FUNDING TRUST CERTIFICATE means a certificate issued by Funding Trust that evidences a 100% fractional undivided ownership interest in one or more instruments or certificates, each of which evidences not less than 99.00% of the residual interest in a Trust and represents the right to receive amounts to be distributed or paid to the holders of the residual interests pursuant to the related Securitization Transaction Documents.
FUNDING TRUST CERTIFICATE means a certificate issued by Funding Trust that evidences a 100% fractional undivided ownership interest in one or more instruments or certificates, each of which evidences not less than 99.00% of the residual interest in a securitization trust for a Securitization Transaction and represents the right to receive amounts to be distributed or paid to the holders of the residual interests pursuant to the related Securitization Documents.
Examples of FUNDING TRUST CERTIFICATE in a sentence
Transferor By:_______________________ Name: Title: FINGERHUT NATIONAL BANK Servicer By:_________________________ Name: Title: THE BANK OF NEW YORK (DELAWARE) Trustee By:_________________________ Name: Title: Exhibit A [FORM OF CLASS A VARIABLE FUNDING TRUST CERTIFICATE] THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAW.
RFS FUNDING TRUST CERTIFICATE evidencing a fractional undivided interest in the Trust, as defined below, the property of which includes a pool of credit card receivables sold to the Trust by Monogram Credit Card Bank of Georgia and RFS Holding, L.L.C..