Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates, the Transferor shall be the sole beneficiary of the Trust.
Appears in 12 contracts
Samples: Trust Agreement (Long Beach Acceptance Receivables Corp. II), Trust Agreement (Long Beach Acceptance Receivables Corp.), Trust Agreement
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 2.06 and until the issuance of the Trust Certificates, the Transferor shall be the sole beneficiary of the Trust.
Appears in 5 contracts
Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Lease Trust 2003-A)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates2.05, the Transferor shall be the sole beneficiary Owner of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Household Consumer Loan Corp Ii), Trust Agreement (Hrsi Funding Inc Ii)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor Depositor pursuant to Section 2.5 and until the issuance of the CertificatesTransferor Interest (as defined below), the Transferor shall be the sole beneficiary owner of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Chec Funding LLC), Trust Agreement (Renaissance Mortgage Acceptance Corp), Trust Agreement (Chec Funding LLC)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates, Certificate the Transferor shall be the sole beneficiary of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Trust Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B), Trust Agreement (Long Beach Acceptance Receivables Corp.)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor Depositor pursuant to Section 2.5 and until the issuance of the Certificates2.5, the Transferor shall be the sole beneficiary owner of the Trust.
Appears in 3 contracts
Samples: Trust Agreement (Household Mortgage Funding Corp Iii), Trust Agreement (Bond Securitization LLC), Trust Agreement (Fleet Home Equity Loan Corp)
Initial Ownership. Upon the formation of the Trust by through the contribution by the Transferor Depositor pursuant to Section 2.5 and until the issuance of the Certificates2.5, the Transferor shall be the sole beneficiary beneficial owner of the Trust.
Appears in 3 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Terwin Securitization LLC), Trust Agreement (First Horizon Asset Securities Inc)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates, Certificate to the initial Certificateholder the Transferor shall be the sole beneficiary of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (United Fidelity Auto Receivables Trust 2002-A), Trust Agreement (United Fidelity Finance LLC)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 Article III and until the issuance of the CertificatesCertificate to the initial Certificateholder, the Transferor shall be the sole beneficiary of the Trust.
Appears in 2 contracts
Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Securitization Corp)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 Article III and until the issuance of the CertificatesCertificates to the initial Certificateholders, the Transferor shall be the sole beneficiary of the Trust.
Appears in 2 contracts
Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Deposit CORP)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor Depositor pursuant to Section 2.5 and until the issuance of the Certificates2.5, the Transferor shall be the sole beneficiary beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002-2), Trust Agreement (HFC Revolving Corp)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the CertificatesTrust, the Transferor shall be the sole beneficiary Owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I)
Initial Ownership. Upon the formation of the Trust by the ----------------- contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates2.05, the Transferor shall be the sole beneficiary Owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I)
Initial Ownership. Upon the formation of the Trust by the ----------------- contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates2.05, the Transferor shall be the sole beneficiary beneficial Owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Household Credit Card Master Note Trust I)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 Article III and until the issuance of the CertificatesCertificate to the initial Certificateholder, the Transferor shall be the sole beneficiary of the Trust.. TRUST AND SERVICING AGREEMENT 58
Appears in 1 contract
Samples: Trust and Servicing Agreement (Bay View Transaction Corp)
Initial Ownership. Upon the formation of the Trust by the contribution by the Transferor pursuant to Section 2.5 and until the issuance of the Certificates2.5, the Transferor shall be the sole beneficiary of the Trust.
Appears in 1 contract
Samples: Trust Agreement (CDF Funding, Inc.)
