Common use of Appointment and Powers Clause in Contracts

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest Bank Minnesota, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series Supplement, and Norwest Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 10 contracts

Sources: Spread Account Agreement (Arcadia Financial LTD), Spread Account Agreement (Arcadia Financial LTD), Spread Account Agreement (Arcadia Financial LTD)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 6 contracts

Sources: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association ▇▇▇▇▇ Fargo hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such the Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Agreement or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 5 contracts

Sources: Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2010-A), Spread Account Agreement (AFS SenSub Corp.), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Deutsche Bank Minnesota, National Association Trust Company Americas as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Deutsche Bank Minnesota, National Association Trust Company Americas hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 4 contracts

Sources: Spread Account Agreement (UPFC Auto Receivables Trust 2005-B), Spread Account Agreement (United Pan Am Financial Corp), Spread Account Agreement (UPFC Auto Receivables Trust 2005-A)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Trust Secured Parties hereby appoints Norwest Deutsche Bank Minnesota, National Association Trust Company Americas as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Deutsche Bank Minnesota, National Association Trust Company Americas hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Trust Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Trust Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 3 contracts

Sources: Spread Account Agreement (UPFC Auto Receivables Trust 2006-A), Spread Account Agreement (UPFC Auto Receivables Corp.), Spread Account Agreement (UPFC Auto Receivables Trust 2007-A)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Bank Minnesota, National Association of New York as the Indenture Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest The Bank Minnesota, National Association of New York hereby accepts such appointment and agrees to act as Indenture Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Indenture Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Indenture Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Indenture Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Indenture Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Indenture Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which to its knowledge are in violation of any applicable law, rule or regulation or (iii) for which the Indenture Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Indenture Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the Indenture Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 3 contracts

Sources: Indenture (Franklin Receivables Auto Trust 2003-1), Indenture (Franklin Auto Trust 2004-2), Indenture (Franklin Auto Trust 2003-2)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaW▇▇▇▇ Fargo Bank, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Bank MinnesotaW▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 3 contracts

Sources: Spread Account Agreement (AFS SenSub Corp.), Spread Account Agreement (AFS SenSub Corp.), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2005-B-M)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Spread Account Agreement (AFS SenSub Corp.), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaW▇▇▇▇ Fargo Bank, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank MinnesotaW▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the express provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2005-a-X), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2007-a-X)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota[_____________], National Association in its capacity as Indenture Trustee, as the Collateral Agent collateral agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association [_____________] hereby accepts such appointment and agrees to act as Collateral Agent collateral agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of with respect to the Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Painewebber Asset Acceptance Corp), Indenture (Securitized Asset Backed Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Trust Secured Parties hereby appoints Norwest Bank Minnesota, National Association [INDENTURE TRUSTEE] as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association [INDENTURE TRUSTEE] hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Estate for the Trust Secured Parties, to maintain custody and possession of such Collateral Trust Estate (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Operative Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Control Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Control Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Advanta Conduit Receivables Inc), Indenture (Advanta Mortgage Conduit Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest First Union National Bank Minnesota, National Association as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest First Union National Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Property for the Issuer Secured Parties, to maintain custody and possession of such Collateral Trust Property (except as otherwise provided hereunderhereunder or under the Sale and Servicing Agreement) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (or, if an Insurer Default has occurred and is continuing, Holders of Notes evidencing a majority (or such greater percentage as may be required by the terms hereof) of the Outstanding Amount of the Notes) may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party Insurer (or, if an Insurer Default has occurred and is continuing, Holders of Notes evidencing a majority (or such greater percentage as may be required by the terms hereof) of the Outstanding Amount of the related Class of Notes) delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Prudential Securities Secured Financing Corp), Indenture (Prudential Securities Secured Financing Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66 2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Ikon Receivables LLC), Indenture (Ikon Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest Bank Minnesota, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementAgent, and Norwest Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such the Collateral (except as otherwise provided hereunderhereunder and under the Custodian Agreement) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Security Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunderhereunder and under the other Transaction Documents, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereofhereof or by the terms of any Transaction Document, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Security Agreement promptly following receipt of such written instructions; provided PROVIDED, that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or are in violation of the provisions of, this AgreementSecurity Agreement or any Transaction Document, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunderhereunder or under any Transaction Document, except where this Security Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Security Agreement (Arcadia Financial LTD), Security Agreement (Olympic Financial LTD)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaBankers Trust Company of California, National Association N.A. as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank MinnesotaBankers Trust Company of California, National Association hereby accepts N.A. here▇▇ ▇▇▇epts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Estate for the Issuer Secured Parties, to maintain custody and possession of such Collateral Trust Estate (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Operative Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Advanta Mortgage Conduit Services Inc), Indenture (Advanta Revolving Home Equity Loan Trust 1998-A)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuing Entity Secured Parties hereby appoints Norwest Deutsche Bank Minnesota, National Association Trust Company Americas as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Deutsche Bank Minnesota, National Association Trust Company Americas hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuing Entity Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuing Entity Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Spread Account Agreement (UPFC Auto Receivables Trust 2007-B), Spread Account Agreement (UPFC Auto Receivables Trust 2006-B)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Chase Manhattan Bank Minnesota, National Association as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementIndenture Collateral, and Norwest The Chase Manhattan Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent the Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Indenture Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Indenture Collateral (except as otherwise provided hereunderhereunder and under the Sale and Servicing Agreement) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the Related Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (Asset Backed Securities Corp), Indenture (Asset Backed Securities Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Chase Manhattan Bank Minnesota, National Association as the Indenture Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest The Chase Manhattan Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Indenture Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Indenture Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Indenture Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Indenture Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Indenture Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Indenture Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Indenture Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Indenture Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the Indenture Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 2 contracts

