Common use of The Trust Certificates Clause in Contracts

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.

The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of $100,000 and integral multiples thereof; provideda one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, however, that one no Trust Certificate may be issued sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such denomination as required to include any residual amountSection shall be null and void. The Trust Certificates shall may be in printed or in typewritten form, and may be executed by the Owner Trustee on behalf of the Issuer Securitization Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeSecuritization Trust, 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 If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of a such Trust Certificate shall become a Certificateholder Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form set forth in Exhibit A. Except for the issuance of $100,000 and integral multiples thereof; providedthe Trust Certificate to the Transferor, however, that one no Trust Certificate may be issued sold, pledged or otherwise transferred to any Person except in such denomination accordance with Section 3.04 and Section 3.10, as required to include applicable, and any residual amountattempted sale, pledge or transfer in violation of Section 3.04 or Section 3.10, as applicable, shall be null and void. The Trust Certificates shall may be in printed or in typewritten form, and may 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)Authenticating Agent. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeIssuer, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.04, the transferee of a such Trust Certificate shall become a Certificateholder Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form 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. Exhibit A. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 If a transfer of the Trust Certificates is permitted pursuant to Section 3.11, 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.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form set forth in Exhibit A. Except for the issuance of $100,000 and integral multiples thereof; providedthe Trust Certificate to the Transferor, however, that one no Trust Certificate may be issued sold, pledged or otherwise transferred to any Person except in such denomination accordance with Section 3.04 and Section 3.10, as required to include applicable, and any residual amountattempted sale, pledge or transfer in violation of Section 3.04 or Section 3.10, as applicable shall be null and void. The Trust Certificates shall may be in printed or in typewritten form, and may 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)Authenticating Agent. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeIssuer, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.04, the transferee of a such Trust Certificate shall become a Certificateholder Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04.

The Trust Certificates. The trust certificates (each evidencing the beneficial interest of the Certificateholder in the Issuing Entity and substantially in the form of Exhibit A hereto, a “Trust Certificate”) shall in the aggregate represent a 100% Percentage Interest in the Trust. On the date hereof, the Depositor or its designee shall be the sole Certificateholder of each of the Trust Certificates and each of the Trust Certificates shall be issued registered, upon initial issuance, in minimum denominations the name 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 amountthe Depositor or its designee. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer 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)Trustee. 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 shall have been 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 3.043.03.

The Trust Certificates. The trust certificates (each evidencing the beneficial interest of the Certificateholder in the Issuing Entity and substantially in the form of Exhibit A hereto, a "Trust Certificate") shall in the aggregate represent a 100% Percentage Interest in the Trust. On the date hereof, the Depositor or its designee shall be the sole Certificateholder of each of the Trust Certificates and each of the Trust Certificates shall be issued registered, upon initial issuance, in minimum denominations the name 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 amountthe Depositor or its designee. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer 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)Trustee. 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 shall have been 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.03.

