Common use of Transfer of the Certificates Clause in Contracts

Transfer of the Certificates. In connection with the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Securities Account"). TLI shall accept the transfer of the 1998-B SUBI Securities Certificate and the 1998-B SUBI Insurance Certificate to the TLI SUBI Securities Account. TMCC hereby agrees to instruct the SUBI Securities Intermediary to credit the transfer of the SUBI Certificate and the 1998-B SUBI Insurance Certificate from the TMCC SUBI Securities Account to the TLI SUBI Securities Account.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Toyota Auto Lease Trust 1998-B)

Transfer of the Certificates. In connection with the transfer of the 1998-B C SUBI Certificate and the 1998-B C SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Securities Account"). TLI shall accept the transfer of the 1998-B C SUBI Securities Certificate and the 1998-B C SUBI Insurance Certificate to the TLI SUBI Securities Account. TMCC hereby agrees to instruct the SUBI Securities Intermediary to credit the transfer of the SUBI Certificate and the 1998-B C SUBI Insurance Certificate from the TMCC SUBI Securities Account to the TLI SUBI Securities Account.

Appears in 1 contract

Sources: Certificate Purchase and Sale Agreement (Toyota Auto Lease Trust 1998 C)

Transfer of the Certificates. In connection with the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Securities Account"). TLI shall accept the transfer of the 1998-B SUBI Securities Certificate and the 1998-B SUBI Insurance Certificate to the TLI SUBI Securities Account. TMCC hereby agrees to instruct the SUBI Securities Intermediary to credit the transfer of the SUBI Certificate and the 1998-B SUBI Insurance Certificate from the TMCC SUBI Securities Account to the TLI SUBI Securities Account. ARTICLE III MISCELLANEOUS Section 3.01.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Toyota Lease Trust)

Transfer of the Certificates. In connection with the transfer of the 1998-B C SUBI Certificate and the 1998-B C SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Securities Account"). TLI shall accept the transfer of the 1998-B C SUBI Securities Certificate and the 1998-B C SUBI Insurance Certificate to the TLI SUBI Securities Account. TMCC hereby agrees to instruct the SUBI Securities Intermediary to credit the transfer of the SUBI Certificate and the 1998-B C SUBI Insurance Certificate from the TMCC SUBI Securities Account to the TLI SUBI Securities Account. ARTICLE III MISCELLANEOUS Section 3.01.

Appears in 1 contract

Sources: Certificate Purchase and Sale Agreement (Toyota Lease Trust)