Owner Trustee May Own Notes Sample Clauses
The "Owner Trustee May Own Notes" clause permits the owner trustee to purchase, hold, or otherwise have an ownership interest in the notes issued under the agreement. In practice, this means that the trustee, despite its fiduciary role, is not restricted from investing in or trading the same securities it oversees, and may do so for its own account or for others. This clause clarifies that such ownership does not constitute a conflict of interest or breach of duty, thereby ensuring transparency and preventing disputes regarding the trustee's participation in the notes market.
Owner Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of the Notes and may deal with the Depositor, the Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.
Owner Trustee May Own Notes. Wilmington Trust Company in its individual or any other capacity may become the owner or pledgee of the Notes and may deal with the Depositor, the Administrator, the Indenture Trustee, and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.
Owner Trustee May Own Notes. 3 SECTION 6.8. Payments from Owner Trust Estate........................... 3 SECTION 6.9. Doing Business in Other Jurisdictions...................... 3
Owner Trustee May Own Notes. 16 SECTION 6.08. PAYMENTS FROM TRUST ESTATE ............................. 17