Common use of ISSUANCE AND FORM OF SUBI CERTIFICATES Clause in Contracts

ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 1999-A SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999-A Residual Value Insurance Proceeds represented thereby) shall initially be represented by the HTA LP/HTB LP 1999-A SUBI Certificates, each of which shall evidence a beneficial interest in the 1999-A SUBI Assets. The HTA LP/HTB LP 1999-A SUBI Certificates shall collectively represent 100% of the beneficial interests in the 1999-A SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999-A Residual Value Insurance Proceeds represented thereby) and the 1999-A SUBI Assets. The Origination Trustee is hereby instructed to issue the HTA LP/HTB LP 1999-A SUBI Certificates, each substantially in the form of Exhibit A attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Trust Agreement, be directed by the UTI Beneficiaries. The HTA LP/HTB LP 1999-A SUBI Certificates may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Trust Agreement, be determined by the UTI Beneficiaries. The Origination Trustee is hereby directed to issue and register the HTA LP/HTB LP 1999-A SUBI Certificates in the name of the 1999-A Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI Beneficiaries, and to deliver the HTA LP/HTB LP 1999-A SUBI Certificates on the Closing Date to the 1999-A Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Honda Auto Lease Trust 1999a)

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ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 19991998-A C SUBI shall be represented by two SUBI Certificates to be issued hereunder: (excluding i) the 19991998-A C SUBI Certificate, evidencing beneficial interests in the assets of the 1998-C SUBI other than proceeds of the Residual Value Insurance Certificates Policies; and (ii) the 19991998-A C SUBI Insurance Certificate, evidencing beneficial interests in the assets of the 1998-C SUBI that are proceeds of the Residual Value Insurance Proceeds represented thereby) shall initially be represented by Policies insofar as such Insurance Policies relate to the HTA LP/HTB LP 19991998-A SUBI Certificates, each of which shall evidence a beneficial interest in C Leased Vehicles and the 19991998-A SUBI AssetsC Contracts. The HTA LP/HTB LP 19991998-A C SUBI Certificates shall Certificate and 1998-C SUBI Insurance Certificate collectively represent 100% of the beneficial interests in the 19991998-A C SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999assets of the 1998-A Residual Value Insurance Proceeds represented thereby) and the 1999C SUBI Sub-A SUBI AssetsTrust. The Origination Titling Trustee is hereby instructed to issue the HTA LP/HTB LP 19991998-A C SUBI Certificates, each Certificate and the 1998-C SUBI Insurance Certificate substantially in the form forms of Exhibit Exhibits A and B attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Titling Trust Agreement, be directed by the UTI BeneficiariesBeneficiary. The HTA LP/HTB LP 19991998-A C SUBI Certificates Certificate and the 1998-C SUBI Insurance Certificate may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Titling Trust Agreement, be determined by the UTI BeneficiariesBeneficiary. The Origination Titling Trustee is hereby directed to issue and register the HTA LP/HTB LP 19991998-A C SUBI Certificates Certificate and the 1998-C SUBI Insurance Certificate in the name of the 1999-A SUBI Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI BeneficiariesTMCC, and to deliver the HTA LP/HTB LP 1999-A such SUBI Certificates on the Closing Date to the 1999-A SUBI Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI CertificateTMCC.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Lease Trust)

ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 19991998-A C SUBI shall be represented by two SUBI Certificates to be issued hereunder: (excluding i) the 19991998-A C SUBI Certificate, evidencing beneficial interests in the assets of the 1998-C SUBI other than proceeds of the Residual Value Insurance Certificates Policies; and (ii) the 19991998-A C SUBI Insurance Certificate, evidencing beneficial interests in the assets of the 1998-C SUBI that are proceeds of the Residual Value Insurance Proceeds represented thereby) shall initially Policies insofar as such Insurance Policies relate to the 1998-C Leased Vehicles and the 1998-C Contracts and are net of loss adjustment expenses that may be represented by offset against such proceeds pursuant to the HTA LP/HTB LP 1999-A SUBI Certificates, each terms of which shall evidence a beneficial interest in the 1999-A SUBI Assetssuch Residual Value Insurance Policies. The HTA LP/HTB LP 19991998-A C SUBI Certificates shall Certificate and 1998-C SUBI Insurance Certificate collectively represent 100% of the beneficial interests in the 19991998-A C SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999assets of the 1998-A Residual Value Insurance Proceeds represented thereby) and the 1999C SUBI Sub-A SUBI AssetsTrust. The Origination Titling Trustee is hereby instructed to issue the HTA LP/HTB LP 19991998-A C SUBI Certificates, each Certificate and the 1998-C SUBI Insurance Certificate substantially in the form forms of Exhibit Exhibits A and B attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Titling Trust Agreement, be directed by the UTI BeneficiariesBeneficiary. The HTA LP/HTB LP 19991998-A C SUBI Certificates Certificate and the 1998-C SUBI Insurance Certificate may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Titling Trust Agreement, be determined by the UTI BeneficiariesBeneficiary. The Origination Titling Trustee is hereby directed to issue and register the HTA LP/HTB LP 19991998-A C SUBI Certificates Certificate and the 1998-C SUBI Insurance Certificate in the name of the 1999-A SUBI Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI BeneficiariesTMCC, and to deliver the HTA LP/HTB LP 1999-A such SUBI Certificates on the Closing Date to the 1999-A SUBI Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI CertificateTMCC.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Auto Lease Trust 1998 C)

ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 19991998-A B SUBI shall be represented by two SUBI Certificates to be issued hereunder: (excluding i) the 19991998-A B SUBI Certificate, evidencing beneficial interests in the assets of the 1998-B SUBI other than proceeds of the Residual Value Insurance Certificates Policies; and (ii) the 19991998-A B SUBI Insurance Certificate, evidencing beneficial interests in the assets of the 1998-B SUBI that are proceeds of the Residual Value Insurance Proceeds represented thereby) shall initially be represented by Policies insofar as such Insurance Policies relate to the HTA LP/HTB LP 19991998-A SUBI Certificates, each of which shall evidence a beneficial interest in B Leased Vehicles and the 19991998-A SUBI AssetsB Contracts. The HTA LP/HTB LP 19991998-A B SUBI Certificates shall Certificate and 1998-B SUBI Insurance Certificate collectively represent 100% of the beneficial interests in the 19991998-A B SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999assets of the 1998-A Residual Value Insurance Proceeds represented thereby) and the 1999B SUBI Sub-A SUBI AssetsTrust. The Origination Titling Trustee is hereby instructed to issue the HTA LP/HTB LP 19991998-A B SUBI Certificates, each Certificate and the 1998-B SUBI Insurance Certificate substantially in the form forms of Exhibit Exhibits A and B attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Titling Trust Agreement, be directed by the UTI BeneficiariesBeneficiary. The HTA LP/HTB LP 19991998-A B SUBI Certificates Certificate and the 1998-B SUBI Insurance Certificate may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Titling Trust Agreement, be determined by the UTI BeneficiariesBeneficiary. The Origination Titling Trustee is hereby directed to issue and register the HTA LP/HTB LP 19991998-A B SUBI Certificates Certificate and the 1998-B SUBI Insurance Certificate in the name of the 1999-A SUBI Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI BeneficiariesTMCC, and to deliver the HTA LP/HTB LP 1999-A such SUBI Certificates on the Closing Date to the 1999-A SUBI Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI CertificateTMCC.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Lease Trust)

