Residual Certificateholder definition

Residual Certificateholder means each person in whose name a Residual Pass-through Certificate is registered on the Certificate Register.

Residual Certificateholder. As set forth in Exhibit I to the Declaration of Trust.

Residual Certificateholder. Holder of the Residual Certificate.

Examples of Residual Certificateholder in a sentence

• To the extent that such Trust taxes are not paid by a Residual Certificateholder, the Trustee shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual Certificate in the REMICs or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to Holders of regular interests in the related REMIC.

• To the extent that such taxes are not paid by a Residual Certificateholder, the Trustee shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual Certificate in any such REMIC or, if no such amounts are available, out of other amounts held in the Collection Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.

• To the extent that such Trust taxes are not paid by a Residual Certificateholder, the Trustee shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual Certificate in such REMIC or, if no such amounts are available, out of other amounts held in the Collection Account, and shall reduce amounts otherwise payable to holders of regular interests in such REMIC, as the case may be.

• To the extent that such taxes are not paid by a Residual Certificateholder, the Trustee or the Paying Agent shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual Certificate in any such REMIC or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.

• To the extent that such taxes are not paid by a Residual Certificateholder, the Securities Administrator or the Paying Agent shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual Certificate in any such REMIC or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.

More Definitions of Residual Certificateholder

Residual Certificateholder means each person in whose name a Residual Pass-through Certificate is registered on the Certificate Register. “Residual Pass-through Certificate” has the meaning assigned to such term in the Trust Agreement.

Residual Certificateholder. The registered Holder of a Class R Certificate. Residual Certificates: The Class R Certificates. Components R-1, R-2 and R-3 of the Class R Certificates are hereby designated as the sole Class of “residual interests” in each of REMIC I, REMIC II and REMIC III, respectively.

Residual Certificateholder or "Holder" shall mean a Person in whose name a Residual Certificate is registered.

Residual Certificateholder. The registered Holder of a Class R Certificate or Class III-R Certificate.

Residual Certificateholder or "Certificateholder": Any holder of a Residual Certificate.

Residual Certificateholder. Any Holder of a Residual Interest Certificate.

Residual Certificateholder. The registered Holder of a Class [ ] Certificate.