Common use of General Authority Clause in Contracts

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes in the aggregate principal amount of $464,170,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-4), Trust Agreement (Santander Drive Auto Receivables Trust 2020-4)

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General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000238,700,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000220,000,000, Class A-2-B Notes in the aggregate principal amount of $233,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000162,000,000, Class B Notes in the aggregate principal amount of $169,800,000166,800,000, Class C Notes in the aggregate principal amount of $256,900,000206,400,000, Class D Notes in the aggregate principal amount of $215,530,000 123,100,000 and Class E Notes in the aggregate principal amount of $123,180,00079,414,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or a Majority of the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2014-4), Trust Agreement (Santander Drive Auto Receivables Trust 2014-4)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,00099,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000240,000,000, Class A-2b Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000261,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00075,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000172,500,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000156,100,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000133,570,000, Class B Notes in the aggregate principal amount of $169,800,000121,350,000, Class C Notes in the aggregate principal amount of $256,900,000149,740,000, Class D Notes in the aggregate principal amount of $215,530,000 133,590,000 and Class E Notes in the aggregate principal amount of $123,180,000101,870,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2019-1), Trust Agreement (Santander Drive Auto Receivables Trust 2019-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000223,100,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,00070,000,000, Class A-2-B Notes in the aggregate principal amount of $313,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000116,132,000, Class B Notes in the aggregate principal amount of $169,800,000161,630,000, Class C Notes in the aggregate principal amount of $256,900,000178,840,000, Class D Notes in the aggregate principal amount of $215,530,000 106,620,000 and Class E Notes in the aggregate principal amount of $123,180,00068,790,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000175,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000341,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000304,870,000, Class B Notes in the aggregate principal amount of $169,800,000135,650,000, Class C Notes in the aggregate principal amount of $256,900,000166,960,000, Class D Notes in the aggregate principal amount of $215,530,000 76,520,000 and Class E Notes in the aggregate principal amount of $123,180,00069,570,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-2), Trust Agreement (Santander Drive Auto Receivables Trust 2013-2)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000158,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000372,000,000, Class A-2b Notes in the aggregate principal amount of $248,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000370,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000102,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2017-B), Trust Agreement (Nissan Auto Lease Trust 2017-B)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000146,600,000, Class A-2 Notes in the aggregate principal amount of $464,170,000130,200,000, Class A-3 Notes in the aggregate principal amount of $210,000,000130,200,000, Class A-4 Notes in the aggregate principal amount of $65,520,000 and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,0008,510,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Acceptance LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Trust Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,365,000,000 (comprising $281,000,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 359,500,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 100,000,000 in the aggregate principal amount of Class A-2b Notes, $169,800,000, Class C Notes 429,120,000 in the aggregate principal amount of Class A-3 Notes, $256,900,000, Class D Notes 101,640,000 in the aggregate principal amount of Class A-4 Notes, $215,530,000 and Class E Notes 38,320,000 in the aggregate principal amount of Class B Notes, $123,180,00032,160,000 in aggregate principal amount of Class C Notes and $23,260,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000247,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000374,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000160,290,000, Class B Notes in the aggregate principal amount of $169,800,000183,010,000, Class C Notes in the aggregate principal amount of $256,900,000197,200,000, Class D Notes in the aggregate principal amount of $215,530,000 108,310,000 and Class E Notes in the aggregate principal amount of $123,180,00074,700,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000192,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000344,200,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000202,000,000, Class B Notes in the aggregate principal amount of $169,800,000159,300,000, Class C Notes in the aggregate principal amount of $256,900,000230,500,000, Class D Notes in the aggregate principal amount of $215,530,000 201,200,000 and Class E Notes in the aggregate principal amount of $123,180,000117,300,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-2), Trust Agreement (Santander Drive Auto Receivables Trust 2020-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000355,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000380,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000450,000,000, Class A-4 Notes in the aggregate principal amount of $258,000,000, Class B Notes in the aggregate principal amount of $169,800,00020,250,000, Class C Notes in the aggregate principal amount of $256,900,000, 21,000,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00015,750,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders recommend or direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Huntington Auto Trust 2016-1), Trust Agreement (Huntington Auto Trust 2016-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000223,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000252,000,000, Class A-2-B Notes in the aggregate principal amount of $252,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000226,580,000, Class B Notes in the aggregate principal amount of $169,800,000201,920,000, Class C Notes in the aggregate principal amount of $256,900,000204,470,000, Class D Notes in the aggregate principal amount of $215,530,000 100,960,000 and Class E Notes in the aggregate principal amount of $123,180,00087,380,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or a Majority of the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000214,100,000, Class A-2 Notes in the aggregate principal amount of $464,170,000293,800,000, Class A-3 Notes in the aggregate principal amount of $210,000,00092,100,000, Class B Notes in the aggregate principal amount of $169,800,00093,450,000, Class C Notes in the aggregate principal amount of $256,900,000118,030,000, Class D Notes in the aggregate principal amount of $215,530,000 88,520,000 and Class E Notes in the aggregate principal amount of $123,180,00029,510,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-3), Trust Agreement (Santander Drive Auto Receivables Trust 2011-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000162,800,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000120,000,000, Class A-2-B Notes in the aggregate principal amount of $222,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000109,120,000, Class B Notes in the aggregate principal amount of $169,800,000142,450,000, Class C Notes in the aggregate principal amount of $256,900,000153,040,000, Class D Notes in the aggregate principal amount of $215,530,000 91,240,000 and Class E Notes in the aggregate principal amount of $123,180,00058,860,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,00059,261,000, Class A-2 Notes in the aggregate principal amount of $464,170,000122,619,000, Class A-3 Notes in the aggregate principal amount of $210,000,000122,619,000, Class B Notes in the aggregate principal amount of $169,800,00065,100,000, Class C Notes in the