Common use of THE TRANSFEROR CERTIFICATES Clause in Contracts

THE TRANSFEROR CERTIFICATES. A single Transferor Certificate shall be issued. The Transferor Certificate shall be executed on behalf of the Owner Trustee by manual or facsimile signature of a Responsible Officer under the Owner Trustee's seal imprinted thereon and attested on behalf of the Owner Trustee by the manual or facsimile signature of a Responsible Officer. A Transferor Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Owner Trustee shall be a valid and binding obligation of the Trust, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the authentication and delivery of such Transferor Certificate or did not hold such offices at the date of such Transferor Certificate. The Transferor Certificate shall be dated the date of its authentication.