Retained Trust Certificate Percentage definition

Retained Trust Certificate Percentage has the meaning specified in Section 3.10.
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Examples of Retained Trust Certificate Percentage in a sentence

  • Any attempted transfer of any Trust Certificate that would reduce the interest of WFSRC3 in the Trust below the Retained Trust Certificate Percentage shall be void.

  • WFSRC3 shall on the Closing Date retain Trust Certificates representing at least 100% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least 1% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • WFSRC shall on the Closing Date retain Trust Certificates representing at least 100% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least 1% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • Any attempted transfer of any Trust Certificate that would reduce the interest of WFSRC in the Trust below the Retained Trust Certificate Percentage shall be void.

  • Any attempted transfer of any Trust Certificate that would reduce the interest of WFSRC2 in the Trust below the Retained Trust Certificate Percentage shall be void.

  • WFSRC2 shall on the Closing Date retain Trust Certificates representing at least 100% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least 1% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • The Company shall on the Closing Date retain Trust Certificates representing at least __% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least __% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • WFSRC3 shall on the Closing Date retain Trust Certificates representing at least ____.___% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least ____.___% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • WFSRC2 shall on the Closing Date retain Trust Certificates representing at least 100% of the Certificate Percentage Interest and shall thereafter retain beneficial and record ownership of Trust Certificates representing at least __% of the Certificate Percentage Interest (the "Retained Trust Certificate Percentage").

  • Any attempted transfer of any Trust Certificate that would reduce the interest of the Company in the Trust below the Retained Trust Certificate Percentage shall be void.

Related to Retained Trust Certificate Percentage

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Initial Certificate Balance means $[ ].

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Original Certificate Balance means $38,462,659.84.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Certificate Factor With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).