Uncertificated Balance Sample Clauses
The Uncertificated Balance clause defines the portion of securities or shares that are not represented by physical certificates but are instead recorded electronically. In practice, this clause applies to shares held in book-entry form, meaning ownership is tracked through electronic records maintained by the company or its transfer agent, rather than by issuing paper certificates to shareholders. This arrangement streamlines the process of transferring ownership, reduces administrative costs, and minimizes the risk of loss or forgery associated with physical certificates, thereby ensuring efficient and secure management of share ownership.
Uncertificated Balance. 42 Uncertificated Corresponding Component......................43
Uncertificated Balance. The amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC I Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its Initial Uncertificated Balance. On each Distribution Date, the Uncertificated Balance of each REMIC I Regular Interest shall be reduced, first, by the portion of Realized Losses allocated in reduction of the principal balances of the Related Classes of Certificates on such Distribution Date and, second, by all distributions of principal deemed made on such REMIC I Regular Interest, as applicable, on such Distribution Date pursuant to Section 10.04. The Uncertificated Balance of each REMIC I Regular Interest shall never be less than zero.
Uncertificated Balance. 54- Uncertificated Interest.............................................................-55- Uninsured Cause.....................................................................-55- United States Person................................................................-55- Value ...........................................................................-55- Voting Rights.......................................................................-56- Wells Fargo.........................................................................-56- SECTION 1.02. Allocation of Certain Interest Shortfalls....................................................-56-
Uncertificated Balance. 39 SECTION PAGE