Remarketing of Certificates Sample Clauses

Remarketing of Certificates. (a) Upon the receipt by the Remarketing Agent of any notice pursuant to Section 9.2(a) or 9.2(c), the Remarketing Agent, subject to the terms of the Remarketing Agreement, shall offer for sale, and shall use its best efforts to sell (other than to the Cooperative, the Servicer, or their respective affiliates), the Certificates in respect of which such notice has been given. Unless otherwise instructed by the Cooperative or the Servicer, the Remarketing Agent will offer for sale and use its best efforts to sell any Certificates to be purchased pursuant to Section 9.2(a) or 9.2(b)(i) or 9.2(b)(iv). The Remarketing Agent shall have no obligation to remarket Certificates to be purchased pursuant to Section 9.2(b)(ii) or Section 9.2(b)(iii). Any such Certificates shall be offered: (i) at 100% of the Principal Amount thereof, plus Interest distributable, if any, to the Purchase Date as if such Purchase Date were a Certificate Payment Date, and (ii) pursuant to terms calling for payment of the Purchase Price on such Purchase Date, and delivery of such Certificates; provided that the Remarketing Agent shall not sell any Certificate if the amount to be received from the sale of such Certificate or portion thereof (including accrued interest, if any) plus the amount available under the Liquidity Facility to pay the portion (if any) of such Certificate not remarketed is less than such Purchase Price to be paid for such Certificate. The Remarketing Agent shall direct any person to whom such Certificates (or authorized portions thereof) are remarketed pursuant to this Section to deliver the Purchase Price thereof in immediately available funds to the Remarketing Agent on or before 10:00 a.m. (New York, New York time) on the Purchase Date. The Remarketing Agent shall promptly deliver such proceeds to the Tender Agent. Upon receipt and pending disbursement thereof, the Tender Agent shall deposit such moneys in the Remarketing Proceeds Fund. The Trustee, the Tender Agent or the Liquidity Provider may purchase any Certificates offered pursuant to this Section 9.5(a) for its own account. Each of the Cooperative and the Servicer acknowledges that it shall have no interest in any proceeds of the remarketing of Certificates, all of which shall be held in trust by the Trustee or the Tender Agent for the sole benefit of the holders of the Certificates and, to the extent that the Certificates have been purchased with funds provided by the Liquidity Provider, for the benefit of th...
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Remarketing of Certificates. (A) The Remarketing Agent shall use its best efforts to remarket the applicable Certificates tendered or deemed tendered under the terms and conditions provided for in the Trust Agreement.
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Remarketing of Certificates 
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Related to Remarketing of Certificates

  • 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.

  • 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.

  • Sale of Certificates At 11:00 a.m. New York City time on the Startup Day, at the offices of XxXxx Xxxxxx llp, 0 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (or at such other location acceptable to the Seller), the Seller and the Conduit Seller will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee and the Trustee will deliver (i) to the Underwriters (as designee of the Depositor), the Offered Certificates with an aggregate Percentage Interest in each Class equal to 100% registered in the name of Cede & Co. or in such other names as the Underwriters shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor, the Seller and the Conduit Seller), Class R Certificates registered in the name of CHEC Residual, LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC Residual, LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”). END OF ARTICLE IV

  • Authentication of Certificates Concurrently with the initial sale of the Receivables to the Trust pursuant to the Sale and Servicing Agreement, the Owner Trustee shall cause the Certificates to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its president, any vice president, any assistant vice president, its treasurer, any assistant treasurer, its secretary or any assistant secretary, without further limited liability company action by the Depositor. No Certificate shall entitle its Holder to any benefit under this Trust Agreement, or shall 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 by manual signature, which 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. Upon issuance, authentication and delivery pursuant to the terms hereof, the Certificates will be entitled to the benefits of this Trust Agreement.

  • 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.

  • 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.

  • 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.

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