Common use of Applicable Trustee Clause in Contracts

Applicable Trustee. So long as the Aggregate Note Principal Balance is greater than zero and the Indenture has not been discharged in accordance with its terms, the Indenture Trustee, and thereafter, the Owner Trustee.

Appears in 2 contracts

Sources: Servicing Agreement (Ally Auto Receivables Trust 2012-5), Servicing Agreement (Ally Auto Receivables Trust 2012-5)