Common use of Registration of and Transfer and Exchange of Transferor Certificates Clause in Contracts

Registration of and Transfer and Exchange of Transferor Certificates. The Trust shall keep a Transferor certificate register (the "Certificate Register") in which, subject to any reasonable regulations it may prescribe, the Trust shall provide for the registration of the Transferor Certificates and, to the extent permitted by this Agreement, of transfers and exchanges of the Transferor Certificates. The certificate registrar (the "Certificate Registrar") is initially the Indenture Trustee. Whenever any Transferor Certificate is surrendered for registration of transfer at the office or agency of the Certificate Registrar maintained for that purpose and the conditions of this Section have been satisfied, the Owner Trustee, on behalf of the Trust, shall execute, authenticate, and deliver in the name of the designated transferees, one or more new Transferor Certificates in authorized denominations of a like aggregate amount dated the date of authentication by the Owner Trustee or any authenticating agent. At the option of its Holder, each Transferor Certificate may be exchanged for other Transferor Certificates, in authorized denominations of a like aggregate amount, by surrendering the Transferor Certificate to be exchanged at the office or agency of the Certificate Registrar maintained for that purpose. Every Transferor Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a fully completed representation letter, substantially in the form of Exhibit C, delivered at the expense of the Certificateholder, and duly executed by the Certificateholder or an attorney-in-fact for the Certificateholder duly authorized in writing. Each Holder of a Transferor Certificate must satisfy the transfer restrictions in the representation letter. Each Transferor Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by the Owner Trustee in accordance with its customary practice. No service charge shall be made for the registration of transfer or exchange of any Transferor Certificate, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of the Transferor Certificate. The preceding provisions of this Section notwithstanding, the Owner Trustee need not transfer or exchange, and the Certificate Registrar need not register transfers or exchanges, of Transferor Certificates during the fifteen days preceding the due date for any payment on the Transferor Certificates. The Certificate Registrar shall at all times maintain an office or agency where Transferor Certificates may be surrendered for registration of transfer or exchange.

Registration of and Transfer and Exchange of Transferor Certificates. The Trust shall keep a Transferor certificate register (the "Certificate Register") in which, subject to any reasonable regulations it may prescribe, the Trust shall provide for the registration of the Transferor Certificates and, to the extent permitted by this Trust Agreement, of transfers and exchanges of the Transferor Certificates. The certificate registrar (the "Certificate Registrar") is initially the Indenture Trustee. Whenever any Transferor Certificate is surrendered for registration of transfer at the office or agency of the Certificate Registrar maintained for that purpose and the conditions of this Section have been satisfied, the Owner Trustee, on behalf of the Trust, shall execute, authenticate, and deliver in the name of the designated transferees, one or more new Transferor Certificates in authorized denominations of a like aggregate amount dated the date of authentication by the Owner Trustee or any authenticating agent. At the option of its Holder, each Transferor Certificate may be exchanged for other Transferor Certificates, in authorized denominations of a like aggregate amount, by surrendering the Transferor Certificate to be exchanged at the office or agency of the Certificate Registrar maintained for that purpose. Every Transferor Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a fully completed representation letter, substantially in the form of Exhibit C, delivered at the expense of the Certificateholder, and duly executed by the Certificateholder or an attorney-in-fact for the Certificateholder duly authorized in writing. Each Holder of a Transferor Certificate must satisfy the transfer restrictions in the representation letter. Each Transferor Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by the Owner Trustee in accordance with its customary practice. No service charge shall be made for the registration of transfer or exchange of any Transferor Certificate, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of the Transferor Certificate. The preceding provisions of this Section notwithstanding, the Owner Trustee need not transfer or exchange, and the Certificate Registrar need not register transfers or exchanges, of Transferor Certificates during the fifteen days preceding the due date for any payment on the Transferor Certificates. The Certificate Registrar shall at all times maintain an office or agency where Transferor Certificates may be surrendered for registration of transfer or exchange.

Registration of and Transfer and Exchange of Transferor Certificates. The Trust shall keep a Transferor certificate register (the "Certificate Register") in which, subject to any reasonable regulations it may prescribe, the Trust shall provide for the registration of the Transferor Certificates and, to the extent permitted by this AgreementMaster Trust Agreement and any related Series Trust Supplement, of transfers and exchanges of the Transferor Certificates. The certificate registrar (the "Certificate Registrar") is initially the Indenture Trustee. Whenever any Transferor Certificate is surrendered for registration of transfer at the office or agency of the Certificate Registrar maintained for that purpose and the conditions of this Section have been satisfied, the Owner Trustee, on behalf of the Trust, shall execute, authenticate, and deliver in the name of the designated transferees, one or more new Transferor Certificates of the same Series in authorized denominations of a like aggregate amount dated the date of authentication by the Owner Trustee or any authenticating agent. At the option of its Holder, each Transferor Certificate may be exchanged for other Transferor CertificatesCertificates of the same Series, in authorized denominations of a like aggregate amount, by surrendering the Transferor Certificate to be exchanged at the office or agency of the Certificate Registrar maintained for that purpose. Every Transferor Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a fully completed representation letter, substantially written instrument of transfer in form satisfactory to the form of Exhibit C, delivered at Owner Trustee and the expense of the Certificateholder, and Certificate Registrar duly executed by the Certificateholder or an attorney-in-fact for the Certificateholder duly authorized in writing. Each Holder of a Transferor Certificate transfer must satisfy the all transfer restrictions in the representation letterTransferor Certificates and the related Series Trust Supplement. Each Transferor Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by the Owner Trustee in accordance with its customary practice. No service charge shall be made for the registration of transfer or exchange of any Transferor Certificate, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of the Transferor Certificate. The preceding provisions of this Section notwithstanding, the Owner Trustee need not transfer or exchange, and the Certificate Registrar need not register transfers or exchanges, of Transferor Certificates during the fifteen days preceding the due date for any payment on the Transferor Certificates. The Certificate Registrar shall at all times maintain an office or agency where Transferor Certificates may be surrendered for registration of transfer or exchange.

