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

Authentication and Delivery of Trust Certificate. The Owner Trustee previously, on May 19, 2017, caused to be authenticated and delivered upon the order of the Depositor, in exchange for the original Trust Certificate duly authenticated by the Owner Trustee, evidencing the entire ownership of the Trust, the Previous Trust Certificate. As indicated above in Section 3.02, on the Amendment Closing Date, the Trust Owner shall exchange the Previous Trust Certificate for the Trust Certificate. No Trust Certificate shall be entitled to any benefit under this Agreement, or be vacated 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-1, executed by the Owner Trustee or its authenticating agent, by manual signature, and such certificate upon any Trust Certificate shall be conclusive evidence, and KL2 3304888.6 the only evidence, that such Trust Certificate has been duly authenticated and delivered hereunder. Upon (a) the issuance, authorization and delivery of the Trust Certificate as provided herein, and (b) the exchange of the Previous Trust Certificate for the Trust Certificate as provided herein, the Trust Certificate will be entitled to the benefits of this Agreement.

Appears in 1 contract

Sources: Trust Agreement (Bluegreen Vacations Holding Corp)

Authentication and Delivery of Trust Certificate. The Owner Trustee previously, on May 1926, 20172006, caused to be authenticated and delivered upon the order of the Depositor, in exchange for the original assets constituting the Trust Estate, the Original Trust Certificate duly authenticated by the Owner Trustee, evidencing the entire ownership of the Trust, the Previous Trust Certificate. As indicated above in Section 3.02, on the Amendment Closing Date, the Trust Owner shall exchange the Previous Original Trust Certificate for the Trust Certificate. No Trust Certificate shall be entitled to any benefit under this Agreement, or be vacated 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-1, executed by the Owner Trustee or its authenticating agent, by manual signature, and such certificate upon any Trust Certificate shall be conclusive evidence, and KL2 3304888.6 the only evidence, that such Trust Certificate has been duly authenticated and delivered hereunder. Upon (a) the issuance, authorization and delivery of the Trust Certificate as provided herein, and (b) the exchange of the Previous Original Trust Certificate for the Trust Certificate as provided herein, the Trust Certificate will be entitled to the benefits of this Agreement.

Appears in 1 contract

Sources: Trust Agreement (BBX Capital Corp)