Common use of Rights of AART Owner Trustee Clause in Contracts

Rights of AART Owner Trustee. The AART Owner Trustee is authorized and directed to execute and deliver the AART Transaction Documents and each certificate or other document attached as an exhibit to or contemplated by the AART Transaction Documents to which the Trust is to be a party, in such form as the Depositor shall approve as evidenced conclusively by the AART Owner Trustee’s execution thereof. In addition to the foregoing, the AART Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the AART Transaction Documents. The AART Owner Trustee is further authorized from time to time to take such action as the Administrator recommends and directs in writing with respect to the AART Transaction Documents.

Rights of AART Owner Trustee. The AART Owner Trustee is authorized and directed to execute and deliver the AART Transaction Basic Documents and each certificate or other document attached as an exhibit to or contemplated by the AART Transaction Basic Documents to which the Trust is to be a party, in such form as the Depositor shall approve as evidenced conclusively by the AART Owner Trustee’s execution thereof. In addition to the foregoing, the AART Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Trust pursuant to the AART Transaction Basic Documents. The AART Owner Trustee is further authorized from time to time to take such action as the Administrator recommends and directs in writing with respect to the AART Transaction Basic Documents.