Senior Class Conduit definition

Senior Class Conduit means, with respect to any Senior Class, the Certificateholder in such Senior Class which is a multi-seller commercial paper conduit (and if more than one Certificateholder in such Senior Class is a multi-seller commercial paper conduit, "Senior Class Conduit" shall mean such Certificateholders collectively).
Sample 1
Senior Class Conduit shall have the meaning specified in the Certificate Purchase Agreement.
Sample 1
Senior Class Conduit means, with respect to any Senior Class, the Certificateholder in such Senior Class which is a multi-seller commercial paper con- duit (and if more than one Certificateholder in such Senior Class is a multi-seller commercial paper conduit, "Senior Class Conduit" shall mean such Certificateholders collec- tively). "Senior Class Facility Limit" shall mean, (i) with respect to the Senior Class of which EFC is a member, $75,000,000, and (ii) with respect to the Senior Class of which RCC is a member, $50,000,000, and (iii) with respect to any other Class, the amount indicated in any supplement hereto for such Senior Class; provided that in each case such amount may not at any time exceed the aggregate Commitments for the related Bank Investors. "Series Supplement" shall have the meaning specified in the recitals hereto. "Subordinated Note" shall have the meaning specified in the Receivables Purchase Agreements. "Taxes" shall have the meaning set forth in Section 4.3 hereof. "Telerate Page 3750" shall mean the British Bankers Association Libor Rates (determined at 11:00 a.m. London time) that are published by Dow Jones Teleratx, Xxc. "Termination Date" shall mean the earliest of (i) the Business Day designated by the Transferor to the Agent and each Senior Class Agent as the termination date at any time following 60 days' written notice to the Agent and each Senior Class Agent, (ii) the date on which a Pay Out Event is declared or automatically occurs pursuant to the Master Pooling and Servicing Agreement or the Series Supplement, (iii) the Stated Series Termination Date, (iv) two Business Days prior to the Commitment Termination Date, (v) the Reinvestment Termination Date and (vi) the date on which a Program Support Agreement shall have terminated. "Termination Event" shall, solely for the purposes of this Agreement and any Program Support Agree- ment, have the same meaning as "Pay Out Event" under the Master Pooling and Servicing Agreement and the Series Supplement. "Transaction Costs" shall have the meaning set forth in Section 4.4 hereof. "Transaction Documents" shall mean, collec- tively, this Agreement, each Receivables Purchase Agree- ment, the Master Pooling and Servicing Agreement, the Series Supplement, the Fee Letter, the Certificates and all of the other instruments, documents and other agreements executed and delivered by the Transferor or any Eligible Originator in connection with any of the foregoing in connection with Series 1997-1, in each case,...
Sample 1

Examples of Senior Class Conduit in a sentence

  • Such Bank Investor shall be obligated to pay to the related Senior Class Conduit, in connection with such Assignment, in addition to the Bank Pro Rata Share of the related Senior Class Investor Amount, an amount equal to the interest component of the outstanding Commercial Paper issued to fund the portion of the related Senior Class Investor Amount being assigned to such Bank Investor, as reasonably determined by the Agent.

  • Upon any Assignment by a Senior Class Conduit to the related Bank Investors contemplated hereunder, such Senior Class Conduit shall cease to acquire any Additional Investor Amounts hereunder.

  • Each Senior Class Conduit and Bank Investor agrees that it shall not unreasonably withhold or delay its approval of the appointment of a successor Senior Class Agent.

  • Upon discovery by the Transferor, the Agent, any Senior Class Agent, any Senior Class Conduit or any Bank Investor of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice thereof to each other party, provided that the failure by any such party to give any such notice shall not impair any of such parties' rights hereunder.

  • Each Senior Class Conduit and Bank Investor also acknowledges that it will, independently and without reliance upon the Agent, any of the Agent's Affiliates, any other Bank Investor or any other Senior Class Conduit and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement and the other Transaction Documents to which it is a party.

  • Each Senior Class Conduit and each Bank Investor agrees that it shall not unreasonably withhold or delay its approval of the appointment of a successor Agent.

  • Upon discovery by the Servicer, the Transferor, the Agent, any Senior Class Agent, any Senior Class Conduit or any Bank Investor of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice thereof to each other party, provided that the failure by any such party to give any such notice shall not impair any of such parties' rights hereunder.

  • In addition, the Transferor hereby consents to and acknowledges the assignment by (i) EFC of all of its rights under, interest in and title to this Agreement and the Senior Class Certificates to the Collateral Agent and (ii) each other Senior Class Conduit of all of its rights under, interest in and title to this Agreement and the Senior Class Certificates to any Program Support Provider for such Senior Class Conduit.

  • In either such case, if any such Bank Investor shall not have assigned its rights and obligations under this Agreement within the applicable time period described above, the related Senior Class Conduit or the Transferor shall have the right to require such Bank Investor to accept the Assignment of the Bank Pro Rata Share for such Bank Investor of the related Senior Class Investor Amount; such Assignment shall occur in accordance with the applicable provisions of this Section.

  • Any communication between the Transferor or the Servicer and any Senior Class Agent, any Senior Class Conduit or any Bank Investor made pursuant to this Agreement or any other Transaction Document (other than such Person's Fee Letters) shall be made, to the extent possible, through the Agent.


More Definitions of Senior Class Conduit

Senior Class Conduit means such Certificateholders collectively).
Sample 1

Related to Senior Class Conduit

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Class HI M-1 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-1 Formula Distribution Amount" and (b) the Unpaid Class HI: M-1 Interest Shortfall, if any.

  • Senior Claims means, (a) with respect to the RBL Priority Collateral, each of the First-Priority Lien Obligations secured by such Collateral and, (b) with respect to the Term/Notes Priority Collateral, each of the Second-Priority Lien Obligations secured by such Collateral.

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Class H 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.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Class B Investor Charge-Offs shall have the meaning specified in subsection 4.06(b).

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Senior Certificates As specified in the Preliminary Statement.

  • Senior citizen means that term as defined in section 514.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.