Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 55 contracts
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2023-C)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 50 contracts
Samples: Trust Agreement (John Deere Owner Trust 2021-B), Trust Agreement (John Deere Owner Trust 2021-B), Trust Agreement (John Deere Owner Trust 2021)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, transferred conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementthereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 29 contracts
Samples: Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2023-A), Trust Agreement (BMW Vehicle Owner Trust 2023-A), Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2022-A)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution AccountEstate. The Depositor shall pay the organizational expenses of the Owner Trust 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 28 contracts
Samples: Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 2001-6), Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 2000-2)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 20 contracts
Samples: Deposit Trust Agreement (Banccap Asset Securization Issuance Corp), Trust Agreement (HMB Acceptance Corp.), Trust Agreement (HMB Acceptance Corp.)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the Trust 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 14 contracts
Samples: Trust Agreement, Trust Agreement (SLM Private Credit Student Loan Trust 2006-C), Trust Agreement (SLM Private Credit Student Loan Trust 2006-A)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 13 contracts
Samples: Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2008-A), Trust Agreement (Hyundai Auto Receivables Trust 2006-B)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor or the Company shall pay reasonable organizational expenses of the Trust 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 9 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Etrade Mortgage Backed Securities Corp), Owner Trust Agreement (Hsi Asset Securitization Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 8 contracts
Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2006-A), Trust Agreement (Caterpillar Financial Asset Trust 2008-A)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Property and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 6 contracts
Samples: Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Beneficiary hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorBeneficiary, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Beneficiary shall pay organizational expenses of the Owner Trust 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 5 contracts
Samples: Trust Agreement (First Usa Credit Card Master Trust), Trust Agreement (First Usa Credit Card Master Trust), Trust Agreement (Chase Manhattan Bank Usa)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001 and one share of preferred stock of the Transferor. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay organizational expenses of the Trust 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 5 contracts
Samples: Trust Agreement (Household Consumer Loan Corp Ii), Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Hrsi Funding Inc Ii)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 4 contracts
Samples: Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2009-A), Trust Agreement (Hyundai Abs Funding Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Seller -------------------------------------------- hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Seller shall pay organizational expenses of the Trust 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 4 contracts
Samples: Trust Agreement (Spiegel Master Trust), Trust Agreement (Spiegel Master Trust), Trust Agreement (First Consumers Master Trust)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Property and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 4 contracts
Samples: Trust Agreement (Olympic Receivables Finance Corp), Trust Agreement (Olympic Financial LTD), Trust Agreement (Olympic Receivables Finance Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe -------------------------------------------- Transferor hereby assigns, the Depositor soldtransfers, assigned, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorTransferor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor Transferor shall pay organizational expenses of the Trust 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 3 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor has sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementthereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution AccountCollection Accounts. The Depositor shall pay the organizational expenses of the Trust 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 3 contracts
Samples: Trust Agreement (KeyCorp Student Loan Trust 2006-A), Trust Agreement (KeyCorp Student Loan Trust 2005-A), Trust Agreement (Key Consumer Receivables LLC)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00100. The Owner Trustee hereby acknowledges receipt in trust from the DepositorSeller, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor Seller shall pay organizational expenses of the Trust 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 (Caterpillar Financial Asset Trust 2005-A), And Restated Trust Agreement (Caterpillar Financial Asset Trust 2004-A)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate trust estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the Trust 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, Trust Agreement (SLM Private Credit Student Loan Trust 2007-A)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Assets and shall be deposited in the Equity Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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 (Antigua Funding Corp), Trust Agreement (Capita Equipment Receivables Trust 1996-1)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of an amount equal to $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in held by the Certificate Distribution AccountOwner Trustee. The Depositor shall pay organizational expenses of the Trust 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: Owner Trust Agreement (Auto Nations Receivables Corp), Owner Trust Agreement (Auto Nations Receivables Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate Assets and shall be deposited in the Equity Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any and all such expenses paid by the Owner Trustee.
Appears in 1 contract
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementAs of , 2001, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, Trustee the sum of $1.00$ . The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on the date as of the Original Trust Agreementsuch date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay the organizational expenses of the Trust Issuer 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 1 contract
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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.. 5 (2013-B Amended and Restated Trust Agreement)
Appears in 1 contract
Initial Capital Contribution of Trust Estate. Pursuant to the Original The Trust AgreementDepositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.0010.00. The Owner Trustee hereby acknowledges receipt in trust from the Trust Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Trust Depositor shall pay organizational expenses of the Trust 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 1 contract
Samples: Trust Agreement (MCG Capital Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay organizational expenses of the Trust 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 1 contract
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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.. 5 (2013-C Amended and Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2013-C)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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.. (2010-B Amended and Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2010-B)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee acknowledges receipt in trust from the Depositor, on the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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.. 5 (2012-B Amended and Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2012-B)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00100.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute constitutes the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the Trust 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 TrusteeTrustee on behalf of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Nelnet Inc)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust AgreementThe Depositor hereby sells, the Depositor soldassigns, assignedtransfers, transferred, conveyed conveys and set sets over to the Owner Trustee, as of the date thereofhereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreementhereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Collection Account. The Depositor shall pay the organizational expenses of the Trust 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 1 contract
Samples: Trust Agreement (Efg Funding Corp)
Initial Capital Contribution of Trust Estate. Pursuant to the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Certificate Distribution Account. The Depositor shall pay organizational expenses of the Trust 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.. (2011-A Amended and Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2011-A)
Initial Capital Contribution of Trust Estate. Pursuant to As of the date of the Original Trust Agreement, the Depositor sold, Beneficiary has assigned, transferred, conveyed and set over to the Owner Trustee, as of the date thereof, Trustee the sum of $1.001. The Owner Trustee hereby acknowledges receipt in trust from the DepositorBeneficiary, on as of the date of the Original Trust Agreement, of the foregoing contribution, which shall constitute amount constituted the initial Owner Trust Estate and shall be deposited in is held by the Certificate Distribution AccountOwner Trustee. The Depositor Beneficiary shall pay organizational expenses of the Owner Trust 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 1 contract
