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)
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)
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)