Eligibility Certificates Sample Clauses

Eligibility Certificates. Ineligible Holders 21 Section 4.9 Redemption of Partnership Interests of Ineligible Holders 22 ARTICLE V CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS 23 Section 5.1 Organizational Contributions 23 Section 5.2 Contributions by the Contributing Parties on the Closing Date and Pursuant to the Contribution Agreement 23 Section 5.3 Contributions by Limited Partners 24 Section 5.4 Deferred Issuance and Distribution 24 Section 5.5 Interest and Withdrawal 24 Section 5.6 Capital Accounts 25 Section 5.7 Issuances of Additional Partnership Interests and Derivative Partnership Interests 27 Section 5.8 Preemptive Right 28 Section 5.9 Splits and Combinations 28 Section 5.10 Fully Paid and Non-Assessable Nature of Limited Partner Interests 29 Section 5.11 Deemed Capital Contributions by Partners 29 ARTICLE VI ALLOCATIONS AND DISTRIBUTIONS 29 Section 6.1 Allocations for Capital Account Purposes 29 Section 6.2 Allocations for Tax Purposes 34 Section 6.3 Distributions to Record Holders 36 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 36 Section 7.1 Management 36 Section 7.2 Replacement of Fiduciary Duties 39 Section 7.3 Certificate of Limited Partnership 39 Section 7.4 Restrictions on the General Partner’s Authority to Sell Assets of the Partnership Group 39 Section 7.5 Reimbursement of the General Partner 39 Section 7.6 Outside Activities 40 Section 7.7 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 42 Section 7.8 Indemnification 42 Section 7.9 Liability of Indemnitees 44 Section 7.10 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 45 Section 7.11 Other Matters Concerning the General Partner 47 Section 7.12 Purchase or Sale of Partnership Interests 47 Section 7.13 Reliance by Third Parties 48 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS 48 Section 8.1 Records and Accounting 48 Section 8.2 Fiscal Year 48 Section 8.3 Reports 49
Sample 1
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Eligibility Certificates. Copies of the certificates, documents or other written instruments that evidence each Borrower's eligibility described in Section 8.1, together with copies of all seller/servicer contracts to which each Borrower is a party, all in form and substance satisfactory to Agent.
Sample 1
Eligibility Certificates. Copies of the certificates, documents or other written instruments that evidence the Borrower's eligibility described in Section 8.1, together with copies of all seller/servicer contracts to which the Borrower is a party, all in form and substance satisfactory to Agent.
Sample 1

Related to Eligibility Certificates

  • Eligibility Certificates; Ineligible Holders (a) If at any time the General Partner determines, with the advice of counsel, that:

  • Distributions on Book-Entry Certificates Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, which shall credit the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. All such credits and disbursements with respect to a Book-Entry Certificate are to be made by the Depository and the Depository Participants in accordance with the provisions of the Certificates. None of the Trustee, the Depositor or the Seller shall have any responsibility therefor.

  • Book-Entry Certificates (a) Each Class of Book-Entry Certificates, upon original issuance, shall be issued in the form of one or more typewritten Certificates representing the Book-Entry Certificates. The Book-Entry Certificates shall initially be registered on the Certificate Register in the name of the nominee of the Clearing Agency, and no Certificate Owner will receive a definitive certificate representing such Certificate Owner’s interest in the Book-Entry Certificates, except as provided in Section 3.09(c). Unless Definitive Certificates have been issued to Certificate Owners of Book-Entry Certificates pursuant to Section 3.09(c):

  • Final Distribution on the Certificates If on any Determination Date, the Master Servicer determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Certificate Account, the Master Servicer shall direct the Trustee promptly to send a final distribution notice to each Certificateholder. If the Master Servicer elects to terminate the Trust Fund pursuant to clause (a) of Section 9.1, at least 20 days prior to the date notice is to be mailed to the affected Certificateholders, the Master Servicer shall notify the Depositor and the Trustee of the date the Master Servicer intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties. Notice of any termination of the Trust Fund, specifying the Distribution Date on which Certificateholders may surrender their Certificates for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to Certificateholders mailed not earlier than the 10th day and no later than the 15th day of the month next preceding the month of such final distribution. Any such notice shall specify (a) the Distribution Date upon which final distribution on the Certificates will be made upon presentation and surrender of Certificates at the office therein designated, (b) the amount of such final distribution, (c) the location of the office or agency at which such presentation and surrender must be made, and (d) that the Record Date otherwise applicable to such Distribution Date is not applicable, distributions being made only upon presentation and surrender of the Certificates at the office therein specified. The Master Servicer will give such notice to each Rating Agency at the time such notice is given to Certificateholders. In the event such notice is given, the Master Servicer shall cause all funds in the Certificate Account to be remitted to the Trustee for deposit in the applicable subaccounts of the Distribution Account on the Business Day prior to the applicable Distribution Date in an amount equal to the final distribution in respect of the Certificates. Upon such final deposit with respect to the Trust Fund and the receipt by the Trustee of a Request for Release therefor, the Trustee shall promptly release to the Master Servicer the Mortgage Files for the Mortgage Loans. Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to the Certificateholders of each Class, in the order set forth in Section 4.2 hereof, on the final Distribution Date, in the case of the Certificateholders, in proportion to their respective Percentage Interests, with respect to Certificateholders of the same Class, an amount equal to (i) as to each Class of Regular Certificates, the Class Certificate Balance thereof plus accrued interest thereon in the case of an interest bearing Certificate, and (ii) as to the Residual Certificates, the amount, if any, which remains on deposit in the Distribution Account (other than the amounts retained to meet claims) after application pursuant to clause (i) above. In the event that any affected Certificateholders shall not surrender Certificates for cancellation within six months after the date specified in the above mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice all the applicable Certificates shall not have been surrendered for cancellation, the Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets which remain a part of the Trust Fund. If within one year after the second notice all Certificates shall not have been surrendered for cancellation, the Holders of each of the Class I-A-R Certificates shall be entitled to all unclaimed funds and other assets of the Trust Fund, held for distribution to such Certificateholders, which remain subject hereto.

  • Corporate Certificate The Underwriters shall have received at the Time of Closing a certificate, dated as of the Closing Date, signed by the Secretary of the Company, or such other officer(s) of the Company as the Underwriters may agree, certifying for and on behalf of the Company, to the best of the knowledge, information and belief of the person(s) so signing, with respect to: (a) the articles and by-laws of the Company; (b) the resolutions of the Company’s board of directors relevant to the issue and sale of the Offered Securities by the Company and the authorization of this Underwriting Agreement, the Warrant Indenture, the Warrant Certificates and the Compensation Option Certificates and the other agreements and transactions contemplated herein and therein; and (c) the incumbency and signatures of the signing officer(s) of the Company;

  • Incumbency Certificates For each Credit Party, signature and incumbency certificates of the officers of each such Person executing any of the Loan Documents, certified as of the Closing Date by such Person's corporate secretary or an assistant secretary as being true, accurate, correct and complete.

  • Distributions on the Certificates (a) Interest and principal on the Certificates will be distributed monthly on each Distribution Date, commencing in January 2002, in an aggregate amount equal to the sum of the Available Funds for such Distribution Date.

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