Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding or investigation known to the Owner Trustee that could reasonably be expected to adversely affect the Trust or the Owner Trust Estate.
Appears in 103 contracts
Sources: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2025-3), Trust Agreement (Carmax Auto Funding LLC)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding Proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected in any way relating to adversely affect the Issuer, the Trust Property or the Owner Trust Estateany Issuer Basic Document.
Appears in 30 contracts
Sources: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding Proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected in any way relating to adversely affect the Issuer, the Trust Property or the Owner Trust Estate.any Issuer Basic Document. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Appears in 8 contracts
Sources: Trust Agreement (Daimler Trucks Retail Receivables LLC), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Master Servicer of any action, proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust Issuer or the Owner Trust EstateEstate or their respective rights or obligations under any of the Basic Documents.
Appears in 6 contracts
Sources: Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (WDS Receivables LLC), Trust Agreement (Wachovia Auto Owner Trust 2008-A)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust Issuer or the Owner Trust EstateEstate or their respective rights or obligations under any of the Basic Documents.
Appears in 4 contracts
Sources: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Wachovia Auto Owner Trust 2005-A), Trust Agreement (Wachovia Auto Owner Trust 2004-B)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the DepositorTransferor, the Seller Administrator and the Servicer of any action, proceeding Proceeding or investigation actually known to an Authorized Officer of the Owner Trustee that could reasonably be expected in any way relating to adversely affect the Trust or Issuer, the Owner Trust EstateEstate or any 20[__]-[_] Basic Document.
Appears in 3 contracts
Sources: Trust Agreement (Mercedes-Benz Vehicle Trust), Trust Agreement (Daimler Trust), Trust Agreement (Daimler Trust)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding Proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected in any way relating to adversely affect the Issuer, the Trust Property or the Owner Trust Estate.any Issuer Basic Document. ARTICLE FIVE
Appears in 3 contracts
Sources: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2025-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2025-1), Trust Agreement (Daimler Trucks Retail Trust 2022-1)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller Indenture Trustee and the Servicer of any action, proceeding or investigation involving the Trust actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust or the Owner Trust EstateEstate or their respective rights or obligations under any of the Transaction Documents.
Appears in 2 contracts
Sources: Trust Agreement (OneMain Financial Holdings, Inc.), Trust Agreement (OneMain Financial Holdings, Inc.)
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Master Servicer of any action, proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust Issuer or the Owner Trust Estate.Estate or their respective rights or obligations under any of the Basic Documents. ARTICLE FIVE
Appears in 1 contract
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the DepositorTransferor, the Seller Indenture Trustee, the Administrator and the Servicer of any action, proceeding or investigation involving the Trust actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust or the Owner Trust EstateAssets or their respective rights or obligations under any Transaction Documents.
Appears in 1 contract
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding Proceeding or investigation actually known to a Responsible Officer of the Owner Trustee that could reasonably be expected to adversely affect the Trust Issuer or the Owner Trust EstateEstate or the Issuer’s rights or obligations under any Issuer Basic Document.
Appears in 1 contract
Certain Litigation Matters. The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer Insurer of any action, proceeding or investigation known to of which a Responsible Officer of the Owner Trustee has actual knowledge that could reasonably be expected to adversely affect the Trust or the Owner Trust EstateEstate or the rights or obligations of the Insurer under any of the Basic Documents, the Note Policy or any other document delivered with respect thereto.
Appears in 1 contract