Successor Owner Trustees and Additional Owner Trustees Sample Clauses
The "Successor Owner Trustees and Additional Owner Trustees" clause defines the process for appointing new or additional trustees to manage a trust or similar entity. It typically outlines the circumstances under which a successor trustee may be designated, such as resignation, incapacity, or death of the current trustee, and may also specify how and when additional trustees can be added to share responsibilities. This clause ensures continuity in trust management and provides a clear mechanism for maintaining effective oversight, thereby preventing disruptions or disputes over trustee authority.
Successor Owner Trustees and Additional Owner Trustees. SECTION 9.1. Eligibility Requirements for Owner Trustee.....................19 SECTION 9.2. Resignation or Removal of Owner Trustee........................20 SECTION 9.3. Successor Owner Trustee........................................20 SECTION 9.4. Merger or Consolidation of Owner Trustee.......................21 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..................21 ARTICLE X.MISCELLANEOUS
Successor Owner Trustees and Additional Owner Trustees. Section 9.01 Eligibility Requirements for Owner Trustee Section 9.02 Replacement of Owner Trustee Section 9.03 Successor Owner Trustee Section 9.04 Merger or Consolidation of Owner Trustee Section 9.05 Appointment of Co-Trustee or Separate Trustee
Successor Owner Trustees and Additional Owner Trustees. Section 9.01.
Successor Owner Trustees and Additional Owner Trustees. Section 10.01. Eligibility Requirements for Owner Trustee 26 Section 10.02. Resignation or Removal of Owner Trustee 26 Section 10.03. Successor Owner Trustee 27 Section 10.04. Merger or Consolidation of Owner Trustee 27 Section 10.05. Appointment of Co-Trustee or Separate Trustee 27 Section 10.06. Power of Attorney for Co-Trustee or Separate Trustee 28
Successor Owner Trustees and Additional Owner Trustees. Section 9.01. Eligibility Requirements for Owner Trustee.................................................26 Section 9.02. Resignation or Removal of Owner Trustee....................................................27 Section 9.03.
Successor Owner Trustees and Additional Owner Trustees. SECTION 9.1. Eligibility Requirements for Owner Trustee . . . .
Successor Owner Trustees and Additional Owner Trustees. 29 Section 9.01.
Successor Owner Trustees and Additional Owner Trustees. SECTION 10.1. Eligibility Requirements for the Owner Trustee and Issuer Delaware Trustee 18 SECTION 10.2. Resignation or Removal of Either Trustee 18 SECTION 10.3. Successor Trustee 19 SECTION 10.4. Merger or Consolidation of a Trustee 19 SECTION 10.5. Appointment of Co-Trustee or Separate Trustee 20 SECTION 11.1. Amendments 21 SECTION 11.2. No Legal Title to Trust Estate in Certificateholder 22 SECTION 11.3. Limitations on Rights of Others 22 SECTION 11.4. Notices 22 SECTION 11.5. Severability 23 SECTION 11.6. Separate Counterparts 23 SECTION 11.7. Successors and Assigns 23 SECTION 11.8. No Petition 23 SECTION 11.9. Headings 24 SECTION 11.10. Governing Law 24 SECTION 11.11. Waiver of Jury Trial 24 SECTION 11.12. Information Requests 25 SECTION 11.13. Form 10-D and Form 10-K Filings 25 SECTION 11.14. Form 8-K Filings 25 SECTION 11.15. Information to Be Provided by the Trustees 25 Exhibit A Form of Certificate This AMENDED AND RESTATED TRUST AGREEMENT is made as of November 21, 2018 (as from time to time amended, supplemented or otherwise modified and in effect, this “Agreement”) among VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC, a Delaware limited liability company, as the depositor (the “Seller”), Citibank, N.A., a national banking association, as the owner trustee (the “Owner Trustee”), and Citicorp Trust Delaware, National Association, a national banking association, as the issuer Delaware trustee (the “Issuer Delaware Trustee” and together with the Owner Trustee, the “Trustees” and each a “Trustee”).
Successor Owner Trustees and Additional Owner Trustees. Section 10.1. Eligibility Requirements for Owner Trustee Section 10.2. Resignation or Removal of Owner Trustee Section 10.3. Successor Owner Trustee
Successor Owner Trustees and Additional Owner Trustees. 19 Section 9.1. Eligibility Requirements for the Owner Trustee. 19 Section 9.2. Resignation or Removal of the Owner Trustee. 20 Section 9.3. Successor Owner Trustee. 21 Section 9.4. Merger or Consolidation of the Owner Trustee 21 Section 9.5. Appointment of Separate Trustee or Co-Trustee. 21 Section 9.6. Compliance with Delaware Statutory Trust Act 23 ARTICLE X MISCELLANEOUS 23