Initial Class C Holder definition

Initial Class C Holder shall have the meaning assigned thereto in the preamble of this Agreement.

Initial Class C Holder means Delta 2003-1 Class C Certificate Trust, a Delaware statutory trust organized pursuant to the Class C Statutory Trust Agreement, as the sole initial purchaser and holder of the Class C Certificates.

Initial Class C Holder means any person who received shares of Class C Common Stock in exchange for its shares of Series A Preferred Stock, par value $0.01 per share, of the Company pursuant to the terms of such Series A Preferred Stock.

Examples of Initial Class C Holder in a sentence

• On or prior to the Closing Date (i) all Series 2004-1 Certificates shall have been duly executed and authenticated and delivered in accordance with Section 6.2 of the Pooling and Servicing Agreement, (ii) the Class C Certificates shall have been delivered to the Initial Class C Holder in accordance with the terms hereof, and (iii) the Class A Certificates, Class M Certificates and Class B Certificates shall have been sold pursuant to the Senior Certificate Purchase Agreement.

• Seniority at contract signing Seniority from the signing date of this Agreement shall 13 be in accordance with the seniority list posted on the County’s website, as set forth in Article 21, 14 Section 13, and in the event of bumping or voluntary demotion to a vacancy in lieu of layoff, in 15 accordance with Section B.

• The Initial Class C Holder shall have received a certificate from the Trustee, in form and substance reasonably satisfactory to it covering the incumbency and specimen signatures of its officers executing such documents.

• The Servicer has delivered to the Initial Class C Holder complete and correct copies of the audited consolidated balance sheet and audited consolidated statement of income of Charming Shoppes, Inc.

• The Initial Class C Holder shall have received a copy of the letter of Ernst & Young, delivered pursuant to Section 6(m) of the Senior Certificate Purchase Agreement.

• The Initial Class C Holders shall have received copies of each of the Purchase Agreement, the Pooling and Servicing Agreement, the Security Agreement, the Supplement (which shall be satisfactory to the Initial Class C Holder) and the Senior Certificate Purchase Agreement, duly executed by the parties thereto.

• Each of the Initial Class C Holders shall have received an executed copy of each document set forth in Schedule II hereto (including reliance letters (if such Initial Class C Holder is not included as an addressee) on all opinions delivered to the Rating Agencies).

• The Initial Class C Holder shall have received an executed copy of each document described in Section 6 of the Senior Certificate Purchase Agreement (excluding Section 6(j) and the second sentence of Section 6(e) but including reliance letters on all opinions delivered to the Rating Agencies).

• Sections 4.1 through 4.10 constitute conditions precedent to the obligation of the Initial Class C Holder to purchase the Class C Certificates on the Closing Date.

• Sections 3.1 through 3.4 constitute conditions precedent to the obligation of the Third Party Investors to purchase interests in the Class C Certificates from the Initial Class C Holder on the Investor Purchase Date.

More Definitions of Initial Class C Holder

Initial Class C Holder means the partyHolder or beneficial owner of Class C Notes onthe Closing Date that is identified by the Issuer to the Trustee and the Collateral Manager as the Holder of the Class C Notes as of the Closing Date, for as long as such party (collectively, with its Affiliates and/or advisory accounts managed by such party) continues to hold a Majority of the Class C Notes (which, for the avoidance of doubt, may consist of a Majority of the Class C-R Notes after the 2021 Refinancing Date), as certified by such party to the Trustee at the time any determination of the Initial Class C Holder is required.