Retained Certificate definition

Retained Certificate means any Certificate beneficially owned by the Depositor or an Affiliate thereof.

Retained Certificate. Until subject to an ERISA-Qualifying Underwriting, any Class 1A2, Class 2A3, Class 4A2, Class B1, Class B2 or Class B3 Certificate.

Retained Certificate means the "Retained Interest" as defined in Section 4.01 of the Agreement.

Examples of Retained Certificate in a sentence

• The Retained Certificate will be delivered by the Certificate Registrar to or upon the written order of the Depositor.

• For the avoidance of doubt, distributions payable to the Depositor, as holder of the Retained Certificate, shall be made to the Certificate Distribution Account.

• On each Payment Date to the extent Definitive Certificates have been issued, the Certificate Paying Agent shall withdraw from the Certificate Distribution Account and distribute to the Certificateholders, pro rata based on the Percentage Interest of each Certificateholder (or in the case of the Retained Certificate, deposit directly to the Certificate Distribution Account), all funds received in accordance with the provisions of the Indenture and this Agreement.

• Whenever a notice or other communication to the Certificateholders is required under this Agreement, except with respect to the Retained Certificate, and otherwise, unless and until Definitive Certificates shall have been issued to Certificate Owners pursuant to Section 3.5, the Owner Trustee shall give all such notices and communications specified herein to be given to the Certificateholders to the Clearing Agency, and shall have no obligation to the Certificate Owners.

More Definitions of Retained Certificate

Retained Certificate. Any Class X Certificate, Trust Certificate, Class R Certificate or other residual certificate issued in accordance with any of the transactions contemplated by the Securitization Agreements.

Retained Certificate. Any Class of Certificates designated as such in the Trust Agreement.

Retained Certificate means, in respect of the Certificates, the principal amount of Certificates repurchased by the Issuer after the Issue Date of such Certificate and held by the Issuer at the relevant time;