Remaining Certificateholder definition

Remaining Certificateholder. Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.
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Remaining Certificateholder means any Holder (or Holders if they act in unanimity) holding 100% of the then outstanding Class K, Class L, Class M, Class N, Class O, Class P, Class Q and Class X Certificates or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A Senior, Class A-J, Class B, Class C, Class D, Class E, Class F, Class G, Class H and Class J Certificates have been reduced to zero.
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Remaining Certificateholder. Any Holder (or Holders if they act in unanimity) holding 100% of the then outstanding Class J, Class K, Class L, Class M, Class N, Class O, Class P and
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Examples of Remaining Certificateholder in a sentence

  • The remaining Mortgage Loans and REO Properties (or the Trust’s interests therein) are deemed distributed to the Remaining Certificateholder in liquidation of the Trust Fund pursuant to this Section 9.01.

  • The remaining Mortgage Loans and REO Properties are deemed distributed to the Remaining Certificateholder in liquidation of the Trust Fund pursuant to this Section 9.01.

  • For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for an amount equal to the remaining Certificate Balance of its remaining Certificates (other than the Class S and Class R Certificates), plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests and such Certificates.

  • For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for an amount equal to the remaining Certificate Principal Amount of its remaining Certificates (other than the Class S and Class R Certificates), plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests and such Certificates.

  • For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for an amount equal to the remaining Certificate Principal Amount of its remaining Certificates (other than the Class R Certificates), plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests and such Certificates.

  • For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for an amount equal to the remaining Certificate Balance of its remaining Certificates (other than the Class R Certificates), plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests and such Certificates.

  • The remaining Mortgage Loans and REO Properties are deemed distributed to the Remaining Certificateholder in liquidation of the Trust Fund pursuant to Section 9.02.

  • For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of REMIC I for an amount equal to the remaining Certificate Balance of its remaining Certificates (other than the Residual Certificates), plus accrued and unpaid interest with respect thereto, and the Trustee shall credit such amounts against amounts distributed in respect of such Certificates.

  • The Centre Trust Subordinate Companion Loan and any other assets of the Centre REMIC are deemed distributed to the Centre Remaining Certificateholder in liquidation of the Centre REMIC pursuant to this Section 9.01.

  • For federal income tax purposes, the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Remaining Certificateholder shall be deemed to have purchased the assets of the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ REMIC for an amount equal to the remaining Certificate Balance of its remaining Loan-Specific Certificates, plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against amounts distributed in respect of the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Regular Interests and such Loan-Specific Certificates.


More Definitions of Remaining Certificateholder

Remaining Certificateholder. As defined in Section 6.03(a).
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Related to Remaining Certificateholder

  • Certifying Certificateholder As defined in Section 5.07(a) of this Agreement.

  • Directing Certificateholder means the “Directing Certificateholder”, if any, as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.