Retained Certificates definition

Retained Certificates. The Certificates initially retained by the Depositor pursuant to the Trust Agreement.

Retained Certificates. The Class C Certificates, the Class P Certificates and the Class R Certificates.

Retained Certificates. The Class I Certificates, Class O Certificates, the Class P Certificates, the Class R Certificates and the Class X Certificates.

Examples of Retained Certificates in a sentence

• Transferor has entered into this Agreement, and the Certificates will be issued, with the intention that for Federal, state and local income and franchise tax purposes, the Investor Certificates (except Transferor Retained Certificates which are held by Transferor) of each Series will qualify as debt secured by the Receivables.

• The Vertically Retained Certificates shall be issued in minimum denominations of $100,000 and integral multiples of $0.01 in excess thereof.

• The Vertically Retained Certificates will be issuable in one or more individual Certificates, in minimum denominations of authorized Certificate Balance as described in the succeeding table and, subject to the third preceding sentence, multiples of $l in excess thereof.

• The Class 1-AR, Class LT-R, Class B-4, Class B-5 or Class B-6 Certificates, any Retained Certificates until such Retained Certificates have been subject to an ERISA-Qualifying Underwriting and any Certificate that does not satisfy the applicable rating requirement under the Underwriter’s Exemption.

• Retained Certificates..............................................

More Definitions of Retained Certificates

Retained Certificates. Collectively, the Class C, Class R-I, Class R-II and Class R Certificates.

Retained Certificates means the Certificates initially retained by a Person who holds 80% or more of the Certificates or a Person treated as the same Person as such Person for U.S. federal income tax purposes unless and until such Person owns less than 80% of the Certificates.

Retained Certificates. The Certificates retained by the Seller pursuant to the Trust Agreement, with an initial Certificate Balance of $934,888.51.

Retained Certificates. Not applicable.

Retained Certificates. The Class B-3 Certificates.

Retained Certificates. The Certificates initially retained by the Depositor pursuant to the Trust Agreement, while so held by the Depositor. S&P: S&P Global Ratings. Schedule of Receivables: The schedule of Receivables attached to each First Step Receivables Assignment delivered on the Closing Date and originally held as part of the Trust, and on file at the locations listed on Exhibit A of the Trust Sale Agreement, as it may be amended from time to time.

Retained Certificates. The Class [ ] Certificates. Seller: IndyMac Bank, F.S.B., a federal savings bank, and its successors in interest.