Common use of Trust Receipt Clause in Contracts

Trust Receipt. In the case of a Transaction Asset that is “Non-Table Funded”, Buyer shall have received a Trust Receipt dated the Effective Date, substantially in the form of Annex 2 to the Custodial Agreement, from the Custodian, duly completed, with a Transaction Asset Schedule and Exception Report attached thereto. In the case of a Transaction Asset that is “Table Funded”, Buyer shall have received a Bailee’s Trust Receipt and Certification substantially in the form of Attachment 2 of Exhibit H hereto, from the Bailee, duly completed, with a Transaction Asset Schedule and Exception Report attached thereto;