Variable Funding Certificate or “VFC”: Defined in Section 2.1(a).

Variable Funding Certificate. Defined in Section 2.1.

Variable Funding Certificate or “VFC Certificate” shall have the meaning assigned in Section 5.11(a) of the Pooling Agreement.

Examples of Variable Funding Certificate in a sentence

In addition, the Variable Funding Certificate and the BCRC Certificate have been issued and Supplemental Certificates may be issued in the future.
Parties who hold the Variable Funding Certificate receive interest at a variable short-term market rate.
The remaining portion of the Servicing Fee not allocable to the Certificates shall be paid by the Holder of the BCRC Certificate, the Holder(s) of any Supplemental Certificates(s), the Holder of the Variable Funding Certificate and the Holders of other outstanding Series of Investor Certificates, and in no event shall the Trust, the Trustee or the Holders of the Certificates be liable for any such remaining portion.
During 2006 and 2007, we sold an interest in our credit card receivables by issuing a Variable Funding Certificate.
Each Variable Funding Certificate shall evidence an undivided ownership interest (and the Seller does hereby sell, transfer, assign and convey such undivided ownership interest to the Purchasers) in the Collateral purchased by a Purchaser in an amount equal, at any time, to the percentage equivalent of a fraction (i) the numerator of which is the Advances outstanding under the applicable VFC on such day, and (ii) the denominator of which is the total aggregate Advances Outstanding on such day.

More Definitions of Variable Funding Certificate

Variable Funding Certificate shall have the meaning assigned to such term in Section 7.4 hereof.

Variable Funding Certificate means the certificate executed by the Trustee on behalf of the Trust and authenticated by the Trustee, substantially in the form attached to the related Supplement.

Variable Funding Certificate means the certificate evidencing ---------------------------- the Variable Funding Amount and substantially in the form of Exhibit A hereto.

Variable Funding Certificate means a certificate representing a Membership Interest in the form of Exhibit B. The terms set forth in the Variable Funding Certificate are incorporated by reference and constitute part of this Agreement.

Variable Funding Certificate means a certificate issued pursuant to Section 6.09 of the Pooling and Servicing Agreement, substantially in the form of Exhibit B to the Pooling and Servicing Agreement.

Variable Funding Certificate means a certificate issued pursuant to Section 6.09 to the Pooling and Servicing Agreement, held by the CP Issuer or other person specified in the related Supplement and substantially in the form of Exhibit B to the Pooling and Servicing Agreement.

Variable Funding Certificate. Defined in Section 2.1. VFCC: Defined in the Preamble of this Agreement.