Separate Entity. The Trustees and the Initial Beneficiary shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate of the Initial Beneficiary.
Appears in 3 contracts
Sources: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Cef Equipment Holding LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Separate Entity. The Trustees and the Initial Beneficiary shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate of the Initial Beneficiary.. SIGNATURES ON NEXT PAGE
Appears in 2 contracts
Sources: Trust Agreement (Volkswagen Public Auto Loan Securitization LLC), Trust Agreement (Volkswagen Auto Lease Underwritten Funding LLC)
Separate Entity. The Trustees and the Initial Beneficiary --------------- shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate Affiliates of the Initial Beneficiary.
Appears in 1 contract
Sources: Trust Agreement (Navistar Financial Retail Receivables Corporation)
Separate Entity. The Trustees Trustee and the Initial Beneficiary Beneficiaries shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary Beneficiaries and any Affiliate of the Initial BeneficiaryBeneficiaries.
Appears in 1 contract
Sources: Boat Mortgage Trust Agreement (Deutsche Recreational Asset Funding Corp)