Common use of UTI Clause in Contracts

UTI. Certificate No. 2 representing 1% of the beneficial interests in the UTI, (iii) SUBI Certificate No. 1, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (iv) SUBI Certificate No. 2, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (v) SUBI Certificate No. 3 representing [98.01%] [0.99%] [0.99%][0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, and (vi) SUBI Certificate No. 4, representing [98.01%] [0.99%][0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled. SUBI Certificates representing 100% of the undivided interests in each other SUBI to be formed will be issued in connection with the formation of each related SUBI Sub-Trust. Concurrently herewith, on the date of initial issue of this [HTC LP][HTD LP] 1999-A SUBI Certificate, the Origination Trust is also issuing (a) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI, (b) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI and (c) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI. The property of the Origination Trust is identified in the Origination Trust Agreement and the property of the 1999-A SUBI Sub-Trust is identified in the 1999-A SUBI Supplement. Pursuant to the 1999-A SUBI Supplement, the 1999-A SUBI Assets were identified and allocated on the records of the Origination Trust as a separate SUBI Sub-Trust (the "1999-A SUBI Sub-Trust"), and the beneficial interest in the 1999-A SUBI Sub-Trust was designated as a separate SUBI known as the "1999-A SUBI". The assets of the 1999-A SUBI Sub-Trust are currently represented by four SUBI Certificates: (i) this 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.998%] of the 1999-A SUBI Assets, (ii) a 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.998%] of the 1999-A SUBI Assets, (iii) a 1999-A SUBI Certificate evidencing beneficial interests in .198% of the 1999-A SUBI Assets and (iv) a 1999-A SUBI Certificate evidencing beneficial interests in .002% of the 1999-A SUBI Assets. Any holder of this [HTC LP][HTD LP] 1999-A SUBI Certificate, the [HTC LP][HTD LP] 1999-A SUBI Certificate, the HTC LP Retained 1999-A SUBI Certificate or the HTD LP Retained 1999-A SUBI Certificate shall be considered a 1999-A SUBI Beneficiary. The rights of the Beneficiaries of this [HTC LP][HTD LP] 1999-A SUBI Certificate, the [HTC LP][HTD LP] 1999-A SUBI Certificate, the HTC LP Retained 1999-A SUBI Certificate and the HTD LP Retained 1999-A SUBI Certificate to certain of the proceeds of the 1999-A SUBI Assets are and will be further set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. This [HTC LP][HTD LP] 1999-A SUBI Certificate is limited in right of payment to certain collections and recoveries respecting the 1999-A Contracts (and the related Lessors) and the 1999-A Leased Vehicles allocated to the 1999-A SUBI Sub-Trust, all to the extent and as more specifically set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. Copies of the Origination Trust Agreement and the 1999-A SUBI Supplement may be examined during normal business hours at the principal office of the Origination Trustee, and at such other places, if any, designated by the Origination Trustee, by each 1999-A SUBI Beneficiary upon request. By accepting this [HTC LP][HTD LP] 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary waives and releases any claim to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust and those proceeds or assets derived from or earned by the 1999-A SUBI Assets. In addition, by accepting this [HTC LP][HTD LP] 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to Trust Assets other than those included within the 1999-A SUBI Sub-Trust.

Appears in 1 contract

Sources: Trust and Servicing Agreement (Honda Titling D Lp)

UTI. Certificate No. 2 representing 1% of the beneficial interests in the UTI, (iii) SUBI Certificate No. 1, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (iv) SUBI Certificate No. 2, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (v) SUBI Certificate No. 3 representing [98.01%] [0.99%] [0.99%][0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, and (vi) SUBI Certificate No. 4, representing [98.01%] [0.99%][0.99%] [0.01%] of the beneficial interests interest in the 1999-A SUBI, SUBI which Certificate has been cancelled. SUBI Certificates representing 100% of the undivided interests in each other SUBI to be formed will be issued in connection with the formation of each related SUBI Sub-Trust. Concurrently herewith, on the date of initial issue of this [HTC LP][HTD LP] Retained 1999-A SUBI Certificate, the Origination Trust is also issuing (a) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI, (b) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI and (c) SUBI Certificate No. [5/6/7/8], representing [98.802%/.998%/.198%/.002%] of the beneficial interests in the 1999-A SUBI. The property of the Origination Trust is identified in the Origination Trust Agreement and the property of the 1999-A SUBI Sub-Trust is identified in the 1999-A SUBI Supplement. Pursuant to the 1999-A SUBI Supplement, the 1999-A SUBI Assets were identified and allocated on the records of the Origination Trust as a separate SUBI Sub-Trust (the "1999-A SUBI Sub-Trust"), and the beneficial interest in the 1999-A SUBI Sub-Trust was designated as a separate SUBI known as the "1999-A SUBI". The assets of the 1999-A SUBI Sub-Trust are currently represented by four SUBI Certificates: (i) this 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.998.198%/.002%] of the 1999-A SUBI Assets, (ii) a 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.998.198%/.002%] of the 1999-A SUBI Assets, (iii) a 1999-A SUBI Certificate evidencing beneficial interests in .19898.802% of the 1999-A SUBI Assets and (iv) a 1999-A SUBI Certificate evidencing beneficial interests in .002.998% of the 1999-A SUBI Assets. Any holder of this [HTC LP][HTD LP] Retained 1999-A SUBI Certificate, the [HTC LP][HTD LP] Retained 1999-A SUBI Certificate, the HTC LP Retained 1999-A SUBI Certificate or the HTD LP Retained 1999-A SUBI Certificate shall be considered a 1999-A SUBI Beneficiary. The rights of the Beneficiaries of this [HTC LP][HTD LP] Retained 1999-A SUBI Certificate, the [HTC LP][HTD LP] Retained 1999-A SUBI Certificate, the HTC LP Retained 1999-A SUBI Certificate and the HTD LP Retained 1999-A SUBI Certificate to certain of the proceeds of the 1999-A SUBI Assets are and will be further set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. This [HTC LP][HTD LP] Retained 1999-A SUBI Certificate is limited in right of payment to certain collections and recoveries respecting the 1999-A Contracts (and the related Lessors) and the 1999-A Leased Vehicles allocated to the 1999-A SUBI Sub-Trust, all to the extent and as more specifically set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. Copies of the Origination Trust Agreement and the 1999-A SUBI Supplement may be examined during normal business hours at the principal office of the Origination Trustee, and at such other places, if any, designated by the Origination Trustee, by each 1999-A SUBI Beneficiary upon request. By accepting this [HTC LP][HTD LP] Retained 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary waives and releases any claim to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust and those proceeds or assets derived from or earned by the 1999-A SUBI Assets. In addition, by accepting this [HTC LP][HTD LP] Retained 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to Trust Assets other than those included within the 1999-A SUBI Sub-Trust.

