Vehicle Trust Agreement definition

Vehicle Trust Agreement means that certain trust agreement, dated as of August 30, 1995, as amended and restated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006, between BMW Manufacturing L.P., as grantor and initial beneficiary and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee, as amended.
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Vehicle Trust Agreement has the meaning set forth in the Recitals.
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Vehicle Trust Agreement means that certain amended and restated trust ----------------------- agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 between BMW Manufacturing LP, as Grantor and UTI Beneficiary, and Chase Manhattan Bank USA, N.A., as trustee.
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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.

Related to Vehicle Trust Agreement

  • Vehicle Trustee has the meaning set forth in the Recitals.

  • Trust Agreement means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the applicable provisions hereof, including all exhibits hereto, including, for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Trust Agreement and any such modification, amendment or supplement, respectively.

  • SUBI Trust Agreement has the meaning set forth in the Recitals.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.