Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to the Custodian on its behalf of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Trust Administrator, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, and the Authenticating Agent has authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in REMIC II.
Issuance of the Certificates. The Certificates have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Trust Agreement, will be validly issued, fully paid, non-assessable and outstanding and will be in the form contemplated by, and entitled to the benefits of, the Trust Agreement.
Issuance of the Certificates. (a) On the Closing Date, the Trust will issue three classes of Certificates designated as the "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class R-[1]," "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class R-[2]," and "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class C" pursuant to this Agreement and deliver them to the order of the Depositor when authenticated.
(b) The Certificates will be issued in definitive, fully registered form and will be substantially in the form of Exhibit B-1 and B-2. The Certificates will, on the Closing Date, be executed, authenticated, and delivered by the Owner Trustee to the order of the Depositor concurrently with the transfer of the Mortgage Loans to the Trust.
(c) The Certificates will be executed by manual or facsimile signature on behalf of the Owner Trustee by an authorized officer. Certificates bearing the manual or facsimile signatures of individuals who were, at the time their signatures were affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that any of them have ceased to be so authorized before the authentication and delivery of the Certificates or did not hold such offices at the date of the Certificate. The Certificates will not be book-entry certificates.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to the related Custodian on its behalf of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Trust Administrator, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates (other than the Class CE Certificates, the Class P Certificates and the Class R-X Certificates), the Class CE Interest and the Class P Interest constitute the entire beneficial ownership interest in REMIC II.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to a Custodian on its behalf, of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I-A and REMIC II-A delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Paying Agent, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, and the Authenticating Agent has authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in REMIC I-B and REMIC II-B.
Issuance of the Certificates. (a) Subject to applicable legal restrictions, the City agrees to issue and sell its Certificates in calendar year 2024 (provided that such period may be extended with the consent of the City and the Corporation) and to use the applicable portion of the proceeds from the sale of the Certificates to pay the costs of the Authorized Project and the costs of issuing the Certificates.
(b) The City has provided the Corporation with a proposed plan of finance and a pro forma debt service schedule associated with the proposed series of Certificates.
Issuance of the Certificates. (a) Subject to applicable legal restrictions, the City agrees to issue and sell one or more series of Certificates and to use the applicable portion of the proceeds from the sale of the Certificates to pay the costs of the Authorized Project and the costs of issuing the Certificates.
(b) Concurrently with the authorization to publish a notice of intention to issue Certificates for the purpose of the Authorized Project as described in this Agreement, the City shall present the Corporation with a proposed plan of finance and a pro forma debt service schedule associated with such proposed series of Certificates and receive a recommendation from the Corporation to proceed with the proposed issuance of Certificates.
Issuance of the Certificates. (a) On the Closing Date, the Trust will issue two classes of Certificates designated as the “Class A Certificates” and the “Class REO Certificates” pursuant to the provisions of this Agreement and deliver them to the order of the Depositors when authenticated.
(b) The Certificates will be issued in definitive, fully registered form and will be substantially in the form of Exhibit B. The Certificates will, on the Closing Date, be executed, authenticated, and delivered by the Certificate Trustee in accordance with a written order of the Depositors concurrently with the transfer of the Class A Assets and Class REO Assets to the Trust.
(c) The Certificates will be executed by manual or facsimile signature on behalf of the Trust by an authorized officer of the Certificate Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time their signatures were affixed, authorized to sign on behalf of the Certificate Trustee shall bind the Trust, notwithstanding that any of them have ceased to be so authorized before the authentication and delivery of the Certificates or did not hold such offices at the date of the Certificate. The Certificates will not be book-entry certificates.
Issuance of the Certificates. Section 7.01. Information to Be Provided by the Seller in Connection with the Issuance of the Certificates.............................. 29 ARTICLE VIII
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Contracts, subject to the provisions of Section 2.01 and Section 2.03, together with the assignment to it of all other assets included in the Trust Fund, the receipt of which is hereby acknowledged. Concurrently with such assignment and delivery on the Closing Date and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in the Trust Fund. The rights of the Certificateholders to receive distributions from the proceeds of the Trust Fund in respect of the Certificates, and all ownership interests evidenced or constituted by the Certificates, shall be as set forth in this Agreement.
