Common use of Authentication of Securities Clause in Contracts

Authentication of Securities. The Trustee shall, at the written direction of the Transferor, authenticate and deliver the Investor Securities of each Series and Class that are issued upon original issuance to or upon the order of the Transferor against payment to the Transferor of the purchase price therefor. The Trustee shall authenticate and deliver the Transferor Security to the Transferor simultaneously with the execution of this Agreement. If specified in the related Supplement for any Series or Class, the Trustee shall authenticate and deliver outside the United States the Global Security that is issued upon original issuance thereof.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Partners First Credit Card Master Trust), Pooling and Servicing Agreement (Partners First Receivables Funding Corp)

Authentication of Securities. The Trustee shall, at ---------------------------- the written direction of the Transferor, authenticate and deliver the Investor Securities of each Series and Class that are issued upon original issuance to or upon the order of the Transferor against payment to the Transferor of the purchase price therefor. The Trustee shall authenticate and deliver the Transferor Security to the Transferor simultaneously with the execution of this Agreement. If specified in the related Supplement for any Series or Class, the Trustee shall authenticate and deliver outside the United States the Global Security that is issued upon original issuance thereof.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First National Bank of Atlanta)