TRUST AGREEMENT
Exhibit 99.1
THIS TRUST AGREEMENT, dated as of [ , ], between Nissan Auto Receivables Corporation II, a Delaware
corporation (the “Company”), and [ ], a [Delaware banking corporation], not in its individual
capacity but solely as Owner Trustee (the “Owner Trustee”). The Company and the Owner Trustee
hereby agrees as follows:
1. The trust created hereby shall be known as Nissan Auto Receivables [ ]-[ ] Owner Trust (the
“Trust”), in which name the Owner Trustee may conduct the business of the Trust, make and execute
contracts, and xxx and be sued.
2. The Company hereby assigns, transfers, conveys and sets over to the Owner Trustee the sum of
$[1]. The Owner Trustee hereby acknowledges receipt of such amount in trust from the Company, which
amount shall constitute the initial trust estate. The Owner Trustee hereby declares that it will
hold the trust estate in trust for the Company. It is the intention of the parties hereto that the
Trust created hereby constitutes a statutory trust under Chapter 38 of Title 12 of the Delaware
Code, 12 Del. C. § 3801 et seq. and that this document constitutes the governing instrument of the
Trust. The Owner Trustee is hereby authorized and directed to execute and file a certificate of
trust with the Delaware Secretary of State in the form attached hereto as Exhibit A.
3. The Company and the Owner Trustee will enter into an Amended and Restated Trust Agreement,
satisfactory to each such party, to provide for the contemplated operation of the Trust created
hereby. Prior to the execution and delivery of such Amended and Restated Trust Agreement, the Owner
Trustee shall not have any duty or obligation hereunder or with respect to the trust estate, except
as otherwise required by applicable law or as may be necessary to obtain prior to such execution
and delivery any licenses, consents or approvals required by applicable law or otherwise with
respect to the Trust.
4. This Trust Agreement may be executed in one or more counterparts.
5. The Owner Trustee may resign upon thirty days prior notice to the Company.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed by
their respective officers hereunto duly authorized, as of the day and year first above written.
NISSAN AUTO RECEIVABLES CORPORATION II, as Company | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
[ ], | ||||||
as Owner trustee | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||