Common use of Execution, Authentication and Delivery of Trust Certificates Clause in Contracts

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed and authenticated by the Owner Trustee and delivered to or upon the written order of the Depositor, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New York, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Regions Auto Receivables Trust 2003-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Trust Agreement (Regions Auto Receivables Trust 2002-1)

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Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed and on behalf of the Trust, authenticated by the Owner Trustee and delivered to or upon the written order of the Depositor, signed by the Owner Trustee on behalf of the Trust, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New York, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee Trust and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 2 contracts

Samples: Trust Agreement (National City Auto Receivables Trust 2002-A), Trust Agreement (National City Auto Receivables Trust 2004-A)

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed and on behalf of the Trust, authenticated by the Owner Trustee and delivered to or upon the written order of the Depositor, signed by the Trustee on behalf of the Trust, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New YorkJPMorgan Chase Bank, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee Trust and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1)

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed on behalf of the Trust and authenticated by the Owner Trustee on behalf of the Trust and delivered to or upon the written order of the Depositor, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder the related Certificateholder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New York, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (Ml Asset Backed Corp)

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed on behalf of the Trust and authenticated by the Owner Trustee on behalf of the Trust and delivered to or upon the written order of the DepositorXxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder the related Certificateholder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New York, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1)

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Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed on behalf of the Trust and authenticated by the Owner Trustee on behalf of the Trust and delivered to or upon the written order of the Depositor, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New YorkWells Fargo Bank, National Association, as the Owner Trustee's authenticating authxxxxxating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2)

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed on behalf of the Trust and authenticated by the Owner Trustee on behalf of the Trust and delivered to or upon the written order of the Depositor, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New YorkWells Fargo Bank, National Associxxxxx, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1)

Execution, Authentication and Delivery of Trust Certificates. On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate Percentage Interest equal to 100% to be executed on behalf of the Trust and authenticated by the Owner Trustee on behalf of the Trust and delivered to or upon the written order of the Depositor, without further action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefit under this Agreement or be valid for any purpose unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or The Bank of New YorkJPMorgan Chase Bank, as the Owner Trustee's authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that such Trust Certificate shall have been duly authenticated and delivered hereunder. All Trust Certificates shall be dated the date of their authentication. When a Trust Certificate is duly executed and issued by the Owner Trustee and duly authenticated in accordance with this Agreement, the Trust Certificate will be fully paid, validly issued, nonassessable and entitled to the benefits of this Agreement.

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

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