Single Certificate definition

Single Certificate. With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance or Notional Amount of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 20% Percentage Interest in such Class.
Single Certificate. A Certificate of any Class that evidences the smallest permissible Denomination for such Class, as set forth in Section 11.24.
Single Certificate. A Certificate of any Class that evidences the smallest permissible original denomination for such Class of Certificates as specified in Section 4.01(d).

Examples of Single Certificate in a sentence

  • Amount of distribution allocable to principal and interest: The amounts below are for a Single Certificate of $1,000: 1.

  • A Single Certificate for the Class B-4, Class B-5 and Class B-6 Certificates represents a $250,000 Denomination.

  • A Single Certificate for the Class A-R Certificate represents a $100 Denomination.

  • A Single Certificate for the Class A-R and Class A-LR Certificates represents a $50 Denomination.

  • A Single Certificate for the Residual Certificate represents a $100 Denomination.


More Definitions of Single Certificate

Single Certificate. A Regular Certificate of any Class (other than a Class P Certificate) evidencing an Initial Certificate Principal Balance or Initial Notional Amount, as applicable, of $1,000, or, in the case of a Class P Certificate, a Certificate of such Class evidencing an Initial Certificate Principal Balance of $100.
Single Certificate. A Certificate with an Initial Certificate Principal Balance, or initial Notional Principal Balance, of $1,000 or, in the case of a Class of Certificates issued with an initial Class Certificate Principal Balance or initial Notional Principal Balance of less than $1,000, such lesser amount.
Single Certificate. A Certificate of any Class or Subclass that evidences the smallest permissible Denomination for such Class or Subclass, as set forth in Section 11.25.
Single Certificate. A Certificate of any Class evidencing the minimum denomination for Certificates of such Class as set forth in Section 5.01.