Common use of Persons Deemed Certificateholder Clause in Contracts

Persons Deemed Certificateholder. Every Person by virtue of becoming a Certificateholder in accordance with this Agreement shall be deemed to be bound by the terms of this Agreement. Prior to due presentation of the Certificate for registration of transfer, the Owner Trustee and the Certificate Registrar and any agent of the Owner Trustee and the Certificate Registrar, may treat the person in whose name any Certificate shall be registered in the Certificate Register as the owner of such Certificate for the purpose of receiving distributions pursuant to the Sale and Servicing Agreement and for all other purposes whatsoever, and none of the Owner Trustee or the Certificate Registrar nor any agent of the Owner Trustee or the Certificate Registrar shall be bound by any notice to the contrary.

Persons Deemed Certificateholder. Every Person by virtue of becoming a Certificateholder in accordance with this Agreement shall be deemed to be bound by the terms of this Agreement. Prior to due presentation of the a Certificate for registration of transfer, the Owner Trustee and the Certificate Registrar and Trustee, any agent of the Owner Trustee Trustee, the Insurer and the Certificate Registrar, may treat the person Person in whose name any Certificate shall be registered in the Certificate Register as the owner of such Certificate for the purpose of receiving distributions pursuant to this Agreement and the Sale and Servicing Spread Account Agreement and for all other purposes whatsoever, and none of the Owner Trustee or Trustee, the Insurer, the Certificate Registrar nor or any agent of the Owner Trustee or the Certificate Registrar shall be bound by any notice to the contrary.contrary absent the presentation of such Certificate. Trust and Servicing Agreement