Underlying Certificates definition

Underlying Certificates. The Class A-1B Certificates issued pursuant to the Underlying Pooling and Servicing Agreement.

Underlying Certificates means as of any date of determination, any or all of the asset-backed certificates and/or owner trust certificates at the time held as part of the Trust Estate as set forth in the Certificate Schedule maintained with the Owner Trustee.

Underlying Certificates. The Class A-1B Certificates and the Class A-2B Certificates.

Examples of Underlying Certificates in a sentence

• For each Series, the Issuer will identify the related certificates evidencing the Classes of Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificates specified in the related Schedule of Underlying Certificates.

• In the event that there shall be any matter arising under the Underlying Trust Agreement that requires the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying Certificates shall vote such Underlying Certificates in such amounts and proportions as shall reflect instructions received from Holders of Certificates of the related Class or Classes.

• Fannie Mae, acting in its capacity as Trustee, acknowledges the transfer and assignment to it of the Underlying Certificates and hereby declares that it will hold the same in trust for the Certificateholders on the terms contained in this Trust Agreement.

• Fannie Mae, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Fannie Mae, acting in its capacity as Trustee, all of Fannie Mae’s right, title and interest in and to the Underlying Certificates, including all payments of principal and interest thereon received after the month of the Issue Date.

• In the event that there shall be any matter arising under the 2002-90 Trust Agreement that requires the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying Certificates shall vote such Underlying Certificates in such amounts and proportions as shall reflect instructions received from Holders of Certificates of the related Class or Classes.

More Definitions of Underlying Certificates

Underlying Certificates has the meaning specified in the Sale and Assignment Agreement.

Underlying Certificates. The Certificates held in the Trust and evidencing beneficial interests in the Underlying Trust.

Underlying Certificates. With respect to the Class 1-A2A2 Certificates, the Class 1-A2A2U Certificates. With respect to the Class 1-A3A2 Certificates, the Class 1-A3A2U Certificates. Underwriter: Lxxxxx Brothers Inc.

Underlying Certificates means the certificates representing the residual interests issued by fifteen trusts formed by the Seller between February 1996 and August 1999 in connection with securitizations of fixed rate motor vehicle retail installment sales contracts and installment loan agreements as specifically identified on Schedule I, each of which shall be registered in the name of or as designated by the Issuer.

Underlying Certificates. The Resolution Trust Corporation, Commercial Mortgage Pass-Through Certificates, Series 1994-C1, Class E certificates with an aggregate unpaid principal balance as of the Cut-off Date of $ , being transferred to the Trustee pursuant to Section 2.01.

Underlying Certificates. The REMIC Certificates held in the Trust and evidencing beneficial interests in the Underlying Trust.

Underlying Certificates. The Certificates held in the Trust and evidencing beneficial interests in the 2003-49 Trust. US Bank: U.S. Bank National Association, a national banking association. EXECUTION COPY ARTICLE II The Trust