Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 35 contracts

Samples: Trust Agreement (Exeter Automobile Receivables Trust 2024-2), Trust Agreement (Exeter Automobile Receivables Trust 2024-2), Trust Agreement (Exeter Automobile Receivables Trust 2024-1)

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Purposes and Powers. (a) The purpose of the Trust is, is to engage in the following activities and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage and the Owner Trustee in the following activitiesname and on behalf of the Trust is hereby authorized:

Appears in 28 contracts

Samples: Trust Agreement (World Omni Auto Leasing LLC), Trust Agreement (World Omni LT), Trust Agreement (World Omni Automobile Lease Securitization Trust 2020-B)

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and is authorized, to engage in the following activities:

Appears in 12 contracts

Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp)

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authorityauthority and is hereby authorized, to engage in the following activities:

Appears in 11 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2024-1), Trust Agreement (Ally Auto Receivables Trust 2024-1), Trust Agreement (Ally Auto Receivables Trust 2023-1)

Purposes and Powers. The purpose of the Trust is, and is to engage in the Trust following activities and the Owner Trustee or the Servicer, as applicable, acting on behalf of the Trust, Trust shall have the power and authority, to engage in the following activities:

Appears in 11 contracts

Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1), Trust Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2), Trust Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1)

Purposes and Powers. The purpose of the Trust is, and the Trust shall have the power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered (but shall not be obligated), in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (Hercules Capital, Inc.), Trust Agreement (Horizon Technology Finance Corp), Trust Agreement (Hercules Capital, Inc.)

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Bond Securitization LLC), Trust Agreement (M&i Auto Loan Trust 2002-1)

Purposes and Powers. (a) The purpose of the Trust is, is to engage in the following activities and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage and the Owner Trustee in the following activitiesname and on behalf of the Trust is hereby authorized and empowered without further trust action:

Appears in 7 contracts

Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)

Purposes and Powers. (a) The purpose of the Trust isis to engage exclusively in the activities set forth in this Section 2.03. The Trust shall have the power and authority and is hereby authorized and empowered, and without the Trust need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage in the following activitiesactivities set forth in this Section 2.03 as follows:

Appears in 6 contracts

Samples: Trust Agreement (Bluegreen Vacations Holding Corp), Trust Agreement (BBX Capital Corp), Trust Agreement (BBX Capital Corp)

Purposes and Powers. The purpose of the Trust is, and the Trust shall have power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage solely in the following activities:

Appears in 5 contracts

Samples: Trust Agreement (First Investors Financial Services Group Inc), Trust Agreement (First Investors Financial Services Group Inc), Trust Agreement (First Investors Financial Services Group Inc)

Purposes and Powers. The purpose of the Trust isis to, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authorityauthority to and is hereby authorized to, to engage in the following activities:

Appears in 4 contracts

Samples: Trust Agreement (Keycorp Student Loan Trust 2004-A), Trust Agreement (KeyCorp Student Loan Trust 2006-A), Trust Agreement (KeyCorp Student Loan Trust 2005-A)

Purposes and Powers. (1) The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 3 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

Purposes and Powers. (a) The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and the Owner Trustee shall have power and authority, and is hereby authorized and empowered in the name and on behalf of the Trust, to do or cause to be done all acts and things necessary, appropriate or convenient to cause the Trust to engage in the following activities:

Appears in 3 contracts

Samples: Trust Agreement (Money Store Home Equity Corp), Money Store Home Equity Corp, Money Store Home Equity Corp

Purposes and Powers. (a) The purpose of the Trust is, and the Trust shall have power and authority and is hereby authorized, and each of the Owner Trustee or Trustees in the Servicer, as applicable, name and on behalf of the Trust, shall have the power and authorityTrust is hereby authorized, to engage in the following activities and only these activities:

Appears in 2 contracts

Samples: Administration Agreement (First Marblehead Corp), Administration Agreement (First Marblehead Corp)

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and the Trustee shall have power and authority and is hereby authorized and empowered in the name and on behalf of the Trust to do or cause to be done all acts and things necessary, advisable or convenient to cause the Trust, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Nelnet Inc), Trust Agreement (Nelnet Student Loan Corp 1)

