Examples of DCMOT Certificate in a sentence
The Owner Trustee or the Certificate Registrar, as applicable, shall cause each Seller's Certificate to contain a legend in the form set forth on the form of the DCMOT Certificate attached hereto as Exhibit B.
The Designated Affiliate, DCWR and the Trust hereby agree that from and after the Assumption Date, the terms "Seller" and "DCWR" (other than "DCMOT Certificate") in the Sale and Servicing Agreement, the Related Documents and the Trust Documents shall refer to the Designated Affiliate.
By execution of this Agreement, DCWR does hereby sell, transfer, assign and otherwise convey all, but not less than all, of its right, title and interest in the Collateral of the Trust, the Seller's Interest, the DCMOT Certificate, the Sale and Servicing Agreement, the Related Documents and the Trust Documents, and its obligations, as Seller thereunder, to the Designated Affiliate.
Notwithstanding anything herein to the contrary, the Beneficiary, as Holder of the DCMOT Certificate, may sell, participate, transfer, assign or otherwise pledge or convey its entire right, title and interest in the DCMOT Certificate only to a Designated Affiliate in accordance with Section 7.04 of the Sale and Servicing Agreement and in compliance with the transfer restrictions set forth in Section 10.12 of this Agreement.
The Bank of New York, in its capacity as Certificate Registrar under the Restated Trust Agreement, shall register DCWR as the sole holder of the DCMOT Certificate in the Certificate Register (as defined in the Restated Trust Agreement) on the Effective Date.
On the Effective Date, the Owner Trustee is hereby authorized to execute on behalf of the Trust the DCMOT Certificate registered in the name of DCWR and is hereby authorized to authenticate and deliver the initial DCMOT Certificate on such date to DCWR without any corporate action by DCWR, or any action by any other Person, being required.
In accordance with Article X of the Restated Trust Agreement, the Owner Trustee is hereby directed to execute the DCMOT Certificate on behalf of the Issuer, and to authenticate and deliver such DCMOT Certificate to or upon the order of DCWR on the Effective Date.
Upon the execution and delivery of this Agreement and the issuance of the DCMOT Certificate to DCWR on the Effective Date as hereinafter provided, DCWR shall continue to be the Beneficiary of the Trust, and the "Ownership Interest" (under and as defined in the Existing Trust Agreement) previously held by DCWR shall be deemed cancelled and terminated.
From the Effective Date until the issuance of any Supplemental Certificates pursuant to Section 10.10, the DCMOT Certificate shall be the sole Seller's Certificate.
DAIMLERCHRYSLER MASTER OWNER TRUST By: CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee By: --------------------------------------- Name: Title: [OWNER TRUSTEE'S] [CERTIFICATE REGISTRAR'S] CERTIFICATE OF AUTHENTICATION This is the DCMOT Certificate described in the within-mentioned Trust Agreement.