Book-Entry Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of a typewritten Trust Certificate or Trust Certificates representing Book-Entry Trust Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by or on behalf of the Trust. Such Book-Entry Trust Certificate or Trust Certificates shall initially be registered on the Certificate Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no beneficial owner (other than the Seller) will receive a definitive Trust Certificate representing such beneficial owner's interest in such Trust Certificate, except as provided in Section 3.16. Unless and until Definitive Trust Certificates have been issued to beneficial owners pursuant to Section 3.16:
Appears in 3 contracts
Samples: Trust Agreement (Chec Asset Receivables Corp), Trust Agreement (Avco Abs Receivables Corp), Trust Agreement (Chec Asset Receivables Corp)
Book-Entry Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of a typewritten Trust Certificate or Trust Certificates representing Book-Entry Trust Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by or on behalf of the Trust. Such Book-Entry Trust Certificate or Trust Certificates shall initially be registered on the Certificate Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no beneficial owner (other than the Seller) Initial Beneficial Holder will receive a definitive Trust Certificate representing such beneficial owner's interest in such Trust Certificate, except as provided in Section 3.163.12. Unless and until Definitive Trust Certificates have been issued to beneficial owners pursuant to Section 3.163.12:
Appears in 2 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)
Book-Entry Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of a typewritten Trust Certificate or Trust Certificates representing Book-Entry Trust Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by or on behalf of the Trust. Such Book-Entry Trust Certificate or Trust Certificates shall initially be registered on the Certificate Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no beneficial owner (other than the Seller) Initial Beneficial Holder will receive a definitive Trust Certificate representing such beneficial owner's ’s interest in such Trust Certificate, except as provided in Section 3.163.12. Unless and until Definitive Trust Certificates have been issued to beneficial owners pursuant to Section 3.163.12:
Appears in 1 contract
