Common use of Seller May Own Certificates Clause in Contracts

Seller May Own Certificates. The Seller and any Person controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Seller or an affiliate thereof except as otherwise specifically provided in the definition of the term "Certificateholder." Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Certificates, except as set forth herein with respect to certain rights to vote, consent or give directions to the Trustee as a Holder.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Receivables Corp)

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Seller May Own Certificates. The Seller and any Person controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Seller or an affiliate thereof Affiliate thereof, except as otherwise specifically provided in the definition of the term "Certificateholder." specified in Section 2.1. Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Certificates, Certificates except as set forth otherwise provided herein with respect to certain rights to vote, consent or give directions to by the Trustee as a Holderdefinition of Certificateholder.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc)

Seller May Own Certificates. The Seller and any Person controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Seller or an affiliate Affiliate thereof except as otherwise specifically provided in the definition of the term "Certificateholder." Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this the Agreement, without preference, priority or distinction as among all of the Certificates, except as set forth herein with respect to certain rights to vote, consent or give directions to the Trustee as a Holder.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Honda Auto Receivables 1996-a Grantor Trust), Pooling and Servicing Agreement (Pooled Auto Securities Shelf LLC), Pooling and Servicing Agreement (American Honda Receivables Corp)

Seller May Own Certificates. The Seller and any Person controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee of Investor Certificates with the same rights as it would have if it were not the Seller or such an affiliate thereof thereof, except as otherwise specifically provided in the definition of the term "Certificateholder." specified in Section 1.01. Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Investor Certificates, except as set forth herein with respect to certain rights to vote, consent or give directions to otherwise provided in the Trustee as a Holderdefinition of the term "Certificateholder" specified in Section 1.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)

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Seller May Own Certificates. The Seller and any Person controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee pledge of Certificates with the same rights as it would have if it were not the Seller or an affiliate thereof Affiliate thereof, except as otherwise specifically provided in the definition of the term "Certificateholder." specified in Section 2.1. Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Certificates, Certificates except as set forth otherwise provided herein with respect to certain rights to vote, consent or give directions to by the Trustee as a Holderdefinition of Certificateholder.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asta Funding Inc)

Seller May Own Certificates. The Seller and any Person --------------------------- controlling, controlled by or under common control with the Seller may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Seller or an affiliate thereof thereof, except as otherwise provided in the definition of "Certificateholder" specified in Section 2.01 and except as otherwise specifically provided in the definition of the term "Certificateholder." herein. Certificates so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this the Agreement, without preference, priority or distinction as among all of the Certificates, except as set forth herein with respect to certain rights to vote, consent or give directions to otherwise expressly provided in the Trustee as a HolderAgreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nissan Auto Receivables Corp /De)

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