Common use of Depositor as Certificateholder Clause in Contracts

Depositor as Certificateholder. On the Closing Date, the Depositor shall acquire the Certificate representing the undivided beneficial interest in the Trust and, thereafter, shall retain beneficial and record ownership of the Certificate representing such undivided beneficial interest in the Trust. Any attempted transfer of any Certificate that would reduce such interest of the Depositor shall be void. The Owner Trustee shall cause any Certificate issued to the Depositor to contain a legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE”.

Depositor as Certificateholder. On the Closing Date, the Depositor shall acquire the Certificate representing 100% of the undivided beneficial interest in the Trust initial Certificate Balance and, thereafter, shall retain beneficial and record ownership of the Certificate representing such undivided beneficial interest in 100% of the TrustCertificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Depositor below 100% of the Certificate Balance shall be void. The Owner Trustee shall cause any Certificate issued to the Depositor to contain a legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE”.

Depositor as Certificateholder. On the Closing Date, the Depositor shall acquire the Certificate representing 100% of the undivided beneficial interest in the Trust initial Certificate Balance and, thereafter, shall retain beneficial and record ownership of the Certificate representing such undivided beneficial interest in 100% of the TrustCertificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Depositor below 100% of the Certificate Balance shall be void. The Owner Trustee shall cause any Certificate issued to the Depositor to contain a legend stating “"THIS CERTIFICATE IS NOT TRANSFERABLE”".