Outstanding Certificate definition

Outstanding Certificate. Any Outstanding Exchangeable Certificate and Outstanding Exchangeable REMIC Certificate.

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. Paying Agent and Registrar: State Street Bank and Trust Company, a Massachusetts banking corporation, until a successor Person shall be appointed by Xxxxxx Xxx.

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. Paying Agent and Registrar: US Bank, until a successor Person shall be appointed by Xxxxxx Xxx.

Examples of Outstanding Certificate in a sentence

• As to any Certificate that is not an Outstanding Certificate at the time of determination, zero.

• Holder: As to any Outstanding Certificate, the record owner on the books of the Fiscal Agent.

• Within a reasonable time after the end of each calendar year during any portion of which a Certificate is an Outstanding Certificate, the Trustee will either (i) furnish or cause to be furnished to each Holder listed on the records of the Fiscal Agent at any time during that year a statement containing the relevant information required under the Code or (ii) disseminate in a manner consistent with Section 12.04 information from which such relevant information can be calculated.

• The City shall account for all Gross Proceeds (including all receipts, expenditures and investments thereof) on its books of account separately and apart from all other funds (and receipts, expenditures and investments thereof) and shall retain all records of accounting for at least six years after the day on which the last Outstanding Certificate is discharged.

• As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Factor (including any allocation of Deferred Interest pursuant to Section 4.01(f)).

More Definitions of Outstanding Certificate

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. Paying Agent and Registrar: US Bank, until a successor Person shall be appointed by Xxxxxx Xxx. Person: Any legal person, including any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. Paying Agent and Registrar: US Bank, until a successor Person shall be appointed by Xxxxxx Xxx. Person: Any legal person, including any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. Prospectus Supplement: The Prospectus Supplement dated March 29, 2005 relating to the Guaranteed REMIC Pass Through Certificates, Xxxxxx Xxx XXXXX Trust 2005-40, as the same may be amended or supplemented from time to time.

Outstanding Certificate. Each Combinable Certificate; provided, however, that upon the exchange of any Certificate pursuant to Section 2.03 hereof, the Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate and each Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate.

Outstanding Certificate. As of any Distribution Date and any Certificate, a Certificate that is designated by the Fiscal Agent as outstanding on the Record Date related to such Distribution Date; provided, however, that for any purpose other than determining distributions on a Distribution Date, an “Outstanding Certificate” on any date of determination will be a Certificate designated by the Fiscal Agent as outstanding on such date of determination.

Outstanding Certificate. Principal Balance of such Class shall equal the excess of the Mortgage Pool Principal Balance (together with the principal portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the Class A Principal Balance.

Outstanding Certificate means any Outstanding Exchangeable Certificate and Outstanding Depositable Certificate.

Outstanding Certificate. With respect to any Grantor Trust Certificate, the Certificate which is currently outstanding pursuant to Section 3.11 hereof; provided, however, that upon any Exchange pursuant to Section 3.11 hereof, the Initial Exchangeable Certificate or Exchangeable Certificate so exchanged shall be deemed no longer to be an Outstanding Certificate, and each new Exchangeable Certificate issued in exchange therefor shall be deemed to be an Outstanding Certificate. On the Closing Date, the Initial Exchangeable Certificates and the Non-Exchangeable Certificates will be the only Grantor Trust Certificates that are Outstanding Certificates. Overcollateralized Group: On any Distribution Date, if there is an Undercollateralized Group, the Certificate Group which is not an Undercollateralized Group. Pacific Union Financial Agreement: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Pacific Union Financial, LLC, Five Oaks and the Trustee. Paramount Residential Mortgage Group Agreement Number One: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Paramount Residential Mortgage Group, Inc., Five Oaks and the Trustee, relating to the Mortgage Loans purchased by Five Oaks from Bank of America. Paramount Residential Mortgage Group Agreement Number Two: The Assignment, Assumption and Recognition Agreement, dated as of December 23, 2014, among Paramount Residential Mortgage Group, Inc., Five Oaks and the Trustee, relating to the Mortgage Loans purchased by Five Oaks from Paramount Residential Mortgage Group, Inc.