Examples of Class IC in a sentence
Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.
The Class IC Certificate shall be issued in the form of one or more Certificates and shall initially be issued to the Depositor.
In connection with such disposition, the Class IC Certificateholder is required to pay any unpaid fees and expenses of the Trustee that it would otherwise have been entitled to pursuant to this Agreement.
The Class IC Certificate and any residual amount Certificates described in Section 11.01 will be issued initially in fully registered, certificated form.
The rights of the Class IC Certificateholder to receive distributions from the Spread Account are described in Sections 10.02(e) and (f).
The provisions of this Tax Partnership Agreement shall be effective as of the effective date of the sale by the Depositor of the Class A Certificates and Class I Certificates and the issuance to the Depositor of the Class IC Certificate (the "Effective Date") and shall continue in full force and effect from and after such date until the earliest of: (a) the termination of the Agreement pursuant to its terms; or (b) the mutual agreement of all of the Tax Partners to terminate the Trust.
Class IC compaction shall be used for HMA base widening, shoulder resurfacing when specified, traffic lanes of Secondary highways and any other traffic lanes when Class IA and IB are not specified.
The rights of the Class IC Certificateholder shall be subordinated to the rights of the Class A Certificateholders and the Class I Certificateholders to the extent described in Section 9.04.
The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above.
The Spread Account and any amounts on deposit therein shall be part of the Trust and shall be for the benefit of the Certificateholders and the Surety Bond Issuer, as their respective interests may appear herein; provided, however, that the interest of the Surety Bond Issuer and the Class IC Certificateholder shall be subordinated to the interests of the other Certificateholders as provided herein.