Certificate Insurer Deemed Owner Sample Clauses

Certificate Insurer Deemed Owner. For the purposes of (i) the giving of consents to amendments to this Sublease under of Section 11.05 hereof, (ii) the giving of any other consent of the Owners hereunder, and (iii) the control and direction of all rights and remedies upon the occurrence of an Event of Default, the Certificate Insurer, if any, shall be deemed to be the sole Owner of the Certificates for so long as it has not failed to comply with its payment obligations under the Certificate Insurance Policy; provided, however, that, notwithstanding the foregoing, the Certificate Insurer shall not be deemed to be the Owner of the Certificates for any consent to an amendment to this Sublease that (1) extends the Principal Payment Date of any Certificate or reduces the rate of interest represented thereby or extends the time of payment of such interest or reduces the amount of principal represented thereby or reduces the amount of any Mandatory Sinking Account Payment, (2) reduces the percentage of Owners whose consent is required for the execution of any amendment hereof or supplement hereto, or (3) amends Section 11.05 hereof.
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Certificate Insurer Deemed Owner. Unless a Certificate Insurer Default shall be continuing, the Certificate Insurer shall be deemed to be the Holder of 100% of the outstanding Insured Certificates for purpose of exercising the rights, including voting rights, of the Holders of the Insured Certificates under this Agreement. The rights of the Certificate Insurer to direct certain actions and consent to certain actions of the Majority Certificateholders hereunder will terminate at such time as the Class Principal Balances of all Classes of Class A Certificates have been reduced to zero and the Certificate Insurer has been reimbursed for all Guaranteed Payments and any other amounts owed under the Guaranty Policy.
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Related to Certificate Insurer Deemed Owner

  • Persons Deemed Owner Prior to due presentment for registration of transfer of any Note, the Issuer, the Indenture Trustee and any of their respective agents may treat the Person in whose name any Note is registered (as of the day of determination) as the owner of such Note for the purpose of receiving payments of principal of and interest, if any, on such Note and for all other purposes whatsoever, whether or not such Note be overdue, and none of the Issuer, the Indenture Trustee or any of their respective agents shall be affected by notice to the contrary.

  • Persons Deemed Certificateholders Prior to due presentation of a Certificate for registration of transfer, the Owner Trustee or the Certificate Registrar may treat the Person in whose name any Certificate shall be registered in the Certificate Register as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 5.02 and for all other purposes whatsoever, and neither the Owner Trustee nor the Certificate Registrar shall be bound by any notice to the contrary.

  • Persons Deemed Owners The registered Holder of a Note may be treated as its owner for all purposes.

  • Persons Deemed Trust Certificateholders Prior to due presentation of a Trust Certificate for registration of transfer, the Owner Trustee, the Certificate Registrar, any Paying Agent and any of their respective agents may treat the Person in whose name any Trust Certificate is registered in the Certificate Register as the owner of such Trust Certificate for the purpose of receiving distributions pursuant to Section 5.02 and for all other purposes whatsoever, and none of the Owner Trustee, the Certificate Registrar, any Paying Agent or any of their respective agents shall be affected by any notice to the contrary.

  • Depositor as Certificateholder The Depositor in its individual or any other capacity may become the owner or pledgee of Certificates and may otherwise deal with the Owner Trustee or its Affiliates as if it were not the Depositor.

  • Right Certificate Holder Not Deemed a Shareholder No holder, as such, of any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Preferred Shares or any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders (except as provided in Section 25 hereof), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof.

  • Person Deemed Owners The registered Holder of a Security may be treated as the owner of it for all purposes.

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