Transferor Certificate definition

Transferor Certificate. As defined in Section 5.02(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Transferor Certificate has the meaning assigned in Section 2.04(a) of the Indenture.

Transferor Certificate means the certificate representing the interest in the Trust that is the right to receive any amounts available for distribution that are not allocable to the Notes and that is executed and authenticated in accordance with this Agreement substantially in the form attached to this Agreement as Exhibit B.

Examples of Transferor Certificate in a sentence

• The Trustee shall be under no liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.02(b) and this Section 5.02(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under the provisions of this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and the Rule 144A Letter.

• The Trustee shall be under no liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.02(b) and this Section 5.02(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and either the Rule 144A Letter or the Investment Letter.

• The Exchangeable Transferor Certificate may be exchanged by the Transferor pursuant to the Agreement for one or more Series of Certificates and a reissued Exchangeable Transferor Certificate upon the conditions set forth in the Agreement.

• Throughout the existence of the Trust, the Servicer will allocate to the Transferor, as holder of the Exchangeable Transferor Certificate, an amount equal to the Transferor Percentage of the aggregate amount of Collections of Finance Charge Receivables and Principal Receivables for each Monthly Period.

• The Securities Administrator shall be under no liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.02(b) and this Section 5.02(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under the provisions of this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and the Rule 144A Letter.

More Definitions of Transferor Certificate

Transferor Certificate means the letter substantially in the form of Exhibit D and delivered pursuant to Section 2.14(a).

Transferor Certificate shall have the meaning specified in the Trust Agreement.

Transferor Certificate means the certificate executed by the Transferor and authenticated by the Trustee, substantially in the form of Exhibit A and exchangeable as provided in Section 6.09; provided, that at any time there shall be only one Transferor Certificate.

Transferor Certificate. As defined in Section 5.02(b). Trigger Event: Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.

Transferor Certificate means a certificate substantially in the form of Exhibit B- 1 annexed to the Indenture.

Transferor Certificate has, with respect to any Asset Pool, the meaning specified in the applicable Asset Pool Supplement for such Asset Pool.

Transferor Certificate means the Certificate executed and authenticated by the Owner Trustee in substantially the form set forth in Exhibit A to this Agreement.