Examples of Original Certificate in a sentence
Concurrently with the initial transfer of the Receivables to the Issuer pursuant to the Sale and Servicing Agreement, the Owner Trustee shall cause to be executed, authenticated and delivered on behalf of the Issuer to the Depositor, Certificates in an aggregate principal amount equal to the Original Certificate Balance and evidencing the ownership of the Issuer.
The Certificates shall be issued with an initial face amount equal to the Original Certificate Balance and in minimum denominations of $[_______] and in integral multiples of $[______] in excess thereof; provided, that the final aggregate $[_______] distributed to the Certificateholders under the Basic Documents shall be deemed to repay the Certificate Balance in full and reduce the face amount of the Certificates to $0.
In the event an adjustment to the Original Certificate, if any, is required pursuant to this Section 3, then the Subscriber shall return such Original Certificate to the Company or its designated agent as soon as practicable upon its receipt of notice from the Company advising Subscriber of such adjustment, following which a new certificate (the “New Certificate”), if any, shall be issued in such amount representing the adjusted number of Shares held by the Subscriber.
The Limited Partners shall immediately and from time to time, as may be required by applicable law or otherwise deemed prudent by the General Partner, execute any amendments to the Original Certificate (the “Amended and Restated Certificate”), and do all filings, recordings, and other acts as may be appropriate to comply with the Act.
The Partnership commenced on the filing of the Original Certificate and shall continue until such time as it shall be terminated under the provisions of Article 8 hereof.