Class K Certificate definition
Examples of Class K Certificate in a sentence
None of the Depositor, the Trustee or the Certificate Registrar is obligated to register or qualify the Class K Certificates under the Securities Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of any Class K Certificate without registration or qualification.
The Trustee shall deliver to the Paying Agent, the Underwriter, the Placement Agent and to each Holder of a Class F, Class G, Class H, Class I, Class J and Class K Certificate a copy of the notice of such Servicing Transfer Event provided by the Servicer to the Special Servicer pursuant to this Section.
The Special Servicer and the Servicer shall deliver a copy of each such report prepared by the Special Servicer and the Servicer, respectively, to the other, the Trustee, the Paying Agent, each Rating Agency, the Underwriter, the Placement Agent and each Holder of a Class F, Class G, Class H, Class I, Class J and Class K Certificate, within 60 days of its preparation.
No transfer of any Class K Certificate shall be made unless that transfer is made pursuant to an effective registration statement under the Securities Act, and effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification.
A-11-1 Exhibit A-12 Form of Class K Certificate ..............................
Dated: ______________________ THE CHASE MANHATTAN BANK, not in its individual capacity but solely as Trustee By: ______________________________ Authorized Officer Certificate of Authentication ----------------------------- This is the Class K Certificate referred to in the Pooling and Servicing Agreement.
The Special Servicer and the Servicer shall deliver a copy of each such report prepared by the Special Servicer and the Servicer, respectively, to the other, each of the Rating Agencies and the Trustee, and the Trustee shall deliver such reports to the Paying Agent, the Underwriter, the Placement Agent and, upon request, each Holder of a Class F, Class G, Class H, Class I, Class J and Class K Certificate.
Any Class K Certificateholder desiring to effect such a transfer shall, and by the acceptance of its Class K Certificate agrees to, indemnify the Depositor, the Trustee and the Certificate Registrar against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.