Transferor Certificate definition

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

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 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.

• Due to the terms of the Transaction Documents which provide for the occurrence of an Early Amortization Event under the circumstances described below, in all reasonable interest rate fluctuation scenarios Market Risk will not be borne by the Class A Noteholders but instead will be borne by the Bank as holder of the Asset Pool One Transferor Certificate (the “Transferor Interest”).

• 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.

• Upon the termination of the Trust pursuant to Section 12.1 of the Pooling and Servicing Agreement, the Trustee shall assign and convey to the Holder of the Transferor Certificate (without recourse, representation or warranty) all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, and all proceeds of such Receivables and Insurance Proceeds relating to such Receivables.

• All amounts then due to the Owner Trustee from the Trust, the Depositor, or the Master Servicer under any Transaction Document shall be paid in full before any payments to the Depositor or any holder of a Transferor Certificate.

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, if the Transferor elects to evidence its interest in the Transferor Interest in certificated form pursuant to Section 6.01, a certificate executed and delivered by the Transferor and authenticated by the Trustee substantially in the form of Exhibit A; provided, that at any time there shall be only one Transferor Certificate; provided further, that in any Supplement, “Transferor Certificate” shall mean either a certificate executed and delivered by the Transferor and authenticated by the Trustee substantially in the form of Exhibit A or the uncertificated interest in the Transferor Interest.

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

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