Authentication and Delivery of Trust Certificates. Concurrently with the transfer of the 2025-B Series Certificate to the Issuing Entity, the Owner Trustee shall cause to be executed on behalf of the Issuing Entity the Trust Certificate representing 100% of the beneficial interest in the Issuing Entity, authenticated and delivered to or upon the written order of the Depositor. All Trust Certificates shall be dated the date of their authentication. Upon issuance, execution and delivery pursuant to the terms hereof, the Trust Certificates shall be entitled to the benefits of this Agreement. Wilmington Trust shall be the initial Authenticating Agent of the Owner Trustee hereunder, and all references herein to authentication by the Owner Trustee shall be deemed to include the Authenticating Agent.
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Lease Trust 2025-B), Trust Agreement (Nissan Auto Lease Trust 2025-B)