ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES Sample Clauses

The 'Additional Issuances of Class D Certificates' clause governs the conditions and procedures under which new Class D Certificates may be issued after the initial offering. Typically, this clause outlines the requirements for issuing additional certificates, such as obtaining necessary approvals, adhering to specified terms, and ensuring that the rights of existing certificate holders are not adversely affected. For example, it may require that any new issuances be on the same terms as the original certificates or that certain financial covenants are maintained. The core function of this clause is to provide a clear framework for expanding the pool of Class D Certificates while protecting the interests of current holders and maintaining the integrity of the overall certificate structure.
ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES. (a) On any day in the Revolving Period, the Trustee shall issue to the Transferor for execution, upon the Transferor's request, and the Trustee shall authenticate and deliver, in accordance with the Transferor's instructions, an additional principal amount of Class D Certificates ("Additional Class D Certificates") as provided below. (b) Additional Class D Certificates may be issued, executed and delivered upon satisfaction of the following conditions: (i) after giving effect to the issuance of such Additional Class D Certificates, the Transferor Amount shall be at least equal to the Minimum Transferor Amount and the Aggregate Principal Receivables shall be at least equal to the Minimum Aggregate Principal Receivables; (ii) the Transferor shall have given notice by 10:00 A.M., New York City time, on the date such Additional Class D Certificates are to be issued to the Trustee, the Paying Agent, the Servicer and the Collateral Indebtedness Holder of the proposed issuance of such Additional Class D Certificates; (iii) on or before the date on which such Additional Class D Certificates are issued, the Transferor shall have delivered an Opinion of Counsel addressed to the Trustee, dated the date of such issuance, to the effect that such issuance will not adversely affect the tax characterization as debt of Investor Certificates of any outstanding Series or Class with respect to which an Opinion of Counsel addressed to the Trustee was delivered at the time of their issuance that such Investor Certificates would be characterized as debt, cause the Trust to be classified, for federal income tax purposes, as an association (or publicly traded partnership) taxable as a corporation, and cause or constitute an event in which gain or loss would be recognized by any Certificateholder; and (iv) on or before the date such Additional Class D Certificates are issued, the Transferor shall deliver to the Trustee an Officer's Certificate confirming the matters set forth in clause (i) above. The Trustee may conclusively rely on such certificate, shall have no duty to make inquiries with regard to matters set forth therein and shall incur no liability in so relying; and (v) consent of the Enhancement Provider shall have been obtained (but only to the extent that the Additional Class D Certificates are issued to satisfy the Required Cash Collateral Amount provision pursuant to the Loan Agreement).
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ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES. (a) On any day in the Revolving Period, the Trustee shall issue to the Transferor for execution, upon the Transferor's request, and the Trustee shall authenticate and deliver, in accordance with the Transferor's instructions, Additional Class D Certificates as provided below.
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ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES. Additional Class D Certificates may be issued, executed and delivered upon satisfaction of the following conditions:
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ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES. (a) On any day in the Revolving Period, the Trustee shall issue to the Transferor for execution, upon the Transferor's request, and the Trustee shall authenticate and deliver, in accordance with the Transferor's instructions, an additional principal amount of Class D Certificates ("Additional Class D Certificates") as provided below. (b) Additional Class D Certificates may be issued, executed and delivered upon satisfaction of the following conditions: (i) after giving effect to the issuance of such Additional Class D Certificates, the Transferor Amount shall be at least equal to the Minimum Transferor Amount and the Aggregate Principal Receivables shall be at least equal to the Minimum Aggregate Principal Receivables; (ii) the Transferor shall have given notice by 10:00 A.M., New York City time, on the date such Additional Class D Certificates are to be issued to the Trustee, the
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Related to ADDITIONAL ISSUANCES OF CLASS D CERTIFICATES

  • Additional Issuances of Notes Subject to clauses (ii), (iii), (iv) and (v) of Section 2.02 and Section 2.03 of the Indenture Supplement, the Issuer may issue additional Class A(2019-1) Notes, so long as the following conditions precedent are satisfied: (a) the Issuer shall have given the Indenture Trustee written notice of such issuance of additional Class A(2019-1) Notes (the “Notice of Additional Issuance”) at least one (1) Business Day in advance of the Issuance Date thereof, which notice shall include: (i) the Issuance Date of such additional Class A(2019-1) Notes; (ii) the amount of such additional Class A(2019-1) Notes being offered and the resulting Initial Dollar Principal Amount and Stated Principal Amount of Class A(2019-1) Notes; (iii) the date from which interest on such additional Class A(2019-1) Notes will accrue (which may be a date prior to the date of issuance thereof); (iv) the first Interest Payment Date on which interest will be paid on such additional Class A(2019-1) Notes; and (v) any other terms that the Issuer set forth in such notice of issuance of additional Class A(2019-1) Notes to clarify the rights of Holders of such additional Class A(2019-1) Notes or the effect of such issuance of additional Class A(2019-1) Notes on any calculations to be made with respect to the Class A(2019-1) Notes, the Class A Notes or the Issuer. All such terms shall be incorporated into and form a part of this Terms Document on and after the effective date of such Class A(2019-1) Notes; (b) no Class A(2019-1) Adverse Event has occurred and is continuing; and (c) either (i) the issuance of such additional Class A(2019-1) Notes would be treated as part of the same issue as the outstanding Class A(2019-1) Notes under Treasury Regulation Sections 1.1275-1(f)(1) or 1.1275-2(k) or (ii) such additional Class A(2019-1) Notes are not issued with “original issue discount” for purposes of Section 1273 of the Code. The Issuer shall not have to satisfy the conditions set forth in Section 310 of the Indenture in connection with an issuance of additional Class A(2019-1) Notes so long as such conditions were satisfied or waived in connection with the initial issuance of Class A(2019-1) Notes; provided, however, that the Issuer shall have to deliver to the Indenture Trustee a Master Trust Tax Opinion and an Issuer Tax Opinion with respect to such issuance.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • Additional Certificates The Company shall have furnished to the Agents such certificate or certificates, in addition to those specifically mentioned herein, as the Agents may have reasonably requested as to the accuracy and completeness at each Representation Date of any statement in the Registration Statement or the Prospectuses or any documents filed under the Exchange Act and Canadian Securities Laws and deemed to be incorporated by reference into the Prospectuses, as to the accuracy at such Representation Date of the representations and warranties of the Company herein, as to the performance by the Company of its obligations hereunder, or as to the fulfillment of the conditions concurrent and precedent to the obligations hereunder of the Agents.

  • LIBOR Certificates Notional Amount Certificates........... None. Notional Amount Components............. None. Offered Certificates................... All Classes of Certificates other than the Private Certificates. Physical Certificates.................. Class A-R Certificates and the Private Certificates. Planned Principal Classes.............. None.