Common use of Securitization Trustee Clause in Contracts

Securitization Trustee. If approval of any 1998-C SUBI Beneficiary is required, any such consent shall be conclusive and binding on such Beneficiary and on all future Beneficiaries hereof whether or not notation of such consent is made upon this 1998-C SUBI Certificate. As provided in the Titling Trust Agreement and the 1998-C SUBI Supplement, this 1998-C SUBI Insurance Certificate and the underlying interests represented hereby may not be transferred or assigned, except in accordance with the provisions thereof. Prior to due presentation of this 1998-C SUBI Insurance Certificate for registration of a permitted transfer, the Titling Trustee, the certificate registrar and any of their respective agents may treat the person or entity in whose name this 1998-C SUBI Insurance Certificate is registered as the owner hereof for the purpose of receiving distributions and for all other purposes, and, except as provided for in the Titling Trust Agreement, neither the Titling Trustee, the certificate registrar nor any such agent shall be affected by any notice to the contrary. Unless this 1998-C SUBI Insurance Certificate shall have been executed by an authorized officer of the Titling Trustee, by manual signature, this 1998-C SUBI Insurance Certificate shall not entitle the holder hereof to any benefit under the Titling Trust Agreement or the 1998-C SUBI Supplement or be valid for any purpose.

Securitization Trustee. If approval of any 1998-C SUBI Beneficiary is required, any such consent shall be conclusive and binding on such Beneficiary and on all future Beneficiaries hereof whether or not notation of such consent is made upon this 1998-C SUBI Certificate. As provided in the Titling Trust Agreement and the 1998-C SUBI Supplement, this 1998-C SUBI Insurance Certificate and the underlying interests represented hereby may not be transferred or assigned, except in accordance with the provisions thereof. Prior to due presentation of this 1998-C SUBI Insurance Certificate for registration of a permitted transfer, the Titling Trustee, the certificate registrar and any of their respective agents may treat the person or entity in whose name this 1998-C SUBI Insurance Certificate is registered as the owner hereof for the purpose of receiving distributions and for all other purposes, and, except as provided for in the Titling Trust Agreement, neither the Titling Trustee, the certificate registrar nor any such agent shall be affected by any notice to the contrary. Unless this 1998-C SUBI Insurance Certificate shall have been executed by an authorized officer of the Titling Trustee, by manual signature, this 1998-C SUBI Insurance Certificate shall not entitle the holder hereof to any benefit under the Titling Trust Agreement or the 1998-C SUBI Supplement or be valid for any purpose.