THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS Sample Clauses

THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS. Section 3.01 The Residual Certificates. The Residual Certificates shall initially be issued as two certificates in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. The Class B Certificate shall be issued in minimum denominations of 1% Percentage Interest in such Certificates. The Class P Certificate shall be issued with an initial principal balance of $100. The Class L Certificates shall not be issued in authorized denominations of less than a 100% Percentage Interest in such Certificates. The Class R Certificates shall not be issued in authorized denominations of less than a 100% Percentage Interest in such Certificates. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer of the Owner Trustee and authenticated in the manner provided in Section 3.02. A Residual Certificate bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Residual Certificate or did not hold such offices at the date of authentication and delivery of such Residual Certificate. A Person shall become a Certificateholder and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such Person's acceptance of a Residual Certificate duly registered in such Person's name pursuant to Section 3.03.
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THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS. 14 Section 3.01. The Residual Certificates Section 3.02. Execution, Authentication and Delivery of the Residual Certificates Section 3.03. Registration of and Limitations on Transfers and Exchanges of the Residual Certificates 15 Section 3.04. Lost, Stolen, Mutilated or Destroyed Residual Certificates 18 Section 3.05. Persons Deemed Certificateholders Section 3.06. Access to List of Certificateholders’ Names and Addresses 19 Section 3.07. ERISA Restrictions Section 3.08. Maintenance of Office or Agency 20 Section 3.09. Certificate Paying Agent. 20 Section 3.10. Initial Beneficiary Section 3.11. Distributions on Residual Certificates ARTICLE IV APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 22 Section 4.01. Certificate Account Section 4.02. Application of Trust Funds. Section 4.03. Method of Payment Section 4.04. REMIC Related Covenants Section 4.05. Segregation of Moneys; No Interest
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THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS. Section 3.01. The Residual Certificates Section 3.02. Execution, Authentication and Delivery of the Residual Certificates Section 3.03. Registration of and Limitations on Transfers and Exchanges of the Residual Certificates. Section 3.04. Lost, Stolen, Mutilated or Destroyed Residual Certificates
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THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS 
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Related to THE RESIDUAL CERTIFICATES AND TRANSFERS OF INTERESTS

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

  • Certificates and Transfer of Interests 9 Section 3.1 Initial Ownership 9 Section 3.2 The Certificates 9 Section 3.3 Authentication of Certificates 10 Section 3.4 Registration of Certificates; Transfer and Exchange of Certificates 10 Section 3.5 Mutilated, Destroyed, Lost or Stolen Certificates 12 Section 3.6 Persons Deemed Owners 13 Section 3.7 Access to List of Certificateholders’ Names and Addresses 13 Section 3.8 Maintenance of Office or Agency 14 Section 3.9 Appointment of Paying Agent 14

  • Certificate and Transfer of Interest 8 SECTION 3.1. Initial 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 SECTION 3.6.

  • Residual Interest and Transfer of Interests 6 Section 3.1. The Residual Interest. 6

  • Transfer Restrictions on Residual Certificates (a) Residual Certificates, or interests therein, may not be transferred without the prior express written consent of the Tax Matters Person and the Seller. As a prerequisite to such consent, the proposed transferee must provide the Tax Matters Person, the Seller and the Trustee with an affidavit that the proposed transferee is a Permitted Transferee (and, unless the Tax Matters Person and the Seller consent to the transfer to a person who is not a U.S. Person, an affidavit that it is a U.S. Person) as provided in Subsection 5.05(b).

  • Certificates Representing Units; Lost, Stolen or Destroyed Certificates; Registration and Transfer of Units (a) Units shall not be certificated unless otherwise determined by the Manager. If the Manager determines that one or more Units shall be certificated, each such certificate shall be signed by or in the name of the Company, by the Chief Executive Officer and any other officer designated by the Manager, representing the number of Units held by such holder. Such certificate shall be in such form (and shall contain such legends) as the Manager may determine. Any or all of such signatures on any certificate representing one or more Units may be a facsimile, engraved or printed, to the extent permitted by applicable Law. The Manager agrees that it shall not elect to treat any Unit as a “security” within the meaning of Article 8 of the Uniform Commercial Code unless thereafter all Units then outstanding are represented by one or more certificates.

  • Transfers of Partnership Interests Except as the Partners may otherwise agree from time to time, a Partner may not Transfer all or any part of its Partnership Interest without the Consent of each other Partner, which Consent may be withheld in the sole discretion of each such other Partner.

  • Transfers of Interests The Transferee of any Interests shall be admitted to the LLC as a substitute member of the LLC on the effective date of such Transfer upon (i) such Transferee’s written acceptance of the terms and provisions of this Agreement and its written assumption of the obligations hereunder of the Transferor of such Interests, and (ii) the recording of the Transfer of Interests and the Transferee’s name as a substitute member on the books and records of the LLC. Any Transfer of any Interests pursuant to this Section 7.1 shall be effective as of the registration of the Transfer of Interests in the books and records of the LLC and a Transferor of all of its Interest shall not cease to be a member of the LLC until the Transferee is admitted to the LLC as a member of the LLC.

  • Transfers of Limited Partnership Interests 9.1 Restrictions on Transfer of Limited Partnership Interests.

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