Persons Deemed Transferors Clause Samples
The "Persons Deemed Transferors" clause defines which individuals or entities are legally considered to have transferred an asset, interest, or right, even if they are not the direct party to the transaction. This clause typically applies in situations where a person acts through intermediaries, agents, or related parties, or where indirect transfers are involved, such as in corporate restructurings or trust arrangements. By clarifying who is treated as a transferor, the clause ensures that legal responsibilities, tax obligations, or restrictions on transfers are properly allocated, thereby preventing parties from circumventing rules by acting through others.
Persons Deemed Transferors. Prior to due assignment of the Transferor Interest for registration of transfer, the Depositor, the Seller, the Owner Trustee, the Indenture Trustee, the Insurer and the Registrar may treat the Person in whose name the Transferor Interest shall be registered in the Transferor Interest Register as the owner thereof for the purpose of receiving distributions pursuant to Section 5.2 and for all other purposes whatsoever, and none of the Depositor, the Seller, the Owner Trustee, the Indenture Trustee, the Insurer or the Registrar shall be bound by any notice to the contrary.
Persons Deemed Transferors. Prior to due assignment of the Ownership Interest for registration of transfer, the Depositor, the Owner Trustee, the Indenture Trustee, the Administrator and the Registrar may treat the Person in whose name the Ownership Interest shall be registered in the Register as the owner thereof for the purpose of receiving distributions pursuant to Section 5.2 hereof and for all other purposes whatsoever, and none of the Depositor, the Owner Trustee, the Indenture Trustee, the Administrator or the Registrar shall be bound by any notice to the contrary.
Persons Deemed Transferors. 12 Section 3.7 [Reserved]........................................................................12 Section 3.8 Maintenance of Office or Agency...................................................12 Section 3.9
Persons Deemed Transferors. Prior to due assignment of the Ownership Interest for registration of transfer, the Seller, the Owner Trustee, the Indenture Trustee and the Registrar may treat the Person in whose name the Ownership Interest shall be registered in the Register as the owner thereof for the purpose of receiving distributions pursuant to Section 5.2 hereof and for all other purposes whatsoever, and none of the Seller, the Owner Trustee, the Indenture Trustee or the Registrar shall be bound by any notice to the contrary.
Persons Deemed Transferors. Prior to due presentation of the Transferor Interest for registration of transfer, the Depositor, the Seller, the Owner Trustee, the Indenture Trustee, the Insurer and the Certificate Registrar may treat the Person in whose name the Transferor Interest shall be registered in the Certificate Register as the owner thereof for the purpose of receiving distributions pursuant to Section 6.2 hereof and for all other purposes whatsoever, and none of the Seller, the Owner Trustee, the Indenture Trustee, the Insurer, the Custodian, the Administrator or the Certificate Registrar shall be bound by any notice to the contrary.