Common use of Initial Capital Contribution of Trust Estate Clause in Contracts

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

Appears in 213 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

Appears in 65 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2023-1), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection AccountEstate.

Appears in 19 contracts

Samples: Trust Agreement (Fifth Third Holdings Funding, LLC), Trust Agreement (Fifth Third Holdings Funding, LLC), Trust Agreement (Fifth Third Auto Trust 2019-1)

Initial Capital Contribution of Trust Estate. As of the date of the Original Initial Trust Agreement, the Seller Transferor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerTransferor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited by the Transferor in the Collection Account.

Appears in 16 contracts

Samples: Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Volkswagen Auto Lease Trust 2015-A), Trust Agreement (Volkswagen Auto Lease Trust 2015-A)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Depositor hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, the sum of $11 previously delivered. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the Collection AccountTrust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 16 contracts

Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

Appears in 8 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Drive Auto Receivables Trust 2024-1)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Transferor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The parties hereto acknowledge and agree that the trust account established by the Owner Trustee hereby acknowledges receipt in trust from under the Seller, as of such date, of Original Trust Agreement has been closed and terminated and that any and all amounts therein have been returned to the foregoing contribution, which shall constitute Transferor for the initial Trust Estate and shall be deposited Transferor to deposit in the Collection Account.

Appears in 6 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Vw Credit Leasing LTD)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Transferor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerTransferor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited by the Transferor in the Collection Account.

Appears in 5 contracts

Samples: Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Initial Capital Contribution of Trust Estate. As The Beneficiary has heretofore assigned, granted and transferred over to the Owner Trustee, on behalf of the Trust, as of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerBeneficiary, as of such datethe date of the Original Trust Agreement, of the foregoing contribution, which shall constitute constitutes the initial Trust Estate and shall be deposited in the Collection AccountEstate.

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement (American Express Receivables Financing Corp VIII LLC), Trust Agreement (American Express Receivables Financing Corp VIII LLC)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as Transferor the sum of such date, of the foregoing contribution$1, which shall constitute the initial Trust Estate and shall be deposited by the Transferor in the Collection Account.

Appears in 4 contracts

Samples: Trust Agreement (Volkswagen Auto Lease Underwritten Funding LLC), Trust Agreement (Volkswagen Public Auto Loan Securitization LLC), Trust Agreement (Volkswagen Auto Lease Trust 2005-A)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller sold, The Transferor has assigned, transferred, conveyed and set over to the Owner Trustee Trustee, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, Transferor of the foregoing contribution, which shall constitute constituted the initial Trust Estate and has been held by the Owner Trustee. The Transferor shall be deposited in pay organizational expenses of the Collection AccountTrust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Appears in 2 contracts

Samples: Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Transferor hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerTransferor, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Trust Estate Property and shall be deposited with the Trust Collateral Agent for deposit in the Collection Certificate Distribution Account.

Appears in 2 contracts

Samples: Trust Agreement (United Fidelity Auto Receivables Trust 2002-A), Trust Agreement (United Fidelity Finance LLC)

Initial Capital Contribution of Trust Estate. As of the date of Pursuant to the Original Trust Agreement, the Seller Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee Trustee, as of the date thereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such datethe date thereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection Certificate Distribution Account.

Appears in 2 contracts

Samples: Trust Agreement (Bank One Auto Securitization LLC), Trust Agreement (Amsouth Auto Receivables LLC)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Seller hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection Certificate Distribution Account.. The Seller shall pay organizational

Appears in 2 contracts

Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp)

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Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Depositor sold, assigned, transferred, conveyed and set over to the Owner Resigned Trustee the sum of $1. The Owner Trustee hereby acknowledges acknowledged receipt in trust from the SellerResigned Trustee, as of such dateJanuary 27, 2023, pursuant to the Amended and Restated Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

Appears in 2 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2023-2), Trust Agreement (Santander Drive Auto Receivables Trust 2023-2)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.Account.β€Œ

Appears in 1 contract

Samples: Trust Agreement

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerTransferor, as of such datethe date hereof, of the foregoing contributionsum of $1, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

Appears in 1 contract

Samples: Trust Agreement (Volkswagen Auto Lease Trust 2002-A)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges prior receipt in trust from the Seller, as of such date, Seller of the foregoing contribution, sum of $1,000 which shall contribution will constitute the initial Owner Trust Estate and shall be deposited in Estate. The Administrator will pay organizational expenses of the Collection AccountTrust as they may arise.

Appears in 1 contract

Samples: Trust Agreement (Triad Automobile Receivables Trust 2002 A)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Depositor hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, as of the date hereof, the sum of $11 and one share of Class SV Preferred Stock of the Depositor. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and Estate. The Depositor shall be deposited in pay organizational expenses of the Collection AccountTrust as they may arise.

Appears in 1 contract

Samples: Execution (Household Automobile Revolving Trust I)

Initial Capital Contribution of Trust Estate. As of the date of Pursuant to the Original Trust Agreement, the Seller soldDepositor has, assigned, transferred, conveyed and set over to Owner Trustee, as of the Owner Trustee date thereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such datethe date thereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection Certificate Distribution Account.

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Seller hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection Account.Estate

Appears in 1 contract

Samples: Trust Agreement (Caterpillar Financial Funding Corp)

Initial Capital Contribution of Trust Estate. As of the date of Pursuant to the Original Trust Agreement, the Seller soldDepositor has, assigned, transferred, conveyed and set over to Owner Trustee, as of the Owner Trustee date thereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the SellerDepositor, as of such datethe date thereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection AccountEstate.

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

Initial Capital Contribution of Trust Estate. As of the date of the Original Trust AgreementThe Seller hereby sells, the Seller soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such datethe date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Collection Certificate Distribution Account.

Appears in 1 contract

Samples: FCC Receivables Corp

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