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 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 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.

Appears in 57 contracts

Samples: Trust Agreement (Honda Auto Receivables 2010-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2013-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-2 Owner Trust)

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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 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 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.

Appears in 14 contracts

Samples: Trust Agreement (Honda Auto Receivables 2008-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2006-2 Owner Trust), Trust Agreement (American Honda Receivables 2006-1 Owner Trust)

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 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 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.

Appears in 8 contracts

Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2002-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2002-3 Owner Trust)

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 Trust by manual or facsimile signature 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 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.

Appears in 5 contracts

Samples: Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (BMW Vehicle Owner Trust 2002-A), Trust Agreement (BMW Vehicle Owner Trust 2001-A)

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations corresponding to an Ownership Percentage 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 amount1%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 Trust Certificates, the GP Interest and the Voting Interest. Trust Certificates bearing the manual or facsimile signatures 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.

Appears in 2 contracts

Samples: Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (TMS Auto Holdings Inc)

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 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 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.

Appears in 2 contracts

Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (American Honda Receivables Corp)

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 1,000 and integral multiples thereof; provided, however, that (a) Trust Certificates may be issued to the holder of the GP Interest pursuant to Section 2.7 in such denominations as to represent at least 1% of the initial Certificate Balance and (b) one Trust Certificate may be issued in such a denomination as required to include any residual amountother than an integral multiple of $1,000. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 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.

Appears in 2 contracts

Samples: Trust Agreement (Structured Asset Mortgage Investments Inc), Trust Agreement (Structured Asset Mortgage Investments Inc)

The Trust Certificates. The Trust Certificates shall not 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 with a principal amount. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer each Trust by manual or facsimile signature of an authorized officer a 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)Certificate Trustee. Trust Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were shall have been affixed, authorized to sign on behalf of the Owner Trusteerelated Trust, shall be validly issued valid and binding obligations of the Issuer and entitled to the benefit of this Agreementsuch 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 shall become a Certificateholder an Owner, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder an Owner hereunder, and shall be bound by this Master Trust Agreement and such Trust Certificate upon such transferee’s acceptance of a such Trust Certificate duly registered in such transferee’s name pursuant to Section 3.043.4 hereof.

Appears in 1 contract

Samples: Master Trust Agreement (Franklin Credit Management Corp/De/)

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The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 1,000 and integral multiples of $1,000 in excess thereof; providedPROVIDED, however, that (a) Trust Certificates may be issued to the holder of the GP Interest pursuant to Section 2.7 in such denominations as to represent at least 1% of the initial Certificate Balance and (b) one Trust Certificate may be issued in such a denomination as required to include any residual amountother than an integral multiple of $1,000. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 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.

Appears in 1 contract

Samples: Trust Agreement (Barnett Auto Receivables Corp)

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 25,000 and integral multiples of $1,000 in excess thereof; providedPROVIDED, however, that (a) Trust Certificates may be issued to the holder of the GP Interest pursuant to Section 2.7 in such denominations as to represent at least 1% of the initial Certificate Balance and (b) one Trust Certificate may be issued in such a denomination as required to include any residual amountother than an integral multiple of $1,000. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 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.

Appears in 1 contract

Samples: Trust Agreement (Mellon Auto Receivables Corp)

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that one 5% Percentage Interest. The Trust Certificate may Certificates shall be initially issued to the Seller in such denomination as required to include any residual amounta Percentage Interest of 100%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 Trust Certificates. Trust Certificates bearing the manual or facsimile signatures 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.

Appears in 1 contract

Samples: FCC Receivables Corp

The Trust Certificates. The Trust Certificates shall be issued in minimum denominations of $100,000 and integral multiples thereof; provided, however, that one 1% Percentage Interest in a single class. The Trust Certificate may Certificates shall be initially issued to the Seller in such denomination as required to include any residual amounta Percentage Interest of 100%. The Trust Certificates shall be executed by the Owner Trustee on behalf of the Issuer Trust by manual or facsimile signature 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 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 upon such transferee’s acceptance of a Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04.obligations

Appears in 1 contract

Samples: Trust Agreement (Franklin Receivables LLC)

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