Guarantor as Holder Sample Clauses
The 'Guarantor as Holder' clause establishes that the guarantor is recognized as the legal holder of a particular right, instrument, or security for the purposes of the agreement. In practice, this means that the guarantor may exercise rights, receive payments, or enforce obligations as if they were the original holder of the relevant asset or document. For example, if a guarantor steps in to fulfill obligations under a loan, this clause may allow them to claim repayment or enforce collateral. The core function of this clause is to ensure that the guarantor can fully step into the shoes of the original holder, thereby facilitating enforcement and protecting the guarantor’s interests.
Guarantor as Holder. Certificates of a Trust that are beneficially held by the Guarantor will be disregarded and deemed not to be outstanding for purposes of determining whether a Guarantor Event of Default has occurred and is continuing or whether to remove the Master Servicer or the Trustee when a Guarantor Event of Default has occurred and is continuing. In all other matters with respect to a Trust, Certificates of that Trust that are beneficially owned by the Guarantor will be deemed outstanding and may be voted by the Guarantor to the same extent as Certificates held by any other Holder, unless the Guarantor is also a Transferor with respect to that Trust. If, however, the Guarantor beneficially owns 100% of the Certificates of a Trust, the Certificates owned by the Guarantor will be deemed outstanding and may be voted by the Guarantor, even if it is a Transferor.
Guarantor as Holder. Certificates of a Series that are beneficially held by the Guarantor will be disregarded and deemed not to be outstanding for purposes of determining whether a Guarantor Event of Default has occurred and is continuing or whether to remove the Trustee when a Guarantor Event of Default has occurred and is continuing. In all other matters with respect to a Trust, Certificates of that Series that are beneficially owned by the Guarantor will be deemed outstanding and may be voted by the Guarantor to the same extent as Certificates held by any other Holder. If, however, the Guarantor beneficially owns 100% of the Certificates of a Series, the Certificates owned by the Guarantor will be deemed outstanding and may be voted by the Guarantor without restriction.
Guarantor as Holder. Certificates that are beneficially held by the Guarantor will be disregarded and deemed not to be Outstanding Certificates for purposes of determining whether a Guarantor Event of Default has occurred and is continuing or whether to remove the Trustee when a Guarantor Event of Default has occurred and is continuing. In all other matters, Outstanding Certificates that are beneficially owned by the Guarantor may be voted by the Guarantor to the same extent as Certificates held by any other Holder. If, however, the Guarantor beneficially owns 100% of the Outstanding Certificates, the Certificates owned by the Guarantor may be voted by the Guarantor without restriction.