Depositor as Certificateholder. The Depositor in its individual or any other capacity may become the owner or pledgee of Certificates and may otherwise deal with the Owner Trustee or its Affiliates as if it were not the Depositor.
Depositor as Certificateholder. On the Closing Date, the Depositor shall acquire the Certificate representing the undivided beneficial interest in the Trust and, thereafter, shall retain beneficial and record ownership of the Certificate representing such undivided beneficial interest in the Trust. Any attempted transfer of any Certificate that would reduce such interest of the Depositor shall be void. The Owner Trustee shall cause any Certificate issued to the Depositor to contain a legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE”.
Depositor as Certificateholder. Subject to the proviso set forth in the definition of "Outstanding" in Section 1.1, the Depositor in its individual or any other capacity may become the owner or pledgee of Certificates and may otherwise deal with the Trustee or its Affiliates as if it were not the Depositor.
Depositor as Certificateholder. In determining whether the Holders of the requisite amount of Certificates of any Class have given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Certificate held by the Depositor, its affiliates or agents shall be disregarded and deemed not to be outstanding (unless all of the Certificates shall be so held by the Depositor, its affiliates or agents).
