Payments to the Holder of the Exchangeable Transferor Certificate Sample Clauses

Payments to the Holder of the Exchangeable Transferor Certificate. On each Business Day, the Servicer shall determine whether a Pay Out Event is deemed to have occurred with respect to the Series 1995-1 Certificates, and the Servicer shall allocate and pay Collections in accordance with the Daily Report with respect to such Business Day to the Holder of the Exchangeable Transferor Certificate as follows:
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Payments to the Holder of the Exchangeable Transferor Certificate. On each Business Day, the Servicer shall determine whether a Series 1997-1 Pay Out Event is deemed to have occurred with respect to the Series 1997-1 Variable Funding Certificates, and the Servicer shall allocate and pay Collections in accordance with the Daily Report with respect to such Business Day to the Holder of the Exchangeable Transferor Certificate as follows:
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Payments to the Holder of the Exchangeable Transferor Certificate. On each Business Day, the Servicer shall allocate and pay Collections in accordance with the Daily Report with respect to such Business Day to the Holder of the Exchangeable Transferor Certificate in accordance with subsection 4.3(b) of the Agreement. Notwithstanding the foregoing, amounts payable to the Transferor pursuant to this subsection 4.5(b) shall instead be deposited in the Excess Funding Account to the extent necessary to prevent the Transferor Interest from being less than the Minimum Transferor Interest.
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Payments to the Holder of the Exchangeable Transferor Certificate. On each Date of Processing, the Master Servicer shall determine whether a Pay Out Event is deemed to have occurred with respect to the Investor Certificates. If no Pay Out Event has occurred, the Master Servicer shall allocate Collections with respect to such Date of Processing to the Holder of the Exchangeable Transferor Certificate as follows:
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Payments to the Holder of the Exchangeable Transferor Certificate. The Servicer may apply amounts allocated to the Holder of the Exchangeable Transferor Certificate in accordance with Section 4.3(c) unless as a result thereof the Transferor Interest would be less than the Aggregate Minimum Transferor Interest, in which case such amounts shall be deposited in the Excess Funding Account to the extent necessary to cause the Transferor Interest to at least equal the Aggregate Minimum Transferor Interest (such deposits into the Excess Funding Account to be made first, from such amounts constituting Collections of Principal Receivables, and second, from such amounts constituting Collections of Finance Charge Receivables); provided, however, that to the extent that on any day on which any Collections are deposited in the Collection Account, an event described in clause (i) of the definition of Cap Replacement Event shall have occurred and a Replacement Interest Rate Cap shall not have been entered into, the Servicer shall retain in the Collection Account an amount equal to the product of (x) the Series Percentage, (y) the Transferor Percentage and (z) the aggregate amount of Collections allocated to Principal Receivables and to Finance Charge Receivables on such date for application (i) to the payment of any amount required to be paid to the provider of such Replacement Interest Rate Cap in connection with the implementation thereof (such retained collections of Finance Charge Receivables to be so applied first followed by such retained Collections of Principal Receivables) until paid in full and (ii) on each Distribution Date with respect to the Amortization Period as Available Funds (in the case of any such retained Collections of Finance Charge Receivables) and as Available Principal Collections (in the case of any such retained Collections of Principal Receivables). Upon the implementation of a Replacement Interest Rate Cap any such retained funds shall be released to the Holder of the Exchangeable Transferor Certificate.
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Related to Payments to the Holder of the Exchangeable Transferor Certificate

  • Trust Certificates and Transfer of Interests SECTION 3.01 [Reserved].

  • Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes will have all the rights set forth in the Registration Rights Agreement dated as of April 24, 2002, between the Company, the Guarantors and the other parties named on the signature pages thereof or, in the case of Additional Notes, Holders of Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, among the Company, the Guarantors and the other parties thereto, relating to rights given by the Company and the Guarantors to the purchasers of any Additional Notes (collectively, the "Registration Rights Agreement").

  • Transfer of Interest Amount The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b); provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B.

  • Supplemental Agreements Without Consent of Applicable Certificateholders Without limitation of Section 9.01 of the Basic Agreement, under the terms of, and subject to the limitations contained in, Section 9.01 of the Basic Agreement, the Company may (but will not be required to), and the Trustee (subject to Section 9.03 of the Basic Agreement) shall, at the Company's request, at any time and from time to time, (i) enter into one or more agreements supplemental to the Escrow Agreement, the NPA or the Deposit Agreement, for any of the purposes set forth in clauses (1) through (9) of such Section 9.01, and (without limitation of the foregoing or Section 9.01 of the Basic Agreement) (a) clauses (2) and (3) of such Section 9.01 shall also be deemed to include the Company's obligations under (in the case of clause (2)), and the Company's rights and powers conferred by (in the case of clause (3)), the NPA, and (b) references in clauses (4), (6) and (7) of such Section 9.01 to "any Intercreditor Agreement or any Liquidity Facility" shall also be deemed to refer to "the Intercreditor Agreement, the Liquidity Facility, the Escrow Agreement, the NPA or the Deposit Agreement" and (ii) enter into one or more agreements supplemental to this Agreement to provide for the formation of a Class D Trust, the issuance of Class D Certificates, the purchase by the Class D Trust of Equipment Notes and other matters incidental thereto or otherwise contemplated by Section 2.01(b) of the Basic Agreement.

  • Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with:

  • Continuing Security Interest; Transfer of Notes This Security Agreement shall create a continuing security interest in the Collateral and shall

  • Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation:

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following:

  • Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if:

  • Redemption of Partnership Interests of Ineligible Holders (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any other information requested within the period of time specified in Section 4.9, or if upon receipt of such Eligibility Certificate or other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

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