Positive Certification definition

Positive Certification means certification in writing to the Issuer by an Independent Financial Adviser that in its opinion the relevant Change of Status is not, or as the case may be, will not be materially prejudicial to the interests of the Noteholders;

Examples of Positive Certification in a sentence

  • Subsequent to the issuance of a Negative or Qualified Certification, all aforementioned MAA funds shall be retained by the District until such time as the District issues a Positive Certification on Either the First or Second Interim report.