Common use of Authentication and Delivery of Trust Certificate Clause in Contracts

Authentication and Delivery of Trust Certificate. The Owner Trustee shall cause to be authenticated and delivered upon the order of the Trust Depositor, in exchange for the Receivables and the other Trust Assets, simultaneously with the sale, assignment and transfer to the Trust of the Receivables and other Trust Assets, and the constructive delivery to the Owner Trustee of the Receivable Files and the other Trust Assets, a Trust Certificate duly authenticated by the Owner Trustee, evidencing the entire ownership of the Trust, and Notes issued by the Trust and authenticated by the Indenture Trustee in aggregate principal amounts not to exceed, $125,000,000. No Trust Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Trust Certificate a certificate of authentication substantially in the form set forth in the form of Trust Certificate attached hereto as EXHIBIT B-2, executed by the Owner Trustee or its authenticating agent, by manual signature, and such certificate upon any Trust Certificate shall be conclusive evidence, and the only evidence, that such Trust Certificate has been duly authenticated and delivered hereunder. Upon issuance, authorization and delivery pursuant to the terms hereof, the Trust Certificate will be entitled to the benefits of this Agreement.

Appears in 1 contract

Sources: Trust Agreement (Bluegreen Corp)

Authentication and Delivery of Trust Certificate. The Owner Trustee shall cause to be authenticated and delivered upon the order of the Trust Depositor, in exchange for the Receivables and the other Trust Assetsassets of the Trust, simultaneously with the sale, assignment and transfer to the Trust of the Receivables and other Trust AssetsReceivables, and the constructive delivery to the Owner Trustee of the Receivable Files Receivables and the other Trust Assets, a Trust Certificate duly authenticated by the Owner Trustee, evidencing the entire ownership assets of the Trust, and Notes issued by the Trust and authenticated by the Indenture Trustee in aggregate principal amounts not to exceed, $125,000,000Certificate. No Trust Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Trust Certificate a certificate of authentication substantially in the form set forth in the form of Trust Certificate attached hereto as EXHIBIT B-2Exhibit B, executed by the Owner Trustee or its authenticating agent, by manual signature, and such certificate upon any Trust Certificate shall be conclusive evidence, and the only evidence, that such Trust Certificate has been duly authenticated and delivered hereunder. Upon issuance, authorization authentication and delivery pursuant to the terms hereof, the Trust Certificate will be entitled to the benefits of this Agreement. The Owner Trustee hereby appoints The Chase Manhattan Bank as an authenticating agent.

Appears in 1 contract

Sources: Trust Agreement (Dillard Asset Funding Co)

Authentication and Delivery of Trust Certificate. The Owner Trustee shall cause to be authenticated and delivered upon the order of the Trust Depositor, in exchange for the Receivables Contracts and the other Trust Assets, simultaneously with the sale, assignment and transfer to the Trust of the Receivables Contracts and other Trust Assets, and the constructive delivery to the Owner Trustee of the Receivable Contract Files and the other Trust Assets, a Trust Certificate duly authenticated by the Owner Trustee, in the amount of the Certificate Balance evidencing the entire ownership of the Trust, and Notes issued by the Trust and authenticated by the Indenture Trustee in aggregate principal amounts not to exceed, $125,000,000. No Trust Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Trust Certificate a certificate of authentication substantially in the form set forth in the form of Trust Certificate attached hereto as EXHIBIT B-2B, executed by the Owner Trustee or its authenticating agent, by manual signature, and such certificate upon any Trust Certificate shall be conclusive evidence, and the only evidence, that such Trust Certificate has been duly authenticated and delivered hereunder. Upon issuance, authorization authentication and delivery pursuant to the terms hereof, the Trust Certificate will be entitled to the benefits of this Agreement.

Appears in 1 contract

Sources: Trust Agreement (Newcourt Receivables Corp Ii)