, if given.
Appears in 3 contracts
Samples: Trust Agreement (Synchrony Card Issuance Trust), Trust Agreement (Synchrony Financial), Trust Agreement (GE Capital Credit Card Master Note Trust)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 3 contracts
Samples: Trust Agreement (First Consumers Master Trust), Trust Agreement (Spiegel Master Trust), Trust Agreement (First Consumers Master Trust)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 3 contracts
Samples: Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Household Affinity Funding Corp Iii
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 2 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I)
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 2 contracts
Samples: Trust Agreement (Compucredit Corp), Trust Agreement (Associates Credit Card Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.
Appears in 2 contracts
Samples: Trust Agreement (Dryrock Issuance Trust), Trust Agreement (Dryrock Issuance Trust)
Restrictions on Power. The Owner Trustee shall not be required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the Transaction other Basic Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 2 contracts
Samples: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.032.03 and the Transferors shall not instruct the Owner Trustee to take any action that would be contrary to this Trust Agreement or any of the Transaction Documents and shall not instruct the Owner Trustee to refrain from taking any action which action, if not taken, would cause the Owner Trustee to violate the terms of this Trust Agreement or any of the Transaction Documents.
Appears in 2 contracts
Samples: Trust Agreement (Conseco Finance Credit Card Funding Corp), Trust Agreement (Conseco Finance Credit Funding Corp)
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 1 contract
Samples: Trust Agreement (Household Credit Card Master Note Trust I)
Restrictions on Power. The (a) Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.032.3.
Appears in 1 contract
Restrictions on Power. The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents or would be contrary to Section 2.03.. [End of Article IV]
Appears in 1 contract
Samples: Household Affinity Funding Corp Iii
Restrictions on Power. The Owner Trustee shall not be --------------------- required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the Transaction other Basic Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 1 contract
Samples: Owner Trust Agreement (Auto Nations Receivables Corp)
Restrictions on Power. The Owner Trustee shall not be required --------------------- to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 1 contract
Restrictions on Power. (a) The Owner Trustee shall will not be required to take or refrain from taking any action if such action or inaction would be is contrary to any obligation of the Owner Trust or the Owner Trustee under any of the Transaction Documents this Agreement or would be contrary to Section 2.03.
Appears in 1 contract
Samples: Master Trust Agreement (GMF Floorplan Owner Revolving Trust)
Restrictions on Power. The Owner Trustee shall not be ---------------------- required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03.2.3. -----------
Appears in 1 contract
Restrictions on Power. (a) The Owner Trustee shall not be required to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust or the Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.032.3.
Appears in 1 contract
Samples: Trust Agreement (Sunterra Corp)
Restrictions on Power. The Owner Trustee shall not be required to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Owner Trust Trust, or of the Owner Trustee under this Agreement or any of the other Transaction Documents or would be contrary to the purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
