The Retail Certificates Sample Clauses

The Retail Certificates. (a) Distributions of principal of each Class of Retail Certificates on any Distribution Date (each such distribution, a “Retail Principal Distribution”) shall be made with respect to each such Class in each case in integral multiples of $1,000, in accordance with the priorities and limitations set forth in the Prospectus Supplement. (b) On or prior to the Settlement Date, Xxxxxx Xxx shall make a cash deposit of $999.99 into each Retail Cash Deposit Account, for application as described in the Prospectus Supplement. (c) A beneficial owner of a Class of Retail Certificates shall be entitled to request that distributions of principal of such Class of Retail Certificates be allocated to such beneficial owner in integral multiples of $1,000, on the earliest possible Distribution Date, subject to the priorities and limitations described in the Prospectus Supplement. (d) On the Distribution Date on which the Class Balance of each Class of Retail Certificates is reduced to zero, any amounts remaining in the Retail Cash Deposit Account for such Class shall be distributed to the Holder of the Class 25-R Certificate.
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The Retail Certificates. (a) Distributions of principal of either Class of Retail Certificates on any Distribution Date (any such distribution, a “Retail Principal Distribution”) shall be made with respect to such Class in each case in integral multiples of $1,000, in accordance with the priorities and limitations set forth herein. (b) On or prior to the Settlement Date, Xxxxxx Xxx shall make a cash deposit of $999.99 in the Retail Cash Deposit Account with respect to the Class 46-LL Certificates and a cash deposit of $999.99 in the Retail Cash Deposit Account with respect to the Class 46-MM Certificates, in each case for application as described below. On each Distribution Date on which amounts from the Principal Distribution Amount are available for the distribution of principal of the Class 46-LL or Class 46-MM Certificates pursuant to the priorities specified in the Prospectus Supplement, the amount of such distribution to such Class shall be rounded, as necessary, to an amount equal to an integral multiple of $1,000. Such rounding shall be accomplished on the first Distribution Date on which any such distribution of principal is made on a particular Class by withdrawing from the applicable Retail Cash Deposit Account the amount of funds, if any, needed to round the amount otherwise allocable as principal of such Class to the next higher integral multiple of $1,000. On each succeeding Distribution Date on which any such distribution of principal is to be made with respect to such Class, the aggregate amount of the Principal Distribution Amount allocable to such Class shall be applied first to repay any funds withdrawn from the applicable Retail Cash Deposit Account on the preceding Distribution Date, and then the remainder of such allocable amount, if any, shall be similarly rounded upward and applied, together with any necessary withdrawal from the applicable Retail Cash Deposit Account, as a distribution of principal with respect to such Class. This procedure shall continue on succeeding Distribution Dates until the Class Certificate Principal Balance of such Class of Retail Certificates has been reduced to zero. (c) A beneficial owner of a Class of Retail Certificates shall be entitled to request that distributions of principal of such Class of Retail Certificates be allocated to such beneficial owner (up to the amount of such beneficial owner’s ownership interest in such Class of Retail Certificates) in integral multiples of $1,000, on the earliest possible Distribution Da...
Sample 1
The Retail Certificates. (a) Distributions of principal of the Classes of Retail Certificates on any Distribution Date (any such distribution, a “Retail Principal Distribution”) shall be made with respect to each such Class in each case in integral multiples of $1,000, in accordance with the priorities and limitations set forth in the Prospectus Supplement.
Sample 1Sample 2
The Retail Certificates. (a) On each Distribution Date on which amounts from the Principal Distribution Amount of a Series are available for the distribution of principal of any Class of Retail Certificates of such Series, the amount of each such distribution (with respect to each such Class, a “Retail Principal Distribution”) shall be rounded as necessary to integral multiples of $1,000, in accordance with the priorities and limitations set forth in the related Prospectus Supplement or Retail Class Supplement, as applicable. Such rounding shall be accomplished by applying the net amount withdrawn on each such Distribution Date from (or, as applicable, deducting the net amount deposited into) the applicable Retail Cash Deposit Account, as specified in the related Prospectus Supplement or Retail Class Supplement, as applicable. (b) On or prior to the applicable Settlement Date, Xxxxxx Mae shall make a cash deposit of $999.99 in the Retail Cash Deposit Account relating to each Retail Class of a Series for application as described in the related Prospectus Supplement or Retail Class Supplement, as applicable. (c) A beneficial owner of a Class of Retail Certificates shall be entitled to request that distributions of principal of such Class of Retail Certificates be allocated to such beneficial owner, in integral multiples of $1,000, on the earliest possible Distribution Date, subject to the priorities and limitations described in the related Prospectus Supplement or Retail Class Supplement, as applicable. (d) On the Distribution Date on which the Class Balance of any Class of Retail Certificates is reduced to zero, any amounts remaining in the related Retail Cash Deposit Account shall be distributed by the Trustee for the related Trust Fund to the Holder(s) of the R Class Certificate(s) of the related Series.
Sample 1
The Retail Certificates. (a) Distributions of principal of the Class of Retail Certificates on any Distribution Date (any such distribution, a “Retail Principal Distribution”) shall be made with respect to such Class in each case in integral multiples of $1,000, in accordance with the priorities and limitations set forth in the Prospectus Supplement. (b) On or prior to the Settlement Date, Xxxxxx Xxx shall make a cash deposit of $999.99 into the Retail Cash Deposit Account with respect to the Class of Retail Certificates, for application as described in the Prospectus Supplement. (c) A beneficial owner of a Class of Retail Certificates shall be entitled to request that distributions of principal of such Class of Retail Certificates be allocated to such beneficial owner in integral multiples of $1,000, on the earliest possible Distribution Date, subject to the priorities and limitations described in the Prospectus Supplement. (d) On the Distribution Date on which the Class Balance of the Class of Retail Certificates is reduced to zero, any amounts remaining in the Retail Cash Deposit Account shall be distributed to the Holder of the Class 46-R Certificate.
Sample 1

Related to The Retail Certificates

  • Additional Certificates The Company shall have furnished to the Agents such certificate or certificates, in addition to those specifically mentioned herein, as the Agents may have reasonably requested as to the accuracy and completeness at each Representation Date of any statement in the Registration Statement or the Prospectuses or any documents filed under the Exchange Act and Canadian Securities Laws and deemed to be incorporated by reference into the Prospectuses, as to the accuracy at such Representation Date of the representations and warranties of the Company herein, as to the performance by the Company of its obligations hereunder, or as to the fulfillment of the conditions concurrent and precedent to the obligations hereunder of the Agents.