The Trust Certificates. The Trust Certificates shall be issued substantially in the form of Exhibit C hereto. The Trust Certificates shall be issuable in minimum denominations of $100,000 1,000 and integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Company pursuant to Section 3.11 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 Trust by manual or facsimile signature (which of an authorized officer of the Owner Trustee and attested on behalf of the Owner Trustee by the manual or facsimile signature may be a scanned electronic version) of an authorized officer of the Owner Trustee and shall have be deemed to have been validly issued when so executed and authenticated (as set forth in Section 3.03 below)executed. 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, Trustee shall be validly issued valid and binding obligations of the Issuer and entitled to 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 Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. A transferee of a All Trust Certificate shall become a Certificateholder and Certificates shall be entitled to dated the rights and subject to the obligations date of a Certificateholder hereunder upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04their authentication.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 20,000 and in integral multiples of $1 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Company pursuant to Section 3.10 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 Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and in integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Depositor pursuant to Section 3.10 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 Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be initially issued to the Depositor as a single Certificate in minimum a Percentage Interest of 100%. The Trust Certificate shall be divisible into 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 amounta single class representing minimum Percentage Interests of not less than 5%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed the power and authority and it is hereby authorized and empowered, in the name and on behalf of the Trust to have been validly issued when so executed authorize, execute, issue and authenticated (as set forth in Section 3.03 below)deliver the Trust Certificates. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be initially issued to the Seller as a single Certificate in minimum a Percentage Interest of 100%. The Trust Certificate shall be divisible into 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 amounta single class representing minimum Percentage Interests of not less than 5%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed the power and authority and it is hereby authorized and empowered, in the name and on behalf of the Trust to have been validly issued when so executed authorize, execute, issue and authenticated (as set forth in Section 3.03 below)deliver the Trust Certificates. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form 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. Exhibit A. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 If a transfer of the Trust Certificates is permitted pursuant to Section 3.11, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be initially issued to the Seller as a single Certificate in minimum a Percentage Interest of 100%. The Trust Certificate shall be divisible into 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 amounta single class representing minimum Percentage Interests of not less than 5%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed the power and authority and it is hereby authorized and empowered, in the name and on behalf of the Trust to have been validly issued when so executed authorize, execute, issue and authenticated (as set forth in Section 3.03 below)deliver the Trust Certificates. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that a one Trust Certificate may be issued percent (1%) Percentage Interest in such denomination as required to include any residual amountthe Trust. 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)Trustee. 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 shall have been 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 AgreementAgreement and shall be valid and binding obligations of the Owner Trustee, 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 Certificate, if any, shall become a Certificateholder Certificateholder, shall become bound by this Agreement and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates (other than the Residual Interest) shall be issued in minimum denominations of $100,000 and in integral multiples of $1,000 in excess thereof; provided, however, that one Trust Certificate the FRH Certificates issued to the Company pursuant to Section 3.10 may be issued in such denomination as required to include any residual a lesser denomination. Upon the issuance of the Trust Certificates, the Company will be issued the FRH Certificates. The Residual Interest shall not be issued with a principal amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 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 an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form 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. Exhibit A. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 If a transfer of the Trust Certificates is permitted pursuant to Section 3.11, 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.

The Trust Certificates. The Trust Certificates shall be substantially in the form of Exhibit A hereto. The Trust Certificates shall be issued in an amount equal to the Certificate Balance. Except as otherwise set forth in a supplement to this Agreement, the Trust Certificates shall be issued from time to time in minimum denominations Percentage Interests of $100,000 10% and integral multiples of 1% in excess thereof; provided, however, provided that one Trust Certificate may be issued in such denomination as required to include any residual amounta different denomination. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee and shall have be deemed to have been validly issued when so executed and authenticated (as set forth in Section 3.03 below)executed. The 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, Trustee shall be validly issued a valid and binding obligations obligation of the Issuer and entitled to 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 Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. A transferee of a Each Trust Certificate shall become a Certificateholder and shall be entitled to dated the rights and subject to the obligations date of a Certificateholder hereunder upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04its authentication.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 [_______] and in integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Depositor pursuant to Section 3.10 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 Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.. Each Trust Certificate issued in accordance with this Trust Agreement shall be deemed fully paid and non-assessable

