Required Certificate Purchasers definition

Required Certificate Purchasers means, as of the date of the determination, ------------------------------- Certificate Purchasers having unpaid Certificate Purchaser Amounts equal to more than 50% of the aggregate unpaid Certificate Purchaser Amounts.
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Required Certificate Purchasers means, as of the date of the determination, Certificate Purchasers having unpaid Certificate Amounts equal to at least a majority of the aggregate unpaid Certificate Amounts.
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Required Certificate Purchasers nor shall a Purchasing Party, to the extent its interest is acquired pursuant to this Section 9.4, be considered a Certificate Purchaser for purposes of any voting provisions of the Transaction Documents. In addition, a Purchasing Party, to the extent it receives its interest in the Certificates pursuant to this Section 9.4(a), shall not be considered a "Certificate Purchaser" for the purposes of receiving distributions under the Depository Agreement but shall instead receive payments thereunder in respect of the Purchased Interest only as a "Purchasing Party" thereunder. As a point of clarification only, except to the extent provided above, the outstanding Certificate Purchaser Amounts relating to the Certificates purchased by the Purchasing Party shall continue to be deemed "Certificate Purchaser Amounts" and shall be included as a part of the Certificate Purchaser Balance and, as such, shall be included in the calculation of any Purchase Option Price, Termination Value, Residual Guaranty Amount, or other amount having the Certificate Purchaser Balance as a component thereof. The foregoing restrictions and limitations with respect to voting rights and the receipt of distributions under the Depository Agreement are applicable only in so far as the Purchasing Party (or any of its Affiliates) remains the holder of such Purchased Interest. Any transferee of a Purchasing Party (other than a transferee which is, or is an Affiliate of, Conoco, R&B Falcon or Deepwater) of its Purchased Interest shall become a "Certificate Purchaser" for all purposes under the Transaction Documents, shall not be deemed to be a "Purchasing Party" and shall not be subject to any such restrictions or limitations not otherwise applicable to a Certificate Purchase. Transferees which are Affiliates of Conoco, R&B Falcon or Deepwater following the transfer of all or any portion of a Purchased Interest shall be deemed to be Purchasing Parties to the extent of the interest transferred. If either Conoco or R&B Falcon is required to purchase all of the then outstanding Conoco Certificates or R&B Falcon Certificates, respectively, held by the Certificate Purchasers (excluding any Purchasing Party) then the following events shall automatically be deemed to have occurred immediately after such purchases:
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Examples of Required Certificate Purchasers in a sentence

  • Neither the Investment Trust nor the Charter Trustee shall be required to invest such funds in interest-bearing accounts, but the Charter Trustee shall, upon the direction of Deepwater (or, if an Event of Default exists, the Required Certificate Purchasers), invest such funds in Permitted Investments to the extent it is able to do so.

  • Thereafter, the obligation of the Certificate Purchasers to make or maintain Base Rate Advances hereunder shall be suspended until the Charter Trustee, upon the instruction of the Required Certificate Purchasers, revokes such notice in writing.

  • If no successor agent has accepted appointment by the date which is forty-five (45) days following the notice of resignation, the resignation shall thereupon become effective and the Certificate Purchasers shall perform all of the duties of such Agent hereunder and under the other Transaction Documents until such time, if any, as the Required Certificate Purchasers appoint a successor Agent as provided for above.

  • If the Charter Trustee or the Required Certificate Purchasers determine that for any reason adequate and reasonable means do not exist for determining the Base Rate for any requested Return Period with respect to a proposed Base Rate Advance by reason of any changes arising after the date of this Agreement affecting the interbank Eurodollar market, the Charter Trustee will promptly so notify Deepwater and each Certificate Purchaser.

  • If any of the Administrative Agent, the Documentation Agent or the Syndication Agent resigns herewith, the Required Certificate Purchasers shall appoint from among the Certificate Purchasers a successor Agent which successor Agent shall be approved by Deepwater (which approval shall not be unreasonably withheld or delayed).

  • According to Information Resources, Ward Petroleum was interested in purchasing a software package until it discovered the federal tax liens.

