Class RS Certificate definition

Class RS Certificate. Any of those Certificates representing the right to receive excess amounts in the Supplemental Interest Payment Account, and designated as the "Class RS Certificate" on the face thereof, in the form of Exhibit C hereto.
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Class RS Certificate. Any of those Certificates designated as a "Class RS Certificate" on the face thereof, representing the rights described therein, in the form of Exhibit B-3 hereto.
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Class RS Certificate means the certificate representing the Class RS interest.
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Examples of Class RS Certificate in a sentence

  • Each holder of a Class RS Certificate, by his acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this Section 5.8(b).

  • Any Class RS Certificate transferred shall (x) certify that it is not any of the above and (y) deliver an opinion of counsel to that effect.

  • The transfer, sale or other disposition of a Class RS Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) to a Disqualified Organization shall be deemed to be of no legal force or effect whatsoever and such transferee shall not be deemed to be an Owner for any purpose hereunder, including, but not limited to, the receipt of distributions on such Class RS Certificates.

  • The Owner of a Class RS Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Sponsor 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.

  • No Class RS Certificate shall be acquired by or transferred to (i) an employee benefit plan (as defined in section 3(3) of the Employee Retirement Security Act of 1974, as amended ("ERISA")) subject to the provisions of Title I of ERISA, (ii) a plan described in section 4975(e)(1) of the Internal Revenue Code of 1986, or (iii) an entity whose underlying assets are deemed to be assets of a plan described in (i) or (ii) above by reason of such plan's investment in the entity.

  • No Class BI-S, Class BII-S or Class RS Certificate shall be acquired by or transferred to (i) an employee benefit plan (as defined in section 3(3) of the Employee Retirement Security Act of 1974, as amended ("ERISA")) subject to the provisions of Title I of ERISA, (ii) a plan described in section 4975(e)(1) of the Internal Revenue Code of 1986, or (iii) an entity whose underlying assets are deemed to be assets of a plan described in (i) or (ii) above by reason of such plan's investment in the entity.

  • The Owner of a Class BI-S, Class BII-S Certificate or Class RS Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Certificate Insurer and the Sponsor 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 transfer, sale or other disposition of a Class RS Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) to a Disqualified Organization shall be deemed to be of no legal force or effect whatsoever and such transferee shall not be deemed to be an Owner for any purpose hereunder, including, but not limited to, the receipt of distributions on such Residual Certificate.

  • Any purchaser of a Class BI-S, Class BII-S or Class RS Certificate shall (x) certify that it is not any of the above and (y) deliver an Opinion of Counsel to that effect.

  • Each Originator and Owner of a Class RS Certificate shall each continuously keep an original executed counterpart of this Agreement in its official records.