Class IC Certificateholder definition

Class IC Certificateholder means the Depositor or any Person in whose name the Class IC Certificate shall be registered in the Certificate Register.
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Examples of Class IC Certificateholder in a sentence

  • 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 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 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 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.

  • The Class IC Certificateholder shall notify the Trustee on or before the Determination Date if the Class IC Certificateholder intends to exercise its option to purchase the corpus of the Trust pursuant to this Section 16.02.

  • Certificateholders shall not be personally liable for obligations of the Trust (except to the extent provided in respect of the Class IC Certificateholder in Section 7.08).

  • The Servicer shall notify the Trustee and the Class IC Certificateholder on or before the Determination Date if the Pool Balance as of the end of the related Collection Period will be less than or equal to 10% of the Original Certificate Balance.

  • 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 Insurer, as their respective interests may appear herein; provided, however, that the interest of the Insurer and the Class IC Certificateholder shall be subordinated to the interests of the other Certificateholders as provided herein.

  • The right to repurchase all Group I Mortgage Loans and related REO Properties by the Majority Class I-C Certificateholder pursuant to clause (a) in the preceding paragraph shall be conditioned upon the Stated Principal Balance of all of the Group I Mortgage Loans in the related Sub-Trust, at the time of any such repurchase, aggregating 20% or less of the aggregate Cut-off Date Principal Balance of all of the Group I Mortgage Loans.

  • The Class I-C Certificateholder; provided, that if the Class I-C Certificateholder has not exercised its rights to initiate an auction under Section 11.01 on any date on which the Class I-C Certificateholder is entitled to do so, and the Master Servicer has not exercised its termination rights under Section 11.01 on any date on which the Master Servicer is entitled to do so, the Auction Initiator shall be the Group I Certificate Insurer.

Related to Class IC Certificateholder

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Class D Certificateholder means the Person in whose name a Class D Certificate is registered in the Certificate Register.

  • Certificateholder means the Person in whose name the Certificate is registered.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Remaining Certificateholder Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Majority Certificateholder means the Holder of the greatest percentage ownership interest in the Certificate as recorded in the Certificate Register.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.