Common use of The Trust Certificates Clause in Contracts

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than a 100% Percentage Interest in such Certificates. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer of the Owner Trustee and authenticated in the manner provided in Section 3.02. A Trust Certificate bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. A Person shall become a Certificateholder and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such Person’s acceptance of a Trust Certificate duly registered in such Person’s name pursuant to Section 3.03.

Appears in 4 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6), Trust Agreement (New York Mortgage Trust 2005-2), Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1)

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The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $[_______] and in integral multiples of $1,000 in excess thereof; provided, however, that the Trust Certificates issued to the Company pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 4 contracts

Samples: Trust Agreement (Cwabs Inc), Trust Agreement (Chase Funding Inc), Trust Agreement (J P Morgan Acceptance Corp I)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than a 100% Percentage Interest $1,000 and integral multiples thereof; PROVIDED, HOWEVER, that Trust Certificates may be issued to the General Partner pursuant to Section 3.12 in such Certificatesdenominations as to represent at least 1% of the initial Certificate Balance. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.4.

Appears in 2 contracts

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

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $20,000 and in integral multiples of $1,000 in excess thereof; provided, however, that the Trust Certificates issued to the Depositor pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 2 contracts

Samples: Trust Agreement (First Merchants Acceptance Corp), Trust Agreement (First Merchants Acceptance Corp)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $10,000 and in integral multiples of $,0001 in excess thereof; provided, however, that the Trust Certificates issued to the Company pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 2 contracts

Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $___________ and in integral multiples of $_______ in excess thereof; provided, however, that the Trust Certificates issued to the Depositor pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 2 contracts

Samples: Trust Agreement (Morgan Stanley Abs Capital Ii Inc), Trust Agreement (Citigroup Vehicle Securities Inc)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $[_______] and in integral multiples of $1,000 in excess thereof; provided, however, that the Trust Certificates issued to the Depositor pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $[________] and in integral multiples of $[____] in excess thereof; provided, however, that the Trust Certificates issued to the Depositor pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables LLC)

The Trust Certificates. The Trust Certificates shall initially be ----------------------- issued as a single certificate in definitiveminimum denominations of $[_______] and in integral multiples of $1,000 in excess thereof; provided, fully registered form and shall initially be registered in however, that the name of Trust Certificates issued to the Initial Holder. No Trust Certificate shall Company pursuant to Section 3.10 may be issued in authorized denominations of less than a 100% Percentage Interest in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (First Horizon Asset Securities Inc)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $________ and in integral multiples of $____ in excess thereof; provided, however, that the Trust Certificates issued to the Company pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Beneficial Mortgage Services Inc)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than represent a 100% Percentage Interest in such Certificatesthe Trust. On the date hereof, the Depositor or its designee shall be the sole Holder of each of the Trust Certificates and each of the Trust Certificates shall be registered, upon initial issuance, in the name of the Depositor or its designee. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables LLC)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $[_______] and in integral multiples of $_______ in excess thereof; provided, however, that the Trust Certificates issued to the Companies pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Equity One Abs Inc)

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The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than a 100% Percentage Interest $1,000 or in integral multiples of $l,000 in excess thereof; provided, however, that the Trust Certificates issued to the Company pursuant to Section 3.10 may be issued in such Certificatesdenomination as to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Eligible Lender Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued by the 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 Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A 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 Person’s 's acceptance of a Trust Certificate duly registered in such Person’s 's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Signet Student Loan Trusts)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than represent a 100% Percentage Interest in such Certificatesthe Trust. On the date hereof, the Depositor or its designee shall be the sole Holder of each of the Trust Certificates and each of the Trust Certificates shall be registered, upon initial issuance, in the name of the Depositor or its designee. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the TrustOwner Trustee, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables LLC)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized denominations of less than represent a 100% Percentage Interest in such Certificatesthe 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 registered, upon initial issuance, in the name of the Depositor or its designee. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the TrustOwner Trustee, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Persontransferee’s acceptance of a Trust Certificate duly registered in such Persontransferee’s name pursuant to Section 3.03.

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Leasing LLC)

The Trust Certificates. The Class A Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less $1,000 and integral multiples thereof (except for one Trust Certificate which may be issued in a denomination other than an integral multiple of $1,000). The Class R Trust Certificates shall be issued in a 100% Percentage Interest percentage interest in such Certificatesthe Trust. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.4. Upon issuance in accordance with this Trust Agreement, the Trust Certificates shall represent fully-paid, non-assessable beneficial interests in the assets of the Trust, and will entitle the Holders thereof to the benefits of this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Ml Asset Backed Corp)

The Trust Certificates. The Trust Certificates shall initially be ---------------------- issued as a single certificate in definitiveminimum denominations of $20,000 and in integral multiples of $1 in excess thereof; provided, fully registered form and shall initially be registered in however, that the name of Trust Certificates issued to the Initial Holder. No Trust Certificate shall Company pursuant to Section 3.10 may be issued in authorized denominations of less than a 100% Percentage Interest in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Form of Trust Agreement (Asset Backed Securities Corp)

The Trust Certificates. The Trust Certificates shall initially be ---------------------- issued as a single certificate in definitive, fully registered form minimum denominations of $(_______) and shall initially be registered in integral multiples of $1,000 in excess thereof; provided that the name of Trust Certificates issued to the Initial Holder. No Trust Certificate shall -------- Company pursuant to Section 3.10 may be issued in authorized denominations of less than a 100% Percentage Interest in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Person’s transferee's acceptance of a Trust Certificate duly registered in such Person’s transferee's name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Indymac Abs Inc)

The Trust Certificates. The Trust Certificates shall initially be issued as a single certificate in definitive, fully registered form and shall initially be registered in the name of the Initial Holder. No Trust Certificate shall be issued in authorized minimum denominations of less than a 100% Percentage Interest $20,000 and in integral multiples of $1 in excess thereof; provided, however, that the Trust Certificates issued to the Company pursuant to Section 3.10 may be issued in such Certificatesdenomination as required to include any residual amount. The Trust Certificates shall be executed on behalf of the Trust by manual or facsimile signature of an Authorized Officer authorized officer of the Owner Trustee and authenticated in the manner provided in Section 3.02Trustee. A Trust Certificate Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefit of this Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate Certificates or did not hold such offices at the date of authentication and delivery of such Trust CertificateCertificates. A Person 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 Persontransferee’s acceptance of a Trust Certificate duly registered in such Persontransferee’s name pursuant to Section 3.033.04.

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

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