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

Initial Capital Contribution of 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, 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 shall pay organizational expenses of the Trust as they may arise.

Appears in 13 contracts

Samples: Trust Agreement (Ml Asset Backed Corp), Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (Advanta Automobile Receivables Trust 1997-2)

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Initial Capital Contribution of 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, as Depositor of the date hereof, sum of the foregoing contribution, $1,000 which contribution shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 11 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $110. The Owner Trustee hereby acknowledges receipt in trust from the 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 AccountProperty. The Depositor shall pay organizational expenses of the Trust as they may arisearise 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 (Olympic Receivables Finance Corp), Trust Agreement (Arcadia Receivables Finance Corp), Trust Agreement (Arcadia Receivables Finance Corp)

Initial Capital Contribution of Trust Estate. The Depositor 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 $11,000 and one share of Class SV Preferred Stock of the Depositor. The Owner Trustee hereby acknowledges receipt in trust from the 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 Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 7 contracts

Samples: Trust Agreement (Household Automotive Trust 2001-1), Trust Agreement (Household Automotive Trust Iv Series 2000-1), Trust Agreement (Household Auto Receivables Corp)

Initial Capital Contribution of 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, 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 shall pay organizational expenses of the Trust as they may arise.

Appears in 6 contracts

Samples: Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Mellon Auto Receivables Corp), Trust Agreement (Ace Securities Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Eligible Lender Trustee, as of the date hereof, the sum of $110.00. The Owner Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, Depositor of the foregoing contribution, which shall constitute the initial Owner 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.

Appears in 4 contracts

Samples: Trust Agreement (Crestar Bank /Va), Trust Agreement (PNC Bank National Association/), Trust Agreement (Crestar Bank /Va)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner TrusteeTrust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, 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 Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 2 contracts

Samples: Trust Agreement (Salomon Br Mor Sec Vii Inc Series 1998-11), Trust Agreement (C-Bass Mortgage Loan as-BCK Nt Sal Mort Ln Tr Ser 2001-Cb4)

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Initial Capital Contribution of Trust Estate. The Depositor 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 $11 and one share of Class SV Preferred Stock of the Depositor. The Owner Trustee hereby acknowledges receipt in trust from the 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 Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 1 contract

Samples: Trust Agreement (Household Auto Receivables Corp)

Initial Capital Contribution of 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, 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 shall pay organizational expenses Owner trustee is hereby authorized and directed to execute and file a certificate of trust with the Trust as they may ariseDelaware Secretary of State in the form attached hereto.

Appears in 1 contract

Samples: Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

Initial Capital Contribution of Trust Estate. The Depositor Seller 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, Seller 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 Seller shall pay all organizational expenses of the Trust as they may arise.

Appears in 1 contract

Samples: Trust Agreement (Money Store Commercial Mortgage Inc)

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