aggregate principal amount of $256,900,00089,600,000, Class D Notes in the aggregate principal amount of $215,530,000 93,800,000 and Class E Notes in the aggregate principal amount of $123,180,00038,500,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000256,250,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000225,750,000, Class A-2-B Notes in the aggregate principal amount of $168,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000140,400,000, Class B Notes in the aggregate principal amount of $169,800,000154,400,000, Class C Notes in the aggregate principal amount of $256,900,000191,175,000, Class D Notes in the aggregate principal amount of $215,530,000 114,025,000 and Class E Notes in the aggregate principal amount of $123,180,00073,525,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or a Majority of the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000169,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000110,000,000, Class A-2-B Notes in the aggregate principal amount of $205,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000129,529,000, Class B Notes in the aggregate principal amount of $169,800,000142,353,000, Class C Notes in the aggregate principal amount of $256,900,000152,941,000, Class D Notes in the aggregate principal amount of $215,530,000 91,177,000 and Class E Notes in the aggregate principal amount of $123,180,00058,824,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000281,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000398,660,000, Class A-3 Notes in the aggregate principal amount of $210,000,000237,850,000, Class B Notes in the aggregate principal amount of $169,800,000150,290,000, Class C Notes in the aggregate principal amount of $256,900,000189,830,000, Class D Notes in the aggregate principal amount of $215,530,000 142,370,000 and Class E Notes in the aggregate principal amount of $123,180,00047,460,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-4), Trust Agreement (Santander Drive Auto Receivables Trust 2012-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Trust Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,430,000,000 (comprising $283,000,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 354,000,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 120,000,000 in the aggregate principal amount of Class A-2b Notes, $169,800,000, Class C Notes 460,000,000 in the aggregate principal amount of Class A-3 Notes, $256,900,000, Class D Notes 107,900,000 in the aggregate principal amount of Class A-4 Notes, $215,530,000 and Class E Notes 41,700,000 in the aggregate principal amount of Class B Notes, $123,180,00033,900,000 in aggregate principal amount of Class C Notes and $29,500,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000165,300,000, Class A-2 Notes in the aggregate principal amount of $464,170,000260,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000143,790,000, Class B Notes in the aggregate principal amount of $169,800,000128,280,000, Class C Notes in the aggregate principal amount of $256,900,000160,930,000, Class D Notes in the aggregate principal amount of $215,530,000 144,610,000 and Class E Notes in the aggregate principal amount of $123,180,00099,120,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2019-2), Trust Agreement (Santander Drive Auto Receivables Trust 2019-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000157,900,000, Class A-2 Notes in the aggregate principal amount of $464,170,000340,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000174,200,000, Class B Notes in the aggregate principal amount of $169,800,000124,580,000, Class C Notes in the aggregate principal amount of $256,900,000139,060,000, Class D Notes in the aggregate principal amount of $215,530,000 89,800,000, and Class E Notes in the aggregate principal amount of $123,180,00034,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-5), Trust Agreement (Santander Drive Auto Receivables Trust 2012-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000215,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000362,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 471,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00096,570,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller or the Administrator.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000233,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000358,980,000, Class A-3 Notes in the aggregate principal amount of $210,000,000227,230,000, Class B Notes in the aggregate principal amount of $169,800,000134,180,000, Class C Notes in the aggregate principal amount of $256,900,000169,500,000, Class D Notes in the aggregate principal amount of $215,530,000 127,110,000 and Class E Notes in the aggregate principal amount of $123,180,00042,380,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-3), Trust Agreement (Santander Drive Auto Receivables Trust 2012-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Issuer the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000245,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000310,000,000, Class A-2-B Notes in the aggregate principal amount of $225,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 420,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00050,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller, the Administrator or Certificateholder, as applicable.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000156,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000233,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000144,600,000, Class B Notes in the aggregate principal amount of $169,800,000118,390,000, Class C Notes in the aggregate principal amount of $256,900,000144,580,000, Class D Notes in the aggregate principal amount of $215,530,000 109,120,000 and Class E Notes in the aggregate principal amount of $123,180,00054,560,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000150,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000206,000,000, Class A-2-B Notes in the aggregate principal amount of $206,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000157,300,000, Class B Notes in the aggregate principal amount of $169,800,000148,830,000, Class C Notes in the aggregate principal amount of $256,900,000, 201,540,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000137,200,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-3), Trust Agreement (Drive Auto Receivables Trust 2019-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000252,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000179,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000399,000,000, Class A-4 Notes in the aggregate principal amount of $152,502,000 and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00017,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (USAA Auto Owner Trust 2010-1), Trust Agreement (USAA Auto Owner Trust 2010-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000222,400,000, Class A-2 Notes in the aggregate principal amount of $464,170,000543,100,000, Class A-3 Notes in the aggregate principal amount of $210,000,000292,370,000, Class B Notes in the aggregate principal amount of $169,800,000288,610,000, Class C Notes in the aggregate principal amount of $256,900,000243,480,000, Class D Notes in the aggregate principal amount of $215,530,000 241,380,000 and Class E Notes in the aggregate principal amount of $123,180,000131,180,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-4), Trust Agreement (Santander Drive Auto Receivables Trust 2021-4)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000124,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000137,000,000, Class A-2b Notes in the aggregate principal amount of $260,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000296,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000129,050,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2014-B), Trust Agreement (Nissan Auto Lease Trust 2014-B)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000233,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000509,690,000, Class A-3 Notes in the aggregate principal amount of $210,000,000404,910,000, Class B Notes in the aggregate principal amount of $169,800,000190,240,000, Class C Notes in the aggregate principal amount of $256,900,000, 221,100,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000234,460,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2022-6), Trust Agreement (Santander Drive Auto Receivables Trust 2022-6)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000128,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000100,000,000, Class