Holder of the Transferor Certificate definition

Holder of the Transferor Certificate or “holder of the Transferor Certificate” shall mean the Holder of the Transferor Certificate or the Holder of any uncertificated interest in the Transferor Interest.
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Holder of the Transferor Certificate means, at any specified time, the holder or owner of the Transferor Certificate. The Holder of the Transferor Certificate on the Effective Date shall be Discover Funding.
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Examples of Holder of the Transferor Certificate in a sentence

  • Subject to Section 4.03(b), the Trustee on behalf of the Trust, with the consent of Discover Funding as the Holder of the Transferor 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.

  • 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 Funding as the Holder of the Transferor 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 Funding as the Holder of the Transferor Certificate, hereby agrees to allow (without further action by the Trustee) each Servicer to use Collections in respect of Receivables (or receivables in Charged-Off Accounts) 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.

  • The Trustee shall execute such documents and instruments of transfer or assignment including, without limitation, any document necessary to release the Trust’s security interest in such Receivables and to release any filings evidencing or perfecting such security interest and take such other actions as shall reasonably be requested by Discover Funding as the Holder of the Transferor Certificate to effect the conveyance of such Receivables pursuant to this section.

  • 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 Funding as the Holder of the Transferor Certificate each certificate and report required to be prepared, forwarded or delivered thereafter pursuant to this Agreement.

  • On or before the fifth Business Day prior to the Removal Date (the “Removal Notice Date”), Discover Funding as the Holder of the Transferor Certificate shall give the Trustee, the Master Servicer and any Credit Enhancement Provider written notice that the receivables from such Removed Accounts and the Removed Interchange are to be reassigned by the Trustee to Discover Funding as the Holder of the Transferor Certificate effective as of the Removal Date.

  • If the Holder of the Transferor Certificate elects to have its fractional undivided interest in the Trust be evidenced by a certificate, such certificate shall be issued pursuant hereto, substantially in the form of Exhibit D, and shall upon issue be executed and delivered by the Holder of the Transferor Certificate to the Trustee for authentication and redelivery as provided in Sections 2.02 and 6.03.

  • 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 Funding as the Holder of the Transferor Certificate shall be permitted to convey to the Trust Participation Interests.

  • All training was documented in the Department’s Learning Management System (SkillPro) as required.

  • The Certificates shall be executed on behalf of the Trust by Discover Funding as the Holder of the Transferor Certificate by any authorized officer.

Related to Holder of the Transferor Certificate

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

  • Investor Certificate means any one of the certificates (including, without limitation, the Bearer Certificates, the Registered Certificates or the Global Certificates) executed by the Transferor and authenticated by the Trustee substantially in the form (or forms in the case of a Series with multiple classes) of the investor certificate attached to the related Supplement.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

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

  • 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.

  • Investor Certificates means the Class A Certificates, the Class B Certificates and the Collateral Interest.

  • Class B Certificateholder The registered holder of a Class B Certificate.