Fund Certificate definition

Fund Certificate means Fund Certificate No. [ ] issued by the Board confirming the guarantee by the Fund of timely principal and interest payments on the Obligations, subject to the terms and limitations thereof.
Sample 1

Examples of Fund Certificate in a sentence

  • The total amount of interest distributed or added to the Certificate Balance in respect of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Interest Rate on the Certificate Balance thereof immediately prior to such Distribution Date.

  • The total amount of interest distributed on or added to the Certificate Principal Balance of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

  • The total amount of interest distributed in respect of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Interest Rate on the Certificate Balance thereof immediately prior to such Distribution Date.

  • The total amount of interest distributed on or added to the principal of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

  • General Fund Certificates of Deposit (New CD): A Bank wishing to obtain the initial funding for a General Fund Certificate of Deposit will contact the OST CD Desk and request funding.

  • The total amount of interest distributed on any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

  • All representations, warranties and obligations contained herein shall survive the execution and delivery of this Agreement and the Fund Certificate.

  • The Borrower hereby agrees that the Board may issue a substitute or replacement for the Fund Certificate to cure any ambiguity or omission in the Fund Certificate which does not materially change the terms of the Fund Certificate nor adversely affect the rights of the Owners, and that this Agreement shall apply to such substituted Fund Certificate.

  • The coverage and terms of the Fund Certificate shall be subject to and limited by the terms and conditions thereof.

  • The Board will issue the Fund Certificate in accordance with and subject to the terms and conditions of the Terms and Conditions Agreement.

Related to Fund Certificate

  • Note Certificate means a certificate issued to each Registered Holder in respect of its registered holding of Notes;

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class ___ Certificate Any one of the Certificates executed and authenticated by the Trustee or Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit hereto.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Private Certificate As specified in the Preliminary Statement.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.