Examples of Exchangeable Transferor Certificate in a sentence
The Exchangeable Transferor Certificate may be exchanged by the Transferor pursuant to the Agreement for one or more Series of Certificates and a reissued Exchangeable Transferor Certificate upon the conditions set forth in the Agreement.
Throughout the existence of the Trust, the Servicer will allocate to the Transferor, as holder of the Exchangeable Transferor Certificate, an amount equal to the Transferor Percentage of the aggregate amount of Collections of Finance Charge Receivables and Principal Receivables for each Monthly Period.
In addition to the Class A Certificates, the Class B Certificates and the CIA Certificates, the Exchangeable Transferor Certificate will be reissued pursuant to the Agreement and will represent the Transferor's interest in the Trust.
The reissued Exchangeable Transferor Certificate will represent the interest in the Principal Receivables not represented by the Class A Certificates, the Class B Certificates and the CIA Certificates (together the "Investor Certificates") or any other Series of Certificates.
In addition to the Class A Certificates, the Class B Certificates and the Excess Collateral, the Exchangeable Transferor Certificate will be reissued pursuant to the Agreement and will represent the Transferor's interest in the Trust.