Common use of Rights of Investor Certificateholders Clause in Contracts

Rights of Investor Certificateholders. The Series 2001-A Certificates shall represent (i) the right of each Series 2001-A Certificateholder to receive payments of Series 2001-A Quarterly Principal Amortization Amounts, Quarterly Interest, any Additional Amounts and other amounts due thereunder upon the terms and conditions of such Certificates, the Master Trust Agreement and this Supplement and (ii) fractional undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments described in clause (i) above with respect to such Series 2001-A Certificates at the times and in the amount specified in the Master Trust Agreement, (a) the Series Percentage relating to Series 2001-A of Collections received with respect to the Purchased Receivables, (b) funds on deposit in the Collection Account, the Sweep Account and the Peso Denominated Account allocable to the Series 2001-A Certificates, (c) funds on deposit in the Series 2001-A Collection Subaccount, (d) funds on deposit in the Series 2001-A Certificate Account and (e) funds on deposit in the Series 2001-A Reserve Account. The Sellers' Certificate and the Subordinated Certificates, if any, shall represent the ownership interest in the Trust Assets not allocated to the Series 2001-A Certificates or any other Series outstanding; PROVIDED, HOWEVER, the ownership interest represented by the Sellers' Certificate, the Subordinated Certificates or by any other Series outstanding shall not represent any interest in the Series 2001-A Collection Subaccount, the Series 2001-A Certificate Account, the Series 2001-A Reserve Account, the Sweep Account, the Peso Denominated Account or any portion thereof allocable to the Series 2001-A Certificates, except as specifically provided in the Master Trust Agreement and this Supplement.

Appears in 2 contracts

Samples: TMM Holdings Sa De Cv, TMM Holdings

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Rights of Investor Certificateholders. The Series 20012002-A Certificates shall represent (i) the right of each Series 20012002-A Certificateholder to receive payments of Series 20012002-A Quarterly Principal Amortization Amounts, Quarterly Interest, any Additional Amounts and other amounts due thereunder upon the terms and conditions of such Certificates, the Master Trust Agreement and this Supplement and (ii) fractional undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments described in clause (i) above with respect to such Series 20012002-A Certificates at the times and in the amount specified in the Master Trust Agreement, (a) the Series Percentage relating to Series 20012002-A of Collections received with respect to the Purchased Receivables, (b) funds on deposit in the Collection Account, the Sweep Account and the Peso Denominated Account allocable to the Series 20012002-A Certificates, (c) funds on deposit in the Series 20012002-A Collection Subaccount, (d) funds on deposit in the Series 20012002-A Certificate Account and (e) funds on deposit in the Series 20012002-A Reserve Account. The Sellers' Certificate and the Subordinated Certificates, if any, shall represent the ownership interest in the Trust Assets not allocated to the Series 20012002-A Certificates or any other Series outstanding; PROVIDED, HOWEVER, the ownership interest represented by the Sellers' Certificate, the Subordinated Certificates or by any other Series outstanding shall not represent any interest in the Series 20012002-A Collection Subaccount, the Series 20012002-A Certificate Account, the Series 20012002-A Reserve Account, the Sweep Account, the Peso Denominated Account or any portion thereof allocable to the Series 20012002-A Certificates, except as specifically provided in the Master Trust Agreement and this Supplement.

Appears in 2 contracts

Samples: TMM Holdings Sa De Cv, TMM Holdings

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