Residual Certificate. The Class R Certificate.
Residual Certificate. The Class R Certificate. Seller: Xxxxxx Brothers Holdings Inc. or its successor in interest or assigns.
Residual Certificate. Subject to the provisions of this Indenture, all amounts in the Residual Fund shall be paid to or on the order of the holder of the Residual Certificate free and clear of the lien of this Indenture. At delivery of the Initial Bonds, the Residual Certificate shall be delivered to, and registered on the books of the Corporation kept by the Trustee in the name of the City.
Residual Certificate. The Class R Certificate. Seller: Xxxxxx Brothers Bank, FSB or its successor in interest or assigns. Servicer: Fairbanks Capital Corp. or its successor in interest or assigns or any successor to the Servicer under this Agreement as herein provided.
Residual Certificate. The Trustee shall be under no liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.2(b) and this Section 5.2(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under the provisions of this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and, in the case of a Residual Certificate which is also a Private Certificate, either the Rule 144A Letter or the Investment Letter. The Trustee shall be entitled but not obligated to recover from any Holder of a Residual Certificate that was in fact not a Permitted Transferee at the time it became a Holder or, at such subsequent time as it became other than a Permitted Transferee, all payments made on such Residual Certificate at and after either such time. Any such payments so recovered by the Trustee shall be paid and delivered by the Trustee to the last preceding Permitted Transferee of such Certificate.
Residual Certificate. Any of the Class R Certificates executed and -------------------- authenticated by the Trustee substantially in the form set forth in Exhibit B hereto.
Residual Certificate. If a transfer of a Residual Certificate is disregarded pursuant to the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Residual Certificate. Neither the Trust nor the Trustee shall be under any liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by this Section 5.01(c) or for making any payments due on such Certificate to the holder thereof or for taking any other action with respect to such holder under the provisions of this Agreement.
Residual Certificate. 18 Rolling Three Month Delinquency Rate.............................. 19
Residual Certificate. The Residual Certificate shall represent a fractional undivided beneficial interest in the Trust subordinated to the interests of the Investor Certificateholders, including the right to receive, subject to the terms and conditions set forth herein, (i) on each Distribution Date, the balance of the collections on the Purchased Contract Receivables after the Investor Certificateholders have received all distributions to which they are entitled hereunder and (ii) any other distribution to be made to the Residual Certificateholder as set forth in Article V hereof on such Distribution Date. The holder of the Residual Certificate shall have no right to vote with respect to the appointment of a successor Owner Trustee or the Servicer.
Residual Certificate. Class A-R Certificates.
