SUBI Certificate Sample Clauses
The SUBI Certificate clause establishes the requirement for a certificate that evidences the existence and details of a Special Unit Beneficial Interest (SUBI) in a trust or similar structure. This certificate typically outlines the rights and interests of the holder in relation to specific assets, such as receivables or leases, and may be issued as part of a securitization transaction. By formalizing the documentation of beneficial interests, the clause ensures clear identification and transferability of those interests, thereby reducing ambiguity and facilitating the smooth operation of asset-backed transactions.
SUBI Certificate. The SUBI Certificate conforms in all material respects to the descriptions thereof and the statements relating thereto contained in the Registration Statement, the Preliminary Prospectus and the Final Prospectus, as then amended or supplemented, and the SUBI Certificate has been duly and validly authorized and, when executed, issued, authenticated and delivered in accordance with the SUBI Trust Agreement, will be duly and validly issued and outstanding and entitled to the benefits of the SUBI Trust Agreement.
SUBI Certificate. Immediately prior to the transfer of the 2025-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 2025-1 SUBI Certificate and it has the legal right to transfer the 2025-1 SUBI Certificate; (B) has good and valid title to the 2025-1 SUBI Certificate and the 2025-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 2025-1 SUBI Certificate to the Transferee under this Agreement.
SUBI Certificate. In consideration of the Transferee’s delivery to, or upon the order of, the Transferor of $1,250,000,000 aggregate principal amount of Notes and the Trust Certificates (the “Transfer Price”), the Transferor does hereby absolutely sell, transfer, assign, and otherwise convey to the Transferee, without recourse, and the Transferee does hereby purchase and acquire, as of the date set forth above, all of the following (collectively, the “Assets”):
SUBI Certificate. The Issuer has caused the Vehicle Trustee to deliver the 2010-1 SUBI Certificate to the Indenture Trustee, as Registered Pledgee, who shall have the rights with respect thereto described herein and in the Indenture.
SUBI Certificate. The Seller has not authorized the filing of, nor is aware of, any financing statements against the Seller that include a description of collateral covering the Transaction SUBI Certificate other than any financing statement relating to any security interest granted pursuant to the Transaction Documents or that has been terminated.
SUBI Certificate. The Indenture Trustee shall be notified promptly of any amendments to this Supplement.
SUBI Certificate. In consideration of the Transferee’s delivery to, or upon the order of, the Transferor of $[•] (the “Transfer Price”) consisting of $[•] in cash by federal wire transfer (same day) funds, of which an amount equal to approximately [•]% of the Transfer Price will represent the proceeds of a capital contribution from NMAC to the Transferee, the Transferor hereby absolutely sells, transfers, assigns and otherwise conveys to the Transferee, without recourse, and the Transferee does hereby purchase and acquire, as of the date set forth above, all of the Transferor’s right, title and interest in and to the following (collectively, the “Assets”):
SUBI Certificate. The Issuer intends to grant a security interest in those loans and in the 2022-1A SUBI Certificate to the Indenture Trustee pursuant to the Indenture.
SUBI Certificate. The Servicer shall be a third party beneficiary of its option to purchase, or cause to be purchased, the 20[●]-[●] SUBI Certificate from the Issuing Entity in accordance with Section 9.03 of the Trust Agreement.
SUBI Certificate. On the Closing Date, the Issuing Entity shall deliver or cause to be delivered to the Indenture Trustee as security for its obligations hereunder, the 20[●]-[●] SUBI Certificate. The Indenture Trustee shall take possession of the 20[●]-[●] SUBI Certificate in the Borough of Manhattan in the City of New York and shall at all times during the period of this Indenture maintain custody of the 20[●]-[●] SUBI Certificate in the Borough of Manhattan in the City of New York.