Residual Holder definition

Residual Holder. The holder of the Ownership Certificate.

Residual Holder means Triad Financial Residual Special Purpose LLC, a Delaware limited liability company.

Residual Holder means Triad Financial Residual Special Purpose LLC.

Examples of Residual Holder in a sentence

• The entries made in such accounts will be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, that any failure by the Residual Holder to maintain, or cause to be maintained, such accounts or any error therein will not affect the Borrower’s obligation to repay the Principal Amount in accordance with the terms of this Note.

• The Residual Holder will maintain, or cause to be maintained, in accordance with Residual Holder’s usual practice an account or accounts evidencing the indebtedness of the Borrower to the Lender hereunder resulting from this Note, including the amounts of principal payable and paid to the Lender from time to time.

• The oversight was discovered on Date 2 when the residual holder called to request the Form 1066 Schedule Q, Quarterly Notice to Residual Holder of REMIC Taxable Income or Net Loss Allocation.

• However, where the market value of the Trust Assets exceeds that amount, a sale to a third party at the highest price obtainable in a fair market sales process will provide the greatest benefit for the Residual Holder.

• Residual Holder, the Residual Holder or any other person specified pursuant to Treasury regulations will be required to act as tax matters person.

More Definitions of Residual Holder

Residual Holder. The meaning ascribed to the term “Certificateholder” in the Trust Agreement.

Residual Holder means a holder of either Common Stock or a Company Option immediately prior to the Effective Time.

Residual Holder shall have the meaning ascribed to the term "Certificateholder" in the Trust Agreement.

Residual Holder means the holder of a Residual Certificate. Originators: Metrofinanciera, as of the Closing Date, and Metrofinanciera and any of its Affiliates (with the authority to originate and service Residential Construction Loans) after the Closing Date, will be the Originators of all the Contributed Construction Loans to be assigned to the Issuer (the “Originators”).

Residual Holder means the Person in whose name the Residual Certificate is registered or any Person which is the successor to such Person as a result of a foreclosure or other similar action with respect to the Residual Certificate.

Residual Holder means the holder of the Trust Certificate issued pursuant to the Trust Agreement.

Residual Holder. The holder of the Ownership Certificate. Transfer and Servicing Agreement