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

Execution, Authentication and Delivery of Trust Certificates. Concurrently with the sale of the Collateral to the Trust pursuant to the Sale and Servicing Agreement, the Owner Trustee shall cause any Trust Certificate issued hereunder to be executed and authenticated on behalf of the Trust and delivered to or upon the written order of the Depositor, without further corporate action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefits 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 hereto, executed by the Owner Trustee or the Trust Administrator, 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.

Appears in 2 contracts

Samples: Trust Agreement (New York Mortgage Trust 2005-2), Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1)

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Execution, Authentication and Delivery of Trust Certificates. Concurrently with the sale of the Collateral to the Trust pursuant to the Sale and Servicing Agreement, the Owner Trustee shall cause any Trust Certificate issued hereunder to be executed and authenticated on behalf of the Trust and delivered to or upon the written order of the Depositor, without further corporate action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefits 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 hereto, executed by the Owner Trustee or the Trust Administrator, 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.

Appears in 2 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6), Trust Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)

Execution, Authentication and Delivery of Trust Certificates. Concurrently with the sale initial transfer of the Collateral Mortgage Loans to the Trust pursuant to the Sale and Servicing Mortgage Loan Contribution Agreement, the Owner Trustee shall cause any the Certificates, representing 100% of the Percentage Interests of the Trust Certificate issued hereunder Interest, to be executed and authenticated on behalf of the Trust Trust, authenticated and delivered to or upon the written order Company, as the designee of the Depositor, without further corporate action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder holder to any benefits benefit under this Agreement Agreement, or shall be valid for any purpose purpose, unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A heretoA, executed by the Owner Trustee or the Trust Administrator, as the Owner Trustee’s 's authenticating agent, by manual or facsimile 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.

Appears in 2 contracts

Samples: Deposit Trust Agreement (Residential Asset Funding Corp), Deposit Trust Agreement (Residential Asset Funding Corp)

Execution, Authentication and Delivery of Trust Certificates. Concurrently with On the sale of the Collateral to the Trust pursuant to the Sale and Servicing AgreementClosing Date, the Owner Trustee shall cause any the Trust Certificates in an aggregate principal amount equal to the Initial Class [C] Certificate issued hereunder Balance to be executed and authenticated on behalf of the Trust Trust, authenticated and delivered to or upon the written order of the Depositor, signed by the Owner Trustee on behalf of the Trust, without further corporate action by the Depositor, in authorized denominations. No Trust Certificate shall entitle its Holder to any benefits 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 heretoA, executed by the Owner Trustee or the Trust Administrator[AUTHENTICATING AGENT], as the Owner Trustee’s '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.

Appears in 2 contracts

Samples: Trust Agreement (National City Bank /), Trust Agreement (Regions Acceptance LLC)

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Execution, Authentication and Delivery of Trust Certificates. Concurrently with On the sale of the Collateral to the Trust pursuant to the Sale and Servicing Agreementfirst Closing Date, the Owner Trustee shall shall, pursuant to instructions from the Depositor, cause any the Trust Certificate issued hereunder Certificates representing 100% of the Percentage Interests of the Trust to be executed and authenticated on behalf of the Trust Trust, authenticated and delivered to 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, in authorized denominations. No Trust Certificate shall entitle its Holder holder to any benefits benefit under this Agreement Agreement, or shall be valid for any purpose purpose, unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A heretoA, executed by the Owner Trustee or the Trust Administrator, as the Owner Trustee’s authenticating agent, by manual or facsimile 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.

Appears in 1 contract

Samples: Trust Agreement (Capitalsource Inc)

Execution, Authentication and Delivery of Trust Certificates. Concurrently with the sale initial transfer of the Collateral Mortgage Loans to the Trust pursuant to the Sale and Servicing Mortgage Loan Contribution Agreement, the Owner Trustee shall cause any the Certificates, representing 100% of the Percentage Interests of the Trust Certificate issued hereunder Interest, to be executed and authenticated on behalf of the Trust Trust, authenticated and delivered to or upon National Mortgage Finance Corporation ("NMFC"), as the written order of the Depositor, without further corporate action by the Depositor, in authorized denominationsCompany's designee. No Trust Certificate shall entitle its Holder holder to any benefits benefit under this Agreement Agreement, or shall be valid for any purpose purpose, unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibit A heretoA, executed by the Owner Trustee or the Trust Administrator, as the Owner Trustee’s 's authenticating agent, by manual or facsimile 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.

Appears in 1 contract

Samples: Deposit Trust Agreement (Fund America Investors Corp Ii)

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