Common use of Securitization Trust Clause in Contracts

Securitization Trust. The Servicer may at its option purchase the corpus of the 1999-A Securitization Trust at a price specified in the 1999-A Securitization Trust Agreement, and such purchase of the 1999-A SUBI, the Retained 1999-A SUBI Certificates and other property of the 1999-A Securitization Trust will effect early retirement of this Certificate; PROVIDED, HOWEVER, such right of purchase is exercisable only on the Distribution Date following the last day of a Collection Period as of which the sum of the Note Balance and the Certificate Balance shall be less than or equal to ten percent (10%) of the sum of the Initial Note Balance and the Initial Certificate Balance. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the 1999-A Owner Trustee, by manual signature, this Certificate shall not entitle the Certificateholder hereof to any benefit under the 1999-A Securitization Trust Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.