Registration of Certificates; Transfer and Exchange of Certificates. (a). The Certificate Registrar shall keep or cause to be kept, at the office or agency maintained pursuant to Section 3.9, a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trust shall provide for the registration of Certificates and of Transfers and exchanges of Certificates as herein provided. The Bank shall be the initial Certificate Registrar. No Transfer of a Certificate shall be recognized except upon registration of such Transfer in the Certificate Register.
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Sources: Trust Agreement (Ford Credit Auto Receivables Two L P)
Registration of Certificates; Transfer and Exchange of Certificates. (a). ) The Certificate Registrar shall keep or cause to be kept, at the office or agency maintained pursuant to Section 3.93.8, a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trust shall provide for the registration of Certificates and of Transfers transfers and exchanges of Certificates as herein provided. The Bank Owner Trustee shall be the initial Certificate Registrar. No Transfer of a Certificate shall be recognized except upon registration of such Transfer in the Certificate Register.Certificate
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