Common use of Execution and Delivery of Owner Trust Certificates Clause in Contracts

Execution and Delivery of Owner Trust Certificates. The Owner Trustee shall, on the date hereof, execute and cause to be authenticated and delivered to and upon the order of the Depositor, the Owner Trust Certificates in authorized denominations evidencing the entire beneficial ownership of the Trust. The rights of the Certificateholders to receive distributions from the proceeds of the Trust in respect of the Owner Trust Certificates shall be as set forth in this Agreement.

Appears in 1 contract

Samples: Indenture (Delta Financial Corp)

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