Residual Certificate definition

Residual Certificate. The Class R Certificate.

Residual Certificate. Any Class R-I or Class R-II Certificate.

Residual Certificate. Any one of the Class R Certificates and the Class R-X Certificates.

Examples of Residual Certificate in a sentence

• The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity.

• The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate, the Trustee and the Trust Fund or the NIMS Insurer now or hereafter existing at law or in equity or otherwise.

• Each Residual Certificate shall be dated the date of its authentication.

• Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.

• Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of each REMIC and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.

More Definitions of Residual Certificate

Residual Certificate. The Class 1-A-R Certificate.

Residual Certificate. The Class R Certificate, which is being issued in a single class. Components R-1 and R-2 of the Class R Certificate is hereby each designated the sole Class of "residual interests" in REMIC I and REMIC II, respectively, for purposes of Section 860G(a)(2) of the Code.

Residual Certificate. Any Class R Certificate or Class LR Certificate issued, authenticated and delivered hereunder.

Residual Certificate. Each of the Class A-R and Class LT-R Certificates.

Residual Certificate. The Class 47-R Certificate or the Class 47-RL Certificate, as the context requires.

Residual Certificate. Any residual certificate or "Class R" Certificate issued under any Trust Agreement.

Residual Certificate. Any Class LT-R or Class R Certificate. Responsible Officer or responsible officer: When used with respect to the Trustee, any Vice President, Assistant Vice President, the Secretary, any assistant secretary, any Trust Officer, the Treasurer, or any assistant treasurer, working in its Corporate Trust Office and having direct responsibility for the administration of this Agreement.