Examples of Residual Interest Holder in a sentence
No creditor of the Owner or the Residual Interest Holder shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to any property of the Trust.
Neither the Owner nor the Residual Interest Holder shall have legal title to any part of the Trust Estate or any interest in specific property comprising the Trust Estate.
No transfer by operation of law or otherwise of any interest of the Owner or the Residual Interest Holder shall operate to terminate this Agreement or the Trust hereunder or entitle any transferee to any accounting or to the transfer to it of any part of the Trust Estate.
The office of the Trust shall be in care of the Owner Trustee at its Corporate Trust Office or at such other address as the Owner Trustee may designate by written notice to the Certificateholder, the Residual Interest Holder, the Noteholders, the Servicer, the Transferor, the Back-up Servicer, and the Indenture Trustee.
XI-4 Section 11.14 Grant of Certificateholder and Residual Interest Holder Rights to Securities Insurer.
In the event such notice is given, the Master Servicer upon receipt from the Subsidiary Residual Interest Holder or the Class B-2 Certificateholder, as the case may be, shall deposit in the Certificate Account or the Master Distribution Account, as the case may be, on the applicable Distribution Date an amount equal to the final distribution in respect of the Certificates of the applicable Trust Fund.
Upon acceptance of appointment by a successor Owner Trustee pursuant to this Section 15.13, the Servicer shall mail notice of the successor of such Owner Trustee under this Agreement to the Indenture Trustee, to each Residual Interest Holder at its address as shown in the Residual Interest Registrar and to each Certificateholder at its address as shown in the Certificate Register.
RED FALCON TRUST By: Blue Heron Designated Activity Company, in its capacity as Residual Interest Holder By: Name: Title: GRID ATTACHED TO NOTE DATED [ ], 20[ ] RED FALCON TRUST PAYABLE TO THE ORDER OF [ ] Date Amount of Advance Outstanding Principal Balance Interest Rate Interest Period Notation Made By EXHIBIT C FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [ ], 20[ ] (“Agreement”), by and between [ ], a [ ] (“Assignor”), and [ ], a [ ] (“Assignee”).
The Transferor (or such successor Residual Interest Holder, as applicable) shall promptly sign, or cause to be signed pursuant to Section 15.04(a), such returns and deliver such returns after signature to the Administrator, on behalf of the Trust, and such returns shall be filed by the Administrator, on behalf of the Trust, with the appropriate tax authorities.
The parties agree that unless otherwise required by appropriate tax authorities, the Transferor (or successor Residual Interest Holder pursuant to Section 9.09 below) or the Administrator or the Owner Trustee on behalf of the Trust will file or cause to be filed annual or other necessary returns, reports and other forms consistent with the characterization of the Trust as provided in the second preceding sentence for such tax purposes.