Common use of The Trust Certificates Clause in Contracts

The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, in minimum denominations of $250,000 and in integral multiples of $1,000 in excess thereof. Except for the issuance of the Trust Certificate to the Depositor, no Trust Certificate may be sold, pledged, exchanged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections shall be null and void.

Appears in 14 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2012-B), Trust Agreement (Nissan Auto Lease Trust 2014-A), Trust Agreement (Nissan Auto Leasing LLC Ii)

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The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, in minimum denominations of $250,000 and in integral multiples of $1,000 in excess thereof. Except for the issuance of the Trust Certificate to the Depositor, no Trust Certificate may be sold, pledged, exchanged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections shall be null and void.. 5 (NALT 2014-B Amended and Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2014-B), Trust Agreement (Nissan Auto Lease Trust 2014-B)

The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, in minimum denominations of $250,000 and in integral multiples of $1,000 in excess thereof. Except for the issuance of the Trust Certificate to the Depositor, no Trust Certificate may be sold, pledged, exchanged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections shall be null and void.. 5 (NALT 2015-A Amended and Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2015-A), Trust Agreement (Nissan Auto Lease Trust 2015-A)

The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, in minimum denominations of $250,000 and in integral multiples of $1,000 1,000.00 in excess thereof. Except for the issuance of the Trust Certificate to the Depositor, no Trust Certificate may be sold, pledged, exchanged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections shall be null and void.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2011-A), Trust Agreement (Nissan Auto Lease Trust 2011-A)

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The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, A and shall be issued in minimum denominations of $250,000 and a one percent Percentage Interest in integral multiples of $1,000 in excess thereofthe Securitization Trust. Except for the issuance of the Trust Certificate Certificates to the Depositor, no Trust Certificate may be sold, pledged, exchanged pledged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 Section 3.4 and any attempted sale, pledge, exchange pledge or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections Section shall be null and void.

Appears in 1 contract

Samples: Trust Agreement (ACAR Leasing Ltd.)

The Trust Certificates. (a) The Trust Certificates shall be substantially in the form set forth in Exhibit A, in minimum denominations of $250,000 and in integral multiples of $1,000 in excess thereof250,000. Except for the issuance of the Trust Certificate to the Depositor, no Trust Certificate may be sold, pledged, exchanged or otherwise transferred to any Person except in accordance with Sections 3.04 and 3.10 and any attempted sale, pledge, exchange or transfer (each referred to hereinafter as a “transfer”) in violation of such Sections shall be null and void.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii)

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