Certificate Representative definition
Examples of Certificate Representative in a sentence
The proceeds from such sale shall be immediately paid to the Certificate Representative.
The Certificate Representative may from time to time notify the Transferor and the Servicer of the existence of a prefunding target amount and of the amount of the Transferor Interest that is to be the Segregated Transferor Interest in an amount equal to the prefunded amounts on deposit in the Principal Funding Accounts (as defined in the Indenture and any supplement thereto) for any series of Notes.
On each Transfer Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to the Certificate Representative the aggregate amount payable to the Series 2001-D Certificateholders pursuant to Section 4.06 to the account of the Certificate Representative, as specified in writing by the Certificate Representative, in immediately available funds.
The Certificate Representative may from time to time notify the Servicer of the existence of a prefunding target amount and of the amount of the Seller Interest that is to be the Segregated Seller Interest in an amount equal to the prefunded amounts on deposit in the Principal Funding Accounts (as defined in the Indenture and any supplement thereto) for any series of Notes.
Upon written notification by the Series 2000 Certificate Representative to the Trustee, pursuant to Section 1112 of the Indenture, that a portion of the Series 2000 Invested Amount (corresponding to the Nominal Liquidation Amount of a series, class or tranche of Notes issued pursuant to the Indenture) is to be considered an Excluded Series, then the Trustee shall designate such portion of the Series 2000 Invested Amount as Excluded Series of the Master Trust.
The proceeds from such sale shall be immediately paid to the Series 2000 Certificate Representative.
If a letter of credit is initially furnished as Loan-Specific Threshold Event Collateral and the issuer of such letter of credit at any time no longer satisfies the unsecured debt rating requirements set forth above, the applicable Loan-Specific Certificate Representative shall be required within thirty (30) days of such event to replace such original letter of credit with a replacement letter of credit from an issuer meeting the above rating requirements.
In the event that the related Loan-Specific Certificate Representative does not respond in writing within ten (10) Business Days after receipt of such recommendation and analysis and all such information reasonably requested by the related Loan-Specific Certificate Representative, the related Loan-Specific Certificate Representative’s consent to such Loan-Specific Major Decision shall be deemed granted.
Any Loan-Specific Threshold Event Collateral shall be treated as an “outside reserve fund” for purposes of the REMIC Provisions and such property (and the right to reimbursement of any amounts with respect thereto from a Trust REMIC) shall be beneficially owned by the posting Loan-Specific Certificate Representative who shall be taxed on all income or gain with respect thereto.
For so long as no Loan-Specific Control Appraisal Period exists with respect to a Componentized Mortgage Loan, the applicable Loan-Specific Certificate Representative shall have control, consent, disapproval and consultation rights with respect to such Componentized Mortgage Loan in accordance with the terms of this Agreement, including, without limitation, Section 3.35(c).