Class O Certificate definition

Class O Certificate. Any of the Certificates with a "Class O" designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

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Class O Certificate. Any one of the Class O Certificates executed, authenticated and delivered pursuant to Section 5.01, substantially in the form annexed hereto as Exhibit A-9, representing the right to distributions as set forth herein and therein and evidencing a regular interest in the Master REMIC.

Class O Certificate. Any one of the Certificates executed and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-22 hereto.

Examples of Class O Certificate in a sentence

• Any allocation of Realized Losses to a Class O Certificate or to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.

• The Holder of a Class I Certificate, Class O Certificate, Class X Certificate or Residual Certificate desiring to effect such transfer shall, and the Trustee and the Company 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.

• The Certificates consist of the following Classes: the Class A-1 and Class A-2 Certificates (the "Senior Certificates"), the Class M-1, Class M-2, Class B, and Class X Certificates (the "Subordinate Certificates"), and the Class O Certificate (the "Ownership Certificate").

• No transfer of a Class I Certificate, Class O Certificate, Class P Certificate, Class X Certificate or Residual Certificate or any interest therein shall be made to any Plan or to any Person acting, directly or indirectly, on behalf of any such Plan or acquiring such Certificates with “plan assets” of a Plan within the meaning of the Department of Labor regulation promulgated at 29 C.F.R. § 2510.3-101 or otherwise (“Plan Assets”).

• Each owner of record of a Class O Certificate will be entitled to certain distributions, as described under Article IV of the Pooling and Servicing Agreement.

• The Holder of a Class B Certificate, Class I Certificate, Class O Certificate or Residual Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Certificate Administrator, the Trustee and the Company 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.

• The Holder of a Class O Certificate or Residual Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Certificate Administrator, the Trustee and the Company 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.

• Any allocation of Realized Losses to a Class O Certificate, a Class B Certificate, or the Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.

• Any allocation of Realized Losses to a Class O Certificate, Class B Certificate or to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.

• The Trustee shall not take any actions (or fail to take any action, whether or not authorized hereunder) as to which the Holder of the Class O Certificate or the Master Servicer has advised it in writing that either the Holder of the Class O Certificate or the Master Servicer has received or obtain an Opinion of Counsel to the effect that an Adverse FASIT Event would occur with respect to such action or inaction.

More Definitions of Class O Certificate

Class O Certificate means any of the Certificates that collectively constitute the Class bearing the alphabetic class designation "O".

Class O Certificate means any of the Certificates with a "Class O" designation on the face thereof, substantially in the form of Exhibit A-6 attached hereto, and evidencing a portion of a class of "regular interests" in the Upper-Tier REMIC for purposes of the REMIC Provisions.

Class O Certificate. The Class O Certificate executed by the Trustee, and authenticated by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-3 and evidencing the sole class of Ownership Interest in the FASIT.

Class O Certificate. A Certificate designated as "Class O" on the face thereof, in the form of Exhibit A-3 hereto.

Class O Certificate representing the right to distributions as set forth herein and therein and evidencing a regular interest in the Master REMIC.

Class O Certificate. Any Class O Certificate executed by the Trust and authenticated by the Certificate Registrar, substantially in the form set forth in Exhibit E. Class O Certificateholder or Holder: Any owner of the Class O Certificates, as shown on the Certificate Register. Code: The Internal Revenue Code of 1986, as amended from time to time, and Treasury Regulations promulgated thereunder.