Registration of and Transfer and Exchange of Transferor Certificates. The Trust shall keep a Transferor certificate register (the "Certificate Register") in which, subject to any reasonable regulations it may prescribe, the Trust shall provide for the registration of the Transferor Certificates and, to the extent permitted by this Agreement, of transfers and exchanges of the Transferor Certificates. The certificate registrar (the "Certificate Registrar") is initially the Indenture Trustee. Whenever any Transferor Certificate is surrendered for registration of transfer at the office or agency of the Certificate Registrar maintained for that purpose and the conditions of this Section have been satisfied, the Owner Trustee, on behalf of the Trust, shall execute, authenticate, and deliver in the name of the designated transferees, one or more new Transferor Certificates in authorized denominations of a like aggregate amount dated the date of authentication by the Owner Trustee or any authenticating agent. At the option of its Holder, each Transferor Certificate may be exchanged for other Transferor Certificates, in authorized denominations of a like aggregate amount, by surrendering the Transferor Certificate to be exchanged at the office or agency of the Certificate Registrar maintained for that purpose. Every Transferor Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a fully completed representation letterletters from the transferor and transferee, substantially in the form of Exhibit CExhibits C-1 and C-2, respectively, delivered at the expense of the Certificateholder, and duly executed by the Certificateholder or an attorney-in-fact for the Certificateholder duly authorized in writing. Each Holder of a Transferor Certificate must satisfy the transfer restrictions in the representation letter. Each Transferor Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by the Owner Trustee in accordance with its customary practice. No service charge shall be made for the registration of transfer or exchange of any Transferor Certificate, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of the Transferor Certificate. The preceding provisions of this Section notwithstanding, the Owner Trustee need not transfer or exchange, and the Certificate Registrar need not register transfers or exchanges, of Transferor Certificates during the fifteen days preceding the due date for any payment on the Transferor Certificates. The Certificate Registrar shall at all times maintain an office or agency where Transferor Certificates may be surrendered for registration of transfer or exchange.

Registration of and Transfer and Exchange of Transferor Certificates. The Trust shall keep a Transferor certificate register (the "Certificate Register") in which, subject to any reasonable regulations it may prescribe, the Trust shall provide for the registration of the Transferor Certificates and, to the extent permitted by this AgreementMaster Trust Agreement and any related Series Trust Supplement, of transfers and exchanges of the Transferor Certificates. The certificate registrar (the "Certificate Registrar") is initially the Indenture Trustee. Whenever any Transferor Certificate is surrendered for registration of transfer at the office or agency of the Certificate Registrar maintained for that purpose and the conditions of this Section have been satisfied, the Owner Trustee, on behalf of the Trust, shall execute, authenticate, and deliver in the name of the designated transferees, one or more new Transferor Certificates of the same Series in authorized denominations of a like aggregate amount dated the date of authentication by the Owner Trustee or any authenticating agent. At the option of its Holder, each Transferor Certificate may be exchanged for other Transferor CertificatesCertificates of the same Series, in authorized denominations of a like aggregate amount, by surrendering the Transferor Certificate to be exchanged at the office or agency of the Certificate Registrar maintained for that purpose. Every Transferor Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a fully completed representation letter, substantially written instrument of transfer in form satisfactory to the form of Exhibit C, delivered at Owner Trustee and the expense of the Certificateholder, and Certificate Registrar duly executed by the Certificateholder or an attorney-in-fact for the Certificateholder duly authorized in writing. Each Holder of a Transferor Certificate transfer must satisfy the all transfer restrictions in the representation letterTransferor Certificates and the related Series Trust Supplement. Each Transferor Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by the Owner Trustee in accordance with its customary practice. No service charge shall be made for the registration of transfer or exchange of any Transferor Certificate, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of the Transferor Certificate. The preceding provisions of this Section notwithstanding, the Owner Trustee need not transfer or exchange, and the Certificate Registrar need not register transfers or exchanges, of Transferor Certificates during the fifteen days preceding the due date for any payment on the Transferor Certificates. The Certificate Registrar shall at all times maintain an office or agency where Transferor Certificates may be surrendered for registration of transfer or exchange.