Common use of Disposition by Seller Clause in Contracts

Disposition by Seller. On and after the Closing Date, the Seller shall retain beneficial and record ownership of Certificates representing at least 1% of the Certificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Seller below 1% of the Certificate Balance shall be void. The Owner Trustee shall cause any Certificate issued to the Seller to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE". Certificates issued to the Seller shall be in definitive form only.

Disposition by Seller. On and after the Closing Date, the Seller shall retain beneficial and record ownership of Class C Certificates representing at least 1% of the Aggregate Certificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Seller below 1% of the Aggregate Certificate Balance shall be void. The Owner Trustee shall cause any Certificate issued to the Seller to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE". Certificates issued to the Seller shall be in definitive form only.

Disposition by Seller. On and after the Closing Date, --------------------- the Seller shall retain beneficial and record ownership of Certificates representing at least 1% of the Certificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Seller below 1% of the Certificate Balance shall be void. The Owner Trustee shall cause any Certificate issued to the Seller to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE". Certificates issued to the Seller shall be in definitive form only.