SENIOR TRUST CERTIFICATES definition

SENIOR TRUST CERTIFICATES means the senior trust certificates representing senior beneficial interests in the property of the Trust that are issued from time to time pursuant to the Trust Deed.
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SENIOR TRUST CERTIFICATES means the senior trust certificates representing senior beneficial interests in the Trust that are issued from time to time pursuant to the Trust Deed. "SERIES" shall have the meaning assigned to such term in Annex A of the Trust Deed. "SERVICER" shall mean PIFCo in such capacity under the Servicing Agreement. "SERVICING AGREEMENT" shall mean the agreement dated as of December 21, 2001 among PIFCo, the Trustee, Petrobras and Petrobras Finance pursuant to which PIFCo, as Servicer, will agree, among other things, to service, manage, administer and collect the Receivables for the benefit of the Trustee and Petrobras Finance. "SPECIFIED BUYERS" shall have the meaning assigned to such term in the Master Export Contract. "TAX" or "TAXES" shall have the meaning set forth in Section 2.03. "TERMINATION EVENT" shall have the meaning set forth in Annex A of the Trust Deed. "TERMINATION PAYMENT" shall mean a payment equal to (a) the aggregate value of Prepaid Oil Products under this Agreement which have not theretofore been delivered to Petrobras Finance (i) set forth in Column (C) of Exhibit A for all Quarterly Delivery Periods and (ii) set forth in Columns (D-1) through (D-3) of Exhibit A through the last day of the Quarterly Delivery Period in which such Termination Payment is made, and (b) any indemnity or other amounts then due and payable by Petrobras to Petrobras Finance under the Master Export Prepayment Agreement <PAGE> 9 Contract and this Agreement and (without duplication) by Petrobras to the Trustee in respect of the Performance Guaranty of the obligations of PIFCo and Petrobras Finance; provided, that such payment in the aggregate shall not exceed the RPA Termination Price to be paid by Petrobras Finance in the event that the Receivables Purchase Agreement becomes subject to termination. "TRANSACTION DOCUMENTS" shall mean, collectively, the Commercial Contracts and the Senior Trust Certificate Documents. "TRUST" shall mean the PF Export Receivables Master Trust, a trust established and existing under the laws of the Cayman Islands and created by the Trust Deed. "TRUST DEED" shall have the meaning set forth in this Section 1.01. "TRUSTEE" shall have the meaning set forth in the recitals. "UNITED STATES" shall mean the United States of America. "U.S. GAAP" shall mean generally accepted accounting principles in the United States. "U.S. SELLER" shall mean initially PAI, and thereafter any trading entity that assumes all of PAI's rights and obligations under (...
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SENIOR TRUST CERTIFICATES means the senior trust certificates and any Additional Senior Trust Certificates representing senior beneficial interests in the Trust Property (other than the Charitable Property) issued from time to time under and pursuant to this Trust Deed.
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Related to SENIOR TRUST CERTIFICATES

  • 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.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Person in the trust established by the Trust Agreement and substantially in the form attached as Exhibit A to such Trust Agreement.

  • Definitive Trust Certificates shall have the meaning set forth in Section 3.10.

  • The Certificates The Offered Certificates shall be issued as follows:

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • COFI Certificates As specified in the Preliminary Statement.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Residual Certificates As specified in the Preliminary Statement.

  • REMIC I Certificates The Class R-I Certificates.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association.

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

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

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

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

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

  • Physical Certificates As specified in the Preliminary Statement.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Investor Certificates means the Class A Certificates, the Class B Certificates and the Collateral Interest.

  • Retail Certificates A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement.

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

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

  • Lockout Certificates The Class A-7 Certificates.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class N Certificate means any of the Certificates with a "Class N" 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.

  • Accrual Certificates As specified in the Preliminary Statement.