  • In the event Lessee is required to pay any shortfall pursuant to the preceding sentence, Trustee shall, at Xxxxxx's expense, engage an appraiser of nationally recognized standing reasonably acceptable to the Required Certificate Purchasers to determine (by appraisal methods acceptable to the Required Certificate Purchasers in their sole discretion) the Appraised Value of the Equipment as of the last day of the Lease Term.

  • The power of attorney granted in the preceding sentence shall be immediately revoked at any time when any of the events specified in clauses (i), (ii) or (iii) of the preceding sentence have occurred and shall be immediately reinstated when any such Default, Event of Default or Material Default has been cured or waived by the Required Certificate Purchasers.

  • Trustee and Administrative Agent shall have received (and each Certificate Purchaser shall have received a copy of) a current certificate to the effect that insurance complying with SECTION 6.2 of this Lease (and, in connection with the initial Delivery Date, reasonably acceptable to the Required Certificate Purchasers) is in full force and effect.

  • No variation, modification, amendment or waiver of this Lease or any other Operative Document shall be valid unless in writing and signed by the parties thereto and, in the case of Trustee, with the consent of the Required Certificate Purchasers and by Xxxxxx.


More Definitions of Required Certificate Purchasers

Required Certificate Purchasers means, as of any date of determination, Certificate Purchasers having unpaid Certificate Amounts equal to at least sixty-six and two-thirds percent (66-2/3%) of the aggregate unpaid Certificate Amounts.
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Required Certificate Purchasers means, as of the date of the determination, holders of Certificates representing at least 51% of the then outstanding Lease Balance.
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Required Certificate Purchasers means, as of the date of determination, Certificate Purchasers that hold, in the aggregate, Certificates representing more than 2/3 of the sum of the Certificate Purchaser Amounts of all Certificate Purchasers, or, if no such amounts are outstanding, Certificate Purchasers having, in the aggregate, obligations to make amounts available which total more than 2/3 of the total of such obligations for all such Certificate Purchasers. For purposes of this definition, no Purchasing Party shall be considered a "Certificate Purchaser" and no interest of any Purchasing Party shall be considered to be "Certificate Purchaser Amounts."
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Required Certificate Purchasers means, as of the date of the determination, holders of Certificates representing more than 66 2/3% of the then outstanding Lease Balance.
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Related to Required Certificate Purchasers

  • Certificate Purchase Agreement The Purchase Agreement, dated as of [_______], among the Depositor and the Initial Purchasers, relating to the Privately Offered Certificates.

  • Offered Certificate Any one of the Class A Certificates and the Mezzanine Certificates, issued under this Agreement.

  • Offered Certificates As specified in the Preliminary Statement.

  • Related Certificate Group As to any Combinable Class or RCR Class, a Certificate Group that includes such Class.

  • Certificate No 2-A-10-[__] Cut-off Date: October 1, 2002 First Distribution Date: November 25, 2002 Last Scheduled Distribution Date: December 25, 2032 Pass-Through Rate: 6.000% Initial Certificate Principal Balance of this Certificate $[______] ("Denomination"): Initial Certificate Principal Balances of all Certificates $20,000,000 of this Class: CUSIP: 55265K MP 1 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ASSET SECURITIZATION TRUST 2002-7 Mortgage Pass-Through Certificates, Series 2002-7 Class 2-A-10 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of three pools of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that _______________ is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Warburg Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank Minnesota, N.A., as master servicer (the "Servicer"), xxx Xachovia Bank, National Association, as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2 pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

  • Insured Certificates The Class A-1 Certificates.

  • Certificate Insurer As defined in the Series Supplement.

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Related Certificates For each interest in the Upper Tier REMIC, the Class of Certificates listed on the same row in the table entitled "Upper Tier REMIC" in the Preliminary Statement.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Private Certificates As specified in the Preliminary Statement.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Certificate Custodian Initially, Wachovia Bank, National Association; thereafter any other Certificate Custodian acceptable to The Depository Trust Company and selected by the Trustee.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Depositor and the Depositary, as the initial Clearing Agency, dated as of the Closing Date, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Initial Certificate Balance means $[ ].

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • COFI Certificates As specified in the Preliminary Statement.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.