Examples of VFC Certificateholder in a sentence
A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by any VFC Certificateholder to the Company and the Master Servicer shall be conclusive absent manifest error.
This VFC Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the VFC Certificateholder, by virtue of the acceptance hereof, assents and is bound.
We hereby consent to the execution and delivery by the Company, the Master Servicer, the Initial VFC Certificateholder and the Trustee of, and the changes effected to the Series 1996-1 Supplement by, the Amendment (substantially in the form previously distributed to us).
Notices required to be given to the VFC Certificateholders hereunder will be given by first class mail to the address of such holders as they appear in the Certificate Register, or, if expressly required herein, by telephonic notice via a telephone or telecopy number provided by each VFC Certificateholder to the Trustee.
No failure to exercise and no delay in exercising, on the part of the Enhancement Provider, the Trustee or any VFC Certificateholder, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
The Master Servicer shall give each VFC Certificateholder notice of any proposed amendment to this Supplement or to the Agreement on or before the later of (a) the date that is 10 days prior thereto and (b) the date of any initial notice thereof is provided to the Enhancement Provider.
Promptly after the receipt by a Responsible Officer of the Trustee of notice of the occurrence of a Surety Default, the Trustee shall give notice of such occurrence to each VFC Certificateholder and each Rating Agency.
On each Distribution Date, the Trustee shall distribute (by wire transfer) to each VFC Certificateholder and the Enhancement Provider such Person's share, as determined by the Master Servicer and reported to the Trustee on the preceding Determination Date or Funding Period Determination Date, as applicable, of the amounts to be distributed to the VFC Certificateholders and the Enhancement Provider pursuant to Article III.
The Servicer, the Company, the Series 2000-1 VFC Certificateholder and the Trustee intend, for federal, state and local income and franchise tax purposes only (but for no other purpose), that the Series 2000-1 VFC Certificate be evidence of indebtedness of the Company secured by the Trust Assets and that the Trust not be characterized as an association or publicly traded partnership taxable as a corporation.
Such notice shall state (w) the Increase Date, (x) the proposed amount of such Increase (the "Increase Amount"), (y) the VFC Certificateholders designated to participate in such Increase and (z) the amount of such Increase to be allocated to each such participating VFC Certificateholder.