A-2b Notes in the aggregate principal amount of $250,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 339,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00058,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2011-A), Trust Agreement (Nissan Auto Lease Trust 2011-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000429,500,000, Class A-2 Notes in the aggregate principal amount of $464,170,000390,850,000, Class A-3 Notes in the aggregate principal amount of $210,000,000162,700,000, Class B Notes in the aggregate principal amount of $169,800,000182,210,000, Class C Notes in the aggregate principal amount of $256,900,000203,390,000, Class D Notes in the aggregate principal amount of $215,530,000 131,350,000, and Class E Notes in the aggregate principal amount of $123,180,00050,850,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-6), Trust Agreement (Santander Drive Auto Receivables Trust 2012-6)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000138,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000324,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000139,410,000, Class B Notes in the aggregate principal amount of $169,800,000123,400,000, Class C Notes in the aggregate principal amount of $256,900,000, 176,010,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000155,870,000. In addition to the foregoing, the Owner Trustee is authorized, 26 Amended and Restated Trust Agreement (DRIVE 2020-1) but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2020-1), Trust Agreement (Drive Auto Receivables Trust 2020-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000180,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000182,770,000, Class B Notes in the aggregate principal amount of $169,800,000168,250,000, Class C Notes in the aggregate principal amount of $256,900,000, 232,150,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000220,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2018-4), Trust Agreement (Drive Auto Receivables Trust 2018-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000145,800,000, Class A-2 Notes in the aggregate principal amount of $464,170,000295,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,00059,200,000, Class B Notes in the aggregate principal amount of $169,800,00077,870,000, Class C Notes in the aggregate principal amount of $256,900,00098,360,000, Class D Notes in the aggregate principal amount of $215,530,000 73,770,000 and Class E Notes in the aggregate principal amount of $123,180,00024,590,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-4), Trust Agreement (Santander Drive Auto Receivables Trust 2011-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Trust Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,140,000,000 (comprising $213,000,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 201,000,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 201,000,000 in the aggregate principal amount of Class A-2b Notes, $169,800,000, Class C Notes 345,000,000 in the aggregate principal amount of Class A-3 Notes, $256,900,000, Class D Notes 104,200,000 in the aggregate principal amount of Class A-4 Notes, $215,530,000 and Class E Notes 20,000,000 in the aggregate principal amount of Class B Notes, $123,180,00023,900,000 in aggregate principal amount of Class C Notes and $31,900,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2016-1), Trust Agreement (CarMax Auto Owner Trust 2016-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000256,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000606,680,000, Class A-3 Notes in the aggregate principal amount of $210,000,000280,920,000, Class B Notes in the aggregate principal amount of $169,800,000208,140,000, Class C Notes in the aggregate principal amount of $256,900,000329,550,000, Class D Notes in the aggregate principal amount of $215,530,000 319,150,000 and Class E Notes in the aggregate principal amount of $123,180,000138,760,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-2), Trust Agreement (Santander Drive Auto Receivables Trust 2021-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000238,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 337,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000100,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each the Certificateholder for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000127,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000140,000,000, Class A-2b Notes in the aggregate principal amount of $225,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000193,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000115,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic (NALT 2013-B Amended and Restated Trust Agreement) Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000134,410,000, Class A-2 Notes in the aggregate principal amount of $464,170,000581,410,000, Class A-3 Notes in the aggregate principal amount of $210,000,000323,320,000, Class B Notes in the aggregate principal amount of $169,800,000197,220,000, Class C Notes in the aggregate principal amount of $256,900,000, 142,390,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000230,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Santander Drive Auto Receivables Trust 2024-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000188,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000235,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000124,900,000, Class B Notes in the aggregate principal amount of $169,800,000123,460,000, Class C Notes in the aggregate principal amount of $256,900,000, 155,890,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000151,340,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2018-4), Trust Agreement (Santander Drive Auto Receivables Trust 2018-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000122,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000200,000,000, Class A-2-B Notes in the aggregate principal amount of $80,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000186,770,000, Class B Notes in the aggregate principal amount of $169,800,000125,040,000, Class C Notes in the aggregate principal amount of $256,900,000, 178,460,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000119,840,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2018-5), Trust Agreement (Drive Auto Receivables Trust 2018-5)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000140,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000208,000,000, Class A-2-B Notes in the aggregate principal amount of $90,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000159,480,000, Class B Notes in the aggregate principal amount of $169,800,000113,070,000, Class C Notes in the aggregate principal amount of $256,900,000, 164,470,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000158,040,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-1), Trust Agreement (Drive Auto Receivables Trust 2019-1)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000152,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000300,000,000, Class A-2b Notes in the aggregate principal amount of $250,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000400,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00097,300,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2017-A), Trust Agreement (Nissan Auto Lease Trust 2017-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000170,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000512,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000218,670,000, Class B Notes in the aggregate principal amount of $169,800,000199,290,000, Class C Notes in the aggregate principal amount of $256,900,000, 279,590,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000219,600,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2021-1), Trust Agreement (Drive Auto Receivables Trust 2021-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000294,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000474,000,000, Class A-2-B Notes in the aggregate principal amount of $150,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 492,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00090,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Seller or the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent or direction of each Certificateholder the Certificateholders for such action, and the Owner Trustee shall not be liable to any Person for any action or inaction taken pursuant to such direction provided by the Seller or the Administrator.

