Certificate Limit definition

Certificate Limit. – means, with respect to each election to not issue qualified mortgage bonds in lieu of issuing mortgage credit certificates, the maximum aggregate amount of MCC.
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Certificate Limit means the certificate limit (as that term is used in subsection 116(2) of the Tax Act) as set forth in the Certificate; provided that until the Certificate is delivered to Purchaser, the Certificate Limit shall be deemed to be zero;
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Certificate Limit has the meaning ascribed to that term in Section 116 of the Tax Act.
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Examples of Certificate Limit in a sentence

  • This Policy, including the Schedule, Insurance Certificate, Limit of Indemnity Table, endorsements, any memoranda, appendix and amendments (if any), will constitute the entire contract between the parties.

  • When MCC Commitment Letters or MCCs have been issued which have effectively committed 75 percent of the Certificate Limit for each credit allocation under the Program, NHD shall prepare and distribute a notice to all Lenders stating that 75 percent of Certificate Limit with respect to such allocation has been utilized.

  • When MCC Commitment Letters or MCCs have been issued which have effectively committed all of the Certificate Limit for the Program, NHD shall maintain a list of Applicants in order of receipt of Application without depositing the MCC Program Fee.

  • When MCC Commitment Letters or MCCs have been issued which have effectively committed all of the Certificate Limit for the Program, the Administrator shall maintain a list of Applicants in order of receipt of Application.

  • Neither the inclusion herein of more that one ASSURED, nor the making of CLAIMS or the bringing of suits by more than one person or entity, shall operate in any way to increase the Certificate Limit of Liability.IV.

  • This Agreement shall enure to the benefit of and be binding upon the parties hereto, their respective executors, administrators, successors and permitted assigns.

  • A player or Company that is over the Certificate Limit (which might happen due to a transfer of Directorship) is com- pelled to sell until the player is within the limit at the next legal opportunity (and not until then).The following certificates count against the Certificate Limit for players and Companies:• Railroad certificates in play in a player’s portfolio.• Director’s Certificates owned (which count as one certificate despite being worth two Shares).

  • Under the Contingent Nonforfeiture option, your coverage will remain in force with a reduced Certificate Limit equal to the sum you have paid or, if greater, 30 times your Daily Benefit you have selected.

  • If your coverage under the policy ends, you may be entitled to continue your coverage.Exhaustion of Certificate Limit, failure to pay premium and immediate group insurance replacement may alter continuation rights.

  • Limit of liquidated damages 47.1 5% of Contract Value Defects Liability period 49.1 6 months Percentage of Retention 60.3 10% of Interim Payment Certificate Limit of Retention Money 60.3 10% of Contract Price Minimum amount of interim certificates 60.2 Kshs.


More Definitions of Certificate Limit

Certificate Limit means, (a) in respect of a particular Section 116 Certificate, the amount specified and fixed by the Minister of National Revenue in that Section 116 Certificate, and (b) in respect of a particular Section 1098 Quebec Certificate, the amount specified and fixed by the Quebec Minister of Revenue in that Section 1098 Quebec Certificate.
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Certificate Limit has the meaning ascribed to that term in Section 116 of the INCOME TAX ACT.
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Certificate Limit means the certificate limit fixed by the Certificate of Compliance as contemplated in subsection 116(5)(d) of the Tax Act or such other amount as clearly set out in the Certificate of Compliance that may be released to BHP Peru free of withholding under section 116 of the Tax Act;
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Certificate Limit has the meaning set forth in Section 3.4(a);
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Certificate Limit means the “certificate limit” (within the meaning of Section 116(2) of the Tax Act) of a Section 116 Certificate fixed by the Minister of National Revenue in such Section 116 Certificate;
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Certificate Limit means the amount of proceeds of disposition provided on a Clearance Certificate that has been issued to a Non-Resident with respect to the disposition of securities to Petrus AcquisitionCo;
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Related to Certificate Limit

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • Vote Limit Certificate means a certificate in substantially the form attached hereto as Exhibit B which is delivered to the Company in accordance with Article 8.

  • Certificate form means the form on which the certificate is delivered or issued for delivery by the issuer.

  • Original Certificate Balance means $38,461,539.71.

  • Class I-A-1 Certificate Any Certificate designated as a "Class I-A-1 Certificate" on the face thereof, in the form of Exhibit A-1 hereto, representing the right to the Percentage Interest of distributions provided for the Class I-A-1 Certificates as set forth herein and evidencing a Regular Interest in REMIC II.

  • Certificate Notional Balance With respect to each Certificate of Class X and any date of determination, the product of (i) the Class Certificate Notional Balance of such Class and (ii) the applicable Percentage Interest of such Certificate.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Initial Certificate Balance means $[ ].

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Certificate No 2-A-4-[__] Cut-off Date: October 1, 2002 First Distribution Date: November 25, 2002 Last Scheduled Distribution Date: December 25, 2032 Pass-Through Rate: 6.000% Initial Certificate Principal Balance of this Certificate $[______] ("Denomination"): Initial Certificate Principal Balances of all Certificates $34,902,000 of this Class: CUSIP: 55265K MH 9 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ASSET SECURITIZATION TRUST 2002-7 Mortgage Pass-Through Certificates, Series 2002-7 Class 2-A-4 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of three pools of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that _______________ is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Warburg Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank Minnesota, N.A., as master servicer (the "Servicer"), xxx Xachovia Bank, National Association, as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2 pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Related Certificate Group As to any Combinable Class or RCR Class, a Certificate Group that includes such Class.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Certificate Balance As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.