Common use of Owner Trustee May Own Certificates and Notes Clause in Contracts

Owner Trustee May Own Certificates and Notes. BNY Mellon Trust of Delaware or any successor Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee and the Servicer in transactions in the same manner as it would have if it were not the Owner Trustee.

Appears in 115 contracts

Sources: Trust Agreement (Ally Auto Receivables Trust 2025- 1), Trust Agreement (Ally Auto Receivables Trust 2025- 1), Trust Agreement (Ally Auto Receivables Trust 2024-2)

Owner Trustee May Own Certificates and Notes. BNY Mellon Trust of Delaware or any successor Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the AdministratorIndenture Trustee, the Indenture Trustee Administrator and the Servicer in transactions in the same manner as it would have if it were not the Owner Trustee.

Appears in 27 contracts

Sources: Trust Agreement (Carvana Auto Receivables Trust 2024-P2), Trust Agreement (Carvana Auto Receivables Trust 2024-P2), Trust Agreement (Carvana Auto Receivables Trust 2025-P3)

Owner Trustee May Own Certificates and Notes. BNY Mellon Trust of Delaware or any successor Owner Trustee in its individual or any other capacity may become the owner or pledgee of Certificates or Notes and may deal with the Depositor, the AdministratorIndenture Trustee, the Indenture Trustee Administrator and the Servicer in transactions in the same manner as it would have if it were not the Owner Trustee.. 29 CRVNA 2022-P2 Trust Agreement

Appears in 2 contracts

Sources: Trust Agreement (Carvana Auto Receivables Trust 2022-P2), Trust Agreement (Carvana Auto Receivables Trust 2022-P2)