The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void. The Trust Certificates may be in printed or in typewritten form, and may be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s name pursuant to Section 3.4. (b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 62 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-3), Trust Agreement (GM Financial Automobile Leasing Trust 2024-3), Trust Agreement (GM Financial Automobile Leasing Trust 2024-2)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a $100,000 and integral multiples thereof; provided, however, that one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred issued in such denomination as required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed by the Owner Trustee on behalf of the Securitization Trust Issuer by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner TrusteeTrustee and shall have deemed to have been validly issued when so executed and authenticated (as set forth in Section 3.03 below). Trust Certificates bearing the manual or facsimile signatures (which signature may be a scanned electronic version) of individuals who were, at the time when such signatures shall have been were affixed, authorized to sign on behalf of the Securitization TrustOwner Trustee, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 61 contracts
Samples: Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2023-4 Owner Trust)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in the Securitization Trust. A. Except for the issuance of the Trust Certificates Certificate to the DepositorTransferor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 3.04 and Section 3.10, as applicable, and any attempted sale, pledge or transfer in violation of such Section 3.04 or Section 3.10, as applicable, shall be null and void. The Trust Certificates may be in printed or in typewritten form, and may be executed on behalf of the Securitization Trust Issuer by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuer, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 27 contracts
Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-2), Trust Agreement (BMW Vehicle Lease Trust 2024-2), Trust Agreement (BMW Vehicle Lease Trust 2024-1)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest $250,000 and in the Securitization Trustintegral multiples of $1,000 in excess thereof. Except for the issuance of the Trust Certificates Certificate to the Depositor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Section Sections shall be null and void. .
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust Issuing Entity by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuing Entity, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 10 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2015-B), Trust Agreement (Nissan Auto Lease Trust 2015-B), Trust Agreement (Nissan Auto Leasing LLC Ii)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest in the Securitization Trust$250,000. Except for the issuance of the Trust Certificates Certificate to the Depositor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Section Sections shall be null and void. The Trust Certificate shall be issued in the name of the Depositor. Upon delivery to the Depositor, the Owner Trustee and the Certificate Registrar of a letter in the form of Exhibit C, any Trust Certificate shall be reissued in the name and in the denomination set forth in such letter.
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust Issuing Entity by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuing Entity, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 8 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2010-B), Trust Agreement (Nissan Auto Lease Trust 2010-B), Trust Agreement (Nissan Auto Lease Trust 2010-A)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and hereto, with such changes as may be specified in a supplement to this Trust Agreement. Except as otherwise set forth in a supplement to this Trust Agreement, the Trust Certificates shall be issued from time to time in minimum denominations Percentage Interests of a 10% and integral multiples of 1% in excess thereof; provided that one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except issued in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voida different denomination. The Trust Certificates may be in printed or in typewritten form, and may shall be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration .
(b) A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 7 contracts
Samples: Trust Agreement (Hercules Capital, Inc.), Trust Agreement (Horizon Technology Finance Corp), Trust Agreement (Hercules Capital, Inc.)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest in the Securitization Trust$250,000. Except for the issuance of the Trust Certificates Certificate to the DepositorTransferor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a "transfer") in violation of such Section Sections shall be null and void. The Trust Certificate shall be issued in the name of the Transferor. Upon delivery to the Transferor, the Owner Trustee and the Certificate Registrar of a letter in the form of Exhibit C, any Trust Certificate shall be reissued in the name and in the denomination set forth in such letter.
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 4 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)
The Trust Certificates. (a) The Trust Certificates shall be issued with an initial face amount equal to the Initial Trust Certificate Balance, substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest $250,000 and in integral multiples of $1,000 in excess thereof; provided, that the Securitization Trustfinal $153,615,410.40 distributed to the Certificateholders under the Basic Documents shall be deemed to repay the Certificate Balance in full and reduce the face amount of the Trust Certificates to $0. Except for the issuance of the Trust Certificates Certificate to the Depositor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Section Sections shall be null and void. 5 (NALT 2018-A Amended and Restated Trust Agreement)
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust Issuing Entity by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuing Entity, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)
The Trust Certificates. (a) The Subject to Section 3.3, the Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations corresponding to an Ownership Percentage of a one percent Percentage 10% and integral multiples of 1% in excess thereof; PROVIDED, however, that Trust Certificates may be issued to the Holder of the GP Interest in the Securitization Trust. Except for the issuance minimum denominations corresponding to an Ownership Percentage of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void1%. The Trust Certificates may be in printed or in typewritten form, and may shall be executed in the name and on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, and the Owner Trustee shall have power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to authorize, execute, authenticate, issue and deliver Trust Certificates, the GP Interest and the Voting Interest. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest $20,000 and in integral multiples of $1,000 in excess thereof; provided, however, that the Securitization Trust. Except for the issuance of Trust Certificates issued to the Depositor, no Trust Certificate Depositor may be sold, pledged or otherwise transferred issued in such denomination as is required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect 3.04. The initial Holder of the Trust Certificates shall be payable the Depositor. In the event that the Depositor transfers any of the Trust Certificates to any other Person, the Depositor, by its transfer, and such Person, by its acceptance of the Trust Certificates so transferred, shall be deemed to have agreed to treat the Trust as a partnership with the Trust Certificates representing partnership interests therein and the Notes representing debt thereof. Any transfer by such transferee shall be subject to the Trust Certificateholders in accordance with Section 5.1same condition.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest in the Securitization Trust$250,000. Except for the issuance of the Trust Certificates Certificate to the Depositor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Section Sections shall be null and void. .