Appears in 1 contract

Sources: Trust and Servicing Agreement (Honda Titling D Lp)

UTI. Certificate No. 2 representing 1% of the beneficial interests in the UTI, (iii) SUBI Certificate No. 1, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (iv) SUBI Certificate No. 2, representing [98.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, (v) SUBI Certificate No. 3 representing [98.01%] [0.99%] [0.99%][0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled, and (vi) SUBI Certificate No. 4, representing [98.01%] [0.99%][0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, which Certificate has been cancelled. SUBI Certificates representing 100% of the undivided interests in each other SUBI to be formed will be issued in connection with the formation of each related SUBI Sub-Trust. Concurrently herewith, on the date of initial issue of this [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate, the Origination Trust is also issuing (a) SUBI Certificate No. [5/6/7/81/2/3/4], representing [98.802%/.998%/.198%/.00298.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI, (b) SUBI Certificate No. [5/6/7/81/2/3/4], representing [98.802%/.998%/.198%/.00298.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI and (c) SUBI Certificate No. [5/6/7/81/2/3/4], representing [98.802%/.998%/.198%/.00298.01%] [0.99%] [0.99%] [0.01%] of the beneficial interests in the 1999-A SUBI. The property of the Origination Trust is identified in the Origination Trust Agreement and the property of the 1999-A SUBI Sub-Trust is identified in the 1999-A SUBI Supplement. Pursuant to the 1999-A SUBI Supplement, the 1999-A SUBI Assets were identified and allocated on the records of the Origination Trust as a separate SUBI Sub-Trust (the "1999-A SUBI Sub-Trust"), and the beneficial interest in the 1999-A SUBI Sub-Trust was designated as a separate SUBI known as the "1999-A SUBI". The assets of the 1999-A SUBI Sub-Trust are currently represented by four SUBI Certificates: (i) this 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.99898.01%] of [0.99%] [0.99%] [0.01%]of the 1999-A SUBI Assets, (ii) a 1999-A SUBI Certificate evidencing beneficial interests in [98.802%/.99898.01%] [0.99%] [0.99%] [0.01%] of the 1999-A SUBI Assets, Assets (iii) a 1999-A SUBI Certificate evidencing beneficial interests in .198% [98.01%] [0.99%][0.99%] [0.01%] of the 1999-A SUBI Assets Assets, and (iv) a 1999-A SUBI Certificate evidencing beneficial interests in .002% [98.01%] [0.99%] [0.99%] [0.01%] of the 1999-A SUBI Assets. Any holder of this [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate, the [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP][HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate, the [HTA LP/HTC LP Retained LP][HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate or the [HTA LP/HTC LP] [HTA LP/HTD LP Retained LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate shall be considered a 1999-A SUBI Beneficiary. The rights of the Beneficiaries of this [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD ▇▇] ▇▇▇▇-▇ ▇▇▇▇ Certificate, the [HTA LP/HTC LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate, the [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate, Certificate or the [HTA LP/HTC LP Retained 1999-A SUBI Certificate and the LP] [HTA LP/HTD LP Retained LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate to certain of the proceeds of the 1999-A SUBI Assets are and will be further set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. This [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate is limited in right of payment to certain collections and recoveries respecting the 1999-A Contracts (and the related Lessors) and the 1999-A Leased Vehicles allocated to the 1999-A SUBI Sub-Trust, all to the extent and as more specifically set forth in the Origination Trust Agreement and the 1999-A SUBI Supplement. Copies of the Origination Trust Agreement and the 1999-A SUBI Supplement may be examined during normal business hours at the principal office of the Origination Trustee, and at such other places, if any, designated by the Origination Trustee, by each 1999-A SUBI Beneficiary upon request. By accepting this [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary waives and releases any claim to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust and those proceeds or assets derived from or earned by the 1999-A SUBI Assets. In addition, by accepting this [HTA LP/HTC LP][HTD LP] [HTA LP/HTD LP] [HTB LP/HTC LP] [HTB LP/HTD LP] 1999-A SUBI Certificate or any interest herein, the related SUBI Beneficiary hereby expressly subordinates any claim or interest in or to any proceeds or assets of the Origination Trustee and to all of the Trust Assets other than those from time to time included within the 1999-A SUBI Sub-Trust that may be determined to exist in favor of such SUBI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary with respect to Trust Assets other than those included within the 1999-A SUBI Sub-Trust.

Appears in 1 contract

Sources: Trust and Servicing Agreement (Honda Titling D Lp)