Common use of Issuance of Trust Certificates Clause in Contracts

Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Trustee will issue and deliver to each Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (each, a "Trust Certificate") evidencing such Beneficiary's respective ownership interests (the "Ownership Interests") in the Trust. (b) Each Trust Certificate will be executed by manual signature on behalf of the Trustee by an authorized officer. A Trust Certificate bearing the manual signature of an individual who was, at the time when such signature was affixed, an authorized officer will bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate. Each Trust Certificate will be dated the date of its execution.

Issuance of Trust Certificates. (a) Promptly following the execution and delivery of this Agreement, the Trustee will issue and deliver to each Beneficiary a certificate of beneficial ownership of the Trust Estate substantially in the form of Exhibit A hereto (each, a "Trust Certificate") evidencing such Beneficiary's respective ownership interests (the "Ownership Interests") in the Trust. (b) Each Trust Certificate will be executed by manual signature on behalf of the Trustee by an authorized officer. A Trust Certificate bearing the manual signature of an individual who was, at the time when such signature was affixed, an authorized officer will bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to before the delivery of such Trust Certificate. Each Trust Certificate will be dated the date of its execution.