Common use of SUBI Supplement Clause in Contracts

SUBI Supplement. Copies of the Titling Trust Agreement and the 1998-C SUBI Supplement may be examined during normal business hours at the principal office of the Titling Trustee, and at such other places, if any, designated by the Titling Trustee, by each 1998-C SUBI Beneficiary upon request. By accepting this 1998-C SUBI Certificate or any interest herein, the related SUBI Beneficiary waives any claim to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust (except for those evidenced by the 1998-C SUBI Insurance Certificate and those proceeds or assets derived from or earned by the 1998-C SUBI Assets (except for those assets evidenced by the 1998-C SUBI Insurance Certificate and the proceeds therefrom). In addition, by accepting this 1998-C SUBI Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to another SUBI.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Lease Trust)

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SUBI Supplement. Copies of the Titling Trust Agreement and the 1998-C SUBI Supplement may be examined during normal business hours at the principal office of the Titling Trustee, and at such other places, if any, designated by the Titling Trustee, by each 1998-C SUBI Beneficiary upon request. By accepting this 1998-C SUBI Insurance Certificate or any interest herein, the related SUBI Beneficiary waives and releases any claim to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust (except for those evidenced by the 1998-C SUBI Insurance Certificate Certificate) and those proceeds or assets derived from or earned by the 1998-C SUBI Assets (except for those assets evidenced by the 1998-C SUBI that are proceeds of Residual Value Insurance Certificate and the proceeds therefrom)Policies. In addition, by accepting this 1998-C SUBI Insurance Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to another SUBITitling Trust Assets other than those included within the 1998-C SUBI Sub-Trust.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Auto Lease Trust 1998 C)

SUBI Supplement. Copies of the Titling Trust Agreement and the 1998-C SUBI Supplement may be examined during normal business hours at the principal office of the Titling Trustee, and at such other places, if any, designated by the Titling Trustee, by each 1998-C SUBI Beneficiary upon request. By accepting this 1998-C SUBI Certificate or any interest herein, the related SUBI Beneficiary waives and releases any claim to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust (except for those evidenced by the 1998-C SUBI Insurance Certificate Certificate) and those proceeds or assets derived from or earned by the 1998-C SUBI Assets (except for those assets evidenced by the 1998-C SUBI Insurance Certificate and the proceeds therefrom). In addition, by accepting this 1998-C SUBI Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to another SUBITitling Trust Assets other than those included within the 1998-C SUBI Sub-Trust.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Auto Lease Trust 1998 C)

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SUBI Supplement. Copies of the Titling Trust Agreement and the 1998-C SUBI Supplement may be examined during normal business hours at the principal office of the Titling Trustee, and at such other places, if any, designated by the Titling Trustee, by each 1998-C SUBI Beneficiary upon request. By accepting this 1998-C SUBI Insurance Certificate or any interest herein, the related SUBI Beneficiary waives any claim to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust (except for those evidenced by the 1998-C SUBI Insurance Certificate Certificate) and those proceeds or assets derived from or earned by the 1998-C SUBI Assets that are proceeds of Residual Value Insurance Policies (except for those assets evidenced by the 1998-C SUBI Insurance Certificate and the proceeds therefromthereof). In addition, by accepting this 1998-C SUBI Insurance Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the 1998-C SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to another SUBI.. The 1998-C SUBI Supplement and the Titling Trust Agreement may be amended from time to time, to the extent such amendment applies to or affects only the 1998-C SUBI and the 1998-C SUBI Portfolio, by a writing signed by the Titling Trustee, the UTI Beneficiary, each

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Lease Trust)

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