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust Issuing Entity by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuing Entity, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void. The Trust Certificates may be in printed or in typewritten form, and may be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s name pursuant to Section 3.4.
(ba) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
Samples: Trust Agreement (ACAR Leasing Ltd.)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in $1,000 and integral multiples thereof; provided, however, that the Securitization Trust. Except for the issuance of Trust Certificates issued to the Depositor, no Trust Certificate AHRC pursuant to Section 3.03 may be sold, pledged or otherwise transferred issued in such denomination as required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed by the Owner Trustee on behalf of the Securitization Trust Issuer by manual or facsimile signature of an authorized officer of the Owner TrusteeTrustee and attested on behalf of the Owner Trustee by the manual or facsimile signature of an authorized officer of the Owner Trustee and shall have deemed to have been validly issued when so executed. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been were affixed, authorized to sign on behalf of the Securitization TrustIssuer, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration The Trust Certificate may be printed, lithographed, typewritten, mimeographed or otherwise produced, in any denomination in form of Exhibit A hereto. A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Subject to Section 3.3, the Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations corresponding to an Ownership Percentage of a one percent Percentage 10% and integral multiples of 1% in excess thereof; PROVIDED, HOWEVER, that Trust Certificates may be issued to the Holder of the GP Interest in the Securitization Trust. Except for the issuance minimum denominations corresponding to an Ownership Percentage of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void1%. The Trust Certificates may be in printed or in typewritten form, and may shall be executed in the name and on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, and the Owner Trustee shall have power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to authorize, execute, authenticate, issue and deliver Trust Certificates, the GP Interest and the Voting Interest. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void. .
(b) The Trust Certificates may be in printed or in typewritten form, and may be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s name pursuant to Section 3.4.
(bc) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
Samples: Trust Agreement (ACAR Leasing Ltd.)
The Trust Certificates. (a) The Subject to Section 3.3, the Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations corresponding to an Ownership Percentage of a one percent Percentage Interest 10% and integral multiples of 1% in the Securitization Trust. Except for the issuance of excess thereof; PROVIDED, however, that Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred issued to any Person except each of the Holder of the GP Interest and The Money Store Inc. in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation minimum denominations corresponding to an Ownership Percentage of such Section shall be null and void1%. The Trust Certificates may be in printed or in typewritten form, and may shall be executed in the name and on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, and the Owner Trustee shall have power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to authorize, execute, authenticate, issue and deliver Trust Certificates, the GP Interest and the Voting Interest. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall ---------------------- be substantially initially issued to the Seller as a single Certificate in the form set forth in Exhibit A and a Percentage Interest of 100%. The Trust Certificate shall be issued in minimum divisible into denominations of a one percent single class representing minimum Percentage Interest in the Securitization Trust. Except for the issuance Interests of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidnot less than 5%. The Trust Certificates may be in printed or in typewritten form, and may shall be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, and the Owner Trustee shall have the power and authority and it is hereby authorized and empowered, in the name and on behalf of the Trust to authorize, execute, issue and deliver the Trust Certificates. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
Appears in 1 contract
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in the Securitization Trust. A. Except for the issuance of the Trust Certificates Certificate to the DepositorTransferor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge or transfer in violation of such Section Sections shall be null and void. The Trust Certificates may be in printed or in typewritten form, and may be executed on behalf of the Securitization Trust Issuer by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuer, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect For purposes of the Statutory Trust Certificates Statute, the Holder of a Trust Certificate issued pursuant to this Section shall be payable constitute a “beneficial owner” within the meaning of the Statutory Trust Statute, and solely for the purposes of the Statutory Trust Statute a Trust Certificate will not constitute indebtedness of the Issuer, subject to the rights of a Holder under Section 3805(e) of the Statutory Trust Certificateholders in accordance with Section 5.1Statute.