Appears in 2 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000172,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000383,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000222,400,000, Class B Notes in the aggregate principal amount of $169,800,000128,470,000, Class C Notes in the aggregate principal amount of $256,900,000158,120,000, Class D Notes in the aggregate principal amount of $215,530,000 72,470,000 and Class E Notes in the aggregate principal amount of $123,180,00065,890,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.. 11 Amended and Restated

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-3), Trust Agreement (Santander Drive Auto Receivables Trust 2013-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000329,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000746,940,000, Class A-3 Notes in the aggregate principal amount of $210,000,000355,690,000, Class B Notes in the aggregate principal amount of $169,800,000341,880,000, Class C Notes in the aggregate principal amount of $256,900,000356,130,000, Class D Notes in the aggregate principal amount of $215,530,000 370,360,000 and Class E Notes in the aggregate principal amount of $123,180,000163,820,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-3), Trust Agreement (Santander Drive Auto Receivables Trust 2021-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000122,320,000, Class A-2 Notes in the aggregate principal amount of $464,170,000567,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000253,120,000, Class B Notes in the aggregate principal amount of $169,800,000174,650,000, Class C Notes in the aggregate principal amount of $256,900,000, 129,570,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000210,060,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-1), Trust Agreement (Santander Drive Auto Receivables Trust 2024-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000128,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000265,700,000, Class A-3 Notes in the aggregate principal amount of $210,000,000182,490,000, Class B Notes in the aggregate principal amount of $169,800,00095,220,000, Class C Notes in the aggregate principal amount of $256,900,000117,190,000, Class D Notes in the aggregate principal amount of $215,530,000 53,710,000 and Class E Notes in the aggregate principal amount of $123,180,00048,830,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000109,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000275,000,000, Class A-2-B Notes in the aggregate principal amount of $65,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000129,520,000, Class B Notes in the aggregate principal amount of $169,800,000135,420,000, Class C Notes in the aggregate principal amount of $256,900,000, 128,430,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000100,450,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2020-2), Trust Agreement (Drive Auto Receivables Trust 2020-2)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000195,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000195,000,000, Class A-2b Notes in the aggregate principal amount of $400,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000360,000,000, and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000109,825,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2013-A), Trust Agreement (Nissan Auto Lease Trust 2013-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000245,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000343,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000147,280,000, Class B Notes in the aggregate principal amount of $169,800,000163,150,000, Class C Notes in the aggregate principal amount of $256,900,000199,240,000, Class D Notes in the aggregate principal amount of $215,530,000 150,370,000 and Class E Notes in the aggregate principal amount of $123,180,00075,190,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables Trust 2017-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000127,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000264,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000151,620,000, Class B Notes in the aggregate principal amount of $169,800,000134,750,000, Class C Notes in the aggregate principal amount of $256,900,000, 169,690,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000102,940,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-1), Trust Agreement (Santander Drive Auto Receivables Trust 2020-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000218,350,000, Class A-2 Notes in the aggregate principal amount of $464,170,000231,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,00087,540,000, Class B Notes in the aggregate principal amount of $169,800,00090,160,000, Class C Notes in the aggregate principal amount of $256,900,00049,180,000, Class D Notes in the aggregate principal amount of $215,530,000 73,770,000 and Class E Notes in the aggregate principal amount of $123,180,00024,590,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2011-2), Trust Agreement (Santander Drive Auto Receivables Trust 2011-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000224,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000600,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000279,090,000, Class B Notes in the aggregate principal amount of $169,800,000199,360,000, Class C Notes in the aggregate principal amount of $256,900,000320,080,000, Class D Notes in the aggregate principal amount of $215,530,000 274,660,000 and Class E Notes in the aggregate principal amount of $123,180,000162,810,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2021-1), Trust Agreement (Santander Drive Auto Receivables Trust 2021-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000180,800,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000276,000,000, Class A-2-B Notes in the aggregate principal amount of $75,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000150,250,000, Class B Notes in the aggregate principal amount of $169,800,000140,400,000, Class C Notes in the aggregate principal amount of $256,900,000, 198,780,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000175,870,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-4), Trust Agreement (Drive Auto Receivables Trust 2019-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000191,200,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000267,000,000, Class A-2-B Notes in the aggregate principal amount of $83,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000161,920,000, Class B Notes in the aggregate principal amount of $169,800,000163,150,000, Class C Notes in the aggregate principal amount of $256,900,000175,290,000, Class D Notes in the aggregate principal amount of $215,530,000 104,500,000 and Class E Notes in the aggregate principal amount of $123,180,00067,420,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000247,100,000, Class A-2 Notes in the aggregate principal amount of $464,170,000450,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000131,460,000, Class B Notes in the aggregate principal amount of $169,800,000135,720,000, Class C Notes in the aggregate principal amount of $256,900,000171,430,000, Class D Notes in the aggregate principal amount of $215,530,000 114,290,000 and Class E Notes in the aggregate principal amount of $123,180,00057,140,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2012-2), Trust Agreement (Santander Drive Auto Receivables Trust 2012-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000285,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000509,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000435,280,000, Class B Notes in the aggregate principal amount of $169,800,000199,340,000, Class C Notes in the aggregate principal amount of $256,900,000, 238,100,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000246,970,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2022-5), Trust Agreement (Santander Drive Auto Receivables Trust 2022-5)

