Custodial Certificate definition

Custodial Certificate is defined in Section 14.02(b)(i).

Custodial Certificate shall have the meaning for such term set forth in the Custodian Agreements.

Custodial Certificate is defined in Section 14.02(b)(i). “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. “Data File” has the meaning assigned to such term in Section 8.06(a). “Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event which, with the passage of time, the giving of notice, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default. “Defaulted Loan” means any Loan as to which any of the following occurs: (a) a default as to all or any portion of one or more payments of principal and/or interest has occurred with respect to such loan (after giving effect to any grace period applicable thereto but in no event exceeding three (3) Business Days past the applicable due date); (b) a default other than a payment default described in clause (a) above (after giving effect to any grace period applicable thereto) and for which the Borrower (or the administrative agent or required lenders pursuant to the Related Documents, as applicable) has elected to exercise any of its rights and remedies under such Related Documents (including, without limitation, acceleration or foreclosing on collateral, but excluding (i) the imposition of default pricing if such default, in the good faith business judgment of the Collateral Manager, did not arise for credit-related reasons or (ii) the exercise of any rights to receive reports or conduct audits);

Examples of Custodial Certificate in a sentence

• The Custodians shall have received the applicable Consumer Loan Documents and all other documents, instruments and writings required to be delivered to the Custodians hereunder and under the Custodian Agreements and Administrative Agent shall have received the Custodial Certificate from the Custodians relating thereto.

• At any time the undivided ownership interest in the Purchased Property represented by an Investor Master Custodial Certificate is the portion thereof that will entitle the Holder of such Certificate to receive the aggregate amount determined to be allocable to such Holder at that time and thereafter in accordance with the terms of this Agreement and the applicable Supplement.

• The execution, authentication (subject to Section 11.06) or delivery of a Master Custodial Certificate on behalf of the Custodian shall not be construed as a representation or warranty by the Custodian as to the validity of the Amended and Restated Master Custodial and Servicing Agreement, any Supplement or of such Master Custodial Certificate or its issuance and the Custodian shall in no respect be liable or answerable for the use made of the Master Custodial Certificates or the proceeds thereof.

• In connection with the issuance of any new Master Custodial Certificate under this Section, the Custodian or the Transfer Agent and Registrar may require the payment by the Master Custodial Certificateholder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Custodian and Transfer Agent and Registrar) connected therewith.

• Each Master Custodial Certificate shall be executed by manual or facsimile signature on behalf of the Custodian by an authorized officer thereof.

• The Purchaser shall deliver to the Custodian the Notice to Custodian (as defined below) at least twenty-four hours prior to any such transfer, which written notice will provide that the Purchaser will transfer all or part of its beneficial ownership interest in the Receivables identified on a schedule to such notice (the "Notice Schedule") to a third person as well as the Custodial Certificate relating to such Receivables, endorsed for transfer.

• This Agreement and the Executive’s employment pursuant to this Agreement shall begin on November 16, 2018 (the “Effective Date”) and continue until terminated pursuant to this Section 2 (the “Term”).

• Any exceptions to any of the foregoing shall be noted on an exception report to accompany the Custodial Certificate.

• Every Master Custodial Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written instrument of transfer in a form satisfactory to the Custodian or the Transfer Agent and Registrar duly executed by the Master Custodial Certificateholder or such Holder's attorney duly authorized in writing and by the transferee.

• Each of the Seller, the Servicer (including any Successor Servicer), the Custodian and, by acceptance of its Master Custodial Certificate, each Master Custodial Certificateholder agrees to treat the Investor Master Custodial Certificates in a manner consistent with the foregoing for purposes of all Canadian federal and provincial income and capital tax legislation.

More Definitions of Custodial Certificate

Custodial Certificate means a certificate with respect to Pledged Loan Documents completed and signed by Custodian substantially in the form of Exhibit A attached hereto.