Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and to the Receivables conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.
Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Issuer shall issue to, or upon the order of, the Trust Depositor the Certificate representing ownership of a beneficial interest in 100% of the Issuer and the Issuer shall issue, and the Indenture Trustee shall authenticate, to, or upon the order of, the Trust Depositor the Notes secured by the Indenture Collateral. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, of the Loan Assets, and declares that it shall maintain such right, title and interest in accordance with the terms of this Agreement and the Trust Agreement upon the trust herein and therein set forth.
Acceptance by Owner Trustee. (a) The Owner Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest to the property, now existing and hereafter created, conveyed pursuant to Section 2.01. The Owner Trustee further acknowledges that, prior to or simultaneously with the execution and delivery of this Agreement, the Transferor delivered to the Owner Trustee the computer file or microfiche list relating to the Initial Accounts described in subsection 2.01(c). The Owner Trustee shall maintain a copy of Schedule 1, as delivered from time to time, at the Corporate Trust Office.
Acceptance by Owner Trustee. 24 SECTION 4.01
Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest to the property existing on the Addition Cut Off Date which has been conveyed to the Trust pursuant to Section 2(a) of this Assignment.
Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest to the property existing on the Addition Date which has been conveyed to the Trust pursuant to Section 2(a) of this Assignment. 1 VISA® and MasterCard® are registered trademarks of VISA U.S.A., Inc., and of MasterCard International Inc., respectively.
Acceptance by Owner Trustee. The Owner Trustee does hereby accept on behalf of the Trust all of the Trust Property conveyed by the Transferor pursuant to Article III, and declares that the Owner Trustee shall hold the Trust Property, which shall comprise the Trust estate, upon the trusts herein set forth for the benefit of all present and future Residual Interest Holders and Certificateholders, subject to the terms and provisions of this Agreement.
Acceptance by Owner Trustee. On the Closing Date, if the conditions set forth in Section 2.02 have been satisfied, the Owner Trustee shall issue on behalf of the Trust to, or upon the order of, the Trust Depositor the Certificates representing ownership of a beneficial interest in 100% of the Trust and the Indenture Trustee shall issue to, or upon the order of, the Trust Depositor the Notes secured by the Collateral.
Acceptance by Owner Trustee. 25 ARTICLE III THE RECEIVABLES
Acceptance by Owner Trustee. 17 Section 2.04. Conveyance of Subsequent Contracts....................................................17 ARTICLE THREE
