Initial Certificate Ownership Clause Samples
The Initial Certificate Ownership clause establishes who holds legal title to a certificate or similar document at the outset of an agreement or transaction. Typically, this clause specifies whether the buyer, seller, or a third party is recognized as the initial owner, and may outline the process for transferring ownership if required. Its core function is to provide clarity and prevent disputes by clearly identifying the starting point of ownership, ensuring all parties understand their rights and responsibilities regarding the certificate from the beginning.
Initial Certificate Ownership. Since the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5, the Depositor has been the sole Certificateholder.
Initial Certificate Ownership. Upon the formation of the Trust by the contribution by the Seller pursuant to Section 2.5 and until the issuance of the Certificates, the Seller shall be the sole beneficiary of the Trust.
Initial Certificate Ownership. Upon the formation of the Trust by the contribution by the Seller pursuant to Section 2.5 and until the issuance of the Certificates, the Seller shall be the sole Certificateholder.
Initial Certificate Ownership. 4 SECTION 3.2 FORM OF THE CERTIFICATES.....................................................................4 SECTION 3.3 EXECUTION, AUTHENTICATION AND DELIVERY.......................................................5 SECTION 3.4 REGISTRATION; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES..........................5 SECTION 3.5 MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES............................................6 SECTION 3.6 PERSONS DEEMED CERTIFICATEHOLDERS............................................................7 SECTION 3.7 ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES....................................7 SECTION 3.8 MAINTENANCE OF CORPORATE TRUST OFFICE........................................................7 SECTION 3.9
Initial Certificate Ownership. 4 SECTION 3.2 FORM OF THE CERTIFICATES.................................................. 4 SECTION 3.3 EXECUTION, AUTHENTICATION AND DELIVERY.................................... 5 SECTION 3.4 REGISTRATION; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...
Initial Certificate Ownership. 5 SECTION 3.2 FORM OF THE CERTIFICATES....................................................................5 SECTION 3.3 EXECUTION, AUTHENTICATION AND DELIVERY......................................................5 SECTION 3.4 REGISTRATION OF CERTIFICATES; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES................................................................................5 SECTION 3.5 MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES...........................................7 SECTION 3.6 PERSONS DEEMED CERTIFICATEHOLDERS...........................................................8 SECTION 3.7 ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES...................................8 SECTION 3.8 MAINTENANCE OF CORPORATE TRUST OFFICE.......................................................8 SECTION 3.9 APPOINTMENT OF PAYING AGENT.................................................................9 SECTION 3.10 [RESERVED.].................................................................................9 SECTION 3.11 [RESERVED.].................................................................................9 SECTION 3.12 NOTICES TO CLEARING AGENCY..................................................................9 SECTION 3.13