Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 48 contracts
Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2023-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor Trust Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorTrust Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Trust Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 42 contracts
Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2024-A), Trust Agreement (Harley-Davidson Motorcycle Trust 2024-A), Trust Agreement (Harley-Davidson Motorcycle Trust 2023-B)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001 previously delivered. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in Estate. Notwithstanding Section 8.01 hereof, the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 29 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2016-A), Trust Agreement (World Omni Auto Receivables Trust 2016-A), Trust Agreement (World Omni Auto Receivables LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 28 contracts
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust Xii), Trust Agreement (Superior Wholesale Inventory Financing Trust Ix), Trust Agreement (Superior Wholesale Inventory Financing Trust X)
Initial Capital Contribution of Owner Trust Estate. The Transferor Trust Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001,000. The Owner Trustee hereby acknowledges receipt in trust from the TransferorTrust Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Trust Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 24 contracts
Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2004-2), Trust Agreement (Harley Davidson Customer Funding Corp), Trust Agreement (Harley Davidson Customer Funding Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 21 contracts
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Trust Agreement (Wholesale Auto Receivables Corp), Trust Agreement (Premier Auto Trust 1997-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Deposit Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 15 contracts
Samples: Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (Daimlerchrysler Auto Trust 2000 A)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 12 contracts
Samples: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 11 contracts
Samples: Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Receivables Corp), Trust Agreement (WFS Receivables Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor or the Company shall pay reasonable organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 9 contracts
Samples: Trust Agreement (Empire Funding Home Loan Owner Trust 1997-4), Owner Trust Agreement (Painewebber Mortgage Acceptance Corporation Iv), Agreement (Empire Funding Home Loan Owner Trust 1998-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Deposit Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 9 contracts
Samples: Trust Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Trust Agreement (Daimlerchrysler Auto Trust 2004-C), Trust Agreement (Daimlerchrysler Auto Trust 2004-B)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sells, assignsassigns and transfers to the Trust, transfers, and conveys and sets over to the Owner Trustee, on behalf of the Trust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 8 contracts
Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Retail Rec Corp Navistar Fin 04 a Own Tr)
Initial Capital Contribution of Owner Trust Estate. The Transferor Company hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorCompany, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Company shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 7 contracts
Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Bond Securitization LLC), Trust Agreement (Bond Securitization LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001,000.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 7 contracts
Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2001-3 Owner Trust), Trust Agreement (American Honda Receivables Corp Honda Auto Re 2001-2 Own Tr)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 7 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Onyx Acceptance Financial Corp), Trust Agreement (Toyota Motor Credit Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsPursuant to the Original Trust Agreement, assignsthe Depositor sold, transfersassigned, conveys transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trust the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofof the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 6 contracts
Samples: Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He2), Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1), Trust Agreement (First Horizon Asset Securities Inc)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Company shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 6 contracts
Samples: Trust Agreement (Mego Financial Corp), Trust Agreement (Mego Mortgage Corp), Trust Agreement (Mego Mortgage Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsPursuant to the Original Trust Agreement, assignsthe Depositor assigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofthereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofthereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Residual Interest Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 5 contracts
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00[_____________]. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 5 contracts
Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (Morgan Stanley Abs Capital I Inc)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner TrusteeTrust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 5 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (First Horizon Asset Securities Inc), Trust Agreement (Terwin Securitization LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Beneficiary hereby sellsconfirms the assignment, assignstransfer, transfers, conveys conveyance and sets setting over to the Owner Trustee, as of the date hereofOriginal Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorBeneficiary, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Transferor Beneficiary shall pay organizational expenses of the Issuer Owner Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust), Trust Agreement (Chase Issuance Trust)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Deposit Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (DaimlerChrysler Financial Services Americas LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sells, assignsassigns and transfers to the Trust, transfers, and conveys and sets over to the Owner Trustee, on behalf of the Trust, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor or the Company shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Firstplus Investment Corp), Trust Agreement (Firstplus Investment Corp), Trust Agreement (Preferred Securitization Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of December 8, assigns2000, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2001 2), Trust Agreement (Mmca Auto Owner Trust 2001 2), Trust Agreement (Mmca Auto Owner Trust 2001-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00200. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 4 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Lease Trust 2004-A)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys conveys, and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Certificateholders shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Deposit Trust Agreement (Ocwen Mortgage Loan Trust Ass Back Notes Ser 1998-Oac1/), Deposit Trust Agreement (Ocwen Mortgage Loan Trust Ass Back Notes Ser 1998-Oac1/), Deposit Trust Agreement (Financial Asset Securities Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2017-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2017-3), Trust Agreement (GM Financial Automobile Leasing Trust 2017-3), Trust Agreement (GM Financial Automobile Leasing Trust 2017-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (Alliance Laundry Systems LLC), Trust Agreement (Alliance Laundry Systems LLC), Trust Agreement (Alliance Laundry Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.]
