Examples of Collateral Certificateholder in a sentence
Each Collateral Certificateholder by virtue of its beneficial interest in the Collateral Certificate shall be deemed to have made the representations and warranties stated in such legend.
Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to Collateral Certificateholder only to the extent permitted by applicable law.
In addition to the Eligible Investments identified in Section 1.1 of the Agreement, amounts held in the accounts established for the benefit of the Collateral Certificateholder may be invested in investments in money market funds having, at the time of the Trust’s investment, a rating in the highest rating category from each Rating Agency (which for Standard & Poor’s shall be limited to investments rated AAAm or AAAm-G) or otherwise approved in writing by each Rating Agency.
To the extent the Collateral Certificate is sold or otherwise transferred to a third party in connection with the sale or liquidation of the Trust Estate pursuant to the provisions of the Indenture, such transferee shall be the Collateral Certificateholder for all purposes under the Pooling and Servicing Agreement and the Series 2004-1 Supplement.
In accordance with the terms of the Indenture, the Indenture Trustee shall be the Collateral Certificateholder for all purposes under the Pooling and Servicing Agreement and the Series 2004-1 Supplement.
An amount equal to the lesser of (x) the Available Series 2008-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (v) and (y) the sum of Monthly Interest and Carryover Interest shall be paid to the Collateral Certificateholder in accordance with Section 5.1.
The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof for the benefit of the Collateral Certificateholder.
On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the “Class A Monthly Interest Shortfall”) equal to the excess, if any, of (x) the Class A Monthly Interest for the Interest Accrual Period applicable to such Distribution Date over (y) the amount available to be paid to the Collateral Certificateholder in respect of interest on such Distribution Date.
The Reserve Account shall be under the sole dominion and control of the Trustee for the benefit of the Collateral Certificateholder.
This Certificate is a duly authorized Investor Certificate entitled “Collateral Certificate” (the “Collateral Certificate”), which represents an undivided interest in the Trust, including the right to receive the Collections and other amounts allocated to the Collateral Certificate at the times and in the amounts specified in the Agreement and to be deposited in the Collection Account, the Principal Funding Account and the Reserve Account or paid to the Collateral Certificateholder.