Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Owner Trustee on behalf of the Trust will issue and deliver to the Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (the “Trust Certificate”) evidencing the Beneficiary’s Beneficial Interest in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 3 contracts
Samples: Discover Card Execution Note Trust (Discover Card Master Trust I), Trust Agreement, Trust Agreement (Capital One Funding, LLC)
Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Owner Trustee on behalf of the Trust will issue and deliver to the each Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (the “each, a "Trust Certificate”") evidencing such Beneficiary's respective ownership interests (the Beneficiary’s Beneficial Interest "Ownership Interests") in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 3 contracts
Samples: Trust Agreement (Citibank Credit Card Master Trust I), Trust Agreement (Citibank Credit Card Issuance Trust), Trust Agreement (Citibank Nevada National Association)
Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Owner Trustee on behalf of the Trust will issue and deliver to the Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (the “"Trust Certificate”") evidencing the Beneficiary’s 's Beneficial Interest in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Capital One Master Trust), Trust Agreement (Capital One Master Trust)
Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Owner Trustee on behalf of the Trust will issue and deliver to the Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (the “"Trust Certificate”") evidencing the Beneficiary’s Beneficial Interest 's ownership interest (the "Ownership Interest") in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 1 contract
Samples: Trust Agreement (Daimlerchrysler Wholesale Receivables LLC)
Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Trust Agreement, the Owner Trustee on behalf of the Trust will issue execute and deliver to the Beneficiary Depositor, as the sole initial Beneficiary, a certificate of beneficial ownership of the Trust Estate substantially interest in the form of Exhibit A hereto (the “Trust Certificate”) evidencing the Beneficiary’s Beneficial Interest beneficial interest (the “Ownership Interest”) in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 1 contract
Issuance of Trust Certificates. (avii) Promptly following the execution and delivery of this Trust Agreement, the Owner Trustee on behalf of the Trust will issue execute and deliver to the Beneficiary Depositor, as the sole initial Beneficiary, a certificate of beneficial ownership of the Trust Estate substantially interest in the form of Exhibit A hereto (the “Trust Certificate”) evidencing the Beneficiary’s Beneficial Interest beneficial interest (the “Ownership Interest”) in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) shall be bound by the provisions of this Agreement.
Appears in 1 contract
Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Owner Trustee on behalf of the Trust will issue and deliver to the Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (the “Trust Certificate”) evidencing the Beneficiary’s Beneficial Interest continued beneficial interest (the “Ownership Interest”) in the Trust. The Beneficiary, in its capacity as the holder of the Trust Certificate, (i) shall be the sole beneficial owner of the Trust and (ii) Beneficiary shall be bound by the provisions of this Agreement.
Appears in 1 contract
