Junior Certificates definition

Junior Certificates. As specified in the Preliminary Statement.

Junior Certificates means the certificates issued by a Junior Trust holding a Junior Equipment Note, substantially in the form of Exhibit A to the applicable Junior Trust Agreement, and authenticated by the Junior Trustee, representing fractional undivided interests in such Junior Trust, and any certificates issued in exchange therefor or replacement thereof pursuant to the terms of the applicable Junior Trust Agreement.

Examples of Junior Certificates in a sentence

• The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Purchase and Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

• The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Sale and Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

• Each Class of Junior Certificates that received a full pro rata share as described above will be allocated any remaining amount in respect of clauses (ii) and (iii) of the definition of Junior Optimal Principal Amount, pro rata (based on the Certificate Principal Balances of only those Junior Certificates that received a full pro rata share).

• The Servicer shall provide to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

• The Master Servicer shall provide and cause each Servicer to provide in accordance with the related Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Junior Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

• The Distribution Date on which the Class Principal Balances of the Junior Certificates have been reduced to zero.

• The 15-Year Junior Certificates and the 30-Year Junior Certificates.

• This Junior Certificate is one of several Series of junior certificates of participation ("Junior Certificates") issued under and equally and ratably secured and executed and delivered by the Trustee or any successor Trustee under the Trust Indenture.

• For purposes of allocating losses to the Junior Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Junior Certificates.

• The Junior Certificates shall be prepared in substantially the form and tenor set forth in Exhibit B attached hereto.