Class P Certificateholder definition

Class P Certificateholder means Green Tree Finance Corp.--Two.

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Class P Certificateholder. The Trustee shall treat amounts transferred by the Upper Tier REMIC to the Excess Reserve Fund Account as distributions to the Class X Certificateholder or, to the extent of the Pledged Prepayment Penalty Amount, the Class P Certificateholder for all Federal tax purposes.

Class P Certificateholder. A Holder of a Class P Certificate.

Examples of Class P Certificateholder in a sentence

• Class P Prepayment Charges shall be distributed to the Class P Certificateholder pursuant to Section 4.02(g).

• Class P Prepayment Charges shall be distributed to the Class P Certificateholder pursuant to Section 4.02(f).

• Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the Class P Certificates.

• The Class P Certificate shall be an Uncertificated interest, the owner of which will be the Class P Certificateholder.

• Upon the request of any Rating Agency or any Class J, Class K, Class L, Class M, Class N, Class O and Class P Certificateholder, pursuant to Section 8.12(b), the Trustee shall deliver copies of any of the items delivered pursuant to the preceding sentence to such requesting Person.

• Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the related Class P Certificates.

• Upon the request of any Rating Agency or any Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O and Class P Certificateholder, pursuant to Section 8.12(b), the Trustee shall deliver copies of any of the items delivered pursuant to the preceding sentence to such requesting Person.

• The Master Servicer shall deliver to each Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O and Class P Certificateholder that shall have requested a copy of any such notice a copy of the notice of such Servicing Transfer Event provided by the Master Servicer to the Special Servicer pursuant to this Section.

• On each Payment Date, the Trustee will pay to the Class P Certificateholder all Prepayment Charges included in the Certificate Account for such Payment Date.

• After distribution of the Amount Available under Sections 8.07(d) and (e), and provided the Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder (pro rata in respect of the Class P(F) and Class P(V) Interests) until the Class P Principal Balance is reduced to zero.