Exchanges of Certificates Sample Clauses

Exchanges of Certificates. (a) Unless the Issue Supplement provides otherwise, Holders of Mega Certificates or SMBS Certificates (excluding SMBS Certificates backed by Excess Yield Amounts) may exchange any such Certificates for (i) related Mega Certificates, (ii) Certificates of one or more of the Classes of SMBS Certificates specified in the Issue Supplement, or (iii) a combination of Certificates specified in clauses (i) and (ii). In the case of any exchange described above, the Certificates surrendered by a Holder must provide for aggregate interest distribution amounts for any Distribution Date that are equal to the aggregate interest distribution amounts for that Distribution Date for the Certificates received in the exchange and have principal denominations that, in the aggregate, are equal to the aggregate principal denominations of the Certificates received in the exchange (exclusive of the notional principal denominations of any Certificates of an Interest Only Class). In addition, if an exchange includes one or more Floating Rate Classes, the aggregate interest distribution amounts on the Certificates surrendered for exchange and the Certificates received in the exchange must be equal at all levels of LIBOR or other related index as specified in the related Issue Supplement. Any Holder desiring to exchange one or more Certificates in the manner described above will give such notice and pay such fees as will be required by the Issuer from time to time.
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Exchanges of Certificates. (a) Unless the Issue Supplement provides otherwise, Holders of SMBS Certificates (excluding SMBS Certificates backed by Excess Yield Amounts) may exchange any such SMBS Certificates for (i) Pooled Securities (provided that if the Pooled Security is a single mega security, the SMBS Certificates may be exchanged for such mega security only), (ii) Certificates of one or more Classes of SMBS Certificates specified in the Issue Supplement, or (iii) a combination of the Pooled Securities and SMBS Certificates as specified in clauses (i) and (ii). In the case of any exchange described above, the Certificates surrendered by a Holder must (A) provide for aggregate interest distribution amounts for any Distribution Date that are equal to the aggregate interest distribution amounts for (x) the related distribution date for the Pooled Securities and/or (y) the Distribution Date for the Certificates received in the exchange and (B) have principal denominations that, in the aggregate, are equal to the aggregate principal denominations of the Pooled Securities and/or Certificates received in the exchange (exclusive of the notional principal denominations of any Certificates of an Interest Only Class). In addition, if an exchange includes one or more Floating Rate Classes, the aggregate interest distribution amounts on the Certificates surrendered for exchange and the Pooled Securities and/or Certificates received in the exchange must be equal at all levels of LIBOR or other related index as specified in the related disclosure document (for the Pooled Securities) or the Issue Supplement. Any Holder desiring to exchange one or more Certificates in the manner described above will give such notice and pay such fees as will be required by the Issuer from time to time. Xxxxxx Xxx in its sole discretion will determine whether or not the conditions for an exchange that are specified in this paragraph have been met.

Related to Exchanges of Certificates

  • Form of Certificates Every holder of shares in the Corporation shall be entitled to have a certificate signed, in the name of the Corporation (i) by the Chief Executive Officer, President or a Vice President and (ii) by the Secretary or an Assistant Secretary of the Corporation, certifying the number of shares owned by such holder of shares in the Corporation.

  • Effect of Certificates Any certificate signed by any officer of the Company and delivered to you or to counsel for the Underwriters shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby.

  • Execution of Certificates The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery of the Trustee's Mortgage Files relating thereto to it and, concurrently with such delivery, has executed, authenticated and delivered to or upon the order of the Depositor, in exchange for the Mortgage Loans, the Trustee's Mortgage Files and the other assets included in the definition of Trust Fund, Certificates duly authenticated by the Trustee in Authorized Denominations evidencing the entire ownership of the Trust Fund.

  • Replacement of Certificates If (i) any Certificate is mutilated and is surrendered to the Trustee or any Authenticating Agent or (ii) the Trustee or any Authenticating Agent receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and there is delivered to the Trustee or the Authenticating Agent such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Depositor and any Authenticating Agent that such destroyed, lost or stolen Certificate has been acquired by a bona fide purchaser, the Trustee shall execute and the Trustee or any Authenticating Agent shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and Certificate Principal Amount. Upon the issuance of any new Certificate under this Section 3.05, the Trustee and Authenticating Agent may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee or the Authenticating Agent) connected therewith. Any replacement Certificate issued pursuant to this Section 3.05 shall constitute complete and indefeasible evidence of ownership in the applicable Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

  • Transfer of Certificates In the event any Certificateholder shall wish to transfer such Certificate, the Depositor shall provide to such Certificateholder and any prospective transferee designated by such Certificateholder information regarding the Certificates and the Receivables and such other information as shall be necessary to satisfy the condition to eligibility set forth in Rule 144A(d)(4) for transfer of any such Certificate without registration thereof under the Securities Act, pursuant to the exemption from registration provided by Rule 144A.

  • Loss of Certificates In case of the alleged loss or destruction or the mutilation of a share certificate, a duplicate certificate may be issued in place thereof, upon such terms as the Trustees shall prescribe.

  • Exchange of Certificates (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of a Certificate immediately prior to the Effective Time whose shares of Company Common Stock were converted into the right to receive shares of Acquiror Common Stock pursuant to Section 2.1 a customary form of letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the Exchange Agent) containing instructions for use in effecting the surrender of the Certificates in exchange for the Merger Consideration. Upon proper surrender of a Certificate for exchange and cancellation to the Exchange Agent, together with a letter of transmittal, duly completed and validly executed in accordance with the instructions thereto, and such other documents as may be required pursuant to such instructions, the holder of such Certificate shall be entitled to receive in exchange therefor the Merger Consideration that such holder has the right to receive in respect of the shares of Company Common Stock formerly represented by such Certificate, and such Certificate so surrendered shall forthwith be cancelled. No interest will be paid or accrued for the benefit of holders of the Certificates on the Merger Consideration payable upon the surrender of the Certificates. Notwithstanding anything to the contrary contained in this Agreement, no holder of Book-Entry Shares shall be required to deliver a Certificate or an executed letter of transmittal to the Exchange Agent in order to receive the Merger Consideration that such holder is entitled to receive pursuant to Article II. In lieu thereof, each holder of record of Book-Entry Shares whose shares of Company Common Stock were converted into the right to receive shares of Acquiror Common Stock pursuant to Section 2.1 shall automatically upon the Effective Time (or, at any later time at which such Book-Entry Shares shall be so converted) be entitled to receive, and Acquiror shall cause the Exchange Agent to pay and deliver as promptly as practicable after the Effective Time, the Merger Consideration that such holder is entitled to receive pursuant to Article II, and the Book Entry Shares of such holder shall forthwith be cancelled.

  • Designation of Certificates Designation of Startup Day and Latest Possible Maturity Date................................ Section 2.06 Optional Substitution of Mortgage Loans...........................

  • Filing of Certificates J. Xxxxxx Xxxxxxxx is hereby designated an “authorized person” within the meaning of the Act, and shall execute, deliver and file the Certificate of Formation of the Company with the Secretary of State of the State of Delaware. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person” shall cease, and the Member shall thereupon become the designated “authorized person” within the meaning of the Act.

  • Authentication of Certificates The Owner Trustee shall cause all Certificates issued hereunder to be executed and authenticated on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor, in authorized denominations. No Certificate shall entitle its holder to any benefit under this Trust Agreement or be valid for any purpose unless there shall appear on such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or the Certificate Registrar by manual signature; such authentication shall constitute conclusive evidence that such Certificate shall have been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication.

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