Residual Certificate definition

Residual Certificate. The Class R Certificate.
Residual Certificate. Any one of the Class R Certificates and the Class R-X Certificates.
Residual Certificate. Any Class R-I or Class R-II Certificate.

Examples of Residual Certificate in a sentence

  • The Trustee shall be entitled but not obligated to recover from any Holder of a Residual Certificate that was in fact not a Permitted Transferee at the time it became a Holder or, at such subsequent time as it became other than a Permitted Transferee, all payments made on such Residual Certificate at and after either such time.

  • If any purported transferee shall become a Holder of a Residual Certificate in violation of the provisions of this Section 5.02(c), then the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of registration of Transfer of such Residual Certificate.

  • The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity.

  • If any purported transferee shall become a registered Holder of a Residual Certificate in violation of the provisions of this Section 3.03(f), then upon receipt of written notice to the Trustee that the registration of transfer of such Residual Certificate was not in fact permitted by this Section 3.03(f), the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of such registration of transfer of such Residual Certificate.

  • Any payment (not including any such costs and expenses) so recovered by the Trustee shall be paid and delivered to the last preceding Holder of such Residual Certificate.


More Definitions of Residual Certificate

Residual Certificate. Any one of the Class R Certificates.
Residual Certificate. The Class 1-A-R Certificate.
Residual Certificate. The Class R Certificate, which is being issued in a single class. Components R-1 and R-2 of the Class R Certificate is hereby each designated the sole Class of "residual interests" in REMIC I and REMIC II, respectively, for purposes of Section 860G(a)(2) of the Code.
Residual Certificate. Any Class R Certificate or Class LR Certificate issued, authenticated and delivered hereunder.
Residual Certificate. Each of the Class A-R and Class LT-R Certificates.
Residual Certificate. The Class R Certificates designated as such in the Trust Agreement.
Residual Certificate. Any residual certificate or "Class R" Certificate issued under any Trust Agreement.