Examples of Series 2013-1 SUBI Certificate in a sentence
In accordance with Section 3.1(d) of the Trust Agreement, the SUBI Trustee hereby accepts its appointment as SUBI Trustee with respect to the Series 2013-1 SUBI hereunder and agrees to act as a trustee of the Trust for the benefit of the holder or holders of each Series 2013-1 SUBI Certificate in accordance with the terms of this Series 2013-1 SUBI Supplement and the Trust Agreement.
Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 2013-1 SUBI Certificate, by virtue of its acceptance of such Series 2013-1 SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute.
Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 2013-1 SUBI Certificate, by virtue of its acceptance of such Series 2013-1 SUBI Certificate or pledge thereof acknowledges and agrees) that: (a) the Series 2013-1 SUBI is a separate series of the Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.
Any portion of the Series 2013-1 SUBI Certificate may be set forth on the reverse thereof.
The holder and each pledgee of the Series 2013-1 SUBI Certificate and their respective successors and permitted assigns (including the Issuer and the Indenture Trustee) are each a third-party beneficiary of the Trust Agreement (insofar as it applies to the Series 2013-1 SUBI and said holder or pledgee) and this Series 2013-1 SUBI Supplement.
The possession by the Purchaser of notes and such other goods, money, documents, chattel paper or certificated securities, including the Series 2013-1 SUBI Certificate, shall be deemed to be “possession by or delivery to the secured party” for purposes of perfecting the security interest pursuant to the UCC in force in the relevant jurisdiction (including, without limitation, Section 9-313(c)(1) thereof).
The Series 2013-1 SUBI Certificate shall be printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced or may be produced in any other manner as may, consistently herewith and with the Trust Agreement, be determined by the Initial Beneficiary with the consent of the holder and each permissible pledgee of the Series 2013-1 SUBI Certificate.
Notwithstanding anything in this Series 2013-1 SUBI Supplement to the contrary, the SUBI Trustee shall not be authorized and shall have no power to “vary the investment” of the holder of the Series 2013-1 SUBI Certificate within the meaning of Treasury Regulation Section 301.7701-4(c)(i).
Interests in the Series 2013-1 SUBI and the Series 2013-1 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 2013-1 SUBI and Series 2013-1 SUBI Certificate shall have otherwise agreed.
The Series 2013-1 SUBI Certificate has been duly executed and delivered by the Titling Trust and the administrative trustee of the Titling Trust in accordance with the Titling Trust Agreement and is entitled to the benefits afforded by the Titling Trust Agreement.