Examples of VFC Certificateholder in a sentence
This VFC Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the VFC Certificateholder, by virtue of the acceptance hereof, assents and is bound.
A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by any VFC Certificateholder to the Company and the Master Servicer shall be conclusive absent manifest error.
We hereby consent to the execution and delivery by the Company, the Master Servicer, the Initial VFC Certificateholder and the Trustee of, and the changes effected to the Series 1996-1 Supplement by, the Amendment (substantially in the form previously distributed to us).
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No failure to exercise and no delay in exercising, on the part of the Enhancement Provider, the Trustee or any VFC Certificateholder, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
The Master Servicer shall give each VFC Certificateholder notice of any proposed amendment to this Supplement or to the Agreement on or before the later of (a) the date that is 10 days prior thereto and (b) the date of any initial notice thereof is provided to the Enhancement Provider.
Promptly after the receipt by a Responsible Officer of the Trustee of notice of the occurrence of a Surety Default, the Trustee shall give notice of such occurrence to each VFC Certificateholder and each Rating Agency.
The Trust Assets are allocated in part to the Series 2000-1 VFC Certificateholder with the remainder allocated to the Investor Certificateholders of other Series, if any, and to the Company.
An Oversight Committee consisting of four (4) union members selected by the Union President, the Executive Director for the union, four (4) members of management selected by the Director of Transportation or his/her designee and the Director of Transportation shall be formed.
No VFC Certificateholder shall be obligated to fund any Increase, unless concurrently with any such Increase in the Invested Amount, the Subordinated Certificate Amount shall be increased by an amount (the "Subordinated Certificate Increase Amount") such that after giving effect to such increase, the sum of the Adjusted Invested Amount plus the Subordinated Certificate Amount equals the Target Receivables Amount.