Hedged Certificates definition
Examples of Hedged Certificates in a sentence
The Depositor hereby directs the Trustee to execute, deliver and perform its obligations under, and make the representations contained in, the Yield Maintenance Agreement on the Closing Date and thereafter on behalf of, and for the benefit of, the Holders of the Hedged Certificates.
All investments made with funds from the Reserve Fund shall be made in the name of the Trustee, for the benefit of the Holders of the Hedged Certificates.
The Sellers, the Depositor, the Servicer and the Holders of the Hedged Certificates (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing, delivering and performing its obligations under, and making the representations contained in, the Yield Maintenance Agreement and shall do so solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.
Pursuant to the terms of the Yield Maintenance Agreement, amounts received thereunder will be allocable to the applicable Class of Hedged Certificates, and the Trustee shall maintain records tracking such allocation.
Pursuant to the terms of the Yield Maintenance Agreement, amounts received thereunder will be allocable to the applicable Class of Hedged Certificates and the Trustee shall maintain records tracking such allocation.