Examples of Series Certificate in a sentence
The Series Certificate constitutes a "certificated security" within the meaning of the applicable UCC.
The Depositor has no actual knowledge of any current statutory or other non-consensual liens to which the Series Certificate is subject.
The Depositor makes the following representations and warranties with respect to the Series Certificate on which the Issuer is deemed to have relied in acquiring the Series Certificate.
In the event that such conveyance is deemed to be a pledge to secure a loan, the Depositor hereby grants to the Issuer a first priority perfected security interest in all of the Depositor's right, title and interest in, to and under the Series Certificate, and in all proceeds of the foregoing, to secure the loan deemed to be made in connection with such pledge and, in such event, this Agreement shall constitute a security agreement under applicable law.
The Depositor and the Issuer shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that the security interest in the Series Certificate created hereunder will be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement.