Class Z Certificate definition

Class Z Certificate. Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-20 hereto and evidencing an undivided beneficial interest in the related portion of the Grantor Trust. The Class Z Certificates have no Pass Through Rate, Certificate Principal Amount or Notional Amount.
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Class Z Certificate. Any one of the Certificates with a "Class Z" designation on the face thereof, substantially in the form of Exhibit A-8 attached hereto, and evidencing a proportionate interest in Grantor Trust Z.
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Class Z Certificate. Any one of the Certificates with a "Class Z" designation on the face thereof, substantially in the form of Exhibit A-23 attached hereto, and evidencing a proportionate interest in the Additional Interest that is described in Section 4.01(b).
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Examples of Class Z Certificate in a sentence

  • No transfer of any Class Z Certificate shall be made unless that transfer is made pursuant to an effective registration statement under the Securities Act, and effective registration or qualification under applicable state securities laws, or is made in a transaction which does not require such registration or qualification.

  • Any Class Z Certificateholder desiring to effect such a transfer shall, and by the acceptance of its Class Z Certificate agrees to, indemnify the Trustee, the Certificate Registrar, the Paying Agent and the Depositor against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

  • None of the Depositor, the Trustee, Paying Agent or the Certificate Registrar is obligated to register or qualify the Class Z Certificates under the Securities Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of any Class Z Certificate without registration or qualification.

  • None of the Depositor, the Trustee, the Paying Agent or the Certificate Registrar is obligated to register or qualify the Class Z Certificates under the Securities Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of any Class Z Certificate without registration or qualification.

  • This certifies that ING Clarion Commercial Securitization Fund, L.P. is the registered owner of the Percentage Interest evidenced by this Class Z Certificate (as specified above) in that certain beneficial ownership interest evidenced by all the Class Z Certificates in the Trust Fund created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Wachovia Commercial Mortgage Securities, Inc.

  • The Paying Agent shall be entitled to rely on its determination that a Class Z Certificate is held through a middleman and shall be entitled to indemnification in accordance with the terms of this Agreement in the event that the Internal Revenue Service makes a determination that the first sentence of this paragraph is incorrect.

  • Any Class Z Certificateholder desiring to effect such a transfer shall, and by the acceptance of its Class Z Certificate agrees to, indemnify the Trustee, the Fiscal Agent, the Certificate Registrar, the Paying Agent and the Depositor against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

  • None of the Depositor, the Trustee, the Fiscal Agent, the Paying Agent or the Certificate Registrar is obligated to register or qualify the Class Z Certificates under the Securities Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of any Class Z Certificate without registration or qualification.

  • The Class N will bear interest at a variable rate per annum which will equal the excess of the Weighted Average Pass Through Rate over the weighted average of the Class A, Class B, Class C, Class V and Class Z Certificate Rates.

  • In addition, the Certificate Administrator will not be responsible or liable for providing subsequently amended, revised or updated information to any Certificateholder or holder of the Excess Servicing Strip, unless requested by a Holder of a Class A-1, Class XC, Class XP, Class V or Class Z Certificate or the holder of the Excess Servicing Strip.


More Definitions of Class Z Certificate

Class Z Certificate. Any one of the Certificates with a "Class Z" designation on the face thereof, substantially in the form of Exhibit A-6 attached hereto; provided that the Class Z Certificates will be issued only if the Trust Fund includes Trust ARD Loans.
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Related to Class Z Certificate

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Class K Certificate means any of the Certificates with a "Class K" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.