Class P Certificateholder definition

Class P Certificateholder means Green Tree Finance Corp.--Two.
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Class P Certificateholder. The Trustee shall treat amounts transferred by the Upper Tier REMIC to the Excess Reserve Fund Account as distributions to the Class X Certificateholder or, to the extent of the Pledged Prepayment Penalty Amount, the Class P Certificateholder for all Federal tax purposes.
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Class P Certificateholder. A Holder of a Class P Certificate.
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Examples of Class P Certificateholder in a sentence

  • Class P Prepayment Charges shall be distributed to the Class P Certificateholder pursuant to Section 4.02(g).

  • Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the Class P Certificates.

  • Class P Prepayment Charges shall be distributed to the Class P Certificateholder pursuant to Section 4.02(f).

  • The Class P Certificate shall be an Uncertificated interest, the owner of which will be the Class P Certificateholder.

  • Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the related Class P Certificates.

  • In the event of a Principal Prepayment in Full with respect to any Mortgage Loan, the Servicer shall deliver to the Trustee an Officer’s Certificate substantially in the form of Exhibit M no later than the third Business Day following the immediately succeeding Determination Date with a copy to the Class P Certificateholder.

  • After distribution of the Amount Available under Sections 8.07(d) and (e), and provided the Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder (pro rata in respect of the Class P(F) and Class P(V) Interests) until the Class P Principal Balance is reduced to zero.

  • On each Payment Date, the Trustee will pay to the Class P Certificateholder all Prepayment Charges included in the Certificate Account for such Payment Date.

  • The Master Servicer shall deliver to each Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O and Class P Certificateholder that shall have requested a copy of any such notice a copy of the notice of such Servicing Transfer Event provided by the Master Servicer to the Special Servicer pursuant to this Section.

  • In the event of a Principal Prepayment in full with respect to any Mortgage Loan, the Servicer shall deliver to the Trustee an Officer's Certificate substantially in the form of Exhibit N no later than the delivery of the Remittance Report following the immediately succeeding Determination Date and the Trustee shall deliver a copy of such Officer's Certificates to the Class P Certificateholder.

Related to Class P Certificateholder

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

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

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

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

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

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

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

  • 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.

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

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

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

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

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

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

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

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • 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.

  • 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.

  • Residual Certificates As specified in the Preliminary Statement.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.