Outstanding Certificate. As of any Distribution Date and any Certificate, a Certificate that is designated by the Fiscal Agent as outstanding on the Record Date related to such Distribution Date; provided, however, that for any purpose other than determining distributions on a Distribution Date, an “Outstanding Certificate” on any date of determination will be a Certificate designated by the Fiscal Agent as outstanding on such date of determination.
Appears in 9 contracts
Samples: Federal National Mortgage Association, SMBS Master Trust Agreement, Supers Master Trust Agreement
