Residual Interestholder definition

Residual Interestholder means the Certificateholder, as owner of the Residual Interest.

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Residual Interestholder means any Holder of a Percentage Interest of the Residual Interest.

Residual Interestholder means the owner of the Residual Interest. The Seller shall be the initial Residual Interestholder.

Examples of Residual Interestholder in a sentence

Any request, notice, direction, consent, waiver or other instrument or action by the Residual Interestholder shall bind the successors and assigns of the Residual Interestholder.
The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Residual Interestholder.
The Owner Trustee hereby declares that it will hold the Trust Estate in trust upon and subject to the conditions set forth herein for the use and benefit of the Residual Interestholder, subject to the obligations of the Issuer under the Transaction Documents.
The Residual Interestholder shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Issuer or the Owner Trustee under this Agreement or any of the Transaction Documents or would be contrary to Section 2.3, nor shall the Owner Trustee be obligated to follow any such direction, if given.
Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Residual Interestholder receives such notice.

More Definitions of Residual Interestholder

Residual Interestholder means each Person in whose name a Residual Interest Instrument is registered in the Certificate Register.

Residual Interestholder means the Holder of a Residual Interest Instrument.

Residual Interestholder means the Transferor in its capacity as owner of the Residual Interest.

Residual Interestholder shall have the meaning specified in the Trust Agreement.

Residual Interestholder s Percentage” means, with respect to any day, a percentage (which percentage shall never be less than 0% nor more than 100%) equal to 100% minus (a) the Floating Allocation Percentage on such day, when used with respect to Allocable Non-Principal Collections and Allocable Defaulted Amounts and with respect to Allocable Principal Collections during the Revolving Period, and (b) the Fixed Allocation Percentage on such day, when used with respect to Allocable Principal Collections during a Partial Amortization Period or an Early Amortization Period.

Residual Interestholder means the Holder of a Residual Interest Investment.

Residual Interestholder s Percentage” shall mean 100% minus (a) the aggregate Series’ floating allocation percentages (including the Floating Allocation Percentage), when used with respect to Non-Principal Collections and Defaulted Receivables at all times and with respect to Principal Collections during the Revolving Period, and (b) the aggregate Series’ principal allocation percentages (including the Principal Allocation Percentage), when used with respect to Principal Collections during the Accumulation Period and an Early Amortization Period (or any other Series’ accumulation period or amortization period).