Examples of Vehicle Trust Agreement in a sentence
There may be several series of the Vehicle Trust created pursuant to the Vehicle Trust Agreement.
For purposes of this Section, any reference in Section 7.7 of the Vehicle Trust Agreement to the Vehicle Trust Agreement shall be deemed to constitute references to the SUBI Trust Agreement.
The Holder and Registered Pledgee of the 2023-2 SUBI Certificate (including the Issuer and the Indenture Trustee), and their respective successors, permitted assigns and pledgees are third-party beneficiaries of the Vehicle Trust Agreement and this Supplement, insofar as they apply to the 2023-2 SUBI.
The 2023-2 SUBI Certificate shall be substantially in the form of Exhibit B attached hereto, with such appropriate insertions, omissions, substitutions and other variations as are required by this Supplement and may have such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistent herewith and with the Vehicle Trust Agreement, be directed by the UTI Beneficiary.
In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 2023-2 SUBI, the provisions of this Supplement shall prevail.
This certificate is a duly authorized 2023-2 SUBI Certificate, and is issued under and is subject to the terms, provisions and conditions of the Vehicle Trust Agreement and the 2023-2 vehicle trust supplement thereto, dated as of October 11, 2023 (the “2023-2 SUBI Supplement” and, together with the Vehicle Trust Agreement, the “SUBI Trust Agreement”).
Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Vehicle Trust Agreement, the Servicing Agreement or the Indenture, as the case may be.
The notice provisions of Section 10.3 of the Vehicle Trust Agreement shall apply equally to this Supplement.
Under the Vehicle Trust Agreement, from time to time the UTI Beneficiary may direct the Vehicle Trustee to issue to or upon the order of the UTI Beneficiary one or more certificates (each, a “SUBI Certificate”) representing a beneficial interest in certain specified Vehicles, Leases and related Trust Assets (such assets, the “SUBI Assets”).
Notwithstanding Section 9.1(b) of the Vehicle Trust Agreement, the UTI Beneficiary shall not direct that the Vehicle Trust dissolve prior to payment in full of all amounts owed under the Vehicle Trust Agreement, the Trust Agreement and the Indenture and under any Securitized Financing in connection with an Other SUBI.