RESIDUAL INTEREST CERTIFICATES AND TRANSFER OF INTERESTS Clause Samples

The "Residual Interest Certificates and Transfer of Interests" clause defines the rules and procedures governing the ownership and transferability of residual interest certificates in a financial transaction, such as a securitization. It typically outlines who may hold these certificates, any restrictions on their transfer (for example, requiring consent from a trustee or compliance with securities laws), and the process for recording and recognizing such transfers. This clause ensures that only eligible parties can acquire residual interests and that all transfers are properly documented, thereby maintaining the integrity of the transaction structure and compliance with legal and regulatory requirements.
RESIDUAL INTEREST CERTIFICATES AND TRANSFER OF INTERESTS. SECTION 3.1 Initial Ownership............................................ SECTION 3.2 The Residual Interest Certificates........................... SECTION 3.3 Execution, Authentication and Delivery of Residual Interest Certificates.................. ............................ SECTION 3.4 Registration of Transfer and Exchange of Residual Interest Certificates................... ........................... SECTION 3.5 Mutilated, Destroyed, Lost or Stolen Residual Interest Certificates...................... ........................ SECTION 3.6
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RESIDUAL INTEREST CERTIFICATES AND TRANSFER OF INTERESTS. SECTION 3.1 Initial Ownership SECTION 3.2 The Residual Interest Certificates SECTION 3.3 Execution, Authentication and Delivery of Residual Interest Certificates SECTION 3.4 Registration of Transfer and Exchange of Residual Interest Certificates SECTION 3.5 Mutilated, Destroyed, Lost or Stolen Residual Interest Certificates SECTION 3.6 Persons Deemed Owners SECTION 3.7 Access to List of Owners' Names and Addresses SECTION 3.8 Maintenance of Office or Agency SECTION 3.9 Appointment of Paying Agent SECTION 3.10 Restrictions on Transfer of Residual Interest Certificates
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RESIDUAL INTEREST CERTIFICATES AND TRANSFER OF INTERESTS 
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Related to RESIDUAL INTEREST CERTIFICATES AND TRANSFER OF INTERESTS

  • Trust Certificates and Transfer of Interests Section 3.01 [Reserved].

  • Certificates and Transfer of Interests Section 4.01. Initial Ownership 12 Section 4.02. The Certificates 12 Section 4.03. Execution, Authentication and Delivery of Certificates 12 Section 4.04. Registration of Transfer and Exchange of Certificates 12 Section 4.05. Mutilated, Destroyed, Lost or Stolen Certificates 13 Section 4.06. Persons Deemed Owners 14 Section 4.07. Access to List of Certificateholders’ Names and Addresses 14 Section 4.08. Maintenance of Office or Agency 14 Section 4.09. Restrictions on Transfers of Certificates 14

  • Certificate and Transfer of Interest 8 SECTION 3.1 Ownership ................................................................ 8 SECTION 3.2 The Certificate .......................................................... 8 SECTION 3.3 Authentication of Certificate ............................................ 8 SECTION 3.4 Registration of Transfer and Exchange of Certificate ..................... 9 SECTION 3.5 Mutilated, Destroyed, Lost or Stolen Certificates ........................ 9

  • Transfer of Purchased Certificates (a) The Purchaser understands that the Purchased Certificates have not been registered under the Act, or any state securities laws and that no transfer may be made unless the Purchased Certificates are registered under the Act and under applicable state law or unless an exemption from registration is available. The Purchaser further understands that neither Washington Mutual nor the Trust is under any obligation to register the Purchased Certificates or make an exemption available. In the event that such a transfer is to be made within two years from the Closing Date without registration under the Act or applicable state securities laws, (i) the Trustee shall require, in order to assure compliance with such laws, that the Certificateholder's prospective transferee each certify to Washington Mutual, the Trustee and the Trust as to the factual basis for the registration or qualification exemption relied upon, and (ii) the Trustee or Washington Mutual may require an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act and state securities laws, which Opinion of Counsel shall not be an expense of the Trust, the Trustee or Washington Mutual. Any such Certificateholder desiring to effect such transfer shall, and does hereby agree to, indemnify the Trust, the Trustee and Washington Mutual against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. (b) No transfer of a Purchased Certificate shall be made unless the transferee provides Washington Mutual and the Trustee with (i) a Transferee's Agreement, substantially in the form of this Agreement, (ii) an affidavit substantially in the form of Exhibit N to the Pooling Agreement and (iii) if so indicated in such affidavit, a Benefit Plan Opinion (as defined in Section 1.01 of the Pooling Agreement).