Issuance of Initial Certificates. Upon the formation of the Trust by the initial contribution by the Depositor and the filing of the Certificate of Trust pursuant to Section 2.05, the Trust will issue the Trust Certificate and the Class X Certificate to the Initial Holder.
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Samples: Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-3), Trust Agreement (Saxon Asset Securities Trust 2006-1)
Issuance of Initial Certificates. Upon the formation of the Trust by the initial contribution by the Depositor and the filing of the Certificate of Trust pursuant to Section 2.05, the Trust will issue the Trust Certificate [and the Class X Certificate Certificate] to the Initial Holder.
Appears in 1 contract
