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

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 59 contracts

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-C), Trust Agreement (Hyundai Auto Receivables Trust 2024-C), Trust Agreement (Hyundai Auto Receivables Trust 2024-B)

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Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 50 contracts

Samples: Trust Agreement (John Deere Owner Trust 2021-B), Trust Agreement (John Deere Owner Trust 2021-B), Trust Agreement (John Deere Owner Trust 2021)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, transferred conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementthereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 (BMW Vehicle Owner Trust 2023-A), Trust Agreement (BMW Vehicle Owner Trust 2023-A), Trust Agreement (BMW Vehicle Owner Trust 2022-A)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which 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 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 28 contracts

Samples: Trust Agreement (Chase Manhattan Bank Usa), Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3), Trust Agreement (Chase Credit Card Master Trust)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 20 contracts

Samples: Trust Agreement (HMB Acceptance Corp.), Deposit Trust Agreement (Banccap Asset Securization Issuance Corp), Trust Agreement (BLG Securities Company, LLC)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the 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 14 contracts

Samples: Trust Agreement, Trust Agreement (SLM Private Credit Student Loan Trust 2006-A), Trust Agreement (SLM Education Credit Funding LLC)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 (Hyundai Auto Receivables Trust 2008-A), Trust Agreement (Hyundai Auto Receivables Trust 2006-A), Trust Agreement (Hyundai Abs Funding Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor or the Company shall pay reasonable organizational expenses of the 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: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Etrade Mortgage Backed Securities Corp), Owner Trust Agreement (Hsi Asset Securitization Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of 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 Depositor shall pay organizational expenses of the 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 (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2009-A)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Property and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001 and one share of preferred stock of the Transferor. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay organizational expenses of the 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 (Hrsi Funding Inc Ii), Trust Agreement (Household Affinity Funding Corp Iii), Trust Agreement (Household Affinity Funding Corp Iii)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Beneficiary hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorBeneficiary, on as of the date of the Original Trust Agreementhereof, 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 Depositor Beneficiary shall pay organizational expenses of the 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 5 contracts

Samples: Trust Agreement (First Usa Credit Card Master Trust), Trust Agreement (First Usa Credit Card Master Trust), Trust Agreement (Chase Manhattan Bank Usa)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the The Depositor soldcontributed, assigned, transferred, conveyed and set over to the Owner Trustee, as of prior to the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, Depositor of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the 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 (Navient Funding, LLC), Trust Agreement (Navient Student Loan Trust 2015-3), Trust Agreement (Navient Student Loan Trust 2015-2)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Seller -------------------------------------------- hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Seller shall pay organizational expenses of the 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 (Spiegel Master Trust), Trust Agreement (First Consumers Master Trust), Trust Agreement (First Consumers Master Trust)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementthereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution AccountCollection Accounts. The Depositor shall pay the organizational expenses of the 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 (KeyCorp Student Loan Trust 2005-A), Trust Agreement (Key Consumer Receivables LLC), Trust Agreement (KeyCorp Student Loan Trust 2006-A)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay the organizational expenses of the 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 (Advanta Business Recievables Corp), Trust Agreement (Advanta Business Recievables Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on the date as of the Original Trust Agreementsuch date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay the organizational expenses of the 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 (Nordstrom Credit Inc), Master Indenture (Bon Ton Stores Inc)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of an amount equal to $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor shall pay organizational expenses of the 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: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate trust estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the 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, Trust Agreement (SLM Private Credit Student Loan Trust 2007-A)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001 received from the Owner. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, 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 Depositor Transferor shall pay organizational expenses of the 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 (Metlife Capital Equipment Loan Trusts), Trust Agreement (Metlife Capital Equipment Loan Trusts)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, on as of the date of 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 Depositor Seller shall pay organizational expenses of the 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 (Caterpillar Financial Asset Trust 2005-A), Trust Agreement (Caterpillar Financial Asset Trust 2004-A)

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Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which 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 Trust 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

Samples: Trust Agreement (Chase Credit Card Master Trust)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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.. 5 (2013-B Amended and Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Hyundai Abs Funding Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original The Trust AgreementDepositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Trust Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Trust Depositor shall pay organizational expenses of the 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 Trust Estate. Pursuant to the Original Trust Agreement, the The Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereofInitial Closing Date, the sum of $1.0010. The Owner Trustee acknowledges acknowledged receipt in trust from the Depositor, on the date as of the Original Trust AgreementInitial Closing Date, of the foregoing contribution, which shall constitute constituted the initial Trust Estate Property and shall be was deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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 (Arcadia Financial LTD)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay organizational expenses of the 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 (Associates Credit Card Receivables Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute constitutes the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the 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 on behalf of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Nelnet Inc)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the 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 (Efg Funding Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Assets and shall be deposited in the Equity Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any and all such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Antigua Funding Corp)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay organizational expenses of the 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 (Fifth Third Auto Trust 2004-A)

Initial Capital Contribution of Trust Estate. Pursuant to As of the date of the Original Trust Agreement, the Depositor sold, Beneficiary has assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorBeneficiary, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute amount constituted the initial Owner Trust Estate and shall be deposited in is held by the Certificate Distribution AccountOwner Trustee. The Depositor Beneficiary shall pay organizational expenses of the 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 (Wachovia Card Receivables LLC)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementAs of , 2001, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, Trustee the sum of $1.00$ . The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on the date as of the Original Trust Agreementsuch date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay the organizational expenses of the Trust 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

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001 received from the Owner. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, 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 Depositor Transferor shall pay organizational expenses of the 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 (Metlife Capital Equipment Loan Trusts)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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.. 5 (2013-C Amended and Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2013-C)

Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the 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.. 5 (2012-B Amended and Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2012-B)

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