Common use of Initial Capital Contribution of Trust Estate Clause in Contracts

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate

Appears in 13 contracts

Samples: Trust Agreement (CNH Equipment Trust 2021-C), Trust Agreement (CNH Equipment Trust 2022-C), Trust Agreement (CNH Equipment Trust 2022-A)

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Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as Depositor of the date hereof, sum of the foregoing contribution, $1,000 which contribution shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 11 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereofthereof, of the sum of $1 of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Distribution Account.

Appears in 5 contracts

Samples: Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Capital One Auto Finance Trust 2002-A), Trust Agreement (Capital One Auto Receivables Trust 2001-B)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateDistribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 4 contracts

Samples: Trust Agreement (National Auto Finance Co Inc), Trust Agreement (National Auto Finance Co Inc), Trust Agreement (National Auto Finance Co Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes contributed, assigned, transferred, conveyed and set over to the Owner Trustee, as of prior to the date hereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, Depositor of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the CertificateCollection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 4 contracts

Samples: Trust Agreement (Navient Funding, LLC), Trust Agreement (Navient Student Loan Trust 2015-1), Trust Agreement (Navient Student Loan Trust 2015-3)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Owner -------------------------------------------- Trustee hereby acknowledges receipt in trust from the Depositor, as Depositor of the date hereof, sum of the foregoing contribution, $1,000 which contribution shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 4 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Initial Capital Contribution of Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor hereby contributes to in connection with the Trustee, as Initial Trust Agreement of the date hereof, the sum of $1.00. The Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute constituted the initial Trust Estate and shall be deposited in the CertificateCertificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 4 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2024-A)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $1.0010.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, Depositor of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the CertificateCollection Account.

Appears in 4 contracts

Samples: Trust Agreement (Crestar Bank /Va), Trust Agreement (Crestar Bank /Va), Trust Agreement (PNC Bank National Association/)

Initial Capital Contribution of Trust Estate. The Depositor Beneficiary hereby contributes assigns, grants and transfers over to the Owner Trustee, on behalf of the Trust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorBeneficiary, as of the date hereof, of the foregoing contribution, which shall will constitute the initial Trust Estate and shall be deposited in the CertificateEstate.

Appears in 3 contracts

Samples: Trust Agreement (American Express Issuance Trust), Trust Agreement (American Express Issuance Trust), American Express Issuance Trust

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt of the foregoing contribution in trust from the Depositor, as of the date hereof, of the foregoing contribution, which contribution shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 3 contracts

Samples: Trust Agreement (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc), And (Consumer Portfolio Services Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt of the foregoing contribution in trust from the Depositor, as of the date hereof, of the foregoing contribution, which contribution shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 3 contracts

Samples: Trust Agreement (Consumer Portfolio Services Inc), And (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The -------------------------------------------- Owner Trustee hereby acknowledges receipt in trust from the Depositor, as Depositor of the date hereof, sum of the foregoing contribution, $1,000 which contribution shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 3 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Initial Capital Contribution of Trust Estate. The -------------------------------------------- Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 3 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution1, which shall constitute the initial Trust Estate and Estate. Under the Administration Agreement, the Administrator shall be deposited in pay the Certificateorganizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Chase Education Loan Trust 2007-A)

Initial Capital Contribution of Trust Estate. The Depositor -------------------------------------------- hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise.

Appears in 2 contracts

Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the CertificateTrust as they may arise.

Appears in 2 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

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Initial Capital Contribution of Trust Estate. The Owner Trustee hereby acknowledges receipt from the Depositor hereby contributes to in connection with the Trustee, as Initial Trust Agreement of the date hereof, the sum of $1.00. The Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute constituted the initial Trust Estate and shall be deposited in the CertificateCertificate Distribution Account. The Depositor shall pay organizational expenses of the Issuing Entity as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee. 2 (NALT 2023-B Amended and Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2023-B), Trust Agreement (Nissan Auto Lease Trust 2023-B)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Lease Trustee, as of the date hereof, the sum of $1.0010. The Lease Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Lease Trust Estate and shall be deposited in the CertificateCertificate Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (RCL Trust 1996 1)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Account. On or prior to the Closing Date, the Owner Trustee will also, upon receipt thereof, acknowledge on behalf of the Trust receipt of the

Appears in 1 contract

Samples: Trust Agreement (Advanta Revolving Home Equity Loan Trust 1999-A)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes Pursuant to the Original Trust Agreement, Depositor has assigned, transferred, conveyed and set over to Owner Trustee, as of the date hereofthereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereofthereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes has sold, assigned, transferred, conveyed and set over to the Trustee, as of the date hereof, Owner Trustee the sum of $1.00. The Trustee OwnerTrustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, Depositor of the foregoing contribution, which shall constitute the initial Trust Estate and Estate. The Depositor shall be deposited in pay the Certificateorganizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mru Abs Ii LLC)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges prior receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, sum of $1 which shall contribution will constitute the initial Owner Trust Estate and shall be deposited in Estate. The Servicer will pay organizational expenses of the CertificateTrust as they may arise or will, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Bond Securitization LLC)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay the Certificateorganizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Chase Credit Card Master Trust)

Initial Capital Contribution of Trust Estate. The -------------------------------------------- Depositor hereby contributes sells, assigns, transfers, conveys and sets over to the TrusteeTrust, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges on behalf of the Trust, receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial assets of the Trust Estate and shall be deposited in the CertificateCollection Account.

Appears in 1 contract

Samples: Trust Agreement (Lehman Abs Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes to the Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereofthereof, of the sum of $1 of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateResidual Interest Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

Initial Capital Contribution of Trust Estate. The Depositor hereby contributes assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the CertificateCertificate Account. On or prior to the Closing Date, the

Appears in 1 contract

Samples: Trust Agreement (Advanta Conduit Receivables Inc)

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