Examples of Class S Certificateholder in a sentence
During the Rapid Amortization Period, the entire balance of additional Draws shall be funded by the Class S Certificateholder.
To the extent that the purchase price for any additional balance exceeds such principal amount on deposit in such collection account on such day, during the Managed Amortization Period, the difference shall be funded by the Class S Certificateholder.
Class S Certificateholder OWNER TRUSTEE'S CERTIFICATE OF AUTHENTICATION This is one of the Class S Certificates referred to in the within-mentioned Trust Agreement.
Every Person by virtue of becoming a Residual Certificateholder or Class S Certificateholder in accordance with this Agreement and the rules and regulations of the Certificate Registrar shall be deemed to be bound by the terms of this Agreement.
Posting and bidding for preferred duty assignments shall be installation-wide without exception.
A transferee of a Residual Certificate or a Class S Certificate shall become a Residual Certificateholder or Class S Certificateholder, respectively, and shall be entitled to the rights and subject to the obligations of a Residual Certificateholder or Class S Certificateholder, as appropriate, hereunder, upon due registration of such Residual Certificate or Class S Certificate in such transferee's name pursuant to Section 4.4.
For purposes of granting consent or taking other action under this Trust Agreement, the Note Insurer shall be considered the Class S Certificateholder, absent a Note Insurer Default.
The Class S Certificateholder may exercise such rights only with the consent of the Insurer.
Each Class S Certificateholder by accepting a Class S Certificate acknowledges that such Class S Certificateholder's Class S Certificates do not represent interests in or obligations of the Servicer, the Sponsor, the Owner Trustee, the Indenture Trustee, the Insurer or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Residual Certificates or the Basic Documents.
The provisions of this Section do not constitute an acknowledgement or admission by the Trust, the Owner Trustee, any Class S Certificateholder, any Residual Certificateholder or any creditor of the Trust that the Trust is eligible to be a debtor under the United States Bankruptcy Code, 11 U.S.C. xx.xx.