Underlying Certificates definition

Underlying Certificates. The Class A-1B Certificates issued pursuant to the Underlying Pooling and Servicing Agreement.

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Underlying Certificates means as of any date of determination, any or all of the asset-backed certificates and/or owner trust certificates at the time held as part of the Trust Estate as set forth in the Certificate Schedule maintained with the Owner Trustee.

Underlying Certificates means the certificates representing the residual interest issued by five trusts formed by the Seller between September 1998 and August 1999 in connection with securitizations of fixed rate motor vehicle retail installment sales contracts and installment loan agreements as specifically identified on Schedule II, each of which shall be registered in the name of or as designated by the Issuer.

Examples of Underlying Certificates in a sentence

The Depositor agrees to provide to the Trustee all documents required for the transfer to the Trustee of the Deposited Underlying Certificates.
The transfer of the Deposited Underlying Certificates and all other assets constituting the Trust Fund is absolute and is intended by the parties hereto as a sale.
The Trustee shall not be accountable for the use or application by the Depositor or the Underlying Certificate Seller of any funds paid to the Depositor or the Underlying Certificate Seller in respect of the Deposited Underlying Certificates.
The Trustee shall not permit the Deposited Underlying Certificates or any other asset constituting the Trust Fund to be subjected to any lien, claim or encumbrance arising by, through or under the Trustee or any person claiming by, through or under the Trustee.
The Deposited Underlying Certificates have been credited to the Securities Account.

More Definitions of Underlying Certificates

Underlying Certificates has the meaning specified in the Sale and Assignment Agreement.

Underlying Certificates. The Class A-1B Certificates and the Class A-2B Certificates.

Underlying Certificates. The Certificates held in the Trust and evidencing beneficial interests in the Underlying Trust.

Underlying Certificates. The Resolution Trust Corporation, Commercial Mortgage Pass-Through Certificates, Series 1994-C1, Class E certificates with an aggregate unpaid principal balance contributed to the Trust of $65,731,702.68, being transferred to the Trustee pursuant to Section 2.01.

Underlying Certificates. With respect to the Class 1-A2A2 Certificates, the Class 1-A2A2U Certificates. With respect to the Class 1-A3A2 Certificates, the Class 1-A3A2U Certificates. Underwriter: L▇▇▇▇▇ Brothers Inc.

Underlying Certificates. The Underlying Class A-4B Certificates issued pursuant to the Underlying Pooling and Servicing Agreement, a copy of which is attached hereto as Exhibit B. Underlying Certificates Remittance Report: The remittance report provided to the Holders of the Underlying Certificates in accordance with Section 6.04 of the Underlying Pooling and Servicing Agreement.

Underlying Certificates. Mortgage pass-through certificates, collateralized mortgage obligations and other similar securities issued pursuant to Underlying Agreements but not included in the Pooled Certificates.