Once issued, Gold Standard credits remain valid until the time when they are permanently retired in the Gold Standard Registry (GS VERs) or until the time they are used for compliance or retired in an authorised registry (GS CERs, GS ERUs).
Once issued, GS CERs, ERUs or VERs cannot be retroactively cancelled.
Semi-Annual Servicer’s Certificate is defined in Section 4.01(c)(ii) of the Servicing Agreement.
WREGIS Certificates has the same meaning as “Certificate” as defined by WREGIS in the WREGIS Operating Rules and are designated as eligible for complying with the California Renewables Portfolio Standard.
Eligible Investment Required Ratings A long-term debt rating of at least “A+” by S&P or a long-term debt rating of at least “A” by S&P and a short-term debt rating of at least “A-1” by S&P.
Portfolio Investments has the meaning set forth in the introductory section of this Agreement.
Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.