Common use of The Grantor Trust Certificate Clause in Contracts

The Grantor Trust Certificate. The Grantor Trust Certificate shall be substantially in the form set forth in Exhibit A and shall, on original issue, be executed and delivered by the Grantor Trustee to the Grantor Trust Certificate Registrar for authentication and delivery to or upon the order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust Certificate. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor Trustee. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No Grantor Trust Certificate shall be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless there appears on such Grantor Trust Certificate a Grantor Trust Certificate of Authentication substantially in the form provided for herein executed by the Grantor Trust Certificate Registrar by manual signature, and such Grantor Trust Certificate of Authentication upon any Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such Grantor Trust Certificate has been duly authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its authentication.

Appears in 7 contracts

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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The Grantor Trust Certificate. (a) The Grantor Trust Certificate shall be issued only in the minimum 100% Percentage Interest of a Single Certificate and shall be substantially in the form set forth in attached hereto as Exhibit A and shall, on A. On original issue, issue the Grantor Trust Certificate shall be executed and delivered by the Grantor Trustee to the Grantor Trust Certificate Registrar for authentication and delivery to or upon the written order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust CertificateDepositor. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor TrusteeTrustee by a Responsible Officer thereof. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No The Grantor Trust Certificate shall not be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless manually countersigned by a Responsible Officer of the Grantor Trustee, or unless there appears on such the Grantor Trust Certificate a Grantor Trust Certificate certificate of Authentication substantially in the form provided for herein authentication executed by the Grantor Trust Certificate Registrar Authenticating Agent by manual signature, and such Grantor Trust Certificate of Authentication countersignature or certificate upon any the Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such the Grantor Trust Certificate has been duly countersigned or authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its countersignature or authentication.

Appears in 3 contracts

Samples: Grantor Trust Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1), Grantor Trust Agreement (Master Financial Asset Securitization Trust 1998-2), Grantor Trust Agreement (Master Financial Asset Securitization Trust 1998-2)

The Grantor Trust Certificate. (a) The Grantor Trust Certificate shall be issued only in the minimum 100% Percentage Interest of a Single Certificate and shall be substantially in the form set forth in attached hereto as Exhibit A and shall, on A. On original issue, issue the Grantor Trust Certificate shall be executed and delivered by the Grantor Trustee to the Grantor Trust Certificate Registrar for authentication and delivery to or upon the order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust CertificateDepositor. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor TrusteeTrustee by a Responsible Officer thereof. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No The Grantor Trust Certificate shall not be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless manually countersigned by a Responsible Officer of the Grantor Trustee, or unless there appears on such the Grantor Trust Certificate a Grantor Trust Certificate certificate of Authentication substantially in the form provided for herein authentication executed by the Grantor Trust Certificate Registrar Authenticating Agent by manual signature, and such Grantor Trust Certificate of Authentication countersignature or certificate upon any the Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such the Grantor Trust Certificate has been duly authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its authentication.

Appears in 2 contracts

Samples: Grantor Trust Agreement (Empire Funding Home Loan Owner Trust 1998-1), Grantor Trust Agreement (Empire Funding Home Loan Owner Trust 1997-5)

The Grantor Trust Certificate. (a) The Grantor Trust Certificate shall be issued only in the minimum 100% Percentage Interest of a Single Certificate and shall be substantially in the form set forth in attached hereto as Exhibit A and shall, on A. On original issue, issue the Grantor Trust Certificate shall be executed and delivered by the Grantor Trustee to the Grantor Trust Certificate Registrar for authentication and delivery to or upon the order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust CertificateDepositor. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor TrusteeTrustee by a Responsible Officer thereof. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No The Grantor Trust Certificate shall not be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless manually countersigned by a Responsible Officer of the Grantor Trustee, or unless there appears on such the Grantor Trust Certificate a Grantor Trust Certificate certificate of Authentication substantially in the form provided for herein authentication executed by the Grantor Trust Certificate Registrar Authenticating Agent by manual signature, and such Grantor Trust Certificate of Authentication countersignature or certificate upon any the Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such the Grantor Trust Certificate has been duly countersigned or authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its countersignature or authentication.

Appears in 2 contracts

Samples: Grantor Trust Agreement (Painewebber Mortgage Acceptance Corporation Iv), Grantor Trust Agreement (Painewebber Mortgage Acceptance Corporation Iv)

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The Grantor Trust Certificate. (a) The Grantor Trust Certificate shall be issued only in the minimum 100% Percentage Interest of a Single Certificate and shall be substantially in the form set forth in attached hereto as Exhibit A and shall, on A. On original issue, issue the Grantor Trust Certificate shall be executed and delivered by the Grantor Trustee to the Indenture Trustee, as initial Grantor Trust Certificate Registrar for authentication and delivery to Holder, or upon the order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust CertificateDepositor. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor TrusteeTrustee by a Responsible Officer thereof. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No The Grantor Trust Certificate shall not be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless manually countersigned by a Responsible Officer of the Grantor Trustee, or unless there appears on such the Grantor Trust Certificate a Grantor Trust Certificate certificate of Authentication substantially in the form provided for herein authentication executed by the Grantor Trust Certificate Registrar Authenticating Agent by manual signature, and such Grantor Trust Certificate of Authentication countersignature or certificate upon any the Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such the Grantor Trust Certificate has been duly countersigned or authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its countersignature or authentication.

Appears in 1 contract

Samples: Grantor Trust Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)

The Grantor Trust Certificate. (a) The Grantor Trust Certificate shall be issued only in the minimum 100% Percentage Interest of a Single Certificate and shall be substantially in the form set forth in attached hereto as Exhibit A and shall, on A. On original issue, issue the Grantor Trust Certificate shall be executed and delivered by the Grantor Trustee to the Indenture Trustee, as initial Grantor Trust Certificate Registrar for authentication and delivery to or Holder, upon the order of the Depositor upon receipt by the Grantor Trustee or one or more Custodians of the documents specified in Section 2.01. The Grantor Trust Certificate shall be issuable only as a single Certificate evidencing 100% of the Grantor Trust CertificateDepositor. The Grantor Trust Certificate shall be executed by manual or facsimile signature on behalf of an authorized officer of the Grantor TrusteeTrustee by a Responsible Officer thereof. The Grantor Trust Certificate bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Grantor Trustee shall bind the Grantor Trustee, Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Grantor Trust Certificate or did not hold such offices at the date of such Grantor Trust Certificate. No The Grantor Trust Certificate shall not be entitled to any benefit under this Grantor Trust Agreement, or be valid for any purpose, unless manually countersigned by a Responsible Officer of the Grantor Trustee, or unless there appears on such the Grantor Trust Certificate a Grantor Trust Certificate certificate of Authentication substantially in the form provided for herein authentication executed by the Grantor Trust Certificate Registrar Authenticating Agent by manual signature, and such Grantor Trust Certificate of Authentication countersignature or certificate upon any the Grantor Trust Certificate shall be conclusive evidence, and the only evidence, that such the Grantor Trust Certificate has been duly countersigned or authenticated and delivered hereunder. The Grantor Trust Certificate shall be dated the date of its countersignature or authentication.

Appears in 1 contract

Samples: Grantor Trust Agreement (Empire Funding Home Loan Owner Trust 1998 3)

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