Residual Interest Certificate definition

Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

Residual Interest Certificate means the certificate issued under the Trust Agreement, which represents the economic residual interest of the Trust formed thereunder.

Residual Interest Certificate means a certificate substantially in the form attached as Exhibit A hereto and evidencing the Residual Interest.

Examples of Residual Interest Certificate in a sentence

• The Owner Trustee, on behalf of the Issuer and not in its individual capacity, has executed this Residual Interest Certificate by one of its duly authorized signatories as set forth below.

• Any duplicate Residual Interest Certificate issued pursuant to this Section shall constitute conclusive evidence of ownership in the Trust, as if originally issued, whether or not the lost, stolen or destroyed Residual Interest Certificate shall be found at any time.

• In connection with the issuance of any new Residual Interest Certificate under this Section, the Owner Trustee or the Certificate Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith.

• In addition, each Residual Interest Certificate presented or surrendered for registration of transfer and exchange must be accompanied by a letter from the Prospective Owner certifying as to the representations set forth in Sections 3.10(a) and (b).

• By accepting and holding a Residual Interest Certificate, the Owner thereof shall be deemed to have represented and warranted that it is not a Benefit Plan Investor.

More Definitions of Residual Interest Certificate

Residual Interest Certificate. The meaning assigned thereto in the Owner Trust Agreement.

Residual Interest Certificate has the meaning assigned to such term in Section 1.1 of the Owner Trust Agreement.

Residual Interest Certificate. Any residual interest certificate evidencing the ownership interest in the Trust, substantially in the form attached as part of Exhibit A of the Trust Agreement.

Residual Interest Certificate. The meaning assigned thereto in the Trust Agreement.

Residual Interest Certificate shall have the meaning specified in the Owner Trust Agreement.

Residual Interest Certificate means, (a) any “Residual Interest Certificate” (as such term is defined in each applicable Trust Agreement) and/or (b) any certificates or other instruments now or hereafter representing any Residual Interests, in each case issued by or with respect to any Trust.

Residual Interest Certificate. The residual interest certificate issued pursuant to the Trust Agreement which, for purposes of calculating distributions of interest and principal and of allocating Allocable Loss Amounts, will be composed of the two payment Components having the designations and, with respect to the B-2 Component, the Interest Rate and Original Component Principal Balance as set forth under "Component" herein.