Common use of Initial Capital Contribution of Owner Trust Estate Clause in Contracts

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 56 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2022-A), Trust Agreement (Nissan Auto Lease Trust 2022-A)

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Initial Capital Contribution of Owner Trust Estate. The Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00such amount, which amount constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Payment Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 33 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2013-2), Trust Agreement (CarMax Auto Owner Trust 2013-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $100. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00such amount, which amount constituted the initial Owner Trust Estate and shall be was deposited in the Certificate Distribution Payment Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 31 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, the sum of $1 previously delivered. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00the foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 13 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2005-A), Trust Agreement (World Omni Auto Receivables Trust 2008-B)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Seller, as of the sum date hereof, of $1.00200, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor Seller shall pay organizational expenses of the Issuing Entity 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 Auto Trust 2004-1), Trust Agreement (Franklin Auto Trust 2004-2), Trust Agreement (Franklin Receivables Auto Trust 2003-1)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00200, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 Auto Trust 2007-1), Trust Agreement (Franklin Auto Trust 2008-A), Trust Agreement (Franklin Auto Trust 2005-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of [ ], 20 , the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of [ ], 20 , of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Assets LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of February 5, 2016, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of February 5, 2016, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Capital Auto Receivables Asset Trust 2016-1), Trust Agreement (Capital Auto Receivables Asset Trust 2016-1), Trust Agreement (Ally Auto Receivables Trust 2016-2)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of April 21, 2017, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of April 21, 2017, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Receivables Trust 2017-3), Trust Agreement (Ally Auto Receivables Trust 2017-3)

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00the foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of , 20 , the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of , 20 , of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Capital Auto Receivables LLC), Trust Agreement (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of November 5, 2019, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of November 5, 2019, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Receivables Trust 2019-4), Trust Agreement (Ally Auto Receivables Trust 2019-4)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of October 31, 2012, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of October 31, 2012, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Capital Auto Receivables Asset Trust 2013-1), Trust Agreement (Capital Auto Receivables Asset Trust 2013-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of November 22, 2011, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of November 22, 2011, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Receivables Trust 2012-1), Trust Agreement (Ally Auto Receivables Trust 2012-1)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of April 14, 2010, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of April 14, 2010, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Receivables Trust 2010-2), Trust Agreement (Ally Auto Receivables Trust 2010-2)

Initial Capital Contribution of Owner Trust Estate. The -------------------------------------------------- Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1,000. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00such amount, which constituted amount shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Payment Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC)

Initial Capital Contribution of Owner Trust Estate. As of , the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of such date, of the sum of $1.00foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Mmca Auto Receivables Trust)

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00the foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 1 contract

Samples: Trust Agreement (Fund America Investors Corp Ii)

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00the foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay the organizational expenses of the Issuing Entity 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 1 contract

Samples: Trust Agreement (Target Credit Card Owner Trust 2005-1)

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Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with Depositor, as of the Initial date of the Original Trust Agreement Agreement, of the sum of $1.001, which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity as they may arise or shall, upon the request constitutes part of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner TrusteeTrust Estate.

Appears in 1 contract

Samples: Trust Agreement (M&i Auto Loan Trust 2002-1)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in (NALT 2007-A Amended and Restated Trust Agreement) the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Nissan Auto Leasing LLC Ii)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of the sum date hereof, of $1.00[ ], which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Franklin Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor has heretofor sold, assigned, transferred, conveyed or set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity Trust as they may arise or and 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 (Ally Wholesale Enterprises LLC)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Nissan Auto Leasing LLC Ii)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of ___, 20___, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of ___, 20___, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Capital Auto Receivables LLC)

Initial Capital Contribution of Owner Trust Estate. The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of ___________, 20__, the sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement Depositor, as of ___________, 20__, of the sum of $1.00, foregoing contribution which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Ally Auto Assets LLC)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with Depositor, as of the Initial Trust Agreement date hereof, of the sum of $1.001, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Bond Securitization LLC)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor Transferor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor Transferor shall pay organizational expenses of the Issuing Entity 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 (Nissan Auto Leasing LLC Ii)

Initial Capital Contribution of Owner Trust Estate. The Depositor has previously sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date of the Original Trust Agreement, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00foregoing contribution, which constituted shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Deposit Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 Auto Securitization Trust 2009-B)

Initial Capital Contribution of Owner Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in (NALT 2008-A Amended and Restated Trust Agreement) the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity 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 (Nissan-Infiniti Lt)

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