Form of the Certificates. (a) The Certificates (other than the Certificates issued pursuant to Section 3.10 to and held by the Seller or its affiliates) shall be issued in denominations of at least $2,500,000 (or such other amount as the Seller may determine in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 of the Code, but in no event less than $250,000). The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
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Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust Xi), Trust Agreement (Superior Wholesale Inventory Financing Trust Xii), Trust Agreement (Wholesale Auto Receivables Corp)
Form of the Certificates. (a) The Certificates shall be substantially in one of the forms set forth as Exhibit A-1 or A-2, as applicable (other than the Certificates issued pursuant to Section 3.10 to collectively, "Exhibit A"), and held by the Seller or its affiliates) shall be issued in minimum denominations of at least $2,500,000 (or such other amount as the Seller 20,000 and integral multiples of $1,000 in excess thereof; provided, however, that one Certificate may determine be issued in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 of the Code, but in no event less than $250,000)denomination that includes any residual amount. The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
Appears in 3 contracts
Samples: Trust Agreement (Capital Auto Receivables Inc), Trust Agreement (Capital Auto Receivables Inc), Trust Agreement (Capital Auto Receivables Inc)
Form of the Certificates. (a) The Certificates shall be substantially in one of the forms set forth as Exhibit A-1 or A-2, as applicable (other than the Certificates issued pursuant to Section 3.10 to collectively, "Exhibit A"), and held by the Seller or its affiliates) shall be issued in minimum denominations of at least $2,500,000 (or such other amount as the Seller 20,000 and integral multiples of $1,000 in excess thereof; provided, however, that one Certificate may determine be issued in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 of the Code, but in no event less than $250,000)denomination that includes any residual amount. The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
Appears in 2 contracts
Samples: Trust Agreement (Capital Auto Receivables Inc), Trust Agreement (Capital Auto Receivables Inc)
Form of the Certificates. (a) The Certificates (other than shall be substantially in the Certificates issued pursuant to Section 3.10 to form set forth in Exhibit A and held by the Seller or its affiliates) shall be issued in minimum denominations of $20,000 and in integral multiples of $1,000 in excess thereof; provided, however, that (a) Certificates may be issued to the holder of the GP Interest pursuant to Section 2.7 in such denominations as to represent at least $2,500,000 (or such other amount as the Seller may determine in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 1% of the Code, but initial Certificate Balance and (b) one Certificate may be issued in no event less a denomination other than an integral multiple of $250,000). The Certificates shall represent the entire beneficial interest in the Trust1,000. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid valid and non-assessable beneficial interests in binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
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Form of the Certificates. (a) The Certificates (other than the Certificates issued pursuant to Section 3.10 to and held by the Seller Depositor or its affiliates) shall be issued in denominations of at least $2,500,000 (or such other amount as the Seller Depositor may determine in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 of the Code, but in no event less than $250,000). The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
Appears in 1 contract
Form of the Certificates. (a) The Certificates (other than the Certificates issued pursuant to Section 3.10 to and held by the Seller Depositor or its affiliates) shall be issued in denominations of at least $2,500,000 (or such other amount as the Seller Depositor may determine in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 of the Code, but in no event less than $250,0002,500,000). The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
Appears in 1 contract
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)
Form of the Certificates. (a) The Certificates (other than shall be substantially in the Certificates issued pursuant to Section 3.10 to form set forth in Exhibit A and held by the Seller or its affiliates) shall be issued in minimum denominations of $20,000 and in integral multiples of $1,000 in excess thereof; provided, however, that (a) Certificates shall be issued to the holder of the AO Interest pursuant to Section 2.7 in such denominations as to represent at least $2,500,000 (or such other amount as the Seller may determine in order to prevent the Trust from being treated as a “publicly traded partnership” under Section 7704 1% of the Code, but initial Certificate Balance and (b) one Certificate may be issued in no event less a denomination other than an integral multiple of $250,000). The Certificates shall represent the entire beneficial interest in the Trust1,000. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid valid and non-assessable beneficial interests in binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
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Form of the Certificates. (a) The Certificates (other than shall be substantially in the Certificates issued pursuant to Section 3.10 to form set forth in Exhibit A and held by the Seller or its affiliates) shall be issued in denominations of at least $2,500,000 [ $ ] or greater (or such other amount as the Seller may determine in order orer to prevent the Trust from being treated as a “"publicly traded partnership” " under Section 7704 of the Code, but in no event less than $250,000). The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by trust.form.01.wpd - 4 - manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-non- assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates.
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