Holder of the Exchangeable Seller Certificate definition

Holder of the Exchangeable Seller Certificate means Charming Shoppes Receivables Corp., a Delaware corporation, and its successors and assigns.
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Holder of the Exchangeable Seller Certificate or "holder of the Exchangeable Seller Certificate" shall mean the Holder of the Exchangeable Seller Certificate or the Holder of any uncertificated interest in the Seller Interest.
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Holder of the Exchangeable Seller Certificate shall have the meaning ascribed to that term in the Pooling and Servicing Agreement.
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Examples of Holder of the Exchangeable Seller Certificate in a sentence

  • Any proceeds of such sale in excess of such principal and interest paid shall be paid to the Collateral Interest Holder to satisfy any amounts owing under the Loan Agreement and thereafter paid to the Holder of the Exchangeable Seller Certificate.

  • Upon the termination of Trust pursuant to Section 12.1 of the Agreement (and subject to the exceptions set forth in the Agreement), the Trustee will assign and convey to the Holder of the Exchangeable Seller Certificate (without recourse, representation or warranty) all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, and Recoveries allocable to the Trust relating thereto and Interchange pursuant to subsections 2.5(k) and (l) of the Agreement.

  • Throughout the --------------------------------------------------- existence of the Trust, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Holder of the Exchangeable Seller Certificate an amount equal to the product of (A) the Seller Percentage for the current Monthly Period and (B) the aggregate amount of such Collections allocated to Principal Receivables and Finance Charge Receivables, respectively.

  • The Trustee will execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Holder of the Exchangeable Seller Certificate to vest in such Holder all right, title and interest which the Trustee had in the Receivables.

  • The Seller, the Servicer, the Trustee, the Holder of the Exchangeable Seller Certificate, each Investor Certificateholder, and each Certificate Owner, agrees to treat and to take no action inconsistent with the treatment of the Investor Certificates (or beneficial interest therein) as indebtedness for purposes of federal, state, local and foreign income or franchise taxes and any other tax imposed on or measured by income.

  • If on any Business Day the Seller Interest is greater than the Minimum Seller Interest, amounts on deposit in the Excess Funding Account shall be released to the Holder of the Exchangeable Seller Certificate.

  • The Trustee shall ------------------ execute and deliver such instruments of transfer and assignment, on behalf of the Trust, in each case without recourse, as shall be reasonably requested by the Holder of the Exchangeable Seller Certificate to vest in the Holder of the Exchangeable Seller Certificate all right, title and interest which the Trust had in the Receivables.

  • The Servicer shall allocate such amounts to each Series of Investor Certificates and to the Holder of the Exchangeable Seller Certificate in accordance with Article IV and shall withdraw the required amounts from the ---------- Collection Account or pay such amounts to the Holder of the Exchangeable Seller Certificate in accordance with Article IV.

  • The Collection Account shall be under the sole dominion and control of the Trustee for the ratable benefit of the Investor Certificateholders, the Receivables Purchasers, the Holder of the Exchangeable Seller Certificate and any Enhancement Provider to the extent of any Enhancement Invested Amount, as set forth above.

  • The Seller, the Servicer, the Holder of the Exchangeable Seller Certificate, each Investor Certificateholder, each Certificate Owner and each Receivables Purchaser agree to treat and to take no action inconsistent with the treatment of the Investor Certificates (or beneficial interest therein) or the Receivables Purchase Interests as indebtedness for purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income.

Related to Holder of the Exchangeable Seller Certificate

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Holder of Notes or other similar terms means the registered holder of any Note.

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

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Certificate Purchase Agreement The Purchase Agreement, dated as of [_______], among the Depositor and the Initial Purchasers, relating to the Privately Offered Certificates.

  • Securities Purchase Agreement means that certain securities purchase agreement, dated as of the Subscription Date, by and among the Company and the initial holders of the Notes pursuant to which the Company issued the Notes, as may be amended from time to time.

  • Preferred Security Certificate means a certificate representing a Preferred Security substantially in the form of Exhibit A-1.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Series B Purchase Agreement has the meaning set forth in the Recitals.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Majority Certificateholder means the Holder of the greatest percentage ownership interest in the Certificate as recorded in the Certificate Register.

  • Digital Certificate means an electronic device used to verify identity or protect electronic messages.

  • Upper-Tier Certificate Any one of the Class A Certificates (other than the Class A-LR Certificate) and the Class B Certificates.

  • Buyer Certificate means a certificate to the effect that each of the conditions specified in clauses (a) through (c) (insofar as clause (c) relates to Legal Proceedings involving the Buyer) of Section 5.3 is satisfied in all respects.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Majority Certificateholders The Holders of Certificates evidencing at least 51% of the Voting Rights.

  • Holder of Debt Securities or other similar terms means, a Person in whose name a Debt Security is registered in the Debt Security Register (as defined in Section 2.07(a)).

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Exchangeable Notes The Class M-2A and Class M-2B Notes.

  • Common Security Certificate means a definitive certificate in fully registered form representing a Common Security substantially in the form of Exhibit A-2.

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.