Junior Certificateholder definition

Junior Certificateholder. The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.
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Junior Certificateholder means, at any time, any holder of one or more Junior Certificates.
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Examples of Junior Certificateholder in a sentence

  • If, however, the Master Servicer shall have exercised its right to repurchase a Mortgage Loan pursuant to this Section 4.07 upon the written request of and with funds provided by the Junior Certificateholder and thereupon transferred such Mortgage Loan to the Junior Certificateholder, the Master Servicer shall so notify the Trustee in writing.

  • If, however the Master Servicer shall have exercised its right to repurchase a Mortgage Loan pursuant to this Section 4.07 upon the written request of and with funds provided by the Junior Certificateholder and thereupon transferred such Mortgage Loan to the Junior Certificateholder, the Master Servicer shall so notify the Trustee in writing.

  • As to any Mortgage Loan which is delinquent in payment by 90 days or more, the Servicer may, upon the written request of and with funds provided by the Junior Certificateholder, purchase such Mortgage Loan from the Trustee at the Purchase Price therefor.

  • The Junior Certificateholder shall thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto.

  • The Junior Certificateholder will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto.

  • All costs relating to the computation of the Fair Value Prices shall be for the account of the Junior Certificateholder and shall be paid by the Junior Certificateholder at the time that such Mortgage Loan is purchased by the Junior Certificateholder.

  • Rogex Xxxxxxx Executive Vice President/ Treasurer FIRST SIERRA RECEIVABLES III, INC., in its individual capacity and as Junior Certificateholder of the First Sierra Equipment Lease Trust 1998-E By: /s/ E.

  • For purposes of this Section 4.07(c), the Servicer and the Master Servicer shall be entitled to rely on any notice delivered by the Junior Certificateholder until a notice (together with an officer's certificate and the supporting evidence of ownership set forth in the immediately preceding sentence) is delivered to the Servicer and the Master Servicer by any subsequent Holder of the entire interest in the most junior of the Subordinate Certificates.

Related to Junior Certificateholder

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class A Certificateholder The registered holder of a Class A Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Class D Certificateholder Has the meaning specified in Section 4.01(b)(iv) of this Trust Supplement.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Certificateholder only the Person in whose name a Certificate is registered in the Certificate Register.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Remaining Certificateholder Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Senior Certificate As defined in the Series Supplement.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.