Transferor Trust Certificate definition

Transferor Trust Certificate has the meaning set forth in the Trust Agreement.
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Transferor Trust Certificate means the Trust Certificate issued to the Transferor representing at least 1% of the Certificate Balance.
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Transferor Trust Certificate means the Trust Certificate issued to the ---------------------------- Transferor representing at least 1% of the Certificate Balance.
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Examples of Transferor Trust Certificate in a sentence

  • Each Trust Certificate (other than the Transferor Trust Certificate) shall be issued in the name of the Initial Purchaser; provided, however, that upon delivery to the Initial Purchaser, the Owner Trustee and the Certificate Registrar of a letter in the form of Exhibit D, such Trust Certificate (other than the Transferor Trust Certificate) shall be reissued in the name and in the denomination set forth in such letter.

  • Except as set forth in the Basic Documents, any attempted transfer of the Transferor Trust Certificate by the Transferor shall be null and void.

  • If, however, the Trust Certificates are characterized as equity in the Issuer and the Issuer is characterized as a separate entity for federal income tax purposes, it is the intention of the parties that it qualify as a partnership, with the assets of the partnership being the Owner Trust Estate and the partners of the partnership being the Trust Certificateholders (including the Transferor as owner of the Subordinated Notes and the Transferor Trust Certificate) and the Notes being debt of the partnership.

  • The Transferor, as holder of the Transferor Trust Certificate and the Subordinated Notes, shall make no claim upon the Owner Trust Estate for the reimbursement of amounts paid pursuant to this Section.

  • Except as otherwise contemplated by the Basic Documents, neither the Subordinated Notes nor any beneficial interest therein may be transferred to any Person without the simultaneous transfer of the Transferor Trust Certificate to such Person, and any attempted transfer thereof shall be null and void; provided, that upon a dissolution of or termination of the holder of any Subordinated Notes, they may be distributed the owners of such holder.

  • Ownership of Transferor Trust Certificate and Subordinated Notes..............................

  • It is the intent of the Transferor, the Senior Noteholders and Trust Certificateholders that the Senior Notes and the Trust Certificates (other than the Transferor Trust Certificate) be treated as indebtedness of the Transferor secured by the Specified Vehicles and the payments on the Specified Leases for federal income tax and state income and franchise tax purposes.

  • Ownership of Transferor Trust Certificate and Subordinated Notes..................................

  • The Transferor, as Subordinated Noteholder, agrees to take no action inconsistent with the tax characterization of the Subordinated Notes and Transferor Trust Certificate as a direct ownership interest in the assets of the Issuer for all tax purposes.

  • It also represents the prospective future economic benefits that are expected to accrue from enhancing the portfolio of products available to the Company’s existing customer base with those of the acquired business.

Related to Transferor Trust 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.

  • 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.

  • Transferor Certificate As defined in Section 5.02(b).

  • 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.

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

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

  • Residual Certificates As specified in the Preliminary Statement.

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

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

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

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Individual Certificate Any Private Certificate registered in the name of the Holder other than the Depository or its nominee.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

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

  • Accrual Certificates As specified in the Preliminary Statement.

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

  • Residual Certificate The Class R Certificate.

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

  • 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.

  • Transferor Letter As defined in Section 5.03(n).

  • Investor Certificate means any one of the certificates (including, without limitation, the Bearer Certificates, the Registered Certificates or the Global Certificates) executed by the Transferor and authenticated by the Trustee substantially in the form (or forms in the case of a Series with multiple classes) of the investor certificate attached to the related Supplement.

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

  • Transferor Interest has the meaning specified in the Transfer Agreement.

  • 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.

  • Physical Certificates As specified in the Preliminary Statement.