Uncertificated Interest Owner definition

Uncertificated Interest Owner. The Uncertificated 111RR Interest Owner or the Uncertificated VRR Interest, as the context may require.
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Uncertificated Interest Owner. The owner of an Uncertificated Interest (if issued) from time to time. For avoidance of doubt, no Uncertificated Interest will be issued under this Agreement, and any references to “Uncertificated Interest Owner” in this Agreement shall be disregarded.
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Uncertificated Interest Owner. The owner of an Uncertificated Interest from time to time. For the avoidance of doubt, the only Uncertificated Interest Owner shall be the Uncertificated VRR Interest Owner.
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Examples of Uncertificated Interest Owner in a sentence

  • No interest shall accrue or be payable to any Trust Certificateholder or Uncertificated Interest Owner on any amount held as a result of such Trust Certificateholder’s failure to surrender its Trust Certificate(s) or such Uncertificated Interest Owner’s failure to surrender its Uncertificated Interest, as applicable, for final payment thereof in accordance with this Section 9.01.

  • The Special Servicer shall deliver (to the extent available to the Special Servicer) to the Operating Advisor such reports and other information produced or otherwise made available by the Special Servicer to any Outside Controlling Note Holder, the Controlling Class Representative, any Uncertificated Interest Owner or Trust Certificateholders generally, as requested by the Operating Advisor in support of the performance of the Operating Advisor’s obligations under this Agreement in electronic format.

  • Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Trust Certificateholder or the Uncertificated Interest Owner receives such notice.

  • If the Trust Fund is not terminated on any Anticipated Termination Date for any reason, the Certificate Administrator shall promptly mail notice thereof to each affected Trust Certificateholder and each affected Uncertificated Interest Owner.

  • The Operating Advisor’s duties shall be limited to its specific obligations under this Agreement, and the Operating Advisor shall have no duty or liability to any particular Class of Trust Certificates or any Uncertificated Interest or any Trust Certificateholder or any Uncertificated Interest Owner.

  • In the event the Paying Agent or its agent withholds any amount from interest or original issue discount payments or advances thereof to any Trust Certificateholder or Uncertificated Interest Owners pursuant to federal withholding requirements, the Paying Agent shall indicate the amount withheld to such Trust Certificateholder or such Uncertificated Interest Owner.

  • Any such election by the Master Servicer, the Special Servicer or the Back-Up Advancing Agent shall not be construed to impose any duty on any other such party to make such an election (or any entitlement in favor of any Trust Certificateholder, any Uncertificated Interest Owner or any other Person to such an election).

  • The death or incapacity of any Trust Certificateholder or any Uncertificated Interest Owner shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Trust Certificateholder’s or Uncertificated Interest Owner’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

  • Any amount so withheld shall be treated as having been distributed to such Trust Certificateholder or such Uncertificated Interest Owner for all purposes of this Agreement.


More Definitions of Uncertificated Interest Owner

Uncertificated Interest Owner. The Uncertificated VRR Interest Owner.
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Related to Uncertificated Interest Owner

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Uncertificated Security has the meaning specified in Section 8-102(a)(18) of the UCC.

  • Uncertificated Warrant means any Warrant which is not a Certificated Warrant;

  • uncertificated proxy instruction means an instruction or notification sent by means of a relevant system and received by such participant in that system acting on behalf of the Company as the board may prescribe, in such form and subject to such terms and conditions as may from time to time be prescribed by the board (subject always to the facilities and requirements of the relevant system concerned);

  • uncertificated means, in relation to a share, a share title to which is recorded in the register as being held in uncertificated form and title to which, by virtue of the Uncertificated Securities Regulations, may be transferred by means of a relevant system;