Rated Certificates definition

Rated Certificates means each Class of Certificates that has been rated by a Rating Agency at the request of the Seller.
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Rated Certificates means each Class of Certificates that has been rated by a Rating Agency.
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Rated Certificates means the securities of any class or series issued in a Securitized Financing that has been rated by a Rating Agency at the request of the Grantor.
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Examples of Rated Certificates in a sentence

  • So long as any Rated Certificates are Outstanding, the Depositor shall maintain legal and beneficial ownership of at least 51% of the Outstanding Principal Amount of the Class D-R Certificates, unless otherwise agreed to by the Controlling Holders.

  • This undertaking shall not be waived, rescinded or otherwise modified without the written consent of each of the entities set forth in such Section 3.22(l) and written confirmation from each Rating Agency for the Rated Certificates to the effect that such waiver, rescission or other modification shall not result in an Adverse Rating Event with respect to any Class of Rated Certificates rated by such Rating Agency.

  • On or before each date for the first Funding by the Holders of a Class of Rated Certificates in this Series, the Depositor shall provide written confirmation from the Rating Agency of the initial rating on the all of the Rated Certificates in this Series.

  • The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall receive from each Rating Agency a letter to the effect that such merger, consolidation or succession will not result in a qualification, downgrading or withdrawal of the then-current ratings on the Rated Certificates.

  • The Trust shall reimburse from funds on deposit in the Reserve Account all reasonable fees, costs and expenses incurred by the Certificateholder Agent and the Holders of the Rated Certificates in connection with their review of this Agreement, including without limitation the reasonable fees of their special counsel (namely, Day, Xxxxx & Xxxxxx LLP).

  • The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall receive from each Rating Agency a letter to the effect that such merger, consolidation or succession will not result in a qualification, downgrading or withdrawal of its then-current rating of the Rated Certificates.

  • It shall be a condition to any Funding under this Series after September 10, 1999 that prior to such Funding there shall have been delivered to the Trustee and each Holder of Rated Certificates a legal opinion of counsel to the Company, the Depositor and the Servicer, inform and substance satisfactory to such Holders, with respect to this Supplement and such related matters as such Holders may reasonably request.

  • The Seller hereby certifies to the Trustee that the rating agency rating the Rated Certificates is the Rating Agency, and that its address is as set forth in Section 13.05.

  • Any Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "Aa3" from Xxxxx'x and "AA-" from S&P (or, in the case of either Rating Agency, such lower rating as will not result in an Adverse Rating Event with respect to any Class of Rated Certificates (as confirmed in writing to the Trustee and the Depositor by such Rating Agency)).

  • The Seller shall provide notice of any merger, consolidation or succession pursuant to this Section to each Rating Agency and shall deliver to the Trustee a letter from each Rating Agency to the effect that such merger, consolidation or succession will not result in a qualification, reduction or withdrawal of the then-current rating of the Rated Certificates.


More Definitions of Rated Certificates

Rated Certificates. Any Class of Certificates bearing a credit rating at issuance from the Rating Agency.
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Rated Certificates. All Certificates as to which the Rating Agency has assigned a rating.
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Rated Certificates means the securities of any class or series issued in a Securitized Financing that have been rated by a Rating Agency at the request of the Grantor.
Sample 1

Related to Rated Certificates

  • Related Certificates For each interest in the Upper Tier REMIC, the Class of Certificates listed on the same row in the table entitled "Upper Tier REMIC" in the Preliminary Statement.

  • Non-Reduced Certificates As of any date of determination, any Class of Principal Balance Certificates then outstanding for which (a)(1) the initial Certificate Balance of such Class of Certificates minus (2) the sum (without duplication) of (x) the aggregate payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of such Class of Certificates as of such date of determination, (y) any Appraisal Reduction Amounts allocated to such Class of Certificates as of such date of determination and (z) any applicable Realized Losses previously allocated to such Class of Certificates as of such date of determination, is equal to or greater than (b) 25% of the remainder of (i) the initial Certificate Balance of such Class of Certificates less (ii) any payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of that Class of Certificates as of such date of determination.

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Insured Certificates The Class A-1 Certificates.

  • Related Certificate Group As to any Combinable Class or RCR Class, a Certificate Group that includes such Class.

  • Accretion Directed Certificates As specified in the Preliminary Statement.

  • Class D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group III Certificates The Group III-A Certificates.

  • Group I Certificates The Class A-1 Certificates.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Class A Certificates As specified in the Preliminary Statement.

  • ERISA Restricted Certificates Any Class B-4, Class B-5 or Class B-6 Certificate.

  • Accrued Certificate Interest With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of:

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • The Certificates The Offered Certificates shall be issued as follows: