Designated Residual Owner definition

Designated Residual Owner. Advanta Finance Residual Corporation.
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Designated Residual Owner. Advanta Conduit Receivables, Inc.
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Designated Residual Owner. Advanta Mortgage Corp.
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Examples of Designated Residual Owner in a sentence

  • The amount so funded by the Designated Residual Owner on any such Payment Date is the "Interest Advance" for such Payment Date.

  • If, on any Payment Date, the Supplemental Interest Payment Amount Available is insufficient to pay the Supplemental Interest Amount for such Payment Date (such deficiency, the "Supplemental Interest Shortfall Amount"), the Trustee shall demand that the Designated Residual Owner fund such deficiency on the related Payment Date and the Designated Residual Owner shall be required to fund such deficiency.

  • The amount so funded by the Designated Residual Owner on any such Payment Date is the "Interest Advance" with respect to the related Class for such Payment Date.

Related to Designated Residual Owner

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Permit Holder means the Person to whom a Building Permit has been issued.

  • CCR means the California Code of Regulations.

  • Contract Holder means the person to whom the Benefit Plan is issued. Any other person approved for coverage with the Contract Holder under this plan is a dependent. Under Group coverage, the Contract Holder is the Member who is eligible for coverage because of his or her affiliation with a Group.

  • Service contract holder or "contract holder" means a person who is the purchaser or holder of a service contract.

  • Transfer student A student who enters a participating college or university after earning college-level credit at another college or university.

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • Designated Owner has the meaning set forth in the Statement.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Principal owner means any person who owns, controls, votes or has a beneficial

  • Ticket Holder means any individual possessing, holding or using a Ticket, including (without limitation) the Ticket Purchaser or any person to whom the Ticket was issued or transferred;

  • New Owner means, collectively, the HDFC and the Company.

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Transferring Member has the meaning set forth in Section 9.4.

  • Master REMIC As described in the Preliminary Statement.

  • Residual Interests As specified in the Preliminary Statement.

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.