Common use of Initial Contribution of Trust Property; Organizational Expenses Clause in Contracts

Initial Contribution of Trust Property; Organizational Expenses. The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. Pursuant to the covenant "Payment of Trust Costs and Expenses" contained in the Indenture, the Depositor, in its capacity as the issuer of the Subordinated Notes, shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Initial Contribution of Trust Property; Organizational Expenses. The Property Resident Trustee acknowledges and Administrative Trustees acknowledge receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of One Hundred Dollars ($10100) (the “Initial Contribution”), which constituted the initial Trust Property; and the Property Trustee acknowledges receipt of all Trust Property pursuant to this Agreement. Pursuant to the covenant "Payment of Trust Costs and Expenses" contained in the Indenture, the Depositor, in its capacity as the issuer of the Subordinated Notes, The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Initial Contribution of Trust Property; Organizational Expenses. The Property Resident Trustee acknowledges and Administrative Trustees acknowledge receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of One Hundred Dollars ($10100) (the "Initial Contribution"), which constituted the initial Trust Property; and the Property Trustee acknowledges receipt of all Trust Property pursuant to this Agreement. Pursuant to the covenant "Payment of Trust Costs and Expenses" contained in the Indenture, the Depositor, in its capacity as the issuer of the Subordinated Notes, The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.