Restrictions on Power. (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 Trust or 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 5 contracts
Samples: Trust Agreement (First National Funding LLC), Trust Agreement (First National Funding LLC), Trust Agreement (First National Master Note Trust)
Restrictions on Power. (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 Trust or Owner Trustee (as such or in its individual capacity) under any of the Transaction Documents or would be contrary to Section 2.03SECTION 2.3.
Appears in 2 contracts
Samples: Trust Agreement (World Financial Network Credit Card Master Trust), Trust Agreement (World Financial Network Credit Card Master Trust)
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 Trust or the Owner Trustee (as such under this Agreement or in its individual capacity) under any of the Transaction Basic Documents or would be contrary to Section 2.032.3.
Appears in 2 contracts
Samples: Trust Agreement (Money Store Commercial Mortgage Inc), Money Store Home Equity Corp
