Offered Certificate definition

Offered Certificate. Any one of the Class A Certificates and the Mezzanine Certificates, issued under this Agreement.

Examples of Offered Certificate in a sentence

  • No purchaser of any Offered Certificate from the Underwriter shall be deemed a successor or assign by reason of such purchase.

  • No purchaser of any Offered Certificate from any Underwriter shall be deemed a successor or assign by reason of such purchase.

  • In the event that any such Class is resecuritized in a REMIC, the obligation under the Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Net Swap Payment), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Offered Certificate.

  • For federal income tax purposes, each holder of an Offered Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Reserve Fund or the Supplemental Interest Trust in respect of any Net WAC Rate Carryover Amounts or the obligation to make payments to the Supplemental Interest Trust.

  • Percentage Interest ------------------- As to any Offered Certificate, the percentage interest evidenced thereby in distributions required to be made to such Offered Certificate, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.


More Definitions of Offered Certificate

Offered Certificate. Any one of the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV-1, Class AV-2, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class B-1, Class B-2 and Class B-3 Certificates.
Offered Certificate. Any Senior Certificate or Class M Certificate.
Offered Certificate. Any Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-X, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 2-A-8, Class 2-A-9, Class 2-A-10, Class 2-A-11, Class 2-X, Class B-1, Class B-2, Class B-3, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-X, Class 3-B-1, Class 3-B-2, Class 3-B-3, Class 4-A-1, Class 4-A-2, Class 4-A-3, Class 4-X, Class 4-B-1, Class 4-B-2, Class 4-B-3, Class PO, Class R-1, Class R-2, Class R-3, Class R-4, Class R-5 and Class R-6 Certificate.
Offered Certificate. Any Class I-A, Class II-A, Class R-1, Class R-2, Class R-3, Class I-B-l, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificate.