[ADDITIONAL CLASS A-1 SERVICER CERTIFICATE Sample Clauses
The "Additional Class A-1 Servicer Certificate" clause establishes the terms under which an extra certificate, specifically designated as Class A-1, may be issued to a servicer involved in a financial transaction or securitization. This clause typically outlines the conditions for issuance, the rights and obligations attached to the certificate, and the circumstances under which it may be transferred or redeemed. For example, it may specify that the certificate entitles the servicer to certain payments or voting rights related to the underlying assets. The core function of this clause is to provide a clear framework for the creation and management of additional certificates, thereby ensuring transparency and proper allocation of interests among transaction parties.
[ADDITIONAL CLASS A-1 SERVICER CERTIFICATE. [If the Class A-1 Note Balance is greater than zero on the Additional Class A-1 Determination Date, the Servicer shall deliver to the Indenture Trustee, the Issuing Entity, the Administrator, the Closed-End Administrative Agent, the Closed-End Collateral Agent, the Owner Trustee and the Paying Agent on the Additional Class A-1 Determination Date a certificate with respect to the immediately preceding Closed-End EN Collection Period containing all information necessary for each such party to make the distribution required by this Agreement and the Indenture on the Additional Class A-1 Payment Date, and all information necessary for each such party to send any related statements required under the Transaction Documents.]