A-4 Certificate definition

A-4 Certificate. Any Certificate designated as a "Class 2-A-4 Certificate" on the face thereof, in the form of Exhibit A-5 hereto, representing the right to distributions as set forth herein.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

A-4 Certificate means any one of the Class HE: A-4 Certificates executed and delivered by the Trustee and authenticated by the Certificate Registrar substantially in the form set forth in Exhibit D and evidencing an interest designated as a "regular interest" in the Trust for purposes of the REMIC Provisions. "Class HE: A-4 Distribution Amount" means, as to any Payment Date, that portion of the Class HE: A Distribution Amount to be distributed to the Class HE: A-4 Certificateholders pursuant to Section 8.04(d) on such Payment Date. "Class HE: A-4 Pass-Through Rate" means 7.30% per annum, computed on the basis of a 360-day year of twelve 30-day months. "Class HE: A-4 Principal Balance" means, as to any Payment Date, the Original Class HE: A-4 Principal Balance less all amounts previously distributed to Holders of Class HE: A-4 Certificates in respect of principal. "Class HE: A-5 Certificate" means any one of the Class HE: A-5 Certificates executed and delivered by the Trustee and authenticated by the Certificate Registrar substantially in the form set forth in Exhibit D and evidencing an interest designated as a "regular interest" in the Trust for purposes of the REMIC Provisions. 1-5

Examples of A-4 Certificate in a sentence

The Percentage Interest of each Class A-4 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-4 Certificate on the Startup Day by the aggregate Class A-4 Certificate Principal Balance on the Startup Day.
Each Owner of record of a Class A-4 Certificate will be entitled to receive such Owner's Percentage Interest in the amounts due on such Payment Date to the Owners of the Class A-4 Certificates.
Accordingly, the Certificate Principal Balance of this Class A-4 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein.
Distributions will be made in immediately available funds to Owners of Certificates having an aggregate original Class A-4 Certificate Principal Balance of at least $1,000,000 (by wire transfer or otherwise) to the account of an Owner at a domestic bank or other entity having appropriate facilities therefor, if such Owner has so notified the Trustee, or by check mailed to the address of the person entitled thereto as it appears on the Register.
The Percentage Interest of each Class A-4 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-4 Certificate on the Startup Day by the aggregate Certificate Principal Balance of the Class A-4 Certificates on the Startup Day.
Each Owner of record of a Class A-4 Certificate will be entitled to receive such Owner's Percentage Interest in the amounts due on such Distribution Date to the Owners of the Class A-4 Certificates.
This Class A-4 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.
This Class A-4 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class A-4 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Reference is hereby made to the further provisions of this Class A-4 Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
All provided materials must be returned to the ACE Program Director at the end of each term.

More Definitions of A-4 Certificate

A-4 Certificate. Any one of the Class HE: A-4 Certificates executed and delivered by the Trustee and authenticated by the Certificate Registrar substantially in the form set forth in Exhibit B.

A-4 Certificate. Any Certificate designated as a "Class III-A-4 Certificate" on the face thereof, in the form of Exhibit A-1 hereto, representing the right to its Percentage Interest of distributions provided for the Class III-A-4 Certificates as set forth herein and evidencing a Regular Interest in REMIC II.

A-4 Certificate. Any Class 2-A-4 Certificate with a $1,000 Certificate Balance.

A-4 Certificate. Any one of the Certificates executed by the Trust Administrator and authenticated by the Trust Administrator or the Authenticating Agent in substantially the form set forth in Exhibit 1-A-4 and Exhibit D hereto.