THE CERTIFICATES AND THE CLASS C CERTIFICATES Sample Clauses

This clause defines and distinguishes between the Certificates and the Class C Certificates within the context of a financial or securitization agreement. It typically outlines the characteristics, rights, and obligations associated with each type of certificate, such as payment priorities, voting rights, or entitlement to distributions. For example, Class C Certificates may have a subordinate claim on cash flows compared to other classes. The core function of this clause is to clearly allocate rights and responsibilities among different classes of certificate holders, thereby ensuring transparency and reducing the risk of disputes.
THE CERTIFICATES AND THE CLASS C CERTIFICATES. SECTION 9.01. The Certificates and the Class C Certificates. The Class A, the Class M, the Class B and the Class C Certificates shall be substantially in the forms set forth in Exhibits A-1, A-2, A-3, B, C and I, as applicable, and shall, on original issue, be executed by the Trustee on behalf of the Trust to or upon the order of the Originator. The Group I Fixed Rate Loans, Group I Adjustable Rate Loans and Group II Adjustable Rate Loans together and the Group II Fixed Rate Loans separately shall be deemed to be separate sub-trusts under the Trust. The Class A, the Class M and the Class B Certificates shall be evidenced by (i) one or more Class A-1A ARM Certificates evidencing $175,000,000 in Original Class A-1A ARM Principal Balance, (ii) one or more Class A-1B ARM Certificates evidencing $75,000,000 in Original Class A-1B ARM Principal Balance, (iii) one or more Class A-1 Certificates evidencing $88,000,000 in Original Class A-1 Principal Balance, (iv) one or more Class A-2 Certificates evidencing $124,500,000 in Original Class A-2 Principal Balance, (v) one or more Class A-3 Certificates evidencing $39,368,000 in Original Class A-3 Principal Balance, (vi) one or more Class A-3A Certificates evidencing $95,881,580 in Original Class A-3A Principal Balance, (vii) one or more Class A-4 IO Certificates evidencing a Class A-4 IO Original Notional Principal Amount of $75,000,000, (viii) one or more Class M-1 Certificates evidencing $42,375,000 in Original Class M-1 Principal Balance, (ix) one or more Class M-2 Certificates evidencing $43,875,000 in Original Class M-2 Principal Balance, (x) one or more Class B-1 Certificates evidencing $26,250,000 in Original Class B-1 Principal Balance and (xi) one or more Class B-2 Certificates representing $28,500,420 in Original Class B-2 Principal Balance, beneficial ownership of such Classes of Certificates (other than the Class B-2 Certificates) to be held through Book-Entry Certificates in minimum dollar denominations of $1,000 and integral multiples of $1.00 in excess thereof. The Class C Subsidiary Certificate shall be evidenced by a single Class C Certificate issued on the Closing Date to the Originator and shall represent 100% of the Percentage Interest of the Class C Subsidiary Certificates. The Class C Master Certificate shall be evidenced by a single Class C Certificate issued on the Closing Date to the Originator and shall represent 100% of the Percentage Interest of the Class C Master Certificates. The Certifi...
View SourceView Similar (4)
THE CERTIFICATES AND THE CLASS C CERTIFICATES. SECTION 9.01. 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 ▇▇▇▇▇▇▇▇ ▇, ▇, ▇, ▇-▇, ▇-▇, ▇-▇, 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 $44,331,000 in Original Class HI: A-1 Principal Balance, (ii) one or more Class HI: A-2 Certificates representing $30,710,000 in Original Class HI: A-2 Principal Balance, (iii) one or more Class HI: A-3 Certificates representing $32,959,000 in Original Class HI: A-3 Principal Balance, (iv) one or more Class HI: M-1 Certificates representing $10,800,000 in Original Class HI: M-1 Principal Balance, (v) one or more Class HI: M-2 Certificates representing $6,750,000 in Original Class HI: M- 2 Principal Balance, (vi) one or more Class HI: B-1 Certificates representing $6,412,000 in Original Class HI: B-1 Principal Balance, (vii) one or more Class HI: B-2 Certificates representing $3,038,000 in Original Class HI: B-2 Principal Balance, (viii) one or more Class HE: A-1 ARM Certificates representing $130,000,000 in Original Class HE: A-1 ARM Principal Balance, (ix) one or more Class HE: A-1 Certificates representing $210,936,000 in Original Class HE: A-1 Principal Balance, (x) one or more Class HE: A-2 Certificates representing $123,694,000 in Original Class HE: A-2 Principal Balance, (xi) one or more Class HE: A-3 Certificates representing $72,254,000 in Original Class HE: A-3 Principal Balance, (xii) one or more Class HE: A-4 Certificates representing $10,789,000 in Original Class HE: A-4 Principal Balance, (xiii) one or more Class HE: A-5 Certificates representing $14,077,000 in Original Class HE: A-5 Principal Balance; (xiv) one or more Class HE: A-6 Certificates representing $35,000,000 in Original Class HE: A-6 Principal Balance; (xv) one or more Class HE: A-7 IO Certificates representing $35,000,000 in Original Class HE: A-7 IO Notional Amount; (xvi) one or more Class HE: M-1 Certificates representing $42,560,000 in Original Class HE: M-1 Principal Balance, (xvii) one or more Class HE: M-2 Certificates representing $26,390,000 in Original Class HE: M-2 Principal Balance, (xvii...
View Source
THE CERTIFICATES AND THE CLASS C CERTIFICATES. SECTION 9.01. The Certificates and the Class C Certificates. The Class A, the Class M, the Class B and the Class C Certificates shall be substantially in the forms set forth in Exhibits A, B, C and I, 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 Class A, the Class M and the Class B Certificates shall be evidenced by (i) one or more Class A-1 Certificates evidencing $216,000,000 in Original Class A-1 Principal Balance, (ii) one or more Class A-2 Certificates evidencing $42,000,000 in Original Class A-2 Principal Balance, (iii) one or more Class A-3 Certificates evidencing $124,000,000 in Original Class A-3 Principal Balance, (iv) one or more Class A-4 Certificates evidencing $84,500,000 in Original Class A-4 Principal Balance, (v) one or more Class M-1 Certificates evidencing $48,000,000 in Original Class M-1 Principal Balance, (vi) one or more Class M-2 Certificates evidencing $28,500,000 in Original Class M-2 Principal Balance, (vii) one or more Class B-1 Certificates evidencing $18,000,000 in Original Class B-1 Principal Balance and (viii) one or more Class B-2 Certificates evidencing $39,000,000 in Original Class B-2 Principal Balance, beneficial ownership of such Classes of Certificates (other than the Class B-2 Certificates) to be held through Book-Entry Certificates in minimum dollar denominations of $1,000. The Class C Certificates shall be evidenced by a single Class C Certificate issued on the Closing Date to the Company and shall represent 100% of the Percentage Interest of the Class C Certificates. 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 the 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 Certificates or Class C Certificates, or did not hold such offices at the date of such Certificates or Class C Certificates. No Certificate or Class C Certificate 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 Certificates or C...
View Source

