Class B-1 Certificateholder definition

Class B-1 Certificateholder. The registered holder of a Class B-1 Certificate.
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Examples of Class B-1 Certificateholder in a sentence

  • Each Class B-1 Certificateholder (and the related Security Owner), by its acquisition of an interest in a Class B-1 Certificate, hereby agrees that, for federal, state, and local income and other tax purposes, to treat the Class B-1 Certificates in part as a limited recourse guarantee contract and in part as an interest-bearing collateral arrangement.

  • The Class B-1 Certificateholders and the Class B-2 Certificateholder are deemed to have granted a security interest in such rights to the Class A Certificateholders to secure the rights of the Class A Certificateholders to receive distributions in priority over the Class B-1 Certificateholder and the Class B- 2 Certificateholder.

  • Each Class B-1 Certificateholder agrees that it will cause any Class B-1 Certificate Owner acquiring an interest in a Class B-1 Certificate through it to comply with the Pooling and Servicing Agreement as to treatment as indebtedness for certain tax purposes.

  • This Class B-1 Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Class B-1 Certificateholder by virtue of the acceptance hereof assents and by which the Class B-1 Certificateholder is bound.

  • As provided in the Agreement and subject to certain limitations therein set forth, Class B-1 Certificates are exchangeable for new Class B-1 Certificates of authorized denominations evidencing the same aggregate Class B-1 Percentage Interest, as requested by the Class B-1 Certificateholder surrendering the same.

  • As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, Class B-1 Certificates are exchangeable for new Class B-1 Certificates evidencing like aggregate Undivided Interests, as requested by the Class B-1 Certificateholder surrendering such Class B-1 Certificates.

  • Localism in the Era of Globalization and New Technologies: Implications for the 21st Century, Retrieved on 12/06/07 from the world wide web:http://www.tbsjournal.com/Archives/Spring99/Articles/aycock/aycock.html68 Ibid.69 Flew, T and McElhinney, S.

  • This Class B-1 Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Class B-1 Certificateholder, by virtue of the acceptance hereof, assents and by which the Class B-1 Certificateholder is bound.

Related to Class B-1 Certificateholder

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

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

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

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

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

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

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

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

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Class D Certificateholder means the Person in whose name a Class D Certificate is registered in the Certificate Register.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Class B-1 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 B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Class B-5 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 B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Remaining Certificateholder Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.

  • Certificateholder means the Person in whose name the Certificate is registered.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class B-6 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 B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class B-2 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 B-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class B-4 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 B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.