Issuance of Trust Certificate. (a) As of the date of the Original Trust Agreement, the Owner Trustee has issued and delivered to the Depositor a Trust Certificate in the name of the Depositor evidencing 100% of the beneficial interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its authorized officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust and XXXX has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Issuance of Trust Certificate. (a) As of the date hereof, the Owner Trustee has issued and delivered to the Depositor a Trust Certificate in the name of the Depositor evidencing 100% of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
(c) On the Closing Date, the Owner Trustee is authorized to issue Trust Certificates to each of the Persons set forth on Schedule A as Owners. Upon the issuance of the first additional Trust Certificate, the Depositor shall be deemed to have withdrawn as the initial Owner and to have contributed its Trust Certificate to the Trust.
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule I attached hereto, NCF II has been issued a Trust Certificate evidencing one hundred percent (100%) of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Resident Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Resident Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Issuance of Trust Certificate. (i) As of the date hereof, the Registrar has issued and delivered to the Grantor a Trust Certificate in the name of the Grantor evidencing 100% of the Ownership Interests.
(ii) Each Trust Certificate shall be executed by manual or facsimile signature by an authorized officer of the Registrar. Trust Certificates bearing the signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Registrar shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Issuance of Trust Certificate. Upon executing the Trust Unit Exchange Agreement, the Persons - receiving Units thereunder will be obligated, as of the time of such execution of the Trust Unit Exchange Agreement, to become Unitholders under this Agreement and to execute a joinder or amendment to this Agreement in such capacity.
Issuance of Trust Certificate. Subsequent to the cancellation of all issued and outstanding capital stock of Majestic pursuant to the provisions of the Purchase and Sale Agreement, the Conservator shall issue a Trust Certificate to the Embarcadero Liquidating Trust, as successor-in-interest to Embarcadero Insurance Holdings, Inc., the sole shareholder of Majestic (the “Liquidating Trust”) evidencing the Liquidating Trust’s “fully allowed and non- contestable Class 9 (shareholder) claim,” in Majestic’s conservation. The Trust Certificate shall be delivered to Xxxxx X. Xxxxxxxx, Liquidating Trustee, Newleaf Corporation, 0000 Xxxxxxxx Xxx, Xxxxx 000, Xxxxx Xxxx, Xxxxxx, Xxxxxxx 00000, with a copy to Xxxxxx X. Xxxxxxxx, Esq., Jager Xxxxx P.C., Xxx Xxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000.
Issuance of Trust Certificate. (i) As of the date hereof, the Registrar has issued and delivered to the Grantor a Trust Certificate in the name of the Grantor evidencing 100% of the Ownership Interests.
(ii) Each Trust Certificate shall be executed by manual or facsimile signature by an authorized officer of the Registrar. Trust Certificates bearing the signature of an individual who was, at the time when such signature
Issuance of Trust Certificate. (a) As of the date hereof, on behalf of the Trust, the Owner Trustee shall issue and deliver to the Depositor a Trust Certificate in the name of the Depositor evidencing ownership of 100% of the beneficial interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Issuance of Trust Certificate. The Trust Certificate has 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 and delivered to the Depositor, will constitute the valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws or affecting enforcement of creditors' rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Trust Agreement.
