Senior Class Certificates definition
Examples of Senior Class Certificates in a sentence
The representations and warranties set forth in this Section shall survive the sale of the Senior Class Certificates to the Senior Class Conduits or the Bank Investors and the acquisition by the Senior Class Conduits or the Bank Investors of any additional interests in the Trust in connection with any Additional Investor Amounts.
In addition, the Transferor hereby consents to and acknowledges the assignment by (i) EFC of all of its rights under, interest in and title to this Agreement and the Senior Class Certificates to the Collateral Agent and (ii) each other Senior Class Conduit of all of its rights under, interest in and title to this Agreement and the Senior Class Certificates to any Program Support Provider for such Senior Class Conduit.
The Senior Class Certificates shall accrue interest as described in the Master Pooling and Servicing Agreement, as supplemented by the Series Supplement, from and including the Closing Date.
None of the Transferor or any of its affiliates (as defined in Rule 501(b) under the Act) or any Person (other than the Purchasers and their respective affiliates, as to whom the Transferor makes no representation) acting on its behalf has engaged, in connection with the offering of the Senior Class Certificates, in any form of general solicitation or general advertising within the meaning of Rule 502(c) under the Act.
No Bank Investor may assign all or a portion of its interests in the Senior Class Certificates, the Senior Class Certificate Principal Balance, the Trust Property or its rights and obligations hereunder to any Person unless approved in writing by the Agent, the related Senior Class Agent and the Transferor (in each case such approval not to be unreasonably withheld or delayed) and made in accordance with the Master Pooling and Servicing Agreement and the Series Supplement.
Pursuant to the Second Amended and Restated Agreement, each of EFC, Falcon and Windmill has accepted the conveyance, transfer and assignment from the Transferor of Senior Class Certificates in the aggregate face amount of $105,000,000 in connection with the execution of such Second Amended and Restated Agreement.
Each of the Senior Class Certificates shall be issued in minimum denominations of $500,000 and in integral multiples of $1,000 in excess thereof.
The Transferor is not engaged in the business of extending credit for the purposes of purchasing or carrying margin stock, and no proceeds of any acquisition of an interest in the Senior Class Certificates, directly or indirectly, will be used for a purpose that violates, or would be inconsistent with, Regulations T, U and X promulgated by the Federal Reserve Board from time to time.
Pursuant to the Second Amended Supplement, additional Senior Class Certificates were issued in four classes, designated generally as the Class A-1 Variable Funding Certificates, Series 1997-1, the Class A-2 Variable Funding Certificates, Series 1997-1, the Class A-3 Variable Funding Certificates, Series 1997-1 and the Class A-4 Variable Funding Certificates, Series 1997-1, respectively.
None of the Transferor or any of its ----------------------- affiliates (as defined in Rule 501(b) under the Act) or any Person (other than the Purchasers and their respective affiliates, as to whom the Transferor makes no representation) acting on its behalf has engaged, in connection with the offering of the Senior Class Certificates, in any form of general solicitation or general advertising within the meaning of Rule 502(c) under the Act.