Execution, Authentication and Delivery of the Ownership Certificate. Concurrently with the sale of the Collateral to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause the Ownership Certificate issued hereunder to be executed and authenticated on behalf of the Trust and authenticated and delivered to the Initial Holder or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor. The Ownership Certificate shall not entitle its Holder to any benefits under this Agreement or be valid for any purpose unless there shall appear on such Ownership Certificate a certificate of authentication substantially in the form set forth in Exhibit A hereto, executed by the Certificate Registrar, as the Owner Trustee’s authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Ownership Certificate shall have been duly authenticated and delivered hereunder. An Ownership Certificate shall be dated the date of its authentication.
Appears in 13 contracts
Samples: Trust Agreement (Homebanc Corp), Trust Agreement (Homebanc Corp), Trust Agreement (Homebanc Corp)
Execution, Authentication and Delivery of the Ownership Certificate. Concurrently with the sale of the Collateral to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause the Ownership Certificate issued hereunder to be executed and authenticated on behalf of the Trust and authenticated and delivered to the Initial Holder or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor. The Ownership Certificate shall not entitle its Holder to any benefits under this Agreement or be valid for any purpose unless there shall appear on such Ownership Certificate a certificate of authentication substantially in the form set forth in Exhibit A hereto, executed by the Certificate RegistrarOwner Trustee or the Administrator, as the Owner Trustee’s authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Ownership Certificate shall have been duly authenticated and delivered hereunder. An Ownership Certificate shall be dated the date of its authentication.
Appears in 3 contracts
Samples: Trust Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Trust Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Trust Agreement (Sasco Mortgage Loan Trust Series 2003-Gel1)
Execution, Authentication and Delivery of the Ownership Certificate. Concurrently with the sale of the Collateral Mortgage Loans to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause the Ownership Certificate issued hereunder to be executed and authenticated on behalf of the Trust and authenticated and delivered to the Initial Holder or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor. The Ownership Certificate shall not entitle its Holder the Ownership Certificateholder to any benefits benefit under this Agreement or nor shall it be valid for any purpose unless there shall appear on such the Ownership Certificate a certificate of authentication substantially in the form set forth in as part of Exhibit A hereto, executed by the Certificate Registrar, as the Owner Trustee’s authenticating agent, by manual signature; such . Such authentication shall constitute conclusive evidence that such the Ownership Certificate shall have been duly authenticated and delivered hereunder. An The Ownership Certificate shall be dated the date of its authentication.
Appears in 2 contracts
Samples: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (First NLC Securitization, Inc.)
Execution, Authentication and Delivery of the Ownership Certificate. Concurrently with the sale of the Collateral to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause the Ownership Certificate issued hereunder to be executed and authenticated on behalf of the Trust and authenticated and delivered to the Initial Holder or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor. The Ownership Certificate shall not entitle its Holder to any benefits under this Agreement or be valid for any purpose unless there shall appear on such Ownership Certificate a certificate of authentication substantially in the form set forth in Exhibit A hereto, executed by the Certificate Registrar, as the Owner Trustee’s authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Ownership Certificate shall have been duly authenticated and delivered hereunder. An Ownership Certificate shall be dated the date of its authentication.. 201496 HomeBanc 2006-2 Trust Agreement
Appears in 1 contract
Samples: Trust Agreement (Homebanc Corp)
Execution, Authentication and Delivery of the Ownership Certificate. Concurrently with the sale of the Collateral to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause the Ownership Certificate issued hereunder to be executed and authenticated on behalf of the Trust and authenticated and delivered to the Initial Holder or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor. The Ownership Certificate shall not entitle its Holder to any benefits under this Agreement or be valid for any purpose unless there shall appear on such Ownership Certificate a certificate of authentication substantially in the form set forth in Exhibit A hereto, executed by the Certificate Registrar, as the Owner Trustee’s authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Ownership Certificate shall have been duly authenticated and delivered hereunder. An Ownership Certificate shall be dated the date of its authentication.. Trust Agreement
Appears in 1 contract
Samples: Trust Agreement (Homebanc Corp)