Insured Certificateholder definition

Insured Certificateholder. A Holder of an Insured Certificate.

Insured Certificateholder means, as to a particular Insured Certificate, the Person, other than the Depositor, any Servicer, the Master Servicer, the Trustee, the Seller, the Securities Administrator or any subservicer retained by a Servicer who, on the applicable Distribution Date, is entitled under the terms of the Insured Certificates to a distribution on the Insured Certificates.

Insured Certificateholder has the meaning given such term in the Certificate Insurance Policy.

Examples of Insured Certificateholder in a sentence

• By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

• Each Insured Certificateholder, by accepting its Certificate, appoints the Trustee as attorney-in-fact for the purpose of making claims on the Certificate Policy.

• In addition, each Insured Certificateholder agrees that, unless a Certificate Insurer Default has occurred and is continuing, the rights specifically set forth above may be exercised by the Insured Certificateholders only with the prior written consent of the Certificate Insurer.

• Each Insured Certificateholder, by accepting its Certificate, appoints the Trustee as attorney-in-fact for the purpose of making claims on the MBIA Policy.

• Each Insured Certificateholder, by accepting its Certificate, appoints the Securities Administrator on behalf of the Trustee as attorney-in-fact for the purpose of making claims on the Certificate Policy.

• By accepting its Certificate, each Insured Certificateholder agrees that unless an Insurer Default exists, the Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

• Each Insured Certificateholder, by accepting its Certificate, appoints the Trustee as attorney-in-fact for the purpose of making claims on the Policy.

• By accepting its Certificate, each Insured Certificateholder agrees that unless a MBIA Default exists, MBIA shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

• By accepting its Certificate, each Insured Certificateholder agrees that unless an MBIA Default exists, MBIA shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

• In addition, each Insured Certificateholder agrees that, unless a Certificate Insurer Default has occurred and is continuing, the rights of the Insured Certificates may be exercised by the Insured Certificateholders only with the prior written consent of the Certificate Insurer.

More Definitions of Insured Certificateholder

Insured Certificateholder. Any Holder of a Class A1, Class A2, Class ------------------------- R1 or Class R2 Certificate.

Insured Certificateholder. Any Holder of a Class A2 Certificate.

Insured Certificateholder. With respect to a particular Class A Certificate, the Person, other than the Depositor, the Sponsor, the Swap Provider, the Master Servicer, the Securities Administrator, the Trustee, the Servicer, or any Subservicer retained by the Servicer or any Affiliate of any such Person, who, on the applicable Distribution Date, is entitled under the terms of such Class A Certificate to a distribution on such Class A Certificate.