Common use of Authentication of Certificate Clause in Contracts

Authentication of Certificate. Concurrently with the initial sale of the Receivables to the Trust pursuant to the Transfer and Servicing Agreement, the Owner Trustee shall cause a single Certificate in an aggregate principal amount equal to the initial Certificate Balance to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Transferor, signed by its Chairman of the Board, its President, any Vice President, its Treasurer, its Secretary or any Assistant Treasurer, without further corporate action by the Transferor. The Certificate shall not entitle its holder to any benefit under this Agreement, or shall be valid for any purpose, unless there shall appear on the Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Owner Trustee's authentication agent, by manual signature; such authentication shall constitute conclusive evidence that the Certificate shall have been duly authenticated and delivered hereunder. The Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Trust Agreement (Metlife Capital Equipment Loan Trusts)

Authentication of Certificate. Concurrently with the initial sale acquisition of the Receivables to Mortgage Loans by the Trust pursuant to the Transfer and Servicing AgreementTrust, the Owner Trustee or the Certificate Paying Agent shall cause each Class of Certificates to be issued in a single Certificate in an aggregate principal amount equal to the initial Certificate Balance Percentage Interest of 100.00%, to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the TransferorDepositor, signed by its Chairman chairman of the Boardboard, its Presidentpresident, any Vice President, its Treasurer, its Secretary vice president or any Assistant Treasurerauthorized officer, without further corporate corporation action by the TransferorDepositor, in the authorized denomination. The A Certificate shall not entitle its holder to any benefit under this Agreement, Trust Agreement or shall be valid for any purpose, purpose unless there shall appear on the such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, Exhibit I, Exhibit K or Exhibit L executed by the Owner Trustee or the Owner Trustee's authentication agentCertificate Paying Agent, by manual signature; such authentication shall constitute conclusive evidence that the such Certificate shall have been duly authenticated and delivered hereunder. The Each Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Sl2)

Authentication of Certificate. Concurrently with the initial sale of the Receivables and other Trust Property to the Trust pursuant to Section 2.01 of the Transfer Sale and Servicing AgreementAgreement and the issuance of the Notes pursuant to the Indenture, the Owner Trustee Trustee, or the Owner Trustee's authenticating agent, shall cause a single one Certificate in an aggregate principal amount equal to the initial Certificate Balance to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Transferor, signed by its Chairman of the Board, its Presidentpresident or any vice president, any Vice President, its Treasurer, its Secretary assistant treasurer or any Assistant Treasurer, assistant secretary without further corporate company action by the Transferor. The No Certificate shall not entitle its holder to any benefit under this Agreement, or shall be valid for any purpose, unless there shall appear on the such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Owner Trustee's authentication authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that the such Certificate shall have been duly authenticated and delivered hereunder. The Each Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Trust Agreement (United Fidelity Auto Receivables Trust 2002-A)

Authentication of Certificate. Concurrently with the initial sale acquisition of the Receivables to Grantor Trust Certificate by the Trust pursuant to the Transfer and Servicing AgreementTrust, the Owner Trustee or the Certificate Paying Agent shall cause a single the Certificate in an aggregate principal amount equal to the initial Certificate Balance Percentage Interest of 100.00% to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the TransferorDepositor, signed by its Chairman chairman of the Boardboard, its President, any Vice President, its Treasurer, its Secretary president or any Assistant Treasurervice president, without further corporate action by the TransferorDepositor, in the authorized denomination. The Certificate shall not entitle its holder to any benefit under this Agreement, Owner Trust Agreement or shall be valid for any purpose, purpose unless there shall appear on the Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Owner Trustee's authentication agentCertificate Paying Agent, by manual signature; such authentication shall constitute conclusive evidence that the Certificate shall have been duly authenticated and delivered hereunder. The Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Owner Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Authentication of Certificate. Concurrently with the initial sale acquisition of the Receivables to Mortgage Loans by the Trust pursuant to the Transfer and Servicing AgreementTrust, the Owner Trustee or the Certificate Registrar shall cause each Class of Certificates to be issued in a single Certificate in an aggregate principal amount equal to the initial Certificate Balance Percentage Interest of 100.00%, to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the TransferorDepositor, signed by its Chairman chairman of the Boardboard, its Presidentpresident, any Vice President, its Treasurer, its Secretary vice president or any Assistant Treasurerauthorized officer, without further corporate corporation action by the TransferorDepositor, in the authorized denomination. The A Certificate shall not entitle its holder to any benefit under this Agreement, Trust Agreement or shall be valid for any purpose, purpose unless there shall appear on the such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, Exhibit I, Exhibit K or Exhibit L executed by the Owner Trustee or the Owner Trustee's authentication agentCertificate Registrar, by manual signature; such authentication shall constitute conclusive evidence that the such Certificate shall have been duly authenticated and delivered hereunder. The Each Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2007-Sl1)

Authentication of Certificate. Concurrently with ------------------------------ the initial sale acquisition of the Receivables to Loans by the Trust pursuant to the Transfer and Servicing AgreementTrust, the Owner Trustee or the Certificate Paying Agent shall cause a single Certificate in an aggregate principal amount equal to the initial Certificate Balance Percentage Interest of 100.00% to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the TransferorDepositor, signed by its Chairman chairman of the Boardboard, its President, any Vice President, its Treasurer, its Secretary president or any Assistant Treasurervice president, without further corporate action by the TransferorDepositor, in the authorized denomination. The A Certificate shall not entitle its holder to any benefit under this Agreement, Owner Trust Agreement or shall be valid for any purpose, purpose unless there shall appear on the such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Owner Trustee's authentication agentCertificate Paying Agent, by manual signature; such authentication shall constitute conclusive evidence that the such Certificate shall have been duly authenticated and delivered hereunder. The Each Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Owner Trust Agreement (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

Authentication of Certificate. Concurrently with the initial sale of the Receivables and other Trust Property to the Trust pursuant to Section 2.01 of the Transfer Sale and Servicing AgreementAgreement and the issuance of the Notes pursuant to the Indenture, the Owner Trustee Trustee, or the Owner Trustee's authenticating agent, shall cause a single one Certificate in an aggregate principal amount equal to the initial Certificate Balance to be executed on behalf of the Trustauthenticated, authenticated issued and delivered to or upon the written order of the Transferor, signed by its Chairman of the Board, its Presidentpresident or any vice president, any Vice President, its Treasurer, its Secretary assistant treasurer or any Assistant Treasurer, assistant secretary without further corporate company action by the Transferor. The No Certificate shall not entitle its holder to any benefit under this Agreement, or shall be valid for any purpose, unless there shall appear on the such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Owner Trustee's authentication authenticating agent, by manual signature; such authentication shall constitute conclusive evidence that the such Certificate shall have been duly authenticated and delivered hereunder. The Each Certificate shall be dated the date of its authentication.

Appears in 1 contract

Sources: Trust Agreement (United Fidelity Finance LLC)