Authentication and Delivery of the Certificates Clause Samples
The 'Authentication and Delivery of the Certificates' clause establishes the requirements for verifying the legitimacy of certificates and the process for their formal handover. Typically, this clause outlines the steps by which certificates must be authenticated—such as through signatures, seals, or verification by an authorized party—and specifies the method and timing for delivering these documents to the relevant parties. Its core practical function is to ensure that all certificates exchanged are genuine and properly transferred, thereby reducing the risk of fraud or disputes over the validity of the documents.
Authentication and Delivery of the Certificates. On the Closing Date, the Owner Trustee shall cause the Certificates to be executed on behalf of the Issuer, authenticated and delivered to or upon the written order of the Transferor, signed by its president, any vice president, its treasurer, any assistant treasurer, its secretary or any assistant secretary, without further limited liability company action by the Transferor. No Certificate shall entitle the respective Certificateholder to any benefit under this Agreement, or be valid for any purpose, unless there shall appear on such Certificate a certificate of authentication substantially in the form set forth in Exhibit B, executed by the Owner Trustee or its authenticating agent, by manual signature; and such authentication shall constitute conclusive evidence that such Certificate shall have been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication. Upon issuance, authentication and delivery pursuant to the terms hereof, the Certificates will be entitled to the benefits of this Agreement.