The Certificates and Class C Certificates Clause Samples

This clause defines the nature and characteristics of the Certificates, with a particular focus on the Class C Certificates, within the context of a financial or securitization agreement. It typically outlines the rights, privileges, and obligations associated with holding these certificates, such as entitlement to certain payments, voting rights, or priority in the distribution of funds. For example, Class C Certificates may have a lower payment priority compared to other classes, or may be subject to specific restrictions or conditions. The core function of this clause is to clearly delineate the terms and hierarchy of the various certificates, thereby ensuring transparency and reducing the risk of disputes among certificate holders.
The Certificates and Class C Certificates. The Class A, the Class M-1, the Class B and the Class C Certificates shall be substantially in the forms set forth in Exhibits A, B, C and J, respectively, and shall, on original issue, be executed by the Trustee on behalf of the Trust to or upon the order of the Company. The Class A, the Class M-1 and the Class B Certificates shall be evidenced by (i) one or more Class A-1 Certificates representing $71,250,000 initial aggregate principal balance, (ii) one or more Class A-2 Certificates representing $40,000,000 initial aggregate principal balance, (iii) one or more Class A-3 Certificates representing $62,500,000 initial aggregate principal balance, (iv) one or more Class A-4 Certificates representing $96,900,000 initial aggregate principal balance, (v) one or more Class A-5 Certificates representing $21,200,000 initial aggregate principal balance, (vi) one or more Class A-6 Certificates representing $114,000,000 initial aggregate principal balance, (vii) one or more Class A-7 Certificates representing $101,150,000 initial aggregate principal balance, (viii) one or more Class M-1 Certificates representing $48,000,000 initial aggregate principal balance, (ix) one or more Class B-1 Certificates representing $24,000,000 initial aggregate principal balance, and (ix) one or more Class B-2 Certificates $21,051,865 initial aggregate principal balance, beneficial ownership of such Classes of Certificates to be held through Book- Entry Certificates in minimum dollar denominations of $1,000 and integral dollar multiples of $1,000 in excess thereof, except for one Class B-2 Certificate with a denomination representing the remainder of the Original Class B-2 Principal Balance. The Class C Certificates shall be issuable in Percentage Interests and shall be evidenced by a single Class C Certificate issued on the Closing Date to Green Tree Finance Corp.Two. The Certificates and the Class C Certificates shall be executed by manual signature on behalf of the Trustee by a duly authorized Responsible Officer or authorized signatory. Certificates or Class C Certificates bearing the signatures of individuals who were at any time the proper officers of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the execution and delivery of such Certificate or Class C Certificate or did not hold such offices at the date of such Certificates or Class C Certificates. No Certificate or Class C Certificates shall...
View SourceView Similar (14)
The Certificates and Class C Certificates. The Class A, the Class M-1, the Class B and the Class C Certificates shall be substantially in the forms set forth in Exhibits A, B, C and J, respectively, and shall, on original issue, be executed by the Trustee on behalf of the Trust to or upon the order of the Company. The Class A, the Class M-1 and the Class B Certificates shall be evidenced by (i) one or more Class A-1 Certificates representing $25,332,000 initial aggregate principal balance, (ii) one or more Class A-2 Certificates representing $6,282,000 initial aggregate principal balance, (iii) one or more Class A-3 Certificates representing $75,114,000 initial aggregate principal balance, (iv) one or more Class A-4 Certificates representing $65,972,000 initial aggregate principal balance, (v) one or more Class A-5 Certificates representing $90,960,000 initial aggregate principal balance, (vi) one or more Class A-6 Certificates representing $67,223,000 initial aggregate principal balance, (vii) one or more Class A-7 Certificates representing $136,617,000 initial aggregate principal balance, (viii) one or more Class M-1 Certificates representing $41,250,000 initial aggregate principal balance, (ix) one or more Class B-1 Certificates representing $22,000,000 initial aggregate principal balance, and (ix) one or more Class B-2 Certificates $19,250,000 initial aggregate principal balance, beneficial ownership of such Classes of Certificates to be held through Book-Entry Certificates in minimum dollar denominations of $1,000 and integral dollar multiples of $1,000 in excess thereof, except for one Class B-2 Certificate with a denomination representing the remainder of the Original Class B-2 Principal Balance. The Class C Certificates shall be issuable in Percentage Interests and shall be evidenced by a single Class C Certificate issued on the Closing Date to Green Tree Finance Corp.-Two. The expected final maturity of each Class of the Certificates based on the assumptions that there are no defaults, prepayments or delinquencies with respect to payments due under the Contracts are as follows: for the Class A-2 Certificates, September 15, 2000; for the Class A-3 Certificates, April 15, 2006; for the Class A-4 Certificates, February 15, 2010; for the Class A-5 Certificates, October 15, 2015; for the Class A-6 Certificates, January 15, 2020; for the Class A-7 Certificates, January 15, 2027; for the Class M-1 Certificates, January 15, 2027; for the Class B-1 Certificates, April 15, 2020; and for the Class B-...
View SourceView Similar (2)
The Certificates and Class C Certificates. The Class HI: A, the Class HI: M-1, the Class HI: M-2, the Class HI: B-1, the Class HI: B-2, the Class HE: A, the Class HE: M-1, the Class HE: M-2, the Class HE: B-1, the Class HE: B-2 and the Class C Certificates shall be substantially in the forms set forth in Exhibits A, B, C, D-1, D-2, D-3, E, F and L, as applicable, and shall, on original issue, be executed by the Trustee on behalf of the Trust to or upon the order of the Company. The Certificates shall be evidenced by (i) one or more Class HI: A-1 Certificates representing $41,250,000 in Original Class HI: A-1 Principal Balance, (ii) one or more Class HI: A-2 Certificates representing $28,000,000 in Original Class HI: A-2 Principal Balance, (iii) one or more Class HI: A-3 Certificates representing $14,850,000 in Original Class HI: A-3 Principal Balance, (iv) one or more Class HI: A-4 Certificates representing $35,900,000 in Original Class HI: A-4 Principal Balance, (v) one or more Class HI: M-1 Certificates representing $12,000,000 in Original Class HI: M-1 Principal Balance, (vi) one or more Class HI: M-2 Certificates representing $7,500,000 in Original Class HI: M-2 Principal Balance, (vii) one or more Class HI: B-1 Certificates representing $7,125,000 in Original Class HI: B-1 Principal Balance, (viii) one or more Class HI: B-2 Certificates representing $3,375,000 in Original Class HI: B-2 Principal Balance, (ix) one or more Class HE: A-1A ARM Certificates representing $15,000,000 in Original Class HE: A-1A ARM Principal Balance, (x) one or more Class HE: A-1B ARM Certificates representing $115,000,000 in Original Class HE: A-1B ARM Principal Balance, (xi) one or more Class HE: A-1 Certificates representing $95,000,000 in Original Class HE: A-1 Principal Balance, (xii) one or more Class HE: A-2 Certificates representing $21,000,000 in Original Class HE: A-2 Principal Balance, (xiii) one or more Class HE: A-3 Certificates representing $55,000,000 in Original Class HE: A-3 Principal Balance, (xiv) one or more Class HE: A-4 Certificates representing $18,000,000 in Original Class HE: A-4 Principal Balance, (xv) one or more Class HE: A-5 Certificates representing $16,000,000 in Original Class HE: A-5 Principal Balance; (xvi) one or more Class HE: A-6 IO Certificates representing $20,000,000 in Original Class HE: A-6 IO Notional Amount; (xvii) one or more Class HE: M-1 Certificates representing $24,000,000 in Original Class HE: M-1 Principal Balance, (xviii) one or more Class HE: M-2 Certificates repres...
View Source

Related to The Certificates and Class C Certificates

  • Class R Certificates Subordinated Certificates.... Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates.

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • 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.

  • The Certificates The Certificates shall be substantially in the forms attached hereto as exhibits. The Certificates shall be issuable in registered form, in the minimum denominations, integral multiples in excess thereof (except that one Certificate in each Class may be issued in a different amount which must be in excess of the applicable minimum denomination) and aggregate denominations per Class set forth in the Preliminary Statement. Subject to Section 9.02 hereof respecting the final distribution on the Certificates, on each Distribution Date the Trustee shall make distributions to each Certificateholder of record on the preceding Record Date either (x) by wire transfer in immediately available funds to the account of such holder at a bank or other entity having appropriate facilities therefor, if (i) such Holder has so notified the Trustee at least five Business Days prior to the related Record Date and (ii) such Holder shall hold (A) a Notional Amount Certificate, (B) 100% of the Class Certificate Balance of any Class of Certificates or (C) Certificates of any Class with aggregate principal Denominations of not less than $1,000,000 or (y) by check mailed by first class mail to such Certificateholder at the address of such holder appearing in the Certificate Register. The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized officer. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the countersignature and delivery of such Certificates or did not hold such offices at the date of such Certificate. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless countersigned by the Trustee by manual signature, and such countersignature upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly executed and delivered hereunder. All Certificates shall be dated the date of their countersignature. On the Closing Date, the Trustee shall countersign the Certificates to be issued at the direction of the Depositor, or any affiliate thereof. The Depositor shall provide, or cause to be provided, to the Trustee on a continuous basis, an adequate inventory of Certificates to facilitate transfers.

  • Other Certificates Any other certificates of approval, acceptance or compliance required by Lender from any Governmental Authority having jurisdiction over the Mortgaged Property and the Repairs.