Transferor Certificate definition

Transferor Certificate. As defined in Section 5.02(b).

Transferor Certificate has the meaning assigned in Section 2.04(a) of the Indenture.

Transferor Certificate means the certificate executed by the Transferor and authenticated by or on behalf of the Trustee, in substantially the form of Exhibit A hereto.

Examples of Transferor Certificate in a sentence

• From time to time after the Initial Closing Date, pursuant to Section 6.06 hereof and the terms of the applicable Series Supplement, the Trustee shall authenticate and deliver the Investor Certificates of additional Series (with the designation provided in the applicable Series Supplement), upon the order of Discover Funding as the Holder of the Transferor Certificate, to the persons designated in such Series Supplement.

• Subject to Section 4.03(b), the Trustee on behalf of the Trust, with the consent of Discover Funding as the Holder of the Transferor Certificate, hereby agrees to allow (without further action by the Trustee) each Servicer to use Collections in respect of Receivables (or receivables in Charged-Off Accounts) collected by such Servicer until such Collections are to be disbursed by the Master Servicer in accordance with the terms of Article IV hereof or the terms of any applicable Series Supplement.

• The Holder of the Transferor Certificate will maintain at its expense in the Borough of Manhattan, The City of New York and in Chicago, Illinois in the case of Registered Certificates an office or offices or agency or agencies where notices and demands to or upon the Trustee in respect of the Certificates, this Agreement and any Series Supplement may be served.

• In the event that such an exclusion of Receivables from the calculation of the Transferor Interest would cause the Transferor Interest to be a negative number on the date of purchase of such Receivables, Discover Funding as the Holder of the Transferor Certificate shall make a deposit in the Collections Account in immediately available funds in an amount equal to the amount by which the Transferor Interest would be reduced below zero.

• The Trustee shall execute such documents and instruments of transfer or assignment including, without limitation, any document necessary to release the Trust’s security interest in such Receivables and to release any filings evidencing or perfecting such security interest and take such other actions as shall reasonably be requested by Discover Funding as the Holder of the Transferor Certificate to effect the conveyance of such Receivables pursuant to this section.

More Definitions of Transferor Certificate

Transferor Certificate means the certificate representing the interest in the Trust that is the right to receive any amounts available for distribution that are not allocable to the Notes and that is executed and authenticated in accordance with this Agreement substantially in the form attached to this Agreement as Exhibit B.

Transferor Certificate means the letter substantially in the form of Exhibit D and delivered pursuant to Section 2.14(a).

Transferor Certificate shall have the meaning specified in the Trust Agreement.

Transferor Certificate. As defined in Section 5.02(b). Trigger Event: Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.

Transferor Certificate means a certificate substantially in the form of Exhibit B- 1 annexed to the Indenture.

Transferor Certificate means, if the Transferor elects to evidence its interest in the Transferor Interest in certificated form pursuant to Section 6.01, a certificate executed and delivered by the Transferor and authenticated by the Trustee substantially in the form of Exhibit A; provided, that at any time there shall be only one Transferor Certificate; provided further, that in any Supplement, “Transferor Certificate” shall mean either a certificate executed and delivered by the Transferor and authenticated by the Trustee substantially in the form of Exhibit A or the uncertificated interest in the Transferor Interest.

Transferor Certificate means, for Asset Pool One, if any Transferor elects to evidence its interest in the Transferor Interest in certificated form, the certificate executed by the Issuer and authenticated by the Owner Trustee, substantially in the form set forth as Exhibit A; provided, that as used herein and in any Indenture Supplement "Transferor Certificate" shall mean either a certificate executed and delivered by the Issuer and authenticated by the Owner Trustee substantially in the form of Exhibit A or the uncertificated interest in the Transferor Interest.