Examples of HRR Certificates in a sentence
The Class HRR Certificates to be delivered in physical form to the Certificate Administrator shall be delivered as set forth herein.
Under no circumstances by virtue of safekeeping the Class HRR Certificates shall the Certificate Administrator (i) be obligated to bring legal action or institute proceedings against any Person on behalf of the Holder of the Class HRR Certificates or the Retaining Sponsor or (ii) have any obligation to monitor, supervise or enforce the performance of any party under the Credit Risk Retention Compliance Agreement.
The Certificate Administrator shall be entitled to conclusively rely with no obligation to verify, confirm or otherwise monitor the accuracy of any information included in any written instructions provided in connection with this Third Party Purchaser Custodial Account and shall have no liability in connection therewith, other than with respect to the Certificate Administrator’s obligation to obtain the Retaining Sponsor’s consent prior to any release of the Class HRR Certificates.
Any transfer of the Class HRR Certificates shall be subject to Article 5 of this Agreement.
No amounts distributable to the HRR Certificates shall be remitted to the Third Party Purchaser Safekeeping Account, but shall be remitted directly to the Holder of the HRR Certificates in accordance with written instructions (which shall be in the form of Exhibit C to this Agreement) provided separately by the Holder of the HRR Certificates to the Certificate Administrator.
The HRR Certificates to be delivered in physical form to the Certificate Administrator shall be delivered as set forth herein.
Under no circumstances by virtue of safekeeping the HRR Certificates shall the Certificate Administrator (i) be obligated to bring legal action or institute proceedings against any person on behalf of the Holder of the HRR Certificates or (ii) have any obligation to monitor, supervise or enforce the performance of any party under the Credit Risk Retention Compliance Agreement.
Any transfer of the HRR Certificates shall be subject to Article V of this Agreement.
This Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of the Class H-RR Certificates.
There shall be, and hereby is, established by the Certificate Administrator an account which will be designated the “Third Party Purchaser Safekeeping Account” and into which the HRR Certificates shall be held and which shall be governed by and subject to this Agreement.