Outstanding Certificate. Any Outstanding Exchangeable Certificate and Outstanding Exchangeable REMIC Certificate.

Examples of Outstanding Certificate in a sentence

As to any Certificate that is not an Outstanding Certificate at the time of determination, zero.
Holder: As to any Outstanding Certificate, the record owner on the books of the Fiscal Agent.
In order to effect any prepayment set forth in Section 6.02(a) hereof, the Indenture Trustee shall give prompt notice by first class mail of prepayment to each Holder of an Outstanding Certificate.
Solely for the purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the "latest possible maturity date" by which the Outstanding Certificate Principal Balance of each Class of Certificates representing a regular interest in the REMIC would be reduced to zero is the Distribution Date immediately following the latest scheduled maturity of any Mortgage Loan.
A vast majority of Parliaments/Chambers comment on the ex ante debate in COSAC.

More Definitions of Outstanding Certificate

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. Paying Agent and Registrar: US Bank, until a successor Person shall be appointed by Xxxxxx Xxx. Person: Any legal person, including any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

Outstanding Certificate. As of any Distribution Date and any Certificate, a Certificate that is designated by the Fiscal Agent as outstanding on the Record Date related to such Distribution Date; provided, however, that for any purpose other than determining distributions on a Distribution Date, an “Outstanding Certificate” on any date of determination will be a Certificate designated by the Fiscal Agent as outstanding on such date of determination.

Outstanding Certificate. Principal Balance of the Class 1-A Certificates has been reduced to zero; and second to the Class 2-A Certificates on a pro rata basis until the Outstanding Certificate Principal Balance of the Class 2-A Certificates has been reduced to zero or (Y) if the Realized Loss has occurred with respect to a Group Two Mortgage Loan, first to the Class 2-A Certificates on a pro rata basis until the Outstanding Certificate Principal Balance of the Class 2-A Certificates has been reduced to zero, and second to the Class 1-A Certificates on a pro rata basis until the Outstanding Certificate Principal Balance of the Class 1-A Certificates has been reduced to zero; provided, however, that if a Realized Loss occurs with respect to a Discount Mortgage Loan (a) the amount of such Realized Loss equal to the product of (i) the amount of such Realized Loss and (ii) the PO Percentage with respect to such Discount Mortgage Loan will be allocated to Class A-P Component One (if the Realized Loss occurred with respect to a Group One Mortgage Loan), or to Class A-P Component Two (if the Realized Loss occurred with respect to the Group Two Mortgage Loan) and (b) the remainder of such Realized Loss will be allocated as described above; provided however, that any portion of any Realized Loss, other than an Excess Loss, that would otherwise be allocated to the Class 1-A4 or Class 2-A2 Certificates, respectively, in accordance with this paragraph will instead be allocated to the Class 1-A3 or Class 2-A3 Certificates, respectively, until the Outstanding Certificate Principal Balance of the Class 1-A3 or Class 2-A3 Certificates, respectively, has been reduced to zero. The principal portion of any Excess Losses shall be allocated without priority among (i) all Classes of Subordinated Certificates and (ii) the Class A Certificates, pro rata based upon their respective Outstanding Certificate Principal Balances (or, in the case of the Class 1-A7 Certificates, the lesser of their Original Certificate Principal Balance or their Outstanding Certificate Principal Balance); provided , however, that the Class A Certificates related to the Mortgage Group in which the Excess Loss occurs will be allocated the portion of such Excess Losses that would otherwise be allocated to the Class A Certificates not related to such Mortgage Group; and provided, further, however, that the applicable PO Percentage of any Excess Losses on the Discount Mortgage Loans shall be allocated to Class A-P Component One (if t...

Outstanding Certificate. With respect to any Grantor Trust Certificate, the Certificate which is currently outstanding pursuant to Section 3.11 hereof; provided, however, that upon any Exchange pursuant to Section 3.11 hereof, the Initial Exchangeable Certificate or Exchangeable Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate, and each new Exchangeable Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. On the Closing Date, the Initial Exchangeable Certificates and the Non-Exchangeable Certificates will be the only Grantor Trust Certificates that are Outstanding Certificates. Overcollateralized Group: On any Distribution Date, if there is an Undercollateralized Group, the Certificate Group which is not an Undercollateralized Group. Pacific Union Financial Agreement: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Pacific Union Financial, LLC, Five Oaks and the Trustee. Paramount Residential Mortgage Group Agreement Number One: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Paramount Residential Mortgage Group, Inc., Five Oaks and the Trustee, relating to the Mortgage Loans purchased by Five Oaks from Bank of America. Paramount Residential Mortgage Group Agreement Number Two: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Paramount Residential Mortgage Group, Inc., Five Oaks and the Trustee, relating to the Mortgage Loans purchased by Five Oaks from Paramount Residential Mortgage Group, Inc.

Outstanding Certificate. Principal Balance of the Non-PO Class A Certificates has been reduced to zero; provided, however, that if a Realized Loss occurs with respect to a Discount Mortgage Loan (A) the amount of such Realized Loss equal to the product of (i) the amount of such Realized Loss and (ii) the PO Percentage with respect to such Discount Mortgage Loan will be allocated to Class A-P Certificates and (B) the remainder of such Realized Loss will be allocated as described above. The principal portion of any Excess Losses shall be allocated among all Classes of Certificates on a pro rata basis; provided, however, that the applicable PO Percentage of any Excess Losses on the Discount Mortgage Loans shall be allocated to Class A-P Certificates.

Outstanding Certificate definition

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