Initial Class C Holder definition
Examples of Initial Class C Holder in a sentence
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).
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.
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).
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.
The Initial Class C Holder shall have received such additional certificates, letters or opinions as it or its counsel may reasonably request.
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.
On the Closing Date, the Initial Class C Holder shall have received from the Trustee satisfactory evidence of the establishment of the Class C Spread Account.
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.
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.
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.