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • Membership Certificates This LLC shall be authorized to obtain and issue certificates representing or certifying membership interests in this LLC. Each certificate shall show the name of the LLC, the name of the member, and state that the person named is a member of the LLC and is entitled to all the rights granted members of the LLC under the Articles of Organization, Certificate of Formation or a similar organizational document, this operating agreement and provisions of law. Each membership certificate shall be consecutively numbered and signed by one or more officers of this LLC. The certificates shall include any additional information considered appropriate for inclusion by the members on membership certificates. In addition to the above information, all membership certificates shall bear a prominent legend on their face or reverse side stating, summarizing or referring to any transfer restrictions that apply to memberships in this LLC under the Articles of Organization, Certificate of Formation or a similar organizational document and/or this operating agreement, and the address where a member may obtain a copy of these restrictions upon request from this LLC. The records book of this LLC shall contain a list of the names and addresses of all persons to whom certificates have been issued, show the date of issuance of each certificate, and record the date of all cancellations or transfers of membership certificates.

  • Medical Certificates Where the Employer requests medical certificates the Employer shall pay the costs of such certificates.

  • Final Distribution on the Certificates If on any Determination Date, the Master Servicer determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Certificate Account, the Master Servicer shall direct the Trustee promptly to send a final distribution notice to each Certificateholder. If the Master Servicer elects to terminate the Trust Fund pursuant to clause (a) of Section 9.1, at least 20 days prior to the date notice is to be mailed to the affected Certificateholders, the Master Servicer shall notify the Depositor and the Trustee of the date the Master Servicer intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties. Notice of any termination of the Trust Fund, specifying the Distribution Date on which Certificateholders may surrender their Certificates for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to Certificateholders mailed not earlier than the 10th day and no later than the 15th day of the month next preceding the month of such final distribution. Any such notice shall specify (a) the Distribution Date upon which final distribution on the Certificates will be made upon presentation and surrender of Certificates at the office therein designated, (b) the amount of such final distribution, (c) the location of the office or agency at which such presentation and surrender must be made, and (d) that the Record Date otherwise applicable to such Distribution Date is not applicable, distributions being made only upon presentation and surrender of the Certificates at the office therein specified. The Master Servicer will give such notice to each Rating Agency at the time such notice is given to Certificateholders. In the event such notice is given, the Master Servicer shall cause all funds in the Certificate Account to be remitted to the Trustee for deposit in the applicable subaccounts of the Distribution Account on the Business Day prior to the applicable Distribution Date in an amount equal to the final distribution in respect of the Certificates. Upon such final deposit with respect to the Trust Fund and the receipt by the Trustee of a Request for Release therefor, the Trustee shall promptly release to the Master Servicer the Mortgage Files for the Mortgage Loans. Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to the Certificateholders of each Class, in the order set forth in Section 4.2 hereof, on the final Distribution Date, in the case of the Certificateholders, in proportion to their respective Percentage Interests, with respect to Certificateholders of the same Class, an amount equal to (i) as to each Class of Regular Certificates, the Class Certificate Balance thereof plus accrued interest thereon in the case of an interest bearing Certificate, and (ii) as to the Residual Certificates, the amount, if any, which remains on deposit in the Distribution Account (other than the amounts retained to meet claims) after application pursuant to clause (i) above. In the event that any affected Certificateholders shall not surrender Certificates for cancellation within six months after the date specified in the above mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice all the applicable Certificates shall not have been surrendered for cancellation, the Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets which remain a part of the Trust Fund. If within one year after the second notice all Certificates shall not have been surrendered for cancellation, the Holders of each of the Class I-A-R Certificates shall be entitled to all unclaimed funds and other assets of the Trust Fund, held for distribution to such Certificateholders, which remain subject hereto.

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Form of the Certificates (a) The Certificates shall be substantially in the form of Exhibit A. The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates. (b) The Certificates shall be typewritten, printed, lithographed or engraved or produced by any combination of these methods (with or without steel engraved borders) all as determined by the officers executing such Certificates, as evidenced by their execution of such Certificates. The Certificates shall be fully registered. (c) The Certificates shall be issued in fully-registered form. The terms of the Certificates set forth in Exhibit A shall form part of this Agreement.

  • May Hold Certificates The Trustee, any Paying Agent, Registrar or any other agent of the Trust, in its individual or any other capacity, may become an Owner or pledgee of Certificates and may otherwise deal with the Trust with the same rights it would have if it were not Trustee, any Paying Agent, Registrar or such other agent.

  • CFO Certificate On the Closing Date and/or the Option Closing Date, the Representative shall have received a written certificate executed by the Chief Financial Officer of the Company, dated as of such date, on behalf of the Company, with respect to certain financial data contained in the Registration Statement, Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, in form and substance reasonably satisfactory to the Underwriters.

  • Initial Certificate Ownership Since the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5, the Depositor has been the sole Certificateholder.

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