Examples of Issuer SUBI Certificate Transfer Agreement in a sentence
BMW VEHICLE LEASE TRUST 20[__]-[__] TRUST CERTIFICATE evidencing a beneficial interest in the Issuer, as defined below, the property of which includes, among other things, the 20[__]-[__] SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a beneficial interest in the 20[__]-[__] SUBI Assets.
The property of the Issuer primarily includes, among other things, (i) the 20[__]-[__] SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a 100% beneficial interest in the 20[__]-[__] SUBI Assets, (ii) the security interest of the Issuer in the Reserve Fund Property and (iii) all proceeds of the foregoing.
Immediately after the transfer and assignment of the SUBI Certificate to the Depositor, the Depositor will:absolutely assign and transfer to the Issuing Entity, without recourse, all of its right, title and interest in and to the SUBI Certificate under the Issuer SUBI Certificate Transfer Agreement; anddeliver the SUBI Certificate to the Issuing Entity.In exchange, the Issuing Entity will sell, transfer and assign to the Depositor the Notes and will issue to the Depositor or an affiliate the Certificate.
Pursuant to Section 2.01 of the Issuer SUBI Certificate Transfer Agreement, the Transferor shall pledge all payments in respect of the Subordinated Notes to the Reserve Fund as security for the Secured Obligations and upon the issuance of the Subordinated Notes to the Transferor, the Issuer shall deliver the Subordinated Notes directly to the Indenture Trustee as security for its obligations hereunder.
BMW VEHICLE LEASE TRUST 2017-1 TRUST CERTIFICATE evidencing a beneficial interest in the Issuer, as defined below, the property of which includes, among other things, the 2017-1 SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a beneficial interest in the 2017-1 SUBI Assets.
The property of the Issuer primarily includes, among other things, (i) the 2012-1 SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a 100% beneficial interest in the 2012-1 SUBI Assets, (ii) the security interest of the Issuer in the Reserve Fund Property and (iii) all proceeds of the foregoing.
The property of the Issuer primarily includes, among other things, (i) the 2018-1 SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a 100% beneficial interest in the 2018-1 SUBI Assets, (ii) the security interest of the Issuer in the Reserve Fund Property and (iii) all proceeds of the foregoing.
Mutual agreement to alternative means for qualifying; exemptions.
The property of the Issuer primarily includes, among other things, (i) the 2014-1 SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a 100% beneficial interest in the 2014-1 SUBI Assets, (ii) the security interest of the Issuer in the Reserve Fund Property and (iii) all proceeds of the foregoing.
The property of the Issuer primarily includes, among other things, (i) the 2016-1 SUBI Certificate (transferred pursuant to the Issuer SUBI Certificate Transfer Agreement), evidencing a 100% beneficial interest in the 2016-1 SUBI Assets, (ii) the security interest of the Issuer in the Reserve Fund Property and (iii) all proceeds of the foregoing.