Common use of Transferability of SUBI Interests Clause in Contracts

Transferability of SUBI Interests. Interests in the Series 2014-1A SUBI and the Series 2014-1A SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 2014-1A SUBI and Series 2014-1A SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 2014-1A SUBI Certificate or the Series 2014-1A SUBI represented thereby shall be effective unless and until the Series 2014-1A SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE TF Trust), Trust Agreement (GE Equipment Midticket LLC, Series 2014-1)

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Transferability of SUBI Interests. Interests in the Series 20142013-1A 1 SUBI and the Series 20142013-1A 1 SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 20142013-1A 1 SUBI and Series 20142013-1A 1 SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 20142013-1A 1 SUBI Certificate or the Series 20142013-1A 1 SUBI represented thereby shall be effective unless and until the Series 20142013-1A 1 SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE Equipment Transportation LLC, Series 2013-1), Trust Agreement (GE Equipment Transportation LLC, Series 2013-1)

Transferability of SUBI Interests. Interests in the Series 20142015-1A 1 SUBI and the Series 20142015-1A 1 SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 20142015-1A 1 SUBI and Series 20142015-1A 1 SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 20142015-1A 1 SUBI Certificate or the Series 20142015-1A 1 SUBI represented thereby shall be effective unless and until the Series 20142015-1A 1 SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE TF Trust), Trust Agreement (GE TF Trust)

Transferability of SUBI Interests. Interests in the Series 20142013-1A SUBI and the Series 20142013-1A SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 20142013-1A SUBI and Series 20142013-1A SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 20142013-1A SUBI Certificate or the Series 20142013-1A SUBI represented thereby shall be effective unless and until the Series 20142013-1A SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE Equipment Midticket LLC, Series 2013-1), Trust Agreement (GE Equipment Midticket LLC, Series 2013-1)

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Transferability of SUBI Interests. Interests in the Series 2014-1A 1 SUBI and the Series 2014-1A 1 SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 2014-1A 1 SUBI and Series 2014-1A 1 SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 2014-1A 1 SUBI Certificate or the Series 2014-1A 1 SUBI represented thereby shall be effective unless and until the Series 2014-1A 1 SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE Equipment Transportation LLC, Series 2014-1), Trust Agreement (GE Equipment Transportation LLC, Series 2014-1)

Transferability of SUBI Interests. Interests in the Series 20142013-1A 2 SUBI and the Series 20142013-1A 2 SUBI Certificate shall be freely transferable, subject to the restrictions set forth in Section 4.2(e) of the Trust Agreement, applicable law and any contractual provisions limiting such transferability to which the holder of the Series 20142013-1A 2 SUBI and Series 20142013-1A 2 SUBI Certificate shall have otherwise agreed. Notwithstanding the foregoing, no transfer of the Series 20142013-1A 2 SUBI Certificate or the Series 20142013-1A 2 SUBI represented thereby shall be effective unless and until the Series 20142013-1A 2 SUBI Certificate shall be delivered to the Trustee for registration of transfer together with an assignment attached thereto executed by the registered holder thereof.

Appears in 2 contracts

Samples: Trust Agreement (GE Equipment Transportation LLC, Series 2013-2), Trust Agreement (GE Equipment Transportation LLC, Series 2013-2)

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