THE TRANSFEROR CERTIFICATES Sample Clauses

The "Transferor Certificates" clause defines the rights and obligations associated with certificates issued to the party transferring an interest in an asset or security. Typically, this clause outlines the form, issuance, and transferability of such certificates, specifying the conditions under which they may be endorsed, replaced, or surrendered. By establishing clear procedures and requirements for handling transferor certificates, the clause ensures proper documentation and legal recognition of ownership changes, thereby reducing the risk of disputes and facilitating smooth transfers.
THE TRANSFEROR CERTIFICATES. Section 3.01 Initial Beneficiary of Trust....................8 Section 3.02 Issuance of the Transferor Certificates.........8 Section 3.03
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THE TRANSFEROR CERTIFICATES. Section 3.01.
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THE TRANSFEROR CERTIFICATES. (a) Pursuant to Section 3806(b)(2) of the Business Trust Statute, the Trust may issue Transferor Certificates in one or more Series, the principal terms of which shall be in a Series Trust Supplement for the Series. The Transferor Certificates of all outstanding Series shall be equally and ratably entitled to the benefits of this Master Trust Agreement, without preference, priority, or distinction, except, with respect to any Series as provided in the related Series Trust Supplement and except that no Transferor Certificate shall have any interest in any subtrust or the assets of any subtrust other than its related subtrust. (b) By the issuance date of any Transferor Certificate, the Depositor and the Owner Trustee shall execute and deliver a Series Trust Supplement specifying the principal terms of the Series. The terms of the Series Trust Supplement may change the terms of this Master Trust Agreement solely as applied to its Series and subtrust. If a conflict exists between this Master Trust Agreement and any Series Trust Supplement, the Series Trust Supplement shall be controlling for its Series and subtrust. An issuance of Transferor Certificates by the Trust is subject to the satisfaction of the following conditions: (i) By the fifth Business Day before the issuance date of the Series, the Administrator shall have given the Servicer, the Indenture Trustee, the Owner Trustee, each Rating Agency, and any Credit Enhancer written notice of the issuance and its issuance date. The notice shall state the designation of the Series. (ii) The Administrator shall have delivered to the Depositor, the Indenture Trustee, and the Owner Trustee, at least five Business Days before the issuance date of the Series, the related Series Trust Supplement, in form satisfactory to the Owner Trustee, specifying the principal terms of the Series. When the above conditions are satified the Depositor and the Owner Trustee shall execute the Series Trust Supplement and shall execute, deliver, and authenticate the Transferor Certificates of the new Series to the order of the Depositor. Notwithstanding the provisions of this Section, before the execution of any Series Trust Supplement, the Owner Trustee may request and rely on an Opinion of Counsel stating that the execution of the Series Trust Supplement is authorized or permitted by this Master Trust Agreement and any Series Trust Supplement related to any outstanding Series. The Owner Trustee may, but shall not be obligated to, en...
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THE TRANSFEROR CERTIFICATES. A single Transferor Certificate shall be issued. The Transferor Certificate shall be executed on behalf of the Owner Trustee by manual or facsimile signature of a Responsible Officer under the Owner Trustee's seal imprinted thereon and attested on behalf of the Owner Trustee by the manual or facsimile signature of a Responsible Officer. A Transferor Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Owner Trustee shall be a valid and binding obligation of the Trust, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the authentication and delivery of such Transferor Certificate or did not hold such offices at the date of such Transferor Certificate. The Transferor Certificate shall be dated the date of its authentication.
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THE TRANSFEROR CERTIFICATES. 51 Section 4.02. Authentication and Delivery of Transferor Certificate...........................................51 Section 4.03. No Transfer of Transferor Certificate...........................................................52 Section 4.04. Mutilated, Destroyed, Lost or Stolen Certificates...............................................52 Section 4.05. Persons Deemed Owners...........................................................................52 ARTICLE FIVE THE TRANSFEROR
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THE TRANSFEROR CERTIFICATES 
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Related to THE TRANSFEROR CERTIFICATES

  • Class R Certificates Subordinated Certificates.... Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates.

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • TERMS FOR CERTIFICATES Section 11.01 Cut-Off Date................................................. Section 11.02 Cut-Off Date Aggregate Principal Balance..................... Section 11.03

  • 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.

  • Other Certificates Any other certificates of approval, acceptance or compliance required by Lender from any Governmental Authority having jurisdiction over the Mortgaged Property and the Repairs.