Junior Certificates definition

Junior Certificates. As specified in the Preliminary Statement.
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Junior Certificates means the certificates issued by a Junior Trust holding a Junior Equipment Note, substantially in the form of Exhibit A to the applicable Junior Trust Agreement, and authenticated by the Junior Trustee, representing fractional undivided interests in such Junior Trust, and any certificates issued in exchange therefor or replacement thereof pursuant to the terms of the applicable Junior Trust Agreement.
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Examples of Junior Certificates in a sentence

  • As to any Distribution Date and amounts distributable pursuant to clauses (i) and (iii) of the definition of Junior Optimal Principal Amount, and as to each Class of Junior Certificates, the fraction, expressed as a percentage, the numerator of which is the Class Certificate Principal Balance of such Class and the denominator of which is the aggregate Class Certificate Principal Balance of the Junior Certificates.

  • The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Purchase and Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

  • Each Class of Junior Certificates that received a full pro rata share as described above will be allocated any remaining amount in respect of clauses (ii) and (iii) of the definition of Junior Optimal Principal Amount, pro rata (based on the Certificate Principal Balances of only those Junior Certificates that received a full pro rata share).

  • The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Sale and Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

  • As to any Distribution Date and amounts distributable pursuant to clauses (i) and (iii) of the definition of Junior Principal Distribution Amount, and as to each Class of Junior Certificates, the fraction, expressed as a percentage, the numerator of which is the Class Certificate Principal Balance of such Class immediately prior to such Distribution Date and the denominator of which is the aggregate Class Certificate Principal Balance of the Junior Certificates immediately prior to such Distribution Date.

  • The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

  • The Servicer shall provide to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

  • As to any Distribution Date and amounts distributable pursuant to clauses (i) and (iii) of the Junior Optimal Principal Amount, and as to each Class of Junior Certificates, the fraction, expressed as a percentage, the numerator of which is the Class Certificate Principal Balance of such Class and the denominator of which is the aggregate Class Certificate Principal Balances of the Junior Certificates.

  • The Junior Certificates shall be prepared in substantially the form and tenor set forth in Exhibit B attached hereto.

  • If a Junior Stockholder delivers his, her or its Junior Certificate(s), a properly completed Transmittal Letter and payment instructions (including wire transfer instructions if applicable) to the Stockholder Representative at least three (3) Business Days prior to the Closing Date, the Applicable Per Share Amount, less the aforesaid reductions, will be paid to such Junior Stockholder promptly following the Effective Time and in no event later than the second Business Day following the Effective Time.