Sources: Indenture (TMS Auto Holdings Inc), Indenture (TMS Auto Holdings Inc)

Appointment and Powers. Subject to the terms and conditions ---------------------- hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association Association, in its capacity as Indenture Trustee, as the Collateral Agent collateral agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent collateral agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of with respect to the Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Prudential Securities Secured Financing Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association _______________________ as the Indenture Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association _______________________ hereby accepts such appointment and agrees to act as Indenture Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Indenture Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Indenture Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Indenture Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Indenture Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Indenture Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Indenture Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Indenture Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the Indenture Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (FCC Receivables Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association BNY Midwest Trust Company as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest Bank Minnesota, National Association BNY Midwest Trust Company hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66 2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Ikon Receivables Funding LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaOne, National Association as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank MinnesotaOne, National Association hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Property for the Issuer Secured Parties, to maintain custody and possession of such Collateral Trust Property (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Greenpoint Home Equity Loan Trust 1999 2)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties Issuer hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association N.A. as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association N.A. hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such the Collateral (except as otherwise provided hereunderhereunder or under the Custodial Agreement) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered to it pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Sequoia HELOC Trust 2004-1)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest Bank Minnesota, National Association as the Collateral Agent with respect to the Series 19931994-A 1 Collateral and the related Collateral subsequently specified in a Series Supplement, and Norwest Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 19931994-A Collateral1 Collateral and, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Master Spread Account Agreement (Consumer Portfolio Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association [Indenture Trustee] as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association [Indenture Trustee] hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Property for the Issuer Secured Parties, to maintain custody and possession of such Collateral Trust Property (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered to it pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Sequoia Residential Funding Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association BNY Midwest Trust Company as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest Bank Minnesota, National Association BNY Midwest Trust Company hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66-2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Ikon Receivables Funding LLC)

Appointment and Powers. Subject to the terms and conditions ---------------------- hereof, each of the Secured Parties Noteholders, the Trust and the Insurer hereby appoints Norwest Wells Fargo Bank Minnesota, National Association N.A. as the Collateral Agent Indenture Trustee with respect res▇▇▇▇ to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementTrust Estate, and Norwest Wells Fargo Bank Minnesota, National Association N.A. hereby accepts such appointment and agrees a▇▇ ▇▇rees to act as Collateral Agent with Indenture Tru▇▇▇▇ ▇ith respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Estate for the Secured PartiesNoteholders and the Insurer, to maintain custody and possession of such Collateral Trust Estate (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Operative Documents. Each Secured Party Noteholder and the Insurer hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (J P Morgan Acceptance Corp I)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Bank Minnesota, National Association of New York as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest The Bank Minnesota, National Association of New York hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Spread Account Agreement (AmeriCredit Prime Automobile Receivables Trust 2007-2-M)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaJPMorgan Chase Bank, National Association N.A. as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementSpread Account Agreement Collateral, and Norwest Bank MinnesotaJPMorgan Chase Bank, National Association N.A. hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Spread Account Agreement Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Spread Account Agreement Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act (and shall be completely protected in so acting) upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Spread Account Agreement (Americredit Automobile Receivable Trust 2005-D-A)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association as the Collateral Agent with respect to the Series 19931995-A 1 Collateral and the related Collateral subsequently specified in a Series Supplement, and Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 19931995-A 1 Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided provided, however, that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Master Spread Account Agreement (National Auto Finance Co Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties initial Noteholder and the Note Purchaser hereby appoints Norwest Bank Minnesotaappoint ▇▇▇▇▇ Fargo Bank, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Partiesbenefit of the Noteholders and the Note Purchaser, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Secured Party Noteholder, by its acceptance of a Note, hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party such Noteholder may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party Note Purchaser or the Majority Noteholders delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Consumer Portfolio Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Chase Manhattan Bank Minnesota, National Association as the Indenture Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest The Chase Manhattan Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Indenture Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Indenture Collateral Agent in accordance with the provisions of this AgreementIndenture. Each Issuer Secured Party hereby authorizes the Indenture Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Indenture Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Indenture Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Indenture Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which to its knowledge are in violation of any applicable law, rule or regulation or (iii) for which the Indenture Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Indenture Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the 52 62 Indenture Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Franklin Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association [▇▇▇▇▇▇ Trust and Savings Bank] as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest Bank Minnesota, National Association [▇▇▇▇▇▇ Trust and Savings Bank] hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66 2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Ikon Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest SunTrust Bank Minnesota, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest SunTrust Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66 2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct in writing and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Ikon Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest The Chase Manhattan Bank Minnesota, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral Asset Pool and the related Collateral subsequently specified in a Series Supplementas initial Paying Agent, and Norwest The Chase Manhattan Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Asset Pool for the Issuer Secured Parties, to maintain custody and possession of such Collateral the assets in the Asset Pool (except as otherwise provided hereunderherein and in the Assignment and Servicing Agreement) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this Indenture and the Assignment and Servicing Agreement. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Insurer (if no Insurer Default has occurred and is continuing) or the holders of not less than 66 2/3% of the then Outstanding Principal Amount of the Notes (if an Insurer Default has occurred and is continuing) may direct in writing and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to Insurer or the Noteholders given in accordance with the provisions of this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnityindemnity satisfactory to it. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Ikon Receivables LLC)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any ofany applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Consumer Portfolio Services Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and as paying agent with respect to the related Collateral subsequently specified in a Series SupplementNotes (the "Note Paying Agent"), and Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Transaction Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Prudential Securities Secured Financing Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties Noteholders hereby appoints Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association as the Trust Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota▇▇▇▇▇ Fargo Bank, National Association hereby accepts such appointment and agrees to act as Trust Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured PartiesNoteholders, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Trust Collateral Agent in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Secured Party Noteholder hereby authorizes the Trust Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party Trustee may direct and as are specifically authorized to be exercised by the Trust Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto, including, but not limited to, the execution of any powers of attorney. The Trust Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party Trustee delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Trust Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Trust Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Trust Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the Trust Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Americredit Corp)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank MinnesotaWells Fargo Bank, National Association as the Collateral Agent Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series Supplement▇▇▇ Collateral, and Norwest Bank MinnesotaWells Fargo Bank, National Association hereby accepts such appointment and appointmen▇ ▇▇▇ agrees to act as Collateral Agent Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Collateral Agent Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this AgreementIndenture, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Consumer Portfolio Services Inc)

