Common use of The Residual Certificates Clause in Contracts

The Residual Certificates. Each Class of Residual Certificates shall be issued in minimum Percentage Interests of 10% and integral multiples of 1% in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A transferee of a Residual Certificate shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, upon due registration of such Residual Certificate in such transferee’s name pursuant to Section 4.4.

The Residual Certificates. Each Class of The Residual Certificates shall initially be issued as two certificates in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Residual Certificate shall be issued in minimum authorized denominations of less than a 100% Percentage Interests of 10% and integral multiples of 1% Interest in excess thereofsuch Certificates. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer Authorized Officer of the Owner TrusteeTrustee and authenticated in the manner provided in Section 3.02. A Residual Certificates Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates Certificate or did not hold such offices at the date of authentication and delivery of such Residual CertificatesCertificate. A transferee of a Residual Certificate Person shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, Certificateholder hereunder upon due registration such Person’s acceptance of such a Residual Certificate duly registered in such transfereePerson’s name pursuant to Section 4.43.03.

The Residual Certificates. Each Class of Except for Residual Certificates issued to the Sponsor, the Residual Certificates shall be issued in minimum Percentage Interests denominations of 10% $1,000 and integral multiples of 1% $1,000 in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A transferee of a Residual Certificate shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, upon due registration of such Residual Certificate in such transferee’s 's name pursuant to Section 4.4.

The Residual Certificates. Each Class of The Residual Certificates shall not be issued in minimum Percentage Interests of 10% and integral multiples of 1% in excess thereofwith a principal or notional amount. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer a Trust Officer of the Owner Trustee or the Co-Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued valid and entitled to binding obligations of the benefit of this AgreementTrust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A transferee of a Residual Certificate shall become a Residual Certificateholder an Owner, and shall be entitled to the rights and subject to the obligations of an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee's acceptance of a Residual Certificateholder, hereunder, upon due registration of such Residual Certificate duly registered in such transferee’s 's name pursuant to Section 4.43.4.

The Residual Certificates. Each Class of Except for Residual Certificates issued to the Sponsor, the Residual Certificates shall be issued in minimum Percentage Interests denominations of 10% $1,000 and integral multiples of 1% $1,000 in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A transferee of a Residual Certificate shall become a Residual Certificateholder Certificateholder, and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, Certificateholder hereunder, upon due registration of such Residual Certificate in such transferee’s 's name pursuant to Section 4.4.

The Residual Certificates. Each Class of Except for Residual Certificates issued to the Sponsor, the Residual Certificates shall be issued in minimum Percentage Interests denominations of 10% $1,000 and integral multiples of 1% $1,000 in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A transferee of a Residual Certificate shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, Certificateholder hereunder, upon due registration of such Residual Certificate in such transferee’s 's name pursuant to Section 4.4.

The Residual Certificates. Each Class of Residual Certificates shall be issued in minimum Percentage Interests of 10% and integral multiples of 1% in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A permitted transferee of a Residual Certificate shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, upon due registration of such Residual Certificate in such transferee’s name pursuant to Section 4.4.

The Residual Certificates. Each Class of The Residual Certificates shall initially be issued as four certificates in minimum Percentage Interests of 10% definitive, fully registered form and integral multiples of 1% shall initially be registered in excess thereofthe names set forth in Exhibits A-1 through A-4. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer Authorized Officer of the Owner TrusteeTrustee and authenticated in the manner provided in Section 3.02. A Residual Certificates Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates Certificate or did not hold such offices at the date of authentication and delivery of such Residual CertificatesCertificate. A transferee of a Residual Certificate Person shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, Certificateholder hereunder upon due registration such Person's acceptance of such a Residual Certificate duly registered in such transferee’s Person's name pursuant to Section 4.43.03.

The Residual Certificates. Each Class of The Residual Certificates shall initially be issued as four certificates in minimum Percentage Interests of 10% definitive, fully registered form and integral multiples of 1% shall initially be registered in excess thereofthe names set forth in Exhibits A-1 through A-4. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer Authorized Officer of the Owner TrusteeTrustee and authenticated in the manner provided in Section 3.02. A Residual Certificates Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates Certificate or did not hold such offices at the date of authentication and delivery of such Residual CertificatesCertificate. A transferee of a Residual Certificate Person shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, Certificateholder hereunder upon due registration such Person’s acceptance of such a Residual Certificate duly registered in such transfereePerson’s name pursuant to Section 4.43.03.

The Residual Certificates. Each Class of Residual Certificates shall be issued in minimum Percentage Interests of 10% and integral multiples of 1% in excess thereof. The Residual Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee. Residual Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued 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 Residual Certificates or did not hold such offices at the date of authentication and delivery of such Residual Certificates. A permitted transferee of a Residual Certificate shall become a Residual Certificateholder and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder, hereunder, upon due registration of such Residual Certificate in such transferee’s 's name pursuant to Section 4.4.