Retained Certificates. The Certificates initially retained by the Depositor pursuant to the Trust Agreement.
Retained Certificates. The Class C Certificates, the Class P Certificates and the Class R Certificates.
Retained Certificates. The Class I Certificates, Class O Certificates, the Class P Certificates, the Class R Certificates and the Class X Certificates.
Examples of Retained Certificates in a sentence
An opinion rendered by counsel satisfactory to the Depositor that (i) upon the initial transfer by the Depositor of an interest in the Retained Certificates and (ii) while any Restricted Note is outstanding, (x) such Note will be characterized as indebtedness for United States federal income tax purposes and (y) such transfer of the Retained Certificate by the Depositor will not cause the Issuing Entity to fail to qualify as a grantor trust for United States federal income tax purposes.
More Definitions of Retained Certificates
Retained Certificates. Collectively, the Class C, Class R-I, Class R-II and Class R Certificates.
Retained Certificates. The Certificates retained by the Seller pursuant to the Trust Agreement, with an initial Certificate Balance of $646,572.92.
Retained Certificates. The Certificates initially retained by a Person who holds 80% or more of the Certificates or a Person treated as the same Person as such Person for U.S. federal income tax purposes.
Retained Certificates. Not applicable.
Retained Certificates. The Certificates initially retained by the Depositor pursuant to the Trust Agreement, while so held by the Depositor. S&P: S&P Global Ratings. Schedule of Receivables: The schedule of Receivables attached to each First Step Receivables Assignment delivered on the Closing Date and originally held as part of the Trust, and on file at the locations listed on Exhibit A of the Trust Sale Agreement, as it may be amended from time to time.
Retained Certificates. None. Rules and Regulations: The rules and regulations of the Commission promulgated under the Act. Sellers: [Countrywide] and [one or more special purpose entities established by [Countrywide Financial Corporation] or one of its subsidiaries]. Seller Mortgage Loan Information: Information relating to the Mortgage Loans furnished by or on behalf of any Seller to any Broker-Dealer.
Retained Certificates. The Class [ ] Certificates. Seller: IndyMac Bank, F.S.B., a federal savings bank, and its successors in interest.