Common use of The Trust Certificate Clause in Contracts

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, upon the order of the Depositor to the Owner Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated Affiliate. A transferee of the Trust Certificate shall be the “holder of the Trust Certificate” for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s acceptance of the Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04 below.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Eligible Lender Trustee, upon the order of the Depositor to the Owner Eligible Lender Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Eligible Lender Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated Affiliate. A transferee of the Trust Certificate shall be the “holder of the Trust Certificate” for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s acceptance of the Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04 below.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Eligible Lender Trustee, upon the order of the Depositor to the Owner Eligible Lender Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Eligible Lender Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated Affiliate. A transferee of the Trust Certificate shall be the “"holder of the Trust Certificate” " for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s 's acceptance of the Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04 below.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Eligible Lender Trustee, upon the order of the Depositor to the Owner Eligible Lender Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Eligible Lender Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated AffiliateDepositor. A transferee of the Trust Certificate shall be the “holder of the Trust Certificate” for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s acceptance of the Trust Certificate duly registered in such transferee’s name pursuant to Section 3.04 below.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and a single Trust Certificate, representing 100% Certificate Percentage Interest. The Trust Certificate (which includes the Transferor Interest) shall initially be registered in the name of American Home Mortgage Investment Corp. The Trust Certificate shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Trustee, upon Trustee and authenticated in the order of the Depositor to the Owner Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loansmanner provided in Section 3.04. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the TrustCertificate, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid validly issued and binding obligations entitled to the benefit of the Trustthis Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the A Person shall become a Trust Certificate shall be the Depositor or its designated Affiliate. A transferee of the Trust Certificate shall be the “holder of the Trust Certificate” for all purposes hereunder, Certificateholder and shall be entitled to the rights and be subject to the obligations of the holder a Trust Certificateholder hereunder upon such Person's acceptance of the a Trust Certificate hereunderduly registered in such Person's name, pursuant to Section 3.05. A transferee of a Trust Certificate shall become a Trust Certificateholder and shall be entitled to the rights and subject to the obligations of a Trust Certificateholder hereunder upon such transferee’s 's acceptance of the a Trust Certificate duly registered in such transferee’s 's name pursuant to and upon satisfaction of the conditions set forth in Section 3.04 below3.05.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Eligible Lender Trustee, upon the order of the Depositor to the Owner Eligible Lender Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Eligible Lender Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated AffiliateDepositor. A transferee of the Trust Certificate shall be the “"holder of the Trust Certificate” " for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s 's acceptance of the Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04 below.

The Trust Certificate. The Trust Certificate shall be issued as a single, physical, full registered certificate, substantially in the form of Exhibit A hereto and shall be executed on behalf of the Trust by manual or facsimile signature of an authorized officer of the Owner Eligible Lender Trustee, upon the order of the Depositor to the Owner Eligible Lender Trustee concurrently with the initial sale and assignment to the Trust of the Financed Student Loans. The Trust Certificate shall represent the entire beneficial ownership interest in the assets of the Trust, subject to the debt represented by the Notes. The initial Trust Certificate and each Trust Certificate issued in exchange or upon transfer therefor shall be manually executed by an Authorized Officer of the Owner Eligible Lender Trustee. Any Trust Certificate bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Certificate or did not hold such offices at the date of authentication and delivery of such Trust Certificate. The initial holder of the Trust Certificate shall be the Depositor or its designated AffiliateDepositor. A transferee of the Trust Certificate shall be the “"holder of the Trust Certificate” " for all purposes hereunder, and shall be entitled to the rights and be subject to the obligations of the holder of the Trust Certificate hereunder, upon such transferee’s 's acceptance of the Trust Certificate duly registered in such transferee’s 's name pursuant to Section 3.04 below.