Form of Trust Certificates Sample Clauses

Form of Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of a typewritten Trust Certificate or Trust Certificates representing definitive, fully registered Trust Certificates (the “Definitive Trust Certificates”) and shall be registered in the name of the Depositor or upon order of the Depositor as the initial registered owner thereof. The Owner Trustee shall execute and authenticate, or cause to be authenticated, the Definitive Trust Certificates in accordance with the instructions of the Depositor. The Depositor hereby orders the Owner Trustee to execute and authenticate, or cause to be authenticated, the Definitive Trust Certificates. Neither the Certificate Registrar nor the Owner Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of the Trust Certificates, the Owner Trustee and each Paying Agent shall recognize the Holders of the Trust Certificates as Certificateholders. The Trust Certificates shall be printed, lithographed or engraved, or may be produced in any other manner as is reasonably acceptable to the Owner Trustee, as evidenced by its execution thereof.
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Form of Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of typewritten Trust Certificates representing definitive, fully registered Trust Certificates (the “Definitive Trust Certificates”) and shall be registered in the name of BMW FS Securities LLC and BMW Bank of North America as the initial registered owners thereof in Certificate Percentage Interests of 84.98208873% and 15.01791127%, respectively. The Owner Trustee shall execute and authenticate (or U.S. Bank Trust Company, National Association, as the Trust’s authenticating agent shall authenticate) the Definitive Trust Certificates in accordance with the instructions of the Depositor. The Depositor hereby orders the Owner Trustee to execute and authenticate (or U.S. Bank Trust Company, National Association, as the Trust’s authenticating agent shall authenticate) the Definitive Trust Certificates. Neither the Certificate Registrar nor the Owner Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of the Trust Certificates, the Owner Trustee and each Paying Agent shall recognize the Holders of the Trust Certificates as Certificateholders. The Trust Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Owner Trustee, as evidenced by its execution thereof.
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Form of Trust Certificates. The Trust Certificates, upon original issuance, will be issued in the form of a typewritten Trust Certificate or Trust Certificates representing definitive, fully registered Trust Certificates (the “Definitive Trust Certificates”) and shall be registered in the name of BMW FS Securities LLC as the initial registered owner thereof. The Owner Trustee shall execute and authenticate (or Citibank, N.A. as the Trust’s authenticating agent shall authenticate) the Definitive Trust Certificates in accordance with the instructions of the Depositor. The Depositor hereby orders the Owner Trustee to execute and authenticate (or Citibank, N.A. as Trust’s authenticating agent shall authenticate) the Definitive Trust Certificates. Neither the Certificate Registrar nor the Owner Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of the Trust Certificates, the Owner Trustee and each Paying Agent shall recognize the Holders of the Trust Certificates as Certificateholders. The Trust Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Owner Trustee, as evidenced by its execution thereof.
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Form of Trust Certificates. Global Trust Certificate registered in the name of a nominee for [a common depositary for Euroclear and Clearstream, Luxembourg/a common safekeeper for Euroclear and Clearstream, Luxembourg (that is, held under the NSS)] 24 Other terms or special conditions: [Not Applicable] [ ] DISTRIBUTION 25 If syndicated, names of Managers: [Not Applicable] [ ] 26 If non-syndicated, name of Dealer: [Not Applicable] [ ] 27 Additional selling restrictions: [Not Applicable] [See Schedule [ ] of the [subscription] agreement dated [ ]] 28 U.S. Selling Restrictions: [Reg. S Compliance Category 2; TEFRA D/TEFRA C/TEFRA not applicable] 29 Prohibition of Sales to EEA Retail Investors: [Applicable/Not Applicable] 30 Prohibition of Sales to UK Retail Investors: [Applicable/Not Applicable] PROVISIONS IN RESPECT OF THE PORTFOLIO 31 Details of Transaction Account: [IDB Trust Services Limited / IsDB Trust Services No.2 SARL] Transaction Account No: [ ] with [ ] for Series No.: [ ] [THIRD PARTY INFORMATION Each of [IDB Trust Services Limited / IsDB Trust Services No.2 SARL] and the IsDB accepts responsibility for the information contained in this Pricing Supplement. [Relevant third party information] has been extracted from [specify source]. Each of the Issuer and the IsDB confirms that such information has been accurately reproduced and that, so far as it is aware, and is able to ascertain from information published by [specify source], no facts have been omitted which would render the reproduced information inaccurate or misleading.] Signed on behalf of [IDB Trust Services Limited / IsDB Trust Services No.2 SARL]: By: Duly authorised Signed on behalf of the Islamic Development Bank: By: ................................................................. Duly authorised Part B – Other Information
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Form of Trust Certificates. Global Trust Certificate registered in the name of a nominee for [a common depositary for Euroclear and Clearstream, Luxembourg/a common safekeeper for Euroclear and Clearstream, Luxembourg (that is, held under the NSS)] DISTRIBUTION 24 If syndicated, names of Managers: [Not Applicable] [ ] 25 If non-syndicated, name of Dealer: [Not Applicable] [ ] 27 Prohibition of Sales to EEA Retail Investors: [Applicable/Not Applicable] 28 Prohibition of Sales to UK Retail Investors: [Applicable/Not Applicable] PROVISIONS IN RESPECT OF THE PORTFOLIO 29 Details of Transaction Account: [IDB Trust Services Limited / IsDB Trust Services No.2 SARL] Transaction Account No: [ ] with [ ] for Series No.: [ ] [THIRD PARTY INFORMATION [Relevant third party information] has been extracted from [specify source]. Each of the Issuer and the IsDB confirms that such information has been accurately reproduced and that, so far as it is aware, and is able to ascertain from information published by [specify source], no facts have been omitted which would render the reproduced information inaccurate or misleading.] Signed on behalf of [IDB Trust Services Limited / IsDB Trust Services No.2 SARL]: By: .................................................................. Duly authorised Signed on behalf of the Islamic Development Bank: By: ................................................................. Duly authorised Part B – Other Information
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Related to Form of Trust Certificates

  • The Trust Certificates The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that one Trust Certificate may be issued in such denomination as required to include any residual amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee and shall have deemed to have been validly issued when so executed and authenticated (as set forth in Section 3.03 below). Trust Certificates bearing the manual or facsimile signatures (which signature may be a scanned electronic version) of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Owner Trustee, shall be validly issued and binding obligations of the Issuer 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 Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. A transferee of a Trust Certificate shall become a Certificateholder and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04.

  • Owner Trustee May Own Trust Certificates and Notes The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.

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

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