Lease SUBI Certificate definition

Lease SUBI Certificate means the certificate of beneficial ownership, representing beneficial ownership in the Sold Units allocated to the Lease SUBI Portfolio issued pursuant to the Lease SUBI Supplement.
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Examples of Lease SUBI Certificate in a sentence

  • In connection with an Optional Purchase, the Senior Notes shall be redeemed on the Redemption Date in whole, but not in part, for the Redemption Price and thereupon the pledge of the 99% 1999-A Lease SUBI shall be discharged and released and the 99% 1999-A Lease SUBI Certificate shall be returned to the Issuer.

  • On the Closing Date, the Issuer shall deliver or cause to be delivered to the Indenture Trustee as security for its obligations hereunder, the 99% 1999-A Vehicle SUBI Certificate and the pledged 99% 1999-A Lease SUBI Certificate.

  • Notwithstanding anything to the contrary contained in this Administration Supplement, for so long as Ryder is the Administrative Agent, the Administrative Agent shall be permitted to deposit into the 1999-A SUBI Collection Account only the net amount distributable to the Issuer, as holder of the 99% 1999-A Vehicle SUBI Certificate and pledgee of the 99% 1999-A Lease SUBI Certificate, on the related Deposit Date.

  • Upon any termination of this Agreement, the Program Lessor shall directly receive all distributions with respect to, or shall have the right to sell, the 2000-A Vehicle SUBI Certificate or the 2000-A Lease SUBI Certificate and to apply the funds received in respect thereof to pay interest on and principal of the Securities, subject to the provisions of the other Basic Documents.

  • The 2000-A Lease SUBI Certificate shall be pledged and delivered to the Program Lessor pursuant to Section 2.04 (the "2000-A Lease SUBI Pledge").

  • Concurrently with the transfer of the 99% 1999-A Vehicle SUBI Certificate and the pledge of the 99% 1999-A Lease SUBI Certificate to the Issuer, the Owner Trustee shall cause to be executed on behalf of the Issuer (i) Trust Certificates in an aggregate principal amount equal to $[______________] and (ii) Subordinated Notes in an aggregate principal amount equal to $[______________], in each case authenticated and delivered to or upon the written order of the Transferor, in authorized denominations.

  • Upon any termination of this Agreement, the Program Lessor shall directly receive all distributions with respect to, or shall have the right to sell, the 99% 1999-A Vehicle SUBI Certificate or the 99% 1999-A Lease SUBI Certificate and to apply the funds received in respect thereof to pay interest on and principal of the Securities, subject to the provisions of the other Basic Documents.

  • Thereafter, until the Lien of the Indenture is released, the Indenture Trustee will maintain physical possession of the 2000-A SUBI Certificates for the benefit of the Senior Noteholders; provided, that the Program Lessee shall continue to have all rights with respect to the 2000-A Vehicle SUBI Certificate set forth in this Agreement and, subject to the lien of the 2000-A Lease SUBI Pledge and the Indenture, all rights with respect to the 2000-A Lease SUBI Certificate.

  • The Transferor has caused the Trustee to deliver the 2000-A Lease SUBI Certificate to the Indenture Trustee, as Registered Pledgee.

  • No (i) rescission or termination of this Agreement in whole or in part, (ii) repossession of the 2000-A Vehicle SUBI Certificate or foreclosure of the lien on the 2000-A Lease SUBI Certificate or (iii) exercise of any remedy under Section 7.01 shall, except as specifically provided therein, relieve the Program Lessee of any of its liabilities or obligations hereunder.

Related to Lease SUBI Certificate

  • SUBI Certificate has the meaning set forth in Section 3.02(a) of the Titling Trust Agreement.

  • Issuer SUBI Certificate Transfer Agreement means that certain issuer SUBI certificate transfer agreement, dated as of March 20, 2019, between the Transferor and the Issuer, as amended or supplemented from time to time.

  • SUBI has the meaning set forth in the Recitals.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • COFI Certificates As specified in the Preliminary Statement.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • SUBI Collections has the meaning set forth in the Indenture.

  • Transferor Certificate As defined in Section 5.02(b).

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.

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

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • SUBI Assets means the Leases, the SUBI Equipment and any related assets allocated to the Series 2014-1 SUBI.

  • REMIC I Certificates The Class R-I Certificates.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Residual Certificates As specified in the Preliminary Statement.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.