Common use of Trust Certificate Transfer Restrictions Clause in Contracts

Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I of ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or (iii) any entity whose underlying assets include plan assets by reason of a plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 6 contracts

Samples: Trust Agreement (Bond Securitization LLC), Trust Agreement (Bond Securitization LLC), Trust Agreement (Gs Mortgage Securities Corp)

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Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I 1 of ERISA, (ii) a plan described in Section 4975(e)(14975(e) (1) of the Code Code, or (iii) any entity whose underlying assets include plan assets by reason of a plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 6 contracts

Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Structured Asset Mortgage Investments Inc)

Trust Certificate Transfer Restrictions. (a) The Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I 1 of ERISA, (ii) a plan described in Section 4975(e)(14975(e) (1) of the Code Code, or (iii) any entity whose underlying assets include plan assets by reason of a such plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan. The Owner Trustee shall have no duty to determine whether Trust Certificates are owned by a Benefit Plan.

Appears in 3 contracts

Samples: Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Ace Securities Corp), FCC Receivables Corp

Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I of ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or (iii) any entity whose underlying assets include plan assets by reason of a plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 2 contracts

Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)

Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I 1 of ERISA, (ii) a plan described in Section 4975(e)(14975(e) (1) of the Code Code, or (iii) any entity (including an insurance company general account) whose underlying assets include plan assets by reason of a such plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 1 contract

Samples: Trust Agreement (Mellon Auto Receivables Corp)

Trust Certificate Transfer Restrictions. The Trust --------------------------------------- Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I of ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or (iii) any entity whose underlying assets include plan assets by reason of a plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 1 contract

Samples: Form of Trust Agreement (Asset Backed Securities Corp)

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Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I of ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or (iii) any entity whose underlying assets include plan assets by reason of a plan's ’s investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

Trust Certificate Transfer Restrictions. The Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I 1 of ERISA, (ii) a plan described in Section 4975(e)(14975(e) (1) of the Code Code, or (iii) any entity whose underlying assets include plan assets by reason of a plan's ’s investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp)

Trust Certificate Transfer Restrictions. (a) The --------------------------------------- Trust Certificates may not be acquired by or for the account of: of (i) an employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the provisions of Title I 1 of ERISA, (ii) a plan described in Section 4975(e)(14975(e) (1) of the Code or (iii) any entity whose underlying assets include plan assets by reason of a such plan's investment in the entity (each, a "Benefit Plan"). By accepting and holding a Trust Certificate, the Holder thereof shall be deemed to have represented and warranted that it is not a Benefit Plan.a

Appears in 1 contract

Samples: Trust Agreement (Franklin Receivables LLC)

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