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General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Trust Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,398,600,000 (comprising $255,700,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 395,750,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 75,000,000 in the aggregate principal amount of Class A-2b Notes $169,800,000470,750,000 principal amount of Class A-3 Notes, Class C Notes $129,000,000 in the aggregate principal amount of Class A-4 Notes, $256,900,000, Class D Notes 22,300,000 in the aggregate principal amount of Class B Notes, $215,530,000 and Class E Notes 32,200,000 in the aggregate principal amount of Class C Notes and $123,180,00017,900,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2022-2), Trust Agreement (CarMax Auto Owner Trust 2022-2)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,00058,500,000, Class A-2 Notes in the aggregate principal amount of $464,170,000130,525,000, Class A-3 Notes in the aggregate principal amount of $210,000,000130,525,000, Class B Notes in the aggregate principal amount of $169,800,00055,650,000, Class C Notes in the aggregate principal amount of $256,900,00090,300,000, Class D Notes in the aggregate principal amount of $215,530,000 90,300,000 and Class E Notes in the aggregate principal amount of $123,180,00039,200,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000126,280,000, Class A-2 Notes in the aggregate principal amount of $464,170,000479,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000218,370,000, 26 Amended and Restated Trust Agreement (SDART 2023-4) Class B Notes in the aggregate principal amount of $169,800,000, 152,240,000 and Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000164,870,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2023-4), Trust Agreement (Santander Drive Auto Receivables Trust 2023-4)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000334,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000346,000,000, Class A-2-B Notes in the aggregate principal amount of $160,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000139,100,000, Class B Notes in the aggregate principal amount of $169,800,000207,310,000, Class C Notes in the aggregate principal amount of $256,900,000209,930,000, Class D Notes in the aggregate principal amount of $215,530,000 103,660,000 and Class E Notes in the aggregate principal amount of $123,180,00089,720,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or a Majority of the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized authorized, empowered and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,00066,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000126,300,000, Class A-3 Notes in the aggregate principal amount of $210,000,000126,200,000, Class B Notes in the aggregate principal amount of $169,800,00060,550,000, Class C Notes in the aggregate principal amount of $256,900,00081,550,000, Class D Notes in the aggregate principal amount of $215,530,000 94,500,000 and Class E Notes in the aggregate principal amount of $123,180,00043,400,000. In addition to the foregoing, the Owner Trustee is authorizedauthorized and empowered, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized and empowered from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000184,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000355,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000294,330,000, Class B Notes in the aggregate principal amount of $169,800,000137,710,000, Class C Notes in the aggregate principal amount of $256,900,000169,490,000, Class D Notes in the aggregate principal amount of $215,530,000 109,470,000 and Class E Notes in the aggregate principal amount of $123,180,00042,370,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2013-1), Trust Agreement (Santander Drive Auto Receivables Trust 2013-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Trust Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,280,000,000 (comprising $258,000,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 343,400,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 100,000,000 in the aggregate principal amount of Class A-2b Notes, $169,800,000, Class C Notes 378,000,000 in the aggregate principal amount of Class A-3 Notes, $256,900,000, Class D Notes 112,280,000 in the aggregate principal amount of Class A-4 Notes, $215,530,000 and Class E Notes 34,560,000 in the aggregate principal amount of Class B Notes, $123,180,00031,360,000 in aggregate principal amount of Class C Notes and $22,400,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Trust Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000128,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000266,000,000, Class A-2-B Notes in the aggregate principal amount of $50,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000159,720,000, Class B Notes in the aggregate principal amount of $169,800,000123,490,000, Class C Notes in the aggregate principal amount of $256,900,000, 169,880,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000118,260,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2019-2), Trust Agreement (Drive Auto Receivables Trust 2019-2)

