20[__]-[__] SUBI Certificate definition

20[__]-[__] SUBI Certificate has the meaning set forth in the Recitals.
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20[__]-[__] SUBI Certificate means the certificate issued by the Titling Trust pursuant to the 20[__]-[__] SUBI Supplement, which evidences the beneficial interest in the assets of the 20[__]-[__] SUBI.
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20[__]-[__] SUBI Certificate has the meaning set forth in the recitals of the 20[●]-[●] SUBI Supplement. 34 (NALT 20[●]-[●] Agreement of Definitions)
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Examples of 20[__]-[__] SUBI Certificate in a sentence

  • The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 20[__]-[__] SUBI Certificate and the interest in the 20[__]-[__] SUBI represented thereby, whether set forth in the 20[__]-[__] SUBI Certificate, in the SUBI Trust Agreement or otherwise, and assumes all obligations and liabilities, if any, associated therewith.

  • The purchase price for the 20[__]-[__] SUBI Certificate shall equal the unpaid principal balances of the Notes, together with accrued interest thereon to the Redemption Date (the “Optional Purchase Price”), which amount shall be deposited by the Servicer into the 20[__]-[__] SUBI Collection Account on the Deposit Date relating to the Redemption Date.

  • In particular, the Owner Trustee shall not transfer, sell, pledge, assign or convey the 20[__]-[__] SUBI Certificate except as specifically required or permitted by the Basic Documents.

  • By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20[__]-[__] SUBI Certificate and the 20[__]-[__] SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders.

  • Notwithstanding anything to the contrary contained in this Agreement, the obligations of the Transferor under this Agreement are non-recourse obligations of the Transferor, and shall be payable by the Transferor, solely from the proceeds of the 20[__]-[__] SUBI Certificate and the Servicing Agreement, but only to the extent of any interest of the Transferor therein.

  • Notwithstanding anything to the contrary contained in this Servicing Supplement, for so long as BMW FS is the Servicer, the Servicer shall be permitted to deposit into the 20[__]-[__] SUBI Collection Account only the net amount distributable to the Issuer, as holder of the 20[__]-[__] SUBI Certificate, on the related Deposit Date.

  • The Holder and Registered Pledgee of the 20[__]-[__] SUBI Certificate (including the Issuer and the Indenture Trustee), and their respective successors, permitted assigns and pledgees are third-party beneficiaries of the Servicing Agreement and this Servicing Supplement, insofar as they apply to the 20[__]-[__] SUBI.

  • The Issuer has caused the Vehicle Trustee to deliver the 20[__]-[__] SUBI Certificate to the Indenture Trustee, as Registered Pledgee, who shall have the rights with respect thereto described herein and in the Indenture.

  • Concurrently with the transfer of the 20[__]-[__] SUBI Certificate to the Issuer, the Owner Trustee shall cause to be executed, on behalf of the Issuer, Trust Certificates representing 100% of the Certificate Percentage Interest, authenticated and delivered to or upon the written order of the Transferor, in authorized denominations.

  • Following the occurrence and continuation of an Indenture Default, to the extent that the Owner Trustee or Issuer has rights as a Holder of the 20[__]-[__] SUBI Certificate, including rights to distributions and notice, or is entitled to consent to any actions taken by the Transferor, the Owner Trustee or Issuer may initiate such action or grant such consent only with consent of the Indenture Trustee at the direction of the Noteholders as provided in the following sentence.


More Definitions of 20[__]-[__] SUBI Certificate

20[__]-[__] SUBI Certificate has the meaning set forth in the 20[__]-[__] SUBI Supplement.
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Related to 20[__]-[__] SUBI Certificate

  • SUBI Certificate has the meaning set forth in Section 3.02(a) of the Titling Trust Agreement.

  • COFI Certificates As specified in the Preliminary Statement.

  • SUBI has the meaning set forth in the Recitals.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • REMIC I Certificates The Class R-I Certificates.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Residual Certificates As specified in the Preliminary Statement.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Transferor Certificate As defined in Section 5.02(b).

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Residual Certificate The Class R Certificate.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • The Certificates The Offered Certificates shall be issued as follows:

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.