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The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in $1,000 and integral multiples thereof; provided, however, that the Securitization Trust. Except for the issuance of Trust Certificates issued to the Depositor, no Trust Certificate AHRC pursuant to Section ___ may be sold, pledged or otherwise transferred issued in such denomination as required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed by the Owner Trustee on behalf of the Securitization Trust Issuer by manual or facsimile signature of an authorized officer of the Owner TrusteeTrustee and attested on behalf of the Owner Trustee by the manual or facsimile signature of an authorized officer of the Owner Trustee and shall have deemed to have been validly issued when so executed. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been were affixed, authorized to sign on behalf of the Securitization TrustOwner Trustee, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
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The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued A, in minimum denominations of a one percent Percentage Interest in the Securitization Trust$[250,000]. Except for the issuance of the Trust Certificates Certificate to the Depositor, no Trust Certificate may be sold, pledged pledged, exchanged or otherwise transferred to any Person except in accordance with Section 3.4 Sections 3.04 and 3.10 and any attempted sale, pledge pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Section Sections shall be null and void. The Trust Certificate shall be issued in the name of the Depositor. Upon delivery to the Depositor, the Owner Trustee and the Certificate Registrar of a letter in the form of Exhibit C, any Trust Certificate shall be reissued in the name and in the denomination set forth in such letter.
(b) The Trust Certificates may be in printed printed, lithographed, typewritten, mimeographed or in typewritten formotherwise produced, and may be executed on behalf of the Securitization Trust Issuing Entity by manual or facsimile signature of an authorized officer of the Owner TrusteeAuthenticating Agent. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization TrustIssuing Entity, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.43.04 and Section 3.10, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration such transferee’s acceptance of such a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
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Samples: Trust Agreement (Nissan-Infiniti Lt)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent (1%) Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void. The Trust Certificates may be in printed or in typewritten form, and may shall be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this AgreementAgreement and shall be valid and binding 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 Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration .
(b) The Trust Certificates can only be purchased, acquired, or held by an individual or entity who is a "U.S. person" as determined for U.S. federal income tax purposes or who holds the Trust Certificates in connection with the conduct of a transfer trade or business within the United States and who delivers to the Owner Trustee, the Certificate Registrar and the Depositor a properly executed Form W-8ECI in connection with their acquisition of the Trust Certificates and at such other times as reasonably requested by the Owner Trustee, the Certificate Registrar and the Depositor or as required by law.
(c) A transferee of a Trust Certificate is permitted pursuant to Section 3.4Certificate, the transferee of such Trust Certificate if any, shall become a Trust Certificateholder, shall become bound by this Agreement and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
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Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest $250,000 and in integral multiples of $1,000 in excess thereof; provided, however, that the Securitization Trust. Except for the issuance of Trust Certificates Certificate issued to the Depositor, no Trust Certificate Depositor pursuant to Section 3.11 may be sold, pledged or otherwise transferred issued in such denomination as is required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect 3.04. Each Holder of the Trust Certificates Certificates, by its acceptance of a Trust Certificate, shall be payable deemed to have agreed to treat the Trust as a partnership with the Trust Certificates representing partnership interests therein and the Notes representing debt thereof. In the event that a Holder transfers any Trust Certificate to any other Person, such Holder, by its transfer, and such Person, by its acceptance of the Trust Certificate so transferred, shall be subject to the same condition.
SECTION 3.03. Authentication of Trust Certificateholders in accordance with Section 5.1CertificatesSECTION 3.03.
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The Trust Certificates. (a) The Subject to Section 3.3, the Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations corresponding to an Ownership Percentage of a one percent Percentage 10% and integral multiples of 1% in excess thereof; PROVIDED, HOWEVER, that Trust Certificates may be issued to the Holder of the Special Interest in the Securitization Trust. Except for the issuance minimum denominations corresponding to an Ownership Percentage of Trust Certificates to the Depositor, no Trust Certificate may be sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and void1%. The Trust Certificates may be in printed or in typewritten form, and may shall be executed in the name and on behalf of the Securitization Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, and the Owner Trustee shall have power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to authorize, execute, authenticate, issue and deliver Trust Certificates, the Special Interest and the Voting Interest. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Securitization Trust, shall be validly issued and entitled to the benefit benefits of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, upon due registration of such Trust Certificate in such transferee’s 's name pursuant to Section 3.4.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
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The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of a one percent Percentage Interest in $1,000 and integral multiples thereof; provided, however, that the Securitization Trust. Except for the issuance of Trust Certificates issued to the Depositor, no Trust Certificate Depositor may be sold, pledged or otherwise transferred issued in such denomination as required to include any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such Section shall be null and voidresidual amount. The Trust Certificates may be in printed or in typewritten form, and may shall be executed by the Owner Trustee on behalf of the Securitization Trust Issuer by manual or facsimile signature of an authorized officer of the Owner TrusteeTrustee and attested on behalf of the Owner Trustee by the manual or facsimile signature of an authorized officer of the Owner Trustee and shall have deemed to have been validly issued when so executed. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been were affixed, authorized to sign on behalf of the Securitization TrustOwner Trustee, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. If registration A transferee of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of such Trust Certificate shall become a Trust Certificateholder, Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder, hereunder upon due registration such transferee's acceptance of such a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.43.04.
(b) Payments in respect of the Trust Certificates shall be payable to the Trust Certificateholders in accordance with Section 5.1.
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