Account Certificate definition

Account Certificate means a certificate under section 11B;’.
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Account Certificate means the certificate issued by Caja de Valores evidencing title to the Shares Purchased by PEISA.
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Examples of Account Certificate in a sentence

  • Collection of Mortgage Loan Payments; Collection Account; Certificate Account...........................

  • The provisions of Section 4.01(e) and of Article V (as to payment, authentication, execution, registration, denomination, transfer, exchange and otherwise) that are applicable to the Class C Certificates and the Class P Certificates, shall be applicable also to the Dividend Account Certificate.

  • The interests evidenced by the Certificates, together with the Dividend Account Certificate, constitute the entire beneficial ownership interest in the Trust Fund.

  • Concurrently with the establishment of the Trust pursuant to this Agreement and in exchange for the Dividend Account, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Dividend Account Certificate.

  • The Trustee shall not be accountable for the use or application by the Depositor or the Subservicer of any funds paid to the Depositor or the Subservicer in respect of the Mortgage Loans or deposited in or withdrawn from the Collection Account, Certificate Account or Distribution Account by the Depositor or the Subservicer.

  • The Dividend Account will be part of the Trust but not part of any REMIC and any payments to the holder of the Dividend Account Certificate of any amounts therefrom will not be payments with respect to a "regular interest" in a REMIC within the meaning of Code Section 860(G)(a)(1).

  • Collection of Mortgage Loan Payments; Collection Account; Certificate Account.........................

  • This Dividend Account 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.

  • Reference is hereby made to the further provisions of this Dividend Account 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.

  • This Dividend Account Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Dividend Account Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.