Common use of Authentication and Delivery of the Notes Clause in Contracts

Authentication and Delivery of the Notes. The Trustee shall cause to be authenticated and delivered to or upon the order of the Issuer, in consideration of the grant by the Issuer of a security interest in the Receivables and the other property included in the Trust Estate, simultaneously with the assignment, transfer and 45 51 conveyance to the Trustee of the Receivables and the constructive delivery to the Trustee on behalf of the Noteholders of the Receivable Files and the other components of the Trust Estate, the Notes duly authenticated by the Trustee, in authorized denominations equaling in the aggregate the Maximum Facility Amount. No Note shall be entitled to any benefit under this Agreement or be valid for any purpose, unless there appears thereon a certificate of authentication substantially in the form set forth in the form of such Note attached hereto as Exhibit C, executed by the Trustee by manual or facsimile signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered under this Agreement.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

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Authentication and Delivery of the Notes. The Trustee shall cause to be authenticated and delivered to or upon the order of the Issuer, in consideration of the grant by the Issuer of a security interest in exchange for the Receivables and the other property included in the Trust Estate, simultaneously with the assignment, transfer and 45 51 conveyance to the Trustee of the Receivables and the constructive delivery to the Trustee on behalf of the Noteholders of the Receivable Files and the other components of the Trust Estate, the Notes duly authenticated by the Trustee, in authorized denominations equaling in the aggregate the Maximum Facility AmountNote Balance. No Note shall be entitled to any benefit under this Agreement or be valid for any purpose, unless there appears thereon a certificate of authentication substantially in the form set forth in the form of such Note attached hereto as Exhibit C, executed by the Trustee by manual or facsimile signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered under this Agreement.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (Creditrust Corp), Indenture and Servicing Agreement (MCM Capital Group Inc)

Authentication and Delivery of the Notes. The Trustee shall cause to be authenticated and delivered to or upon the order of the Issuer, in consideration of the grant by the Issuer of a security interest in exchange for the Receivables and the other property included in the Trust Estate, simultaneously with the assignment, transfer and 45 51 conveyance to the Trustee of the Receivables and the constructive delivery to the Trustee on behalf of the Noteholders of the Receivable Files and the other components of the Trust Estate, the Notes duly authenticated by the Trustee, in authorized denominations equaling in the aggregate the Maximum Facility Amount. No Note shall be entitled to any benefit under this Agreement or be valid for any purpose, unless there appears thereon a certificate of authentication substantially in the form set forth in the form of such Note attached hereto as Exhibit C, executed by the Trustee by manual or facsimile signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered under this Agreement.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

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Authentication and Delivery of the Notes. The Trustee shall cause cause, the Notes, in authorized denominations equaling in the aggregate the Initial Fixed Rate Note Balance, to be authenticated and delivered to or upon the written order of the Issuer, in consideration of the grant by the Issuer of a security interest in the Receivables and the other property included in the Trust Estate, simultaneously with the assignment, transfer and 45 51 conveyance Grant to the Trustee of the Receivables and the constructive delivery to the Trustee on behalf of the Noteholders Schedule of the Receivable Files Initial Receivables and the other components of the Trust Estate, and after the Notes duly authenticated receipt by the Trustee, Trustee from the Initial Noteholders of the cash referred to in authorized denominations equaling in the aggregate the Maximum Facility AmountSection 6.01(b) above. No Note shall be entitled to any benefit under this Agreement Indenture or be valid for any purpose, unless there appears thereon a certificate of authentication substantially in the form set forth in the form of such Note attached hereto as Exhibit C, executed by the Trustee by manual or facsimile signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered under this AgreementIndenture.

Appears in 1 contract

Samples: Indenture (Oakwood Homes Corp)

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