Appears in 3 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 20 - Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, on behalf of the Trust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner TrusteeTrust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner corpus of the Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement (Citigroup Mortgage Loan Trust 2005-6), Trust Agreement (Citigroup Mortgage Loan Trust 2005-11)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsPursuant to the Trust, assignsthe Depositor has sold, transfersassigned, conveys transferred and sets set over to the Owner Trustee, Trustee as of the date hereofthereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofthereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Renaissance Mortgage Acceptance Corp), Trust Agreement (Renaissance Mortgage Acceptance Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of October 1, assigns1999, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables Trust)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2015-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2015-1), Trust Agreement (GM Financial Automobile Leasing Trust 2015-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2019-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2023-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-3), Trust Agreement (GM Financial Automobile Leasing Trust 2023-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2018-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2018-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor Company hereby sells, assigns, transfers, conveys conveys, and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorCompany, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Certificateholders shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Deposit Trust Agreement (Residential Resources Inc), Deposit Trust Agreement (Union Planters Mortgage Finance Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2021-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-1), Trust Agreement (GM Financial Automobile Leasing Trust 2021-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2015-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contributioncontributions, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Home Equity Securitization Corp), Trust Agreement (Residential Asset Funding Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2022-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-2), Trust Agreement (GM Financial Automobile Leasing Trust 2022-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2020-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-3), Trust Agreement (GM Financial Automobile Leasing Trust 2020-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2016-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2017-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2021-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-2), Trust Agreement (GM Financial Automobile Leasing Trust 2021-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of September 10, assigns2002, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2002-5), Trust Agreement (Mmca Auto Owner Trust 2002-5)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2019-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2019-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2018-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2018-1)
Initial Capital Contribution of Owner Trust Estate. The Pursuant to the Trust Sale and Servicing Agreement, on the date hereof, the Transferor hereby sellswill sell, assignsassign, transferstransfer, conveys convey and sets set over to the Owner Trustee, as of the date hereof, assets specified in the sum of $1.00Trust Sale and Servicing Agreement. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Volkswagen Dealer Finance LLC), Trust Agreement (Wodfi LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2016-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of August 20, assigns2002, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2002-4), Trust Agreement (Mmca Auto Owner Trust 2002-4)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of January 2, assigns2002, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Owner Trust 2002-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2020-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-2), Trust Agreement (GM Financial Automobile Leasing Trust 2020-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2021-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-3), Trust Agreement (GM Financial Automobile Leasing Trust 2021-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2024-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-1), Trust Agreement (GM Financial Automobile Leasing Trust 2024-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2020-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: GM Financial Automobile Leasing Trust 2020-1, GM Financial Automobile Leasing Trust 2020-1
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2016-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2015-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2018-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2018-2), Trust Agreement (GM Financial Automobile Leasing Trust 2018-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2017-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2017-2), Trust Agreement (GMF Leasing LLC)
Initial Capital Contribution of Owner Trust Estate. The Pursuant to the Trust Sale and Servicing Agreement, the Transferor hereby sellshas sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereof, assets specified in the sum of $1.00Trust Sale and Servicing Agreement. The Owner Trustee hereby acknowledges has acknowledged receipt in trust from the Transferor, as of the date hereofAugust 3, 2000, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor shall continue to pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Volkswagen Credit Auto Master Owner Trust), Trust Agreement (Volkswagen Dealer Finance LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. $ The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (WFS Receivables Corp 4), Trust Agreement (WFS Receivables Corp 3)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2023-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-2), Trust Agreement (GM Financial Automobile Leasing Trust 2023-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2023-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-1), Trust Agreement (GM Financial Automobile Leasing Trust 2023-1)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2024-2 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-2)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee. SECTION 2.06.