The Owner Trustee May Own Notes Clause Samples
This clause establishes that the owner trustee is permitted to purchase, hold, or otherwise own notes issued under the agreement. In practice, this means the trustee, despite its fiduciary role, can also act as an investor in the notes, subject to any applicable restrictions or requirements. The core function of this clause is to clarify and authorize the trustee's ability to participate in the transaction as a noteholder, thereby preventing potential conflicts or disputes regarding the trustee's eligibility to own such interests.
The Owner Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.
The Owner Trustee May Own Notes. ▇▇▇▇▇ Fargo in its individual or any other capacity may become the owner or pledgee of Notes, and may deal with the Depositor, the Indenture Trustee, the Administrator and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the Depositor, the Indenture Trustee, the Administrator and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.