Examples of Initial Trust Agreement in a sentence
Pursuant to the Initial Trust Agreement the Trustee executed and filed a certificate of trust (the "Certificate of Trust") with the Delaware Secretary of State in the form attached hereto as Exhibit A, which is hereby ratified.
Xxxxxx Mae desires to amend and restate the terms and provisions of the Initial Trust Agreement in its entirety.
WHEREAS, the parties hereto entered into a trust agreement, dated as of July 2, 2019 (the “Initial Trust Agreement”) pursuant to which the Nissan Auto Lease Trust 2019-B (the “Issuing Entity”) was created; and WHEREAS, in connection with the issuance of the Notes, the parties hereto are entering into this Agreement pursuant to which, among other things, the Initial Trust Agreement will be amended and restated, and the Trust Certificates will be issued.
The Owner Trustee hereby acknowledges receipt from the Depositor in connection with the Initial Trust Agreement of the sum of $1.00, which constituted the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account.