Examples of Trust Certificateholders in a sentence
The Certificate Administrator agrees to comply with the terms of each Custodial Agreement, to enforce the terms and provisions thereof against the Custodian for the benefit of the Trust Certificateholders, the Uncertificated Interest Owners and the Serviced Companion Loan Holders and to cause any Custodian appointed by the Certificate Administrator to comply with any provision of this Agreement that purports to require such Custodian to act or refrain from acting.
The Risk Retention Consultation Parties shall have no liability to the Trust Fund, any party to this Agreement, any Trust Certificateholders or the Uncertificated Interest Owners for any action taken, or for refraining from the taking of any action, pursuant to this Agreement, or for errors in judgment.
No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor Trustee under Section 8.06 hereunder and no notice to the Trust Certificateholders or the Uncertificated Interest Owners of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof.
Upon receiving a notice of resignation or upon such a termination, or in case at any time the Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 5.09, the Certificate Administrator promptly shall appoint a successor Authenticating Agent, which shall be acceptable to the Depositor, and shall mail notice of such appointment to all Trust Certificateholders.
The consent of Trust Certificateholders and/or Uncertificated Interest Owners shall not be required for any such withholding.
The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee, for the benefit of the Trust Certificateholders and the Uncertificated Interest Owners.
The Certificate Registrar shall give prompt written notice to the Trust Certificateholders and the Uncertificated Interest Owners of any change in the location of the Certificate Register or any such office or agency.
For purposes of distributions to Trust Certificateholders, the Uncertificated Interest Owners and Serviced Companion Loan Holders and compensation to the Master Servicer, the Trustee or any other party hereto, Property Advances shall not be considered to increase the principal balance of any Mortgage Loan or Serviced Whole Loan, notwithstanding that the terms of such Mortgage Loan or Serviced Whole Loan so provide.
Provided that such Loss of Value Payment is made, this paragraph describes the sole remedy available to the Trust Certificateholders, the Uncertificated Interest Owners or the Trust regarding any such Material Defect in respect of which such Loss of Value Payment is accepted, and the related Mortgage Loan Seller shall not be obligated to repurchase or replace the affected Trust Loan or otherwise cure such Material Defect.
In no case whatsoever shall Trust Certificateholders or Uncertificated Interest Owners be permitted to access the Secure Data Room.