Purposes and Powers. The purpose of the Trust is, and the Trust (and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, ) shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Deposit Trust Agreement (Sequoia Residential Funding Inc), Trust Agreement (Sequoia HELOC Trust 2004-1)

Purposes and Powers. (a) The purpose of the Trust is, and ------------------- the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Franklin Receivables LLC)

Purposes and Powers. (a) The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee shall have power and authority, and is hereby authorized and empowered, in the name and on behalf of the Trust, to do or cause to be done all acts and things as may be necessary, appropriate, or convenient to cause the Trust to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Bay View Capital Corp), Trust Agreement (Bay View Capital Corp)

Purposes and Powers. (a) The purpose of the Trust is, ------------------- and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Americredit Financial Services Inc)

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Purposes and Powers. The purpose of the Trust is, and the Trust shall have the power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (MCG Capital Corp), Trust Agreement (MCG Capital Corp)

Purposes and Powers. (a) The purpose of the Trust is, and the Trust shall have the power and authority, and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee on behalf of the Trust or the Servicer, as applicable, Trust Sponsor on behalf of the Trust, to the extent provided herein, shall have the power and authority, and is hereby authorized and empowered, in the name and on behalf of the Trust, to do or cause to be done all acts and things necessary, appropriate, or convenient to cause the Trust, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement

Purposes and Powers. (a) The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and is hereby authorized and empowered, to engage, from time to time, solely in a program of acquiring Receivables, the Related Rights and the other Trust Assets pursuant to the Transfer and Servicing Agreement and issuing Notes under the Indenture and related activities. Without limiting the generality of the foregoing, the Trust shall have the power and authority, and is hereby authorized and empowered, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (United States Cellular Corp)

Purposes and Powers. The purpose of the Trust is, is to engage in the following activities and the Grantor Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:

Appears in 1 contract

Samples: Grantor Trust Deed (Emergent Capital, Inc.)

Purposes and Powers. (a) The purpose of the Trust isis to engage solely in a program of acquiring interests in the Master Trust and issuing Notes under the Indenture and related activities. Without limiting the generality of the foregoing, and the Trust may and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activitiesauthority to:

Appears in 1 contract

Samples: Trust Agreement (Mellon Premium Finance Loan Owner Trust)

Purposes and Powers. (a) The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activities:: (i) to issue the Notes pursuant to the Indenture and the Certificates pursuant to this Agreement, and to sell the Notes and the Certificates;

Appears in 1 contract

Samples: Trust Agreement (Americredit Financial Services Inc)

Purposes and Powers. The purpose of the Trust is, is to enter into contracts with others or delegate herein the right to perform the following activities and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, to engage in the following activitiesand is hereby authorized and empowered without further trust action:

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables Trust 2024-B)

Purposes and Powers. The purpose of the Trust is, and the Trust shall have the power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust or any other Person, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Ares Capital Corp)

Purposes and Powers. The purpose of the Trust is, and the Trust and the Owner Trustee or the Servicer, as applicable, on behalf of the Trust, shall have the power and authority, and the Trustee shall have the power and authority and is hereby authorized and empowered in the name and on behalf of the Trust to do or cause to be done all acts and things necessary, advisable or convenient to cause the Trust, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Nelnet Inc)

Purposes and Powers. The purpose of the Trust is, and the Trust shall have the power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate or convenient to cause the power and authorityTrust, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (Imperial Holdings, Inc.)

Purposes and Powers. The purpose of the Trust is, and ------------------- the Trust shall have power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or the ServicerDesignee, as applicable, shall have power and authority and are hereby authorized and empowered in the name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate, or convenient to cause the power and authority, Trust to engage in the following activities:

Appears in 1 contract

Samples: Intercreditor Agreement (Artisan Entertainment Inc)

Purposes and Powers. The purpose of the Trust is, and the ------------------- Trust shall have the power and authority and is hereby authorized and empowered, without the need for further action on the part of the Trust, and the Owner Trustee or shall have power and authority, and is hereby authorized and empowered, in the Servicer, as applicable, name and on behalf of the Trust, shall have to do or cause to be done all acts and things necessary, appropriate, or convenient to cause the power and authorityTrust, to engage in the following activities:

Appears in 1 contract

Samples: Trust Agreement (MCG Capital Corp)

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