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $[1.00]. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sellssold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofApril 17, 2002, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereofApril 17, 2002, of the foregoing contribution, which shall constitute constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor -------------------------------------------------- Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (MCG Capital Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (SWIFT Master Auto Receivables Trust)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor or the Transferor shall pay reasonable organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Agreement (Life Financial Home Loan Owner Trust 1997-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sellssold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofJanuary 7, 2003, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereofJanuary 7, 2003, of the foregoing contribution, which shall constitute constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsPursuant to the Original Trust Agreement, assignsthe Depositor assigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofthereof, the sum of $1.001 (the "Certificate Balance"). The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofthereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Company shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner TrusteeTrustee or the Bank, as the case may be.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsthe Depositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Deposit Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (Chrysler Financial Services Americas LLC)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner TrusteeTrust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner corpus of the Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Certificateholder shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (Citigroup Mortgage Loan Trust 2006-Ar1)
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner TrusteeTrust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Payment Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of March 10, assigns2005, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Company hereby sells, assigns, transfers, conveys conveys, and sets over to the Owner Trustee, as of the date hereof, the sum of [$1.001]. The Owner Trustee hereby acknowledges receipt in trust from the TransferorCompany, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Certificateholders shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Deposit Trust Agreement (Union Planters Home Equity Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of October 15, assigns2004, transfersthe Depositor assigned, conveys transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.001,000. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute amounts constituted the initial Owner Trust Estate and shall be were deposited in the Certificate Distribution Payment Account. The Transferor Depositor shall pay the organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2022-3 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-3)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sellssold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofJuly 26, 2002, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereofJuly 26, 2002, of the foregoing contribution, which shall constitute constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 2022-1 Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-1)
Initial Capital Contribution of Owner Trust Estate. The -------------------------------------------------- Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sellssold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofJanuary 16, 2002, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereofJanuary 16, 2002, of the foregoing contribution, which shall constitute constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of October 7, assigns2004, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsAs of July 12, assigns2004, transfersthe Depositor sold, conveys assigned, transferred, conveyed and sets set over to the Owner Trustee, as of the date hereof, Trustee the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Depositor shall pay reasonable organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (American Business Financial Services Inc /De/)
Initial Capital Contribution of Owner Trust Estate. The Transferor Seller hereby sellssold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofMay 30, 2003, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorSeller, as of the date hereofMay 30, 2003, of the foregoing contribution, which shall constitute constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Account. The Transferor Seller shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Transferor Depositor or the Servicer shall pay reasonable organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereof, of the foregoing contribution, which shall will constitute the initial Owner Trust Estate and shall will be deposited in the Certificate Distribution Account. The Transferor shall Depositor will pay organizational expenses of the Issuer Trust as they may arise or shallwill, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereof________, 20__, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositor, as of the date hereofsuch date, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositor shall pay organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Owner Trust Estate. The Transferor hereby sellsDepositor has previously sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Owner Trustee, as of the date hereofof the Original Trust Agreement, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereofDepositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution 20__-_ Exchange Note Collections Account. The Transferor Depositor shall pay organizational expenses of the Issuer Securitization Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (ACAR Leasing Ltd.)
Initial Capital Contribution of Owner Trust Estate. The Transferor Each Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the TransferorDepositors, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor Depositors shall be jointly and severally liable for, and shall pay the organizational expenses of the Issuer Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
Appears in 1 contract