Common use of Transfers of Class VRR Certificates Clause in Contracts

Transfers of Class VRR Certificates. At all times during the VRR Interest Transfer Restriction Period and the EU/UK Transfer Restriction Period, if a transfer of any Class VRR Certificate is to be made (other than in connection with the transfers on the Closing Date by the Depositor to the Loan Seller), then the Certificate Registrar shall refuse to register such transfer unless it receives (and, upon receipt, may conclusively rely upon) (i) a certification from such Certificateholder’s prospective Transferee substantially in the form attached hereto as Exhibit H-3, which such certification must (1) be countersigned by the applicable Retaining Party, the Retaining Sponsor (if different than the applicable Retaining Party) and the Depositor and