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

Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on the Closing Date, to cause the Trust Certificates representing 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated and delivered, without further corporate action by the Depositors, to the Owners set forth on Schedule I. No Trust Certificate shall entitle its holder to any benefit under this Agreement, or shall be valid for any purpose, unless there shall appear on such Trust Certificate a certificate of authentication substantially in the form set forth in Exhibits A and B, executed by the Owner Trustee or the 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 (American Business Financial Services Inc /De/)

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Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated and delivereddelivered 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 DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the 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: Trust Agreement (BMW Fs Securities LLC)

Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated and delivereddelivered 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 DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the 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 (Hyundai Abs Funding Corp)

Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated and delivereddelivered 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 DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the Administrator[______________], as the Owner Trustee's authenticating agentAuthenticating 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 (Hyundai Abs Funding Corp)

Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated by or on behalf of the Trust and delivereddelivered to or upon the written order of the Depositor, without further corporate action by the DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the Administrator[_______________], as the Owner Trustee's Trust’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. [_______________] is hereby appointed as an authenticating agent on behalf of the Trust.

Appears in 1 contract

Samples: Trust Agreement (BMW Fs Securities LLC)

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Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated by or on behalf of the Trust and delivereddelivered to or upon the written order of the Depositor, without further corporate action by the DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the Administrator[______________], as the Owner TrusteeTrust'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. [______________] is hereby appointed as an authenticating agent on behalf of the Trust.

Appears in 1 contract

Samples: Trust Agreement (BMW Fs Securities LLC)

Execution, Authentication and Delivery of Trust Certificates. The Owner Trustee is hereby directed, on On the Closing Date, to the Owner Trustee shall cause the Trust Certificates representing in an aggregate Certificate Percentage Interest equal to 100% of the Preferred Percentage Interests and the Residual Percentage Interests of the Trust to be executed on behalf of the Trust, authenticated by or on behalf of the Trust and delivereddelivered to or upon the written order of the Depositor, without further corporate action by the DepositorsDepositor, to the Owners set forth on Schedule I. in authorized denominations. No Trust Certificate shall entitle its holder Holder to any 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 Exhibits A and BExhibit A, executed by the Owner Trustee or the Administrator[__________], as the Owner Trustee's Trust’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. [__________] is hereby appointed as an authenticating agent on behalf of the Trust.

Appears in 1 contract

Samples: Trust Agreement (BMW Fs Securities LLC)

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