Common use of Registration of Residual Interest Clause in Contracts

Registration of Residual Interest. The Issuer appoints the Owner Trustee to be the “Trust Registrar” and to keep a register (the “Trust Register”) of the holders of the Residual Interest and transfers of the Residual Interest. If the Trust Registrar resigns, the Administrator, on behalf of the Issuer, will promptly appoint a successor or, if it elects not to make the appointment, assume the obligations of Trust Registrar. The “holder of the Residual Interest” will be the Person registered as the holder of the Residual Interest on the Trust Register.

Registration of Residual Interest. The Issuer appoints the Owner Trustee to be the “"Trust Registrar” " and to keep a register (the “"Trust Register”") of the holders of the Residual Interest and transfers of the Residual Interest. If the Trust Registrar resigns, the Administrator, on behalf of the Issuer, will promptly appoint a successor or, if it elects not to make the appointment, assume the obligations of Trust Registrar. The “"holder of the Residual Interest” " will be the Person registered as the holder of the Residual Interest on the Trust Register.

Registration of Residual Interest. The Issuer appoints the Owner Trustee to be the “Trust Registrar” and to keep a register (the “Trust Register”) of the holders of the Residual Interest and transfers of the Residual Interest. If the Trust Registrar resigns, the Administrator, on behalf of the Issuer, will promptly appoint a successor or, if it elects not to make the appointment, assume the obligations of Trust Registrar. The “holder of the Residual Interest” will be the Person registered as the holder of the Residual Interest on the Trust RegisterRegistrar.