Certificate Depository. The depository from time to time selected by the Administrator on behalf of the Trust in whose name the Certificates are registered while Book-Entry Certificates are outstanding. Unless otherwise directed by the Administrator, the first Certificate Depository upon issuance of Book-Entry Certificates shall be Cede & Co., the nominee of the initial Clearing Agency. Certificate Depository Agreement: The letter, dated as of the date Book-Entry Certificates are issued, by the Issuing Entity to The Depository Trust Company, as the initial Clearing Agency relating to the Book-Entry Certificates, as the same may be amended and supplemented from time to time.
Appears in 4 contracts
Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Servicing Agreement (Ally Auto Receivables Trust 2015-2)
