Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 3.05, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate.
Appears in 4 contracts
Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 3.052.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate Certificate, and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate.
Appears in 2 contracts
Samples: Execution (GSR Mortgage Loan Trust 2006-2f), Execution (GSR Mortgage Loan Trust 2005-9f)
Outstanding Certificate. Each Combinable Trust Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 3.053.03 or Section 3.04, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate.
Appears in 1 contract
Samples: Trust Agreement
