ERISA-Restricted Certificate definition

ERISA-Restricted Certificate. As specified in the Preliminary Statement.

ERISA-Restricted Certificate. The Class A-R, Class LT-R, Class B-4, Class B-5 or Class B-6 Certificates, and any Certificate that does not satisfy the applicable rating requirement under the Underwriter's Exemption.

ERISA-Restricted Certificate. Any Senior Subordinate Certificate.

Examples of ERISA-Restricted Certificate in a sentence

• Any transferee of an ERISA Restricted Certificate that does not comply with either clause (i) or (ii) of the preceding sentence will be deemed to have made one of the representations set forth in Exhibit H.

• Notwithstanding anything else to the contrary herein, any purported transfer of an ERISA Restricted Certificate to or on behalf of a Plan without the delivery to the Trustee and the Servicer of an Opinion of Counsel satisfactory to the Trustee and the Servicer as described above shall be void and of no effect.

• As summarized in the display below, we estimate that the reduction of single- occupant vehicles commuting through the use of alternative methods of travel for shopping saves 600,123 vehicle miles per day, or 30% of total miles driven/not driven (down from 32% in 2016, due primarily to increased levels of single passenger vehicle travel).

• ERISA Restricted Certificate: Any Senior Subordinate Certificate.

More Definitions of ERISA-Restricted Certificate

ERISA-Restricted Certificate. Any Class J, Class K, Class L, Class M, Class N, Class P or Class NR Certificate; provided that any such Certificate: (a) will cease to be considered an ERISA Restricted Certificate and (b) will cease to be subject to the transfer restrictions contained in Section 5.02(c) if, as of the date of a proposed transfer of such Certificate, either (i) it is rated in one of the four highest generic ratings categories by a Rating Agency or (ii) relevant provisions of ERISA would permit the transfer of such Certificate to a Plan.

ERISA-Restricted Certificate. Any Class X-IO and Class R Certificate and any Certificate with a rating below the lowest applicable rating permitted under an Underwriter’s Exemption.

ERISA-Restricted Certificate. Each of the Class X, Class P and Residual Certificates.

ERISA-Restricted Certificate. Any Certificate (other than a Class R Certificate) that does not meet the requirements of Prohibited Transaction Exemption 2002-19 (as such exemption may be amended from time to time) as of the date of the acquisition of such Certificate by a Plan. As of the Closing Date, each of the Class X-C, Class E, Class F and Class NR Certificates is an ERISA Restricted Certificate.

ERISA-Restricted Certificate. The Class C, Class L, Class P and Class R Certificates and any other Certificate, unless such other Certificate shall have received a rating from a Rating Agency at the time of a transfer of such other Certificate that is in one of the three (or in the case of Designated Transactions, four) highest generic rating categories.

ERISA-Restricted Certificate. Any Class B-3, Class B-4 or Class B-5 Certificate or any other Certificate which at the date of determination is not rated in one of the four highest generic rating categories by any Rating Agency.

ERISA-Restricted Certificate. Each of the Class C, Class P and Residual Certificates.