Examples of Holding Trust Agreement in a sentence
The Holding Certificate has been duly authorized by all requisite action and, when duly and validly executed by the Holding Trustee in accordance with the Holding Trust Agreement, will be entitled to the benefits of the Holding Trust Agreement and enforceable in accordance with their terms.
The direction by the Seller, on behalf of the Trust, to the Holding Trustee to execute, authenticate, issue and deliver the Holding Certificate will be duly authorized by the Seller and, assuming the Holding Trustee has been duly authorized to do so, when executed, authenticated, issued and delivered by the Holding Trustee in accordance with the Holding Trust Agreement, the Holding Certificate will be validly issued and outstanding and will be entitled to the benefits of the Holding Trust Agreement.
The Servicer shall monitor the activities of the Issuer and the Holding Trust to ensure the Issuer’s and the Holding Trust’s respective compliance with Section 4.6 of the Trust Agreement Section 4.6 of the Holding Trust Agreement and shall take all action necessary to ensure that the Issuer and the Holding Trust is operated in accordance with the provisions of such section.
No consent, approval or other authorization of, or registration, declaration or filing with, any court or governmental agency or commission of the State of Delaware is required by or with respect to WTC for the valid execution and delivery of the Trust Agreement and the Holding Trust Agreement, or for the validity or enforceability thereof, other than the filing of the respective Certificates of Trust.
Neither the execution, delivery and performance by the Trust and the Holding Trust of the applicable trust documents, nor the consummation by the Trust and the Holding Trust of the transactions contemplated thereby, is in violation of the Trust Agreement or the Holding Trust Agreement, as applicable, or of any law, rule or regulation of the State of Delaware applicable to the Trust or the Holding Trust, as applicable.