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 rights of the Class IC Certificateholder to receive distributions from the Spread Account are described in Sections 10.02(e) and (f).

  • 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.

  • Any losses on such investments shall be deposited in the Net WAC Reserve Fund by the Majority Class I-C Certificateholder out of its own funds immediately as realized.

  • In the event that the Majority Class I-C Certificateholder shall fail to provide investment instructions to the Securities Administrator, the related amounts on deposit in the Net WAC Reserve Fund shall be held uninvested.

  • 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.

  • Any losses on such investments shall be deposited in the Group I Reserve Fund by the Class I-C Certificateholder out of its own funds immediately as realized.

  • Amounts properly distributed to the Class IC Certificateholder pursuant to this Section, either directly without deposit in the Spread Account or from excess amounts in the Spread Account shall be deemed released from the Trust and from any security interest of the Trustee or the Surety Bond Issuer.

  • All amounts earned on amounts on deposit in the Group I Reserve Fund shall be taxable to the Class I-C Certificateholder.

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 The registered holder of a Class A Certificate.

  • 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 Has the meaning specified in Section 4.01(b)(iv) of this Trust Supplement.

  • Certificateholder only the Person in whose name a Certificate is registered in the Certificate Register.

  • 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.