Related to THE CERTIFICATES AND THE CLASS C 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.

  • 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.

  • Form of the Certificates (a) The Certificates shall be substantially in the form of Exhibit A. The Certificates shall represent the entire beneficial interest in the Trust. The Certificates shall be executed on behalf of the Trust by manual or facsimile signature of a Responsible Officer of the Owner Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be duly issued, fully paid and non-assessable beneficial interests in the Trust, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates. (b) The Certificates shall be typewritten, printed, lithographed or engraved or produced by any combination of these methods (with or without steel engraved borders) all as determined by the officers executing such Certificates, as evidenced by their execution of such Certificates. The Certificates shall be fully registered. (c) The Certificates shall be issued in fully-registered form. The terms of the Certificates set forth in Exhibit A shall form part of this Agreement.

  • 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.

  • Membership Certificates This LLC shall be authorized to obtain and issue certificates representing or certifying membership interests in this LLC. Each certificate shall show the name of the LLC, the name of the member, and state that the person named is a member of the LLC and is entitled to all the rights granted members of the LLC under the Articles of Organization, Certificate of Formation or a similar organizational document, this operating agreement and provisions of law. Each membership certificate shall be consecutively numbered and signed by one or more officers of this LLC. The certificates shall include any additional information considered appropriate for inclusion by the members on membership certificates. In addition to the above information, all membership certificates shall bear a prominent legend on their face or reverse side stating, summarizing or referring to any transfer restrictions that apply to memberships in this LLC under the Articles of Organization, Certificate of Formation or a similar organizational document and/or this operating agreement, and the address where a member may obtain a copy of these restrictions upon request from this LLC. The records book of this LLC shall contain a list of the names and addresses of all persons to whom certificates have been issued, show the date of issuance of each certificate, and record the date of all cancellations or transfers of membership certificates.