Delivery and Payment for the Certificates Clause Samples
The 'Delivery and Payment for the Certificates' clause outlines the procedures and requirements for transferring certificates from the seller to the buyer and the corresponding payment obligations. Typically, this clause specifies the timing, method, and conditions under which certificates are delivered, such as electronic transfer or physical handover, and details when and how payment must be made, for example, upon delivery or within a set period. Its core function is to ensure both parties clearly understand their responsibilities regarding the exchange of certificates and payment, thereby reducing the risk of disputes and facilitating a smooth transaction process.
Delivery and Payment for the Certificates. The Seller shall execute and deliver the Series 1998-D Certificates to the Trustee for authentication in accordance with Section 6.01 of the Agreement. The Trustee shall deliver such Certificates when authenticated in accordance with Section 6.02 of the Agreement.
Delivery and Payment for the Certificates. The Trustee shall deliver the Series 1998-1 Certificates upon the written order of the Transferor when authenticated in accordance with Section 6.2 of the Agreement.
Delivery and Payment for the Certificates. The Trustee shall deliver the Series 1997-2 Certificates when authenticated in accordance with Section 6.2 of the Agreement (except in the case of the Collateral Indebtedness Interest, which shall be in uncertificated form). The Class D and Collateral Indebtedness Interest shall bear legends appropriately limiting their transfer in accordance herewith and applicable securities laws.
Delivery and Payment for the Certificates. The Trustee shall authenticate and deliver the Series 2000-1 Certificates in accordance with Section 6.2 of the Agreement. The Class C Certificates shall be issued in minimum denominations of $1,000 and integral multiples thereof; provided, however, that one Class C Certificate may be issued in a denomination that includes any remaining portion of the Class C Initial Invested Amount.
Delivery and Payment for the Certificates. The Seller shall execute and deliver the Series 1997-I Certificates to the Trustee for authentication in accordance with Section 6.01 of the Agreement. The Trustee shall deliver such Certificates when authenticated in accordance with Section 6.02 of the Agreement. SECTION 6. Depository; Form of Delivery of Investor Certificates6. Depository; Form of Delivery of Investor Certificates. (i) The Class A Certificates and the Class B Certificates shall be delivered as Book-Entry Certificates as provided in Sections 6.01 and 6.10 of the Agreement.
Delivery and Payment for the Certificates. The Trustee shall ----------------------------------------- deliver the Series 1999-1 Certificates when authenticated in accordance with Section 6.2 of the Agreement. The Collateralized Trust Obligations and the Class D Certificates have not been registered under the Securities Act or any state or foreign securities laws, and shall bear legends appropriately limiting their transfer in accordance herewith and applicable securities laws.
Delivery and Payment for the Certificates. The Trustee has delivered the Series 1997-1 Certificates upon the written direction of the Transferor as authenticated in accordance with Section 6.2 of the Master Pooling and Servicing Agreement. The Trustee shall deliver the Additional Senior Class Certificates upon the written direction of the Transferor when authenticated in accordance with Section 4.9 of this Series Supplement.
Delivery and Payment for the Certificates. The Trustee shall deliver the Series 1998-1 Certificates when authenticated in accordance with Section 6.2 of the Agreement. For purposes of this Section E and such Section 6.2, the Certificates shall be authenticated and delivered for the benefit of holders of Series 1995-1 Certificates by the Trustee upon the receipt from the Younkers Master Trust of all Receivables and other Trust Assets held by the Younkers Master Trust.
Delivery and Payment for the Certificates. The Trustee ----------------------------------------- shall deliver the Series 2001-1 Certificates upon the written direction of the Transferor when authenticated in accordance with Section 6.2.
Delivery and Payment for the Certificates. The Trustee shall deliver the Series 1997-2 Certificates upon the written direction of the Transferor when authenticated in accordance with Section 6.2 of the Agreement (except in the case of the Collateral Indebtedness Interest, which shall be in uncertificated form).