General Authority. The Owner Trustee shall administer the Issuing Entity in the interest of the Trust Certificateholders, subject to the Lien of the Indenture Trustee, in accordance with the Basic Documents. Subject to the provisions and limitations of Sections 2.03 and 2.07, the Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Issuing Entity the Basic Documents to which the Issuer Issuing Entity is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Issuing Entity is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, approve as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuing Entity, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000187,000,000, Class A-2 A-2a Notes in the aggregate principal amount of $464,170,000305,000,000, Class A-2b Notes in the aggregate principal amount of $100,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 405,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000103,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Issuing Entity pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Issuing Entity as is permitted by the Seller, Basic Documents and that the Administrator Servicer or the Majority Certificateholders direct in writing Administrative Agent recommends with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Trust Certificateholders for such action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2023-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000155,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000174,260,000, Class A-3 Notes in the aggregate principal amount of $210,000,00086,050,000, Class B Notes in the aggregate principal amount of $169,800,000133,600,000, Class C Notes in the aggregate principal amount of $256,900,000168,450,000, Class D Notes in the aggregate principal amount of $215,530,000 162,640,000 and Class E Notes in the aggregate principal amount of $123,180,00058,080,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000239,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000301,600,000, Class A-3 Notes in the aggregate principal amount of $210,000,000118,980,000, Class B Notes in the aggregate principal amount of $169,800,000182,180,000, Class C Notes in the aggregate principal amount of $256,900,000169,550,000, Class D Notes in the aggregate principal amount of $215,530,000 119,020,000 and Class E Notes in the aggregate principal amount of $123,180,00093,090,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed (x) to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and (y) at the written direction of the Seller, Seller (i) to execute on behalf of the Issuer the Certificates specified in such written direction and (ii) to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000218,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000593,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000219,100,000, Class B Notes in the aggregate principal amount of $169,800,000240,870,000, Class C Notes in the aggregate principal amount of $256,900,000, 253,760,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000275,270,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Drive Auto Receivables Trust 2021-2), Trust Agreement (Drive Auto Receivables Trust 2021-2)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000215,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000573,500,000, Class A-3 Notes in the aggregate principal amount of $210,000,000273,440,000, Class B Notes in the aggregate principal amount of $169,800,000210,210,000, Class C Notes in the aggregate principal amount of $256,900,000318,040,000, Class D Notes in the aggregate principal amount of $215,530,000 266,850,000 and Class E Notes in the aggregate principal amount of $123,180,000152,480,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2020-3), Trust Agreement (Santander Drive Auto Receivables Trust 2020-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000[ ], Class A-2 Notes in the aggregate principal amount of $464,170,000[ ], Class A-3 Notes in the aggregate principal amount of $210,000,000[ ], Class A-4 Notes in the aggregate principal amount of $[ ] and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000[ ]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Usaa Acceptance LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000209,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000, 349,000,000 Class A-3 Notes in the aggregate principal amount of $210,000,000320,000,000, Class A-4 Notes in the aggregate principal amount of $322,000,000, and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00065,040,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Finance Trust 2002-A)

General Authority. The Subject to the provisions and ----------------- limitations of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes in the 431,055,000 (comprised of $108,260,000 aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes in the 78,243,000 aggregate principal amount of Class A-2 Notes, $210,000,000, Class B Notes in the 161,160,000 aggregate principal amount of Class A-3 Notes and $169,800,000, Class C Notes in the 83,392,000 aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000A-4 Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Subject to Section 2.03, the Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by the Seller, Basic Documents and which the Master Servicer or the Administrator or the Majority Certificateholders direct recommends in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders or the Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $183,600,000758,000,000, (ii) Class A-2 A-2A Notes in the aggregate principal amount of $464,170,000834,000,000, (iii) Class A-3 A-2B Notes in the aggregate principal amount of $210,000,00020,000,000, (iv) Class A-3A Notes in the aggregate principal amount of $160,875,000, (iv) Class A-3B Notes in the aggregate principal amount of $273,250,000, (iv) Class A-3C Notes in the aggregate principal amount of $160,875,000, (iv) Class A-4 Notes in the aggregate principal amount of $462,605,000, (v) Class B Notes in the aggregate principal amount of $169,800,00069,520,000, (vi) Class C Notes in the aggregate principal amount of $256,900,000, 27,805,000 and (vii) Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00069,520,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the Seller, Basic Documents and which the Servicer or the Administrator or the Majority Certificateholders direct in writing directs with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) on behalf of the Transaction Trust the Basic Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoor other agreement, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver (i) Class A-1 Notes in the aggregate principal amount of $183,600,000548,000,000, (ii) Class A-2 A-2A Notes in the aggregate principal amount of $464,170,000608,000,000, (iii) Class A-2B Notes in the aggregate principal amount of $25,000,000, (iv) Class A-3 Notes in the aggregate principal amount of $210,000,000432,000,000, (v) Class A-4 Notes in the aggregate principal amount of $309,720,000, (vi) Class B Notes in the aggregate principal amount of $169,800,00050,333,000, (vii) Class C Notes in the aggregate principal amount of $256,900,000, 20,133,000 and (viii) Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00055,366,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the Seller, Basic Documents and which the Servicer or the Administrator or the Majority Certificateholders direct in writing directs with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and on behalf of Issuer at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000268,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000132,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000150,000,000, Class A-4 Notes in the aggregate principal amount of TRUST AGREEMENT $148,000,000, Class A-5 Notes in the aggregate principal amount of $151,800,000, Class A-P Notes in the aggregate principal amount of $125,000,000, Class B Notes in the aggregate principal amount of $169,800,00063,620,000, and Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00024,300,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Servicer or Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000165,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000203,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $210,000,000$115,000,000, Class A-3-B Notes in the aggregate principal amount of $169,800,000126,000,000, Class C A-4 Notes in the aggregate principal amount of $256,900,000191,000,000, Class D B-1 Notes in the aggregate principal amount of $215,530,000 34,043,000 and Class E B-2 Notes in the aggregate principal amount of $123,180,0008,510,191. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Finance Trust 2002-C)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Trust is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee Trust is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes 1,000,000,000 (comprised of $152,000,000 in the aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes 193,000,000 in the aggregate principal amount of Class A-2a Notes, $210,000,000, Class B Notes 175,000,000 in the aggregate principal amount of Class A-2b Notes, $169,800,000, Class C Notes 300,000,000 in the aggregate principal amount of Class A-3 Notes, $256,900,000, Class D Notes 115,500,000 in the aggregate principal amount of Class A-4 Notes, $215,530,000 and Class E Notes 18,500,000 in the aggregate principal amount of Class B Notes, $123,180,00020,000,000 in aggregate principal amount of Class C Notes and $26,000,000 in aggregate principal amount of Class D Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, authorized to take all actions required of the Issuer Trust pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action on behalf of the Trust as is permitted by the SellerTransaction Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (CarMax Auto Owner Trust 2015-3)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000259,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000282,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000238,000,000, Class A-4 Notes in the aggregate principal amount of $73,160,000, Class B Notes in the aggregate principal amount of $169,800,000, 17,800,000 and Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in 20,000,000 and to issue the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000Revolving Liquidity Note. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Seller or the Majority Certificateholders direct Residual Interestholder recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder for such action.

