Residual Class Certificates definition

Residual Class Certificates. A Class of securities issued pursuant to this Agreement representing an undivided interest in the distributions described in Section 9 hereof payable to such Class.
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Examples of Residual Class Certificates in a sentence

  • The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

  • The Certificates shall be issued in two Classes consisting of (a) the Amortizing Class Certificates (the "Amortizing Class Certificates") and (b) the Residual Class Certificates (the "Residual Class Certificates"), subject to Section 5.16 of the Base Trust Agreement.

  • Upon tender of such Certificates, duly endorsed by the Holder to the Trustee, the Trustee shall transfer to the Holder (or its designee specified in the Notice of Exchange) a principal amount of Term Assets comprising the same percentage of the Term Assets then held in the Trust as the percentage of Amortizing Class Certificates and Residual Class Certificates tendered by such Holder on such Scheduled Distribution Date, rounded down to the nearest authorized denomination of Term Assets.

  • In the event of an In-Kind Distribution pursuant to Section 3.6 of the Base Trust Agreement, the Trustee shall make such In-Kind Distribution to the Holders of the Amortizing Class Certificates and the Holders of the Residual Class Certificates, respectively, on the basis of the Distribution Ratio to the date on which the Payment Default or Acceleration of the Term Assets occurred.

  • Johnson, Nevil: Then and Now: the British Constitution, in: Pol.St. 2000, 118 (119).

  • In order to make the evaluation of the company’s results of opera- tions as transparent as possible, the Schaeffler Group reports EBIT before special items (=adjusted).

  • If no Amortizing Class Certificates are still outstanding, all payments will be made to the Holders of the Residual Class Certificates.

  • The Trust is also issuing certificates designated as "Receipts on Corporate Securities, Series NSC 1998-1, Residual Class Certificates" (hereinafter called the "Residual Class Certificates" and together with the Amortizing Class Certificates, the "Certificates") pursuant to the Trust Agreement.

  • Any Holder of both Amortizing Class Certificates and Residual Class Certificates may, by delivery of a notice to the Trustee substantially in the form of the Notice of Exchange attached to a Certificate (a "Notice of Exchange") not less than 30 and not more than 45 days prior to any Scheduled Distribution Date other than May 15, 2017, elect to exchange Certificates of both Classes for Term Assets on such Scheduled Distribution Date (the "Exchange Date") in accordance with this Section.

  • There is hereby created a Series of trust certificates to be issued pursuant to the Agreement and this Series Supplement to be known as the "Receipts on Corporate Securities, Series NSC 1998-1." The Certificates shall be issued in two Classes, consisting of the Amortizing Class Certificates and the Residual Class Certificates.

Related to Residual Class Certificates

  • Class ___ Certificate Any one of the Certificates executed and authenticated by the Trustee or the Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit ____ hereto.

  • Residual Certificates As specified in the Preliminary Statement.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class K Certificate means any of the Certificates with a "Class K" 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.

  • Class C Certificate Any one of the Certificates with a “Class C” 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.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class J Certificate means any one of the Certificates with a "Class J" 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.

  • 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.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • REMIC I Certificates The Class R-I Certificates.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".