Common use of The Certificates and Class C Certificates Clause in Contracts

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-2 Certificates, July 15, 2027. The Company does not represent that any Class of Certificates will, in fact, mature on any given date. 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 be entitled to any benefit under this Agreement, or be valid for any purpose, unless such Certificate or Class C Certificate has been executed by manual signature in accordance with this Section, and such signature upon any Certificate or Class C Certificate shall be conclusive evidence, and the only evidence, that such Certificate or Class C Certificate has been duly executed and delivered hereunder. All Certificates and Class C Certificates shall be dated the date of their execution, except for those Certificates and Class C Certificates executed on the Closing Date, which shall be dated the Closing Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Green Tree Financial Corp)

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 followsis: 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-2 Certificates, July 15, 2027. The Company does not represent that any Class of Certificates will, in fact, mature on any given date. 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 be entitled to any benefit under this Agreement, or be valid for any purpose, unless such Certificate or Class C Certificate has been executed by manual signature in accordance with this Section, and such signature upon any Certificate or Class C Certificate shall be conclusive evidence, and the only evidence, that such Certificate or Class C Certificate has been duly executed and delivered hereunder. All Certificates and Class C Certificates shall be dated the date of their execution, except for those Certificates and Class C Certificates executed on the Closing Date, which shall be dated the Closing Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Green Tree Financial Corp)