Appears in 1 contract

Samples: Trust Agreement (Banc of America Securities Auto Trust 2005-Wf1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000180,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000230,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000580,000,000, Class A-4 Notes in the aggregate principal amount of $210,000,000 , and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00077,830,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables Trust 2001-B)

General Authority. The Subject to the provisions and limitations of Section 2.03, the Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents each Basic Document to which the Issuer is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents any Basic Document to which the Issuer or the Owner Trustee is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approveapprove and provide to the Owner Trustee for execution, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes in the 1,000,000,000 (comprised of $252,000,000 aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes in the 248,000,000 aggregate principal amount of Class A-2 Notes, $210,000,000, Class B Notes in the 305,000,000 aggregate principal amount of Class A-3 Notes, $169,800,000, Class C Notes in the 130,000,000 aggregate principal amount of Class A-4 Notes, $256,900,000, Class D Notes in the 40,000,000 aggregate principal amount of Class B Notes and $215,530,000 and Class E Notes in the 25,000,000 aggregate principal amount of $123,180,000Class C Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Subject to Section 2.03, the Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by the SellerBasic Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Auto Owner Trust 2004-B)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000433,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000454,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $210,000,000331,500,000, Class A-3-B Notes in an aggregate principal amount of $331,500,000 and Class A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000450,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Basic Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Administrator shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerAdministrator, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000133,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000122,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000190,000,000, Class A-4 Notes in the aggregate principal amount of $68,187,500, and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00011,812,500. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (M&i Auto Loan Trust 2002-1)

General Authority. The Subject to the provisions and limitations of Section 2.03, the Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents each Basic Document to which the Issuer is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents any Basic Document to which the Issuer or the Owner Trustee is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approveapprove and provide to the Owner Trustee for execution, as evidenced conclusively by the Owner Trustee’s 's execution thereofthereof and the Depositor's execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes in the 1,900,000,000 (comprised of $351,000,000 aggregate principal amount of Class A-1 Notes, $464,170,000, Class A-3 Notes in the 572,000,000 aggregate principal amount of Class A-2 Notes, $210,000,000, Class B Notes in the 377,000,000 aggregate principal amount of Class A-3 Notes, $169,800,000, Class C Notes in the 348,000,000 aggregate principal amount of Class A-4 Notes, $256,900,000, Class D Notes in the 175,200,000 aggregate principal amount of Class A-5 Notes and $215,530,000 and Class E Notes in the 76,800,000 aggregate principal amount of $123,180,000Class B Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Subject to Section 2.03, the Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by the SellerBasic Documents and which the Certificateholders, the Administrator Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Auto Owner Trust 2005-B)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000192,200,000, Class A-2 Notes in the aggregate principal amount of $464,170,000180,000,000, Class A-3 A‑3 Notes in the aggregate principal amount of $210,000,000277,300,000, Class A‑4 Notes in the aggregate principal amount of $75,000,000, Class B Notes in the aggregate principal amount of $169,800,0009,370,000, Class C Notes in the aggregate principal amount of $256,900,000, 8,630,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,0007,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders recommend or direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Samples: Trust Agreement (Huntington Auto Trust 2015-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Basic Documents to which it or the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Basic Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and Issuer, to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000122,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,00040,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,00052,000,000, Class A-4 Notes in the aggregate principal amount of $20,000,000, Class A-5 Notes in the aggregate principal amount of $44,805,000, Class B Notes in the aggregate principal amount of $169,800,00020,025,000, Class C Notes in the aggregate principal amount of $256,900,0007,702,000, Class D Notes in the aggregate principal amount of $215,530,000 4,621,000 and Class E Notes in the aggregate principal amount of $123,180,0003,081,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Servicer recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000192,200,000, Class A-2 Notes in the aggregate principal amount of $464,170,000180,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000277,300,000, Class A-4 Notes in the aggregate principal amount of $75,000,000, Class B Notes in the aggregate principal amount of $169,800,0009,370,000, Class C Notes in the aggregate principal amount of $256,900,000, 8,630,000 and Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,0007,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the SellerDepositor, the Administrator or the Majority Certificateholders recommend or direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

