Senior Trust Certificate definition

Senior Trust Certificate means that certain 125 Home Loan Owner Trust 1998-1, Senior Trust Certificate.
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Examples of Senior Trust Certificate in a sentence

  • Each Trust Payment with respect to a Senior Trust Certificate will be deemed to also be a Debt Payment and will reduce the outstanding principal amount of the New Senior Subordinated Note to which it corresponds by the amount of such Trust Payment.

  • Interest shall accrue on the outstanding principal amount of each Senior Trust Certificate from and including the date of issuance of such Senior Trust Certificate to, but excluding the Final Payment Date.

  • To the extent permitted by applicable law, any payments due and not punctually paid on the Series [ ] Senior Trust Certificates shall bear interest until paid at the Series [ ] Senior Trust Certificate Rate plus the Default Interest Rate.

  • The Trustee shall pay principal of this Senior Trust Certificate in accordance with the Amortization Schedule attached hereto and shall pay interest and Additional Amounts, if any, in each case quarterly on March 1, June 1, September 1 and December 1 of each year (each a "Payment Date"), or if any such day is not a Business Day, on the next succeeding Business Day.

  • This Senior Trust Certificate shall be governed by and construed in accordance with the law of the Cayman Islands.

  • Interest shall accrue on the outstanding principal amount of each Series [ ] Senior Trust Certificate from and including the date of issuance of such Series [ ] Senior Trust Certificate to, but excluding, the Final Payment Date therefor and shall be paid on each Payment Date and, when applicable, on the day following the last day of each Monthly Interest Period.

  • The Pledged Shares are described in Exhibit "D" and the Residual Interest Instruments, Senior Trust Certificate and Interest Only Instruments described on Exhibit "C" and Exhibit "F" are Certificates, all of which are Collateral.

  • Unless such designation is revoked, any such designation made by such Senior Certificate Holder with respect to such Senior Trust Certificates shall remain in effect with respect to any future payments with respect to such Senior Trust Certificate payable to such Senior Certificate Holder.

  • Payment in respect of principal and interest on any Payment Date with respect to any Senior Trust Certificate shall be made to the Person in whose name such Senior Trust Certificate is registered on the Regular Record Date immediately preceding the applicable Payment Date.

  • If a Senior Trust Certificate is prepaid on or after a Regular Record Date but on or prior to the related Payment Date, then all amounts in respect of such prepayment shall be paid to the Person in whose name such Senior Trust Certificate was registered at the close of business on such Regular Record Date.

Related to Senior Trust Certificate

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Definitive Trust Certificates shall have the meaning set forth in Section 3.10.

  • Class N Certificate means any of the Certificates with a "Class N" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

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

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Residual Certificates As specified in the Preliminary Statement.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Certificate Registrar means the register mentioned and the registrar appointed pursuant to Section 3.4.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Certificate Register and Certificate Registrar The register maintained and the registrar appointed, respectively, pursuant to Section 5.03.

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Depositor and the Depositary, as the initial Clearing Agency, dated as of the Closing Date, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Certificate No 2-A-10-[__] Cut-off Date: October 1, 2002 First Distribution Date: November 25, 2002 Last Scheduled Distribution Date: December 25, 2032 Pass-Through Rate: 6.000% Initial Certificate Principal Balance of this Certificate $[______] ("Denomination"): Initial Certificate Principal Balances of all Certificates $20,000,000 of this Class: CUSIP: 55265K MP 1 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ASSET SECURITIZATION TRUST 2002-7 Mortgage Pass-Through Certificates, Series 2002-7 Class 2-A-10 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of three pools of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that _______________ is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Warburg Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank Minnesota, N.A., as master servicer (the "Servicer"), xxx Xachovia Bank, National Association, as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2 pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Trust Securities Certificate means any one of the Common Securities Certificates or the Preferred Securities Certificates.