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ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 1999-A SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999-A Residual Value Insurance Proceeds represented thereby) shall initially be represented by the HTA LP/HTB LP 1999-A SUBI Certificates, each of which shall evidence a beneficial interest in the assets of the 1999-A SUBI AssetsSUBI. The HTA LP/HTB LP 1999-A SUBI Certificates shall collectively represent 100% of the beneficial interests in the 1999-A SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999-A Residual Value Insurance Proceeds represented thereby) and assets of the 1999-A SUBI AssetsSub-Trust. The Origination Trustee is hereby instructed to issue the HTA LP/HTB LP 1999-A SUBI Certificates, each substantially in the form of Exhibit A attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Trust Agreement, be directed by the UTI Beneficiaries. The HTA LP/HTB LP 1999-A SUBI Certificates may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Trust Agreement, be determined by the UTI Beneficiaries. The Origination Trustee is hereby directed to issue and register the HTA LP/HTB LP 1999-A SUBI Certificates in the name of the 1999-A SUBI Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI Beneficiaries, and to deliver the HTA LP/HTB LP 1999-A SUBI Certificates on the Closing Date to the 1999-A SUBI Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A SUBI Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Honda Titling D Lp)

ISSUANCE AND FORM OF SUBI CERTIFICATES. (a) The 19991998-A B SUBI shall be represented by two SUBI Certificates to be issued hereunder: (excluding i) the 19991998-A B SUBI Certificate, evidencing beneficial interests in the assets of the 1998-B SUBI other than proceeds of the Residual Value Insurance Certificates Policies; and (ii) the 19991998-A B SUBI Insurance Certificate, evidencing beneficial interests in the assets of the 1998-B SUBI that are proceeds of the Residual Value Insurance Proceeds represented thereby) shall initially Policies insofar as such Insurance Policies relate to the 1998-B Leased Vehicles and the 1998-B Contracts and are net of loss adjustment expenses that may be represented by offset against such proceeds pursuant to the HTA LP/HTB LP 1999-A SUBI Certificates, each terms of which shall evidence a beneficial interest in the 1999-A SUBI Assetssuch Residual Value Insurance Policies. The HTA LP/HTB LP 19991998-A B SUBI Certificates shall Certificate and 1998-B SUBI Insurance Certificate collectively represent 100% of the beneficial interests in the 19991998-A B SUBI (excluding the 1999-A Residual Value Insurance Certificates and the 1999assets of the 1998-A Residual Value Insurance Proceeds represented thereby) and the 1999B SUBI Sub-A SUBI AssetsTrust. The Origination Titling Trustee is hereby instructed to issue the HTA LP/HTB LP 19991998-A B SUBI Certificates, each Certificate and the 1998-B SUBI Insurance Certificate substantially in the form forms of Exhibit Exhibits A and B attached hereto, with such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistently herewith and with the Origination Titling Trust Agreement, be directed by the UTI BeneficiariesBeneficiary. The HTA LP/HTB LP 19991998-A B SUBI Certificates Certificate and the 1998-B SUBI Insurance Certificate may be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced in any other manner as may, consistently herewith and with the Origination Titling Trust Agreement, be determined by the UTI BeneficiariesBeneficiary. The Origination Titling Trustee is hereby directed to issue and register the HTA LP/HTB LP 19991998-A B SUBI Certificates Certificate and the 1998-B SUBI Insurance Certificate in the name of the 1999-A SUBI Securities Intermediary in such capacity, on behalf of and for the benefit of the UTI BeneficiariesTMCC, and to deliver the HTA LP/HTB LP 1999-A such SUBI Certificates on the Closing Date to the 1999-A SUBI Securities Intermediary upon the order of the UTI Beneficiaries. On the Closing Date, the UTI Beneficiaries shall direct the 1999-A Securities Intermediary in writing to deliver (i) the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate to the HTA LP 1999-A SUBI Securities Account and (ii) the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI Certificate to the HTB LP 1999-A SUBI Securities Account. HTA LP shall acquire beneficial and record ownership of the HTA LP/HTC LP 1999-A SUBI Certificate and the HTA LP/HTD LP 1999-A SUBI Certificate, and HTB LP shall acquire beneficial and record ownership of the HTB LP/HTC LP 1999-A SUBI Certificate and the HTB LP/HTD LP 1999-A SUBI CertificateTMCC.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Toyota Auto Lease Trust 1998-B)

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