Appears in 1 contract

Samples: Trust Agreement (Huntington Funding, LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000289,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000430,000,000, Class A-3 A-3-A Notes in the aggregate principal amount of $210,000,000167,000,000, Class A-3-B Notes in an aggregate principal amount of $167,000,000 and Class A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000447,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer Owner Trustee is named as a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s 's execution thereof, and at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000204,000,000, Class A-2 A-2-A Notes in the aggregate principal amount of $464,170,000187,000,000, Class A-3 A-2-B Notes in the aggregate principal amount of $210,000,000120,000,000, Class A-3-A Notes in the aggregate principal amount of $190,000,000, Class A-3-B Notes in the aggregate principal amount of $105,000,000, Class A-4-A Notes in the aggregate principal amount of $132,500,000, Class A-4-B Notes in the aggregate principal amount of $161,500,000 and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00054,030,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer Owner Trustee pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Servicer or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000287,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000440,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 284,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000489,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, 155,000,000 Class A-2 Notes in the aggregate principal amount of $464,170,000, 375,000,000 Class A-3 Notes in the aggregate principal amount of $210,000,000, 165,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000305,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Finance Trust 2004-A)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000563,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000708,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000, 764,000,000 and Class B A-4 Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000715,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000224,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000195,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000385,000,000, Class A-4 Notes in the aggregate principal amount of $176,000,000 and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00020,000,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (USAA Auto Owner Trust 2009-2)

General Authority. The Subject to the provisions and limitations of Section 2.03, the Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents each Basic Document to which the Issuer is named as to be a party and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents any Basic Document to which the Issuer or the Owner Trustee is named as to be a party and any amendment theretoparty, in each case, case in such form as the Seller Depositor shall approveapprove and provide to the Owner Trustee for execution, as evidenced conclusively by the Owner Trustee’s execution thereofthereof and the Depositor’s execution of this Agreement, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000, Class A-2 Notes in the 645,000,000 (comprised of $132,000,000 aggregate principal amount of 5.34013% Class A-1 Asset Backed Notes, $464,170,000, Class A-3 Notes in the 169,000,000 aggregate principal amount of 5.38% Class A-2 Asset Backed Notes, $210,000,000, Class B Notes in the 185,000,000 aggregate principal amount of 5.39% Class A-3 Asset Backed Notes, $169,800,000, Class C Notes in the 142,875,000 aggregate principal amount of 5.49% Class A-4 Asset Backed Notes and $256,900,000, Class D Notes in the 16,125,000 aggregate principal amount of $215,530,000 and 5.80% Class E Notes in the aggregate principal amount of $123,180,000B Asset Backed Notes). In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Basic Documents. The Subject to Section 2.03, the Owner Trustee is further authorized from time to time to take such action on behalf of the Issuer as is permitted by the SellerBasic Documents and which the Certificateholders, the Administrator Master Servicer or the Majority Certificateholders direct Administrator recommends in writing with respect to the Transaction Basic Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (WDS Receivables LLC)

General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer (i) the Transaction Documents to which the Issuer is named as a party and party, (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and (iii) (provided proper written instruction is received under this Article VI) any amendment thereto, in each case, in such form as the Seller Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and the Owner Trustee is further authorized, at the written direction of the SellerDepositor, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000381,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000271,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000587,000,000, Class A-4 Notes in the aggregate principal amount of $267,889,000 and Class B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,00046,604,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, Depositor or the Administrator recommends or the Majority Certificateholders direct directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Certificateholders for such action.

Appears in 1 contract

Samples: Trust Agreement (USAA Auto Owner Trust 2009-1)

General Authority. The Owner Trustee is authorized and directed to execute and deliver (i) the Transaction Documents to which the Issuer is named as a party party, and (ii) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party and any amendment thereto, including, without limitation, the Fee Letter (as defined in the Insurance Agreement), in each case, in such form as the Seller shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Seller, to execute on behalf of the Issuer and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $183,600,000364,000,000, Class A-2 Notes in the aggregate principal amount of $464,170,000469,000,000, Class A-3 Notes in the aggregate principal amount of $210,000,000660,000,000, Class A-4-A Notes in the aggregate principal amount of $253,500,000 and Class A-4-B Notes in the aggregate principal amount of $169,800,000, Class C Notes in the aggregate principal amount of $256,900,000, Class D Notes in the aggregate principal amount of $215,530,000 and Class E Notes in the aggregate principal amount of $123,180,000253,500,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator Administrator, the Residual Interestholder or the Majority Certificateholders direct Note Insurer recommends or directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder the Residual Interestholder or the Note Insurer for such action.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

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