Common use of Form of the Certificate Clause in Contracts

Form of the Certificate. Each Certificate, upon issuance, will be issued in the form of a typewritten Certificate representing a definitive Certificate, substantially in the form of Exhibit A hereto. The Certificates shall be issued in minimum Percentage Interests of 5%. The Issuer shall not issue any Certificate that would cause the aggregate Percentage Interests to exceed 100%. The Owner Trustee shall execute and authenticate or cause to be authenticated, each Certificate in accordance with the written instructions of the Seller.

Appears in 4 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

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Form of the Certificate. Each Certificate, upon issuance, will be issued in the form of a typewritten Certificate representing a definitive Certificate, substantially in the form of Exhibit A hereto. The Certificates shall be issued in minimum Percentage Interests of 52%. The Issuer shall not issue any Certificate that would cause the aggregate Percentage Interests to exceed 100%. The Owner Trustee shall execute and authenticate or cause to be authenticated, each Certificate in accordance with the written instructions of the Seller.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables LLC)

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Form of the Certificate. Each Certificate, upon issuance, will be issued in the form of a typewritten Certificate representing a definitive Certificate, substantially in the form of Exhibit A hereto. The Certificates shall be issued in minimum Percentage Interests of 5[ ]%. The Issuer shall not issue any Certificate that would cause the aggregate Percentage Interests to exceed 100%. The Owner Trustee shall execute and authenticate or cause to be authenticated, each Certificate in accordance with the written instructions of the Seller.

Appears in 1 contract

Samples: Trust Agreement (Santander Drive Auto Receivables LLC)

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