Titularizadora has the broadest powers of decision, execution, and disposition, subject to law and to the Rules of Operation for carrying out its duties as administrator both of the Securitization Process and of the Universalidades. Under these powers, Titularizadora has the required capacity to file, either directly or through third parties, any judicial or extra-judicial actions that may be advisable, necessary or required for the proper protection of the Underlying Assets and in general of all the rights of the Universalidades and of the Bondholders.
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