Underlying Trust Certificate definition

Underlying Trust Certificate means the trust certificate issued to the Issuer by the Underlying Trust pursuant to the Underlying Trust Agreement, evidencing a 100% beneficial ownership interest in the Underlying Trust.]
Sample 1Sample 2Sample 3
Underlying Trust Certificate means the certificate issued by the Underlying Trust to the Settlor hereunder, substantially in the form of Exhibit A hereto, evidencing the 100% beneficial interest in the Underlying Trust.
Sample 1Sample 2Sample 3

Examples of Underlying Trust Certificate in a sentence

  • This Underlying Trust Certificate is issued under and is subject to the terms, provisions and conditions of the Underlying Trust Agreement, to which Underlying Trust Agreement the Certificateholder by virtue of the acceptance hereof assents and by which such Certificateholder is bound.

  • The beneficial ownership of the Contracts represented by the Underlying Trust Certificate may not be sold, transferred, assigned, participated, pledged, or otherwise disposed of to any Person except in accordance with the provisions of this Section 2.11(a), and any attempted transfer in violation of this Section 2.11(a) shall be null and void.

  • Upon the issuance of the Underlying Trust Certificate, the Underlying Trustee shall recognize the Settlor as the Certificateholder.

  • The Underlying Trust Certificate shall be issued to the Settlor as a single Trust Certificate upon the deposit by the Settlor of the amounts described in Section 2.5 hereof.

  • The recitals contained herein and in the Underlying Trust Certificate (other than the signature of and authentication by the Underlying Trustee on the Underlying Trust Certificate) shall be taken as the statements of the Settlor and the Underlying Trustee assumes no responsibility for the correctness thereof.

  • Upon the formation of the Underlying Trust, the contribution by the Settlor pursuant to Section 2.5 and the issuance of the Underlying Trust Certificate, the Settlor shall be the sole beneficiary of the Underlying Trust.

  • The Underlying Trustee make no representations as to the validity or sufficiency of this Agreement or the Underlying Trust Certificate (other than the signature of and authentication by the Underlying Trustee on the Underlying Trust Certificate), or related documents.

  • The Underlying Trust Certificate shall be dated the date of its issuance.

  • The Underlying Trustee shall not at any time have any responsibility for or with respect to the legality, validity and enforceability of the Underlying Trust Certificate, or for or with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to the holders of the Underlying Trust Certificate under this Agreement.

  • The Issuer shall not engage in any business other than [financing, purchasing, owning, selling and managing the Contracts][acquiring and maintaining the Underlying Trust Certificate] in the manner contemplated by this Indenture and the other Transaction Documents and activities incidental thereto.

Related to Underlying Trust Certificate

  • 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.

  • 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 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 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.

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

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • 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 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.

  • Registered Noteholder means the Person in whose name a Note is registered on the Note Register on the applicable Record Date.

  • Certificate Owner With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Book-Entry Certificate.

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

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Residual Certificates As specified in the Preliminary Statement.

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

  • Certificate Registrar means the register mentioned and the registrar appointed pursuant to Section 3.4.

  • Physical Certificates As specified in the Preliminary Statement.

  • Certificate Register and Certificate Registrar The register maintained and the registrar appointed, respectively, pursuant to Section 5.03.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Certificate No 6-A-1-[_] Cut-off Date: October 1, 2004 First Distribution Date: November 25, 2004 Last Scheduled Distribution Date: October 25, 2034 Pass-Through Rate: 5.50% Initial Certificate Principal Balance of this Certificate $[ ] ("Denomination"): Initial Certificate Principal Balances of all Certificates of this Class: $15,000,000 CUSIP: 576434 XA 7 ISIN: US576434XA71 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ALTERNATIVE LOAN TRUST 2004-11 Mortgage Pass-Through Certificates, Series 2004-11 Class 6-A-1 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, the Trust Administrator, the Trustee or the Custodians referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that [_______] is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank, National Association, as master servicer (in such capxxxxx, the "Servicer"), trust administrator (in such capacity, the "Trust Administrator") and a custodian, U.S. Bank National Association, as a custodian and as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the applicable Mortgage Loans pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trust Administrator.

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

  • Certificateholder only the Person in whose name a 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.

  • Certificate Insurer As defined in the Series Supplement.

  • Physical Certificate As specified in the Preliminary Statement.