Certificate Balance Sample Clauses

Certificate Balance. As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Factor (including any allocation of Deferred Interest pursuant to Section 4.01(f)). As to any Certificate that is not an Outstanding Certificate at the time of determination, zero.
AutoNDA by SimpleDocs
Certificate Balance. Any attempted transfer of any Certificate that would reduce such interest of the Depositor below 100% of the Certificate Balance shall be void. The Owner Trustee shall cause one Certificate issued to the Depositor (representing 100% of the Certificate Balance) to bear a legend stating "THIS CERTIFICATE IS NON-TRANSFERABLE."
Certificate Balance. As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Factor; provided, however, that in the case of any Outstanding Certificate representing beneficial interests in Excess Yield Amounts, the Certificate Balance subsequent to the initial Distribution Date will be equal to the related Percentage Interest multiplied by the then applicable notional principal balance of the Class of which such Outstanding Certificate forms a part (calculated as provided in the related Prospectus Supplement). As to any Certificate that is not an Outstanding Certificate at the time of determination, zero.
Certificate Balance. As to any Outstanding Certificate prior to the initial Distribution Date for the related Series, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.
Certificate Balance. $ $ Certificate Pool Factor*........
Certificate Balance. Distributions on this Class A-1 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-1 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of CEDE & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-1 Certificate will be made only upon presentation and surrender of this Class A-1 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-1 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-1 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-1 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. The Agreement provides for certain amounts to be deposited into the Spread Account. In the event amounts available for withdrawal from the Spread Account are insufficient to make distributions on the Class A-1 Certificates, the Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.
Certificate Balance. As to any Certificate (other than a Retail Certificate or a No Payment Residual Certificate) prior to the initial Distribution Date for the related Series, the denomination thereof; and as to any such Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor. As to any Retail Certificate at any time, the denomination thereof less all amounts of principal previously distributed with respect thereto as reflected on the books of the Depository.
AutoNDA by SimpleDocs
Certificate Balance. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of the same Class, of authorized denominations of a like aggregate principal amount, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the 1997-A Securitization Trustee may require payment of a sum sufficient to cover any tax or governmental charges payable in connection therewith. Prior to due presentation of this Certificate for registration of transfer, the 1997-A Securitization Trustee, the Certificate Registrar and any of their respective agents may treat the Person in whose name this Class A-1 Certificate is registered as the owner hereof for the purpose of receiving distributions and for all other purposes, and neither the 1997-A Securitization Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement and the 1997-A Securitization Trust created thereby shall terminate upon the payment to Investor Certificateholders of all amounts required to be paid to them pursuant to the Agreement and the disposition of all property held as part of the 1997-A Securitization Trust. The Transferor may at its option purchase the corpus of the 1997-A Securitization Trust at a price specified in the Agreement, and such purchase of the 1997-A SUBI and 1997-A SUBI Certificate and other property of the 1997-A Securitization Trust will effect early retirement of the Certificates; PROVIDED, HOWEVER, such right of purchase is exercisable only on the Monthly Allocation Date on or after the Class A-3 Targeted Maturity Date, if either before or after giving effect to any payments of principal required to be made on such Monthly Allocation Date, the Certificate Balance shall be less than or equal to $123,123,151.92 (ten percent (10%) of the Aggregate Net Investment Value as of the Cutoff Date). By accepting this Certificate, the Holder hereof (and each Certificate Owner with respect hereto, by virtue of acquiring a beneficial interest herein) covenants and agrees that prior to the date which is one year and one day after the last date upon which (a) each Class of Investor Certificates has been paid in full, and (b) all obligations due under any other Securitized Financing have been paid in full, the Holder and/or Certificate Owner will not institute against,...
Certificate Balance. Initially, the aggregate principal amount of Certificates issued on the Closing Date and, thereafter, such principal amount reduced by all amounts distributed to the Certificateholders in respect of the Certificate Principal Distributable Amount.
Certificate Balance. In the event that the Class B-2 Certificate Balance has been reduced to zero, all Guarantee Payments thereafter shall be paid to the Class SB Certificates.
Time is Money Join Law Insider Premium to draft better contracts faster.