Examples of Class C Certificateholder in a sentence
All amounts earned on amounts on deposit in the Swap Account shall be taxable to the Majority Class C Certificateholder.
Amounts in the Swap Account shall, at the written direction of the Majority Class C Certificateholder, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date.
All net income and gain from such investments shall be distributed to the Majority Class C Certificateholder, not as a distribution in respect of any interest in any REMIC, on such Distribution Date.
Any losses on such investments shall be deposited in the Swap Account by the Majority Class C Certificateholder out of its own funds immediately as realized.
The Class R Certificateholder shall provide notice of such resignation or removal of the Owner Trustee to the Class C Certificateholder and each of the Rating Agencies.