Appointment and Powers. (a) Subject to the terms and ---------------------- conditions hereof, each of the Issuer Secured Parties hereby appoints appoint Norwest Bank Minnesota, National Association Association, as the Trust Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association Association, hereby accepts such appointment and agrees to act as Trust Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Issuer Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Trust Collateral Agent in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Trust Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Trust Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Trust Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided that the Trust Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Trust Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Trust Collateral Agent of its express duties hereunder, except where this Agreement Indenture provides that the Trust Collateral Agent is permitted to act only following and in accordance with such instructions. (b) Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoint Norwest Bank Minnesota, National Association, as the Note Paying Agent with respect to the Trust Property, and Norwest Bank Minnesota, National Association, hereby accepts such appointment and agrees to act as Note Paying Agent with respect to the Trust Property in trust for the benefit of the Noteholders and Note Insured for the Issuer Secured Parties, to maintain custody and possession of such Trust Property in trust for the benefit of the Noteholders and Note Insured (except as otherwise provided hereunder) and to perform the other duties of the Note Paying Agent in accordance with the provisions of this Indenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Note Paying Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Note Paying Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Note Paying Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Indenture promptly following receipt of such written instructions; provided that the Note Paying Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Indenture or (ii) for which the Note Paying Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Note Paying Agent of its express duties hereunder, except where this Indenture provides that the Note Paying Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (TFC Enterprises Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association as the Collateral Agent with respect to the Series 19931996-A 1 Collateral and the related Collateral subsequently specified in a Series Supplement, and Norwest ▇▇▇▇▇▇ Trust and Savings Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 19931996-A 1 Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided provided, however, that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Master Spread Account Agreement (National Auto Finance Co Inc)

Appointment and Powers. Subject to the terms and conditions hereof, each of the Issuer Secured Parties hereby appoints Norwest Bank Minnesota, National Association [Indenture Trustee] as the Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series SupplementCollateral, and Norwest Bank Minnesota, National Association [Indenture Trustee] hereby accepts such appointment and agrees to act as Collateral Agent Indenture Trustee with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, Trust Property for the Issuer Secured Parties, to maintain custody and possession of such Collateral Trust Property (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent Indenture Trustee in accordance with the provisions of this AgreementIndenture and the other Basic Documents. Each Issuer Secured Party hereby authorizes the Collateral Agent Indenture Trustee to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent Indenture Trustee by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent Indenture Trustee shall act upon and in compliance with the written instructions of the Controlling Party delivered to it pursuant to this Agreement Indenture promptly following receipt of such written instructions; provided PROVIDED that the Collateral Agent Indenture Trustee shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, Indenture or (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent Indenture Trustee has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent Indenture Trustee of its express duties hereunder, except where this Agreement Indenture provides that the Collateral Agent Indenture Trustee is permitted to act only following and in accordance with such instructions.

Appears in 1 contract

Sources: Indenture (Greenpoint Mortgage Securities Inc/)