Initial Certificates definition

Initial Certificates. Means the certificates issued and authenticated hereunder substantially in the form of Exhibit A hereto other than the Exchange Certificates.

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Initial Certificates. Has the meaning specified in Section 3.01 of this Trust Supplement.

Initial Certificates has the meaning set forth in the preamble of this Agreement.

Examples of Initial Certificates in a sentence

Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable Initial Certificates, and Exchangeable Initial Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Paying Agent substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement.
Upon any such exchange the portions of the Exchangeable Initial Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor.
Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable Initial Certificates in respective denominations determined based on the proportion that the initial Outstanding Certificate Principal Balances of such Exchangeable Initial Certificates bear to the Original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A.
With respect to any Distribution Date, the Outstanding Certificate Principal Balance (or notional amount, as applicable) of the Exchangeable Initial Certificates and Exchangeable Certificates will depend upon, among other factors, which exchanges, if any, have taken place hereunder.
The Certificates authorized by this Trust Agreement shall consist of each Class of Exchangeable Certificates and certificated Class of Exchangeable Initial Certificates having the characteristics specified or determined as described in Appendix A, and otherwise shall be subject to the terms and provisions set forth herein.

More Definitions of Initial Certificates

Initial Certificates. The Home Equity Loan-Backed Certificates, Series 2005-HS2, issued on the Closing Date, each evidencing undivided beneficial interests in the Issuer and executed by the Owner Trustee. Initial Class A-I-1 Security Balance: $214,800,000. Initial Class A-I-2 Security Balance: $32,900,000. Initial Class A-I-3 Security Balance: $40,500,000. Initial Class A-I-4 Security Balance: $26,450,000. Initial Class A-I-5 Security Balance: $35,000,000. Initial Class A-II Security Balance: $227,812,500.

Initial Certificates. The Home Equity Loan-Backed Certificates, Series 2004-HS2, issued on the Closing Date, each evidencing undivided beneficial interests in the Issuer and executed by the Owner Trustee. Initial Class A-I-1 Security Balance: $156,790,000. ------------------------------------ Initial Class A-I-2 Security Balance: $24,550,000. ------------------------------------ Initial Class A-I-3 Security Balance: $72,520,000. ------------------------------------ Initial Class A-I-4 Security Balance: $35,290,000. ------------------------------------ Initial Class A-I-5 Security Balance: $19,250,000. ------------------------------------ Initial Class A-I-6 Security Balance: $21,600,000. ------------------------------------ Initial Class A-II Security Balance: $274,050,000. -----------------------------------

Initial Certificates. The Home Equity Loan-Backed Certificates, Series 2006-HSA5, issued on the Closing Date, each evidencing undivided beneficial interests in the Issuer and executed by the Owner Trustee.

Initial Certificates. Means the certificates issued and authenticated hereunder substantially in the form of Exhibit A hereto other than the Exchange Certificates. 77 -7- Initial Purchasers: Means, collectively, Morg▇▇ ▇▇▇n▇▇▇ & ▇o. Incorporated, Dona▇▇▇▇▇, ▇▇fkin & Jenr▇▇▇▇ ▇▇▇urities Corporation, Merr▇▇▇ ▇▇▇ch, Pierce, Fenn▇▇ & ▇mit▇ ▇▇▇orporated and Salo▇▇▇ ▇▇▇▇▇ Barney Inc.

Initial Certificates. The Home Loan-Backed Certificates, Series 2002-HI1, issued on the Closing Date, each evidencing undivided beneficial interests in the Issuer and executed by the Owner Trustee.

Initial Certificates. Means the "Initial Certificates" issued and authenticated under this Pass-Through Trust Agreement, and any certificates issued and authenticated hereunder substantially in the form of Exhibit A thereto, other than the Exchange Certificates.

Initial Certificates means the Beneficial Interest Certificates issued on the Initial Closing Date.