Common use of Registration of Transfer and Exchange of Residual Interest Instruments Clause in Contracts

Registration of Transfer and Exchange of Residual Interest Instruments. (a) The Certificate Registrar shall keep or cause to be kept, a Certificate Register, subject to such reasonable regulations as it may prescribe. The Certificate Register shall provide for the registration of Residual Interest Instruments and transfers and exchanges of Residual Interest Instruments as provided herein. The Trust Agent, as agent for the Trust, is hereby initially appointed Certificate Registrar for the purpose of registering Residual Interest Instruments and transfers and exchanges of Residual Interest Instruments as herein provided. In the event that, subsequent to the Closing Date, the Trust Agent notifies the Administrator that the Trust Agent is unable to act as Certificate Registrar, the Administrator shall appoint another bank or trust company, having an office or agency located in The City of New York, agreeing to act in accordance with the provisions of this Agreement applicable to it, and otherwise acceptable to the Depositor, to act as successor Certificate Registrar hereunder.

Registration of Transfer and Exchange of Residual Interest Instruments. (a) The Certificate Registrar shall keep or cause to be kept, a Certificate Register, subject to such reasonable regulations as it may prescribe. The Certificate Register shall provide for the registration of Residual Interest Instruments and transfers and exchanges of Residual Interest Instruments as provided herein. The Trust Agent, as agent for the Trust, is hereby initially appointed Certificate Registrar for the purpose of registering Residual Interest Instruments and transfers and exchanges of Residual Interest Instruments as herein provided. In the event that, subsequent to the Closing Date, the Trust Agent notifies the Administrator that the Trust Agent is unable to act as Certificate Registrar, the Administrator shall appoint another bank or trust company, having an office or agency located in The the City of New York, agreeing to act in accordance with the provisions of this Agreement applicable to it, and otherwise acceptable to the Depositor, to act as successor Certificate Registrar hereunder.