Common use of Acceptance by Owner Trustee Clause in Contracts

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer and the Issuer shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, of the Loan Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer Trust shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer Trust and the Issuer Trust shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the IssuerTrust, of the Loan Trust Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 5 contracts

Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000-A), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 1999-A), Sale and Servicing Agreement (Heller Funding Corp)

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer and the Issuer shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, of the Initial Loan Assets, and declares that it shall maintain such right, title and interest in the Loan Assets in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer and the Issuer shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, of the Initial Loan Assets, and declares that it shall maintain such right, title and interest in the Loan Assets in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer Trust shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer Trust and the Issuer Trust shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the IssuerTrust, of the Loan Trust Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 1 contract

Samples: Acas Transfer Agreement (American Capital Strategies LTD)

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Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer Owner Trustee shall issue on behalf of the Trust to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer Trust and the Issuer Owner Trustee shall issue, and the Indenture Trustee shall authenticate, to, or upon the written order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the IssuerTrust, of the Loan Trust Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust Trust herein and therein set forth.. Section 2.04

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fidelity Leasing Inc)

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have ------------ been satisfied, the Issuer Trust shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer Trust and the Issuer Trust shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the IssuerTrust, of the Loan Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer Owner Trustee shall issue on behalf of the Trust to, or upon the order of, the Trust Depositor the Certificate Certificates representing ownership of a beneficial interest in 100% of the Issuer Trust and the Issuer Owner Trustee shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the IssuerTrust, of the Loan Trust Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Heller Funding Corp)

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