Holder of the Seller Certificate definition

Holder of the Seller Certificate means the Holder of the Seller Certificate or the Holder of any uncertificated interest in the Seller Interest.
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Holder of the Seller Certificate means, at any specified time, the holder or owner of the Seller Certificate, each of which, if there is more than one such holder or owner, shall be a party to the Seller Certificate Ownership Agreement, with the respective interests granted to each of such parties pursuant to the Seller Certificate Ownership Agreement. The initial Holder of the Seller Certificate shall be Discover Bank.
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Holder of the Seller Certificate with respect to any Master Trust has the meaning set forth in the applicable Pooling and Servicing Agreement.
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Examples of Holder of the Seller Certificate in a sentence

  • The Trustee also shall authenticate and deliver, upon the order of Discover Bank on behalf of the Holder of the Seller Certificate, the Investor Certificates of each Series, if any, to be issued as of the Initial Closing Date.

  • Subject to Section 4.03(b), the Trustee on behalf of the Trust, with the consent of Discover Bank on behalf of the Holder of the Seller Certificate, hereby agrees to allow (without further action by the Trustee) each Servicer to use Collections in respect of Receivables collected by such Servicer until such Collections are to be disbursed by the Master Servicer in accordance with the terms of Article IV hereof or the terms of any applicable Series Supplement.

  • If at any time a Receivable Repurchase Event shall have occurred and be continuing, Discover Bank on behalf of the Holder of the Seller Certificate shall purchase all the Receivables in each Account in which there is any Receivable as to which such event relates (an “Ineligible Receivable”), subject to the provisions of Section 2.08, on the terms and conditions set forth below.

  • Adopted, ( 12) ; Absent: Buscaino , Parks (2) PUBLIC HEARING CLOSED - ORDINANCE ADOPTED Items for which Public Hearings Have Been Held ITEM NO.

  • In addition to designations of Additional Accounts as described in Sections 2.10(b) and 2.10(c), subject to the conditions set forth below, Discover Bank on behalf of the Holder of the Seller Certificate shall be permitted to convey to the Trust Participation Interests.

  • In the event that Discover Bank is no longer acting as Master Servicer or Servicer, or any other Servicer shall cease to act as a Servicer, any Successor Master Servicer or Successor Servicer, as applicable, appointed pursuant to Section 10.03 shall deliver or make available to Discover Bank on behalf of the Holder of the Seller Certificate each certificate and report required to be prepared, forwarded or delivered thereafter pursuant to this Agreement.

  • The Master Servicer may elect, at any time, by written notice to the Trustee and to Discover Bank on behalf of the Holder of the Seller Certificate, and subject to the conditions set forth below, to move any Series from the Group of which it is then a member to any other Group, including without limitation to a new Group established at such time of which the Series to be moved is the only Series.

  • On or about the Initial Closing Date, the Trustee shall authenticate and deliver the Seller Certificate to the Holder of the Seller Certificate.

  • From time to time after the Initial Closing Date, pursuant to Section 6.06 hereof and the terms of the applicable Series Supplement, the Trustee shall authenticate and deliver the Investor Certificates of additional Series (with the designation provided in the applicable Series Supplement), upon the order of Discover Bank on behalf of the Holder of the Seller Certificate, to the persons designated in such Series Supplement.

  • Subject to Section 4.03(b), the Trustee on behalf of the Trust, with the consent of Discover Bank on behalf of the Holder of the Seller Certificate, hereby agrees to allow (without further action by the Trustee) each Servicer to use all Collections in respect of Receivables serviced by such Servicer until the funds are transferred to, or at the direction of, the Master Servicer for disbursement in accordance with the terms of Article IV hereof.

Related to Holder of the Seller Certificate

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Certificate Purchase Agreement The Purchase Agreement, dated as of [_______], among the Depositor and the Initial Purchasers, relating to the Privately Offered Certificates.

  • Buyer Certificate means a certificate to the effect that each of the conditions specified in clauses (a) through (c) (insofar as clause (c) relates to Legal Proceedings involving the Buyer) of Section 5.2 is satisfied in all respects.

  • Digital Certificate means an electronic device used to verify identity or protect electronic messages.

  • Shareholder Servicing Agent shall have the meaning designated in Section 5.2(f) hereof.

  • Final Certificate means the final certificate issued by the Engineer-in-Charge in accordance with the provisions hereof.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Residual Certificate The Class R Certificate.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Individual Certificate Any Private Certificate registered in the name of the Holder other than the Depository or its nominee.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Transferor Certificate As defined in Section 5.02(b).

  • Certificate re Non-Bank Status means a certificate substantially in the form of Exhibit F.

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Depositor and the Depositary, as the initial Clearing Agency, dated as of the Closing Date, substantially in the form attached hereto as Exhibit B, as the same may be amended and supplemented from time to time.