Asset Backed Certificate No Sample Clauses
The 'Asset Backed Certificate No' clause identifies and references a specific certificate that represents an interest in a pool of underlying assets, such as loans or receivables. In practice, this clause is used to specify the unique number or identifier assigned to the asset-backed certificate within a transaction or agreement, ensuring that all parties are clear about which certificate is being discussed or transferred. Its core function is to eliminate ambiguity and ensure precise identification of the asset-backed security involved, thereby reducing the risk of miscommunication or errors in documentation.
Asset Backed Certificate No. R-__ issued by Santander Drive Auto Receivables Trust 2023-5), and all rights thereunder, hereby irrevocably constituting and appointing Attorney to transfer said Certificate on the books of the Certificate Registrar, with full power of substitution in the premises Dated: ___________________, 20[__] [ ] By: Name: Title: Guaranteed: [*NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Certificate in every particular, without alteration, enlargement or any change whatever. Such signature must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Certificate Registrar, which requirements include membership or participation in STAMP or such other “signature guarantee program” as may be determined by the Certificate Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.] Wilmington Trust, National Association, as Owner Trustee ▇▇▇▇▇▇ Square North ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Wilmington, Delaware 19890-0001 Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Corporate Trust Administration – Santander Drive Auto Receivables Trust 2023-5 Citibank, N.A., as Certificate Registrar ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ Jersey City, New Jersey 07310 Attention: Agency and Trust – Santander Drive Auto Receivables Trust 2023-5 Reference is hereby made to the Amended and Restated Trust Agreement, dated as of October 18, 2023 (the “Trust Agreement”), between Santander Drive Auto Receivables LLC, as Depositor (the “Depositor ”) and Wilmington Trust, National Association, as Owner Trustee (the “Owner Trustee”) governing Santander Drive Auto Receivables Trust 2023-5 (the “Issuer”). Capitalized terms not defined herein shall have the meanings assigned to such terms in the Trust Agreement. You are hereby notified that [name of Transferor] (the “Transferor”) has transferred its [__]% beneficial interest in the Issuer evidenced by Certificate No. ____. Enclosed, please find the following documentation as required by the Trust Agreement: