Common use of The Trust Certificates Clause in Contracts

The Trust Certificates. The Trust Certificates shall be substantially in the form of Exhibit B hereto and represent the entire beneficial interest in the Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee and shall be deemed to have been validly issued when so executed. A Trust Certificate bearing the manual or facsimile signature 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 Trust Certificate or did not hold such offices at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its authentication.

Appears in 7 contracts

Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2013-1), Trust Agreement (Harley-Davidson Motorcycle Trust 2012-1), Trust Agreement (Harley Davidson Customer Funding Corp)

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The Trust Certificates. (a) The Trust Certificates shall be substantially issued in the form minimum denominations of Exhibit B hereto and represent the entire beneficial interest a one percent (1%) Percentage Interest in the Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee and shall be deemed to have been validly issued when so executedTrustee. A Trust Certificate Certificates bearing the manual or facsimile signature signatures of individuals who were, at the time when such signatures were shall have been affixed, authorized to sign on behalf of the Owner Trustee Trust, shall be a validly issued and entitled to the benefit of this Agreement and shall be valid and binding obligation obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificate. Each Trust Certificate shall be dated the date of its authenticationCertificates.

Appears in 7 contracts

Samples: Trust Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2), Trust Agreement (Merrill Auto Trust Securitization 2007-1), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

The Trust Certificates. The Trust Certificates shall be substantially in the form of Exhibit B hereto and represent the entire beneficial interest in the Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee and shall be deemed to have been validly issued when so executed. A Trust Certificate bearing the manual or facsimile signature of individuals an individual who werewas, at the time when such signatures were signature was 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 individual has ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its authentication.

Appears in 7 contracts

Samples: Trust Agreement (Harley-Davidson Customer Funding Corp.), Trust Agreement (Harley-Davidson Customer Funding Corp.), Trust Agreement (Harley-Davidson Customer Funding Corp.)

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The Trust Certificates. The Trust Certificates shall be substantially in the form of Exhibit B hereto and represent the entire beneficial equity interest in the Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee and shall be deemed to have been validly issued when so executed. A Trust Certificate bearing the manual or facsimile signature of individuals an individual who werewas, at the time when such signatures were signature was 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 individual has ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its authentication.

Appears in 1 contract

Samples: Trust Agreement (Harley-Davidson Customer Funding Corp.)

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