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

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor of the sum of $1,000 which contribution shall constitute the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor of Transferor the sum of $1,000 1, which contribution shall constitute the initial Owner Trust Estate. The Depositor Estate and shall pay organizational expenses of be deposited by the Trust as they may ariseTransferor in the Collection Account.

Appears in 4 contracts

Samples: Trust Agreement (Volkswagen Auto Lease Underwritten Funding LLC), Trust Agreement (Volkswagen Public Auto Loan Securitization LLC), Trust Agreement (Volkswagen Auto Lease Trust 2005-A)

Initial Capital Contribution of Trust Estate. The -------------------------------------------- Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor of the sum of $1,000 which contribution shall constitute the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 3 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 $1. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor Depositor, as of the sum date hereof, of $1,000 the foregoing contribution, which contribution shall constitute the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 3 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 $1. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor Depositor, as of the sum date hereof, of $1,000 the foregoing contribution, which contribution shall constitute the initial Owner Trust EstateEstate 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 (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from Simultaneous with the entry into this Agreement on the date hereof, the Depositor of hereby contributes the sum of $1,000 Trust Estate to the Trust, which contribution shall constitute the initial Owner Trust Estate. 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 2 contracts

Samples: Trust Agreement (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A)

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges prior receipt in trust from the Depositor Seller of the sum of $1,000 which contribution shall will constitute the initial Owner Trust Estate. The Depositor shall Administrator will pay organizational expenses of the Trust as they may arise.

Appears in 1 contract

Samples: Trust Agreement (Triad Automobile Receivables Trust 2002 A)

AutoNDA by SimpleDocs

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor Depositor, as of the date thereof, of the sum of $1,000 1 of the foregoing contribution, which contribution shall constitute the initial Owner Trust Estate. The Depositor Estate and shall pay organizational expenses of be deposited in the Trust as they may ariseResidual Interest Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

Initial Capital Contribution of Trust Estate. The -------------------------------------------- Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner -------------------------------------------- Trustee hereby acknowledges on behalf of the Trust, receipt in trust from the Depositor Depositor, as of the sum date hereof, of $1,000 the foregoing contribution, which contribution shall constitute the initial Owner Trust Estate. The Depositor shall pay organizational expenses assets of the Trust as they may ariseand shall be deposited in the Collection Account.

Appears in 1 contract

Samples: Trust Agreement (Lehman Abs Corp)

Initial Capital Contribution of Trust Estate. The Owner -------------------------------------------- Trustee hereby acknowledges prior receipt in trust from the Depositor Depositor, as of the date hereof, of the sum of $1,000 1 which contribution shall will constitute the initial Owner Trust Estate. The Depositor shall Servicer will pay organizational expenses of the Trust as they may arisearise or will, 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!