Unaffiliated Certificateholder Clause Samples

The 'Unaffiliated Certificateholder' clause defines a certificateholder who is not connected to