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that a one Trust Certificate may be issued percent (1%) Percentage Interest in such denomination as required to include any residual amountthe Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 Certificate, if any, shall become a Certificateholder Certificateholder, shall become bound by this Agreement and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 [___] and in integral multiples of $[___] in excess thereof; provided, however, that one the Trust Certificate Certificates 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 Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 Certificate, if any, shall become a Certificateholder and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates (other than the Residual Interest) shall be issued in minimum denominations of $100,000 notional amount and in integral multiples of $1,000 in excess thereof; provided, however, that one Trust Certificate may . The Residual Interest Instruments shall not be issued in such denomination as required to include any residual with a principal or notional amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)or the Administrator. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 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 an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that a one Trust Certificate may be issued percent (1%) Percentage Interest in such denomination as required to include any residual amountthe Trust. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 Certificate, if any, shall become a Certificateholder and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 1,000 and integral multiples thereof; provided, however, that one the Trust Certificate Certificates issued to the Depositor 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 of an authorized officer of the Owner Trustee and attested on behalf of the Owner Trustee by the manual or facsimile 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)executed. 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Subject to Section 3.3, the Trust Certificates shall be issued in minimum denominations corresponding to an Ownership Percentage of $100,000 10% and integral multiples of 1% in excess thereof; providedPROVIDED, however, that one Trust Certificate Certificates may be issued to the Holder of the GP Interest in such denomination as required minimum denominations corresponding to include any residual amountan Ownership Percentage of 1%. The Trust Certificates shall be executed by in the Owner Trustee name and on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to have been validly issued when so executed authorize, execute, authenticate, issue and authenticated (as set forth in Section 3.03 below)deliver Trust Certificates, the GP Interest and the Voting Interest. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued substantially in minimum denominations the form 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. Exhibit A. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit of this AgreementAgreement and shall be valid and binding obligations of the Trust, 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 If a transfer of the Trust Certificates is permitted pursuant to Section 3.11, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates (other than the Residual Interest) shall be issued in minimum denominations of $100,000 and in integral multiples of $500 in excess thereof; provided, however, that one Trust Certificate the FRH Certificates issued to the Company pursuant to Section 3.10 may be issued in such denomination as required to include any residual a lesser denomination. Upon the issuance of the Trust Certificates, the Company will be issued the FRH Certificates. The Residual Interest shall not be issued with a principal amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 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 an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Subject to Section 3.3, the Trust Certificates shall be issued in minimum denominations corresponding to an Ownership Percentage of $100,000 10% and integral multiples of 1% in excess thereof; providedPROVIDED, howeverHOWEVER, that one Trust Certificate Certificates may be issued to the Holder of the GP Interest in such denomination as required minimum denominations corresponding to include any residual amountan Ownership Percentage of 1%. The Trust Certificates shall be executed by in the Owner Trustee name and on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to have been validly issued when so executed authorize, execute, authenticate, issue and authenticated (as set forth in Section 3.03 below)deliver Trust Certificates, the GP Interest and the Voting Interest. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued ---------------------- in minimum denominations of $100,000 250,000 and in integral multiples of $250 in excess thereof; provided, however, that one Trust Certificate the FRH Certificates issued to the Company -------- ------- pursuant to Section 3.10 may be issued in such denomination as required to include any residual a lesser denomination. Concurrently with the issuance of the Trust Certificates, the Company will be issued the FRH Certificates. The Residual Interest Instruments shall not be issued with a principal amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 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 an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 1,000 and integral multiples thereof; provided, however, that one the Trust Certificate Certificates issued to AHRC pursuant to Section ___ 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 of an authorized officer of the Owner Trustee and attested on behalf of the Owner Trustee by the manual or facsimile 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)executed. 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04.

The Trust Certificates. (a) The Trust Certificates shall be issued substantially in minimum denominations the form set forth in Exhibit A. Except for the issuance of $100,000 and integral multiples thereof; providedthe Trust Certificate to the Transferor, however, that one no Trust Certificate may be issued sold, pledged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge or transfer in violation of such denomination as required to include any residual amountSections shall be null and void. The Trust Certificates shall may be in printed or in typewritten form, and may 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)Authenticating Agent. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeIssuer, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.04, the transferee of a such Trust Certificate shall become a Certificateholder Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04.

The Trust Certificates. The Subject to Section 3.3, the Trust Certificates shall be issued in minimum denominations corresponding to an Ownership Percentage of $100,000 10% and integral multiples of 1% in excess thereof; providedPROVIDED, howeverHOWEVER, that one Trust Certificate Certificates may be issued to the Holder of the Special Interest in such denomination as required minimum denominations corresponding to include any residual amountan Ownership Percentage of 1%. The Trust Certificates shall be executed by in the Owner Trustee name and on behalf of the Issuer Trust by manual or facsimile signature (which signature may be a scanned electronic version) of an authorized officer of the Owner Trustee, and the Owner Trustee and shall have deemed power and authority and is hereby authorized and empowered, in the name and on behalf of the Trust, to have been validly issued when so executed authorize, execute, authenticate, issue and authenticated (as set forth in Section 3.03 below)deliver Trust Certificates, the Special Interest and the Voting Interest. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of the Issuer and entitled to the benefit benefits 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 Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 20,000 and in integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Depositor may be issued in such denomination as is required to include any residual amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04. The initial Holder of the Trust Certificates shall be the Depositor. In the event that the Depositor transfers any of the Trust Certificates to any other Person, the Depositor, by its transfer, and such Person, by its acceptance of the Trust Certificates so transferred, shall be deemed to have agreed to treat the Trust as a partnership with the Trust Certificates representing partnership interests therein and the Notes representing debt thereof. Any transfer by such transferee shall be subject to the same condition.

The Trust Certificates. The Trust Certificates (other than the Residual Interest) shall be issued in minimum denominations of $100,000 and in integral multiples of $1,000 in excess thereof; provided, however, that one Trust Certificate the Company Certificates issued to the Company pursuant to Section 3.10 may be issued in such denomination as required to include any residual a lesser denomination. Upon the issuance of the Trust Certificates, the Company will be issued the Company Certificates. The Residual Interest shall not be issued with a principal amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature (which signature may be of a scanned electronic version) of an authorized officer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 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 an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder an Owner hereunder and under the Sale and Servicing Agreement, upon such transferee’s 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.043.4.

The Trust Certificates. The Trust Certificates shall ---------------------- be issued in minimum denominations of $100,000 and 1,000 or in integral multiples of $l,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the -------- ------- Company pursuant to Section 3.10 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 Trust 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)Eligible Lender Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued and binding obligations of by the Issuer Trust and entitled to the benefit benefits 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 Person shall become a Certificateholder Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder hereunder, upon such transferee’s Person's acceptance of a Trust Certificate duly registered in such transferee’s Person's name pursuant to Section 3.04.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and 1,000 or in integral multiples of $1,000 in excess thereof; providedPROVIDED, howeverHOWEVER, that one Trust Book-Entry Certificate may be issued in such denomination as required a different denomination, and PROVIDED, FURTHER, that if Definitive Certificates are issued, the Trust Certificate issued to include any residual amountthe Depositor, pursuant to Section 3.10, may be issued in a different denomination. The Trust Certificates shall be in the form of Exhibit A hereto and shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Eligible Lender Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, shall be validly issued valid and binding obligations of the Issuer and entitled to 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 Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. A transferee The Depositor shall also be the owner of an uncertificated residual interest in the Trust, which shall for all purposes hereof be considered a separate Class of Trust Certificates, with a Certificate shall become a Certificateholder and shall be entitled Balance of zero, that is subordinated in payment rights to the rights holders of all other Trust Certificates, as set forth in Sections 5.04(b) and subject to 5.04(c) of the obligations Indenture and Section 5.05(c) of a Certificateholder hereunder upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04the Sale and Servicing Agreement.

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 250,000 and in integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate issued to the Depositor pursuant to Section 3.11 may be issued in such denomination as is required to include any residual amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeTrust, 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 's acceptance of a Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04. Each Holder of the Trust Certificates, by its acceptance of a Trust Certificate, shall be deemed to have agreed to treat the Trust as a partnership with the Trust Certificates representing partnership interests therein and the Notes representing debt thereof. In the event that a Holder transfers any Trust Certificate to any other Person, such Holder, by its transfer, and such Person, by its acceptance of the Trust Certificate so transferred, shall be subject to the same condition.

The Trust Certificates. The Trust Certificates shall be issued substantially in the form of Exhibit C hereto. The Trust Certificates shall be issuable in minimum denominations of $100,000 1,000 and integral multiples of $1,000 in excess thereof; provided, however, that one the Trust Certificate Certificates issued to the Company pursuant to Section 3.11 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 Trust by manual or facsimile signature (which of an authorized officer of the Owner Trustee under the Owner Trustee's seal imprinted thereon and attested on behalf of the Owner Trustee by the manual or facsimile signature may be a scanned electronic version) of an authorized officer of the Owner Trustee and shall have be deemed to have been validly issued when so executed and authenticated (as set forth in Section 3.03 below)executed. 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, Trustee shall be validly issued valid and binding obligations of the Issuer and entitled to 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 Trust Certificates or did not hold such offices at the date of authentication and delivery of such Trust Certificates. A transferee of a All Trust Certificate shall become a Certificateholder and Certificates shall be entitled to dated the rights and subject to the obligations date of a Certificateholder hereunder upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04their authentication.

The Trust Certificates. The Trust Certificates shall be substantially in the form set forth in Exhibit A and shall be issued in minimum denominations of $100,000 and integral multiples thereof; provideda one percent Percentage Interest in the Securitization Trust. Except for the issuance of Trust Certificates to the Depositor, however, that one no Trust Certificate may be issued sold, pledged or otherwise transferred to any Person except in accordance with Section 3.4 and any attempted sale, pledge or transfer in violation of such denomination as required to include any residual amountSection shall be null and void. The Trust Certificates shall may be in printed or in typewritten form, and may be executed by the Owner Trustee on behalf of the Issuer Securitization Trust 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)Trustee. 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 shall have been affixed, authorized to sign on behalf of the Owner TrusteeSecuritization Trust, 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 If registration of a transfer of a Trust Certificate is permitted pursuant to Section 3.4, the transferee of a such Trust Certificate shall become a Certificateholder Trust Certificateholder, and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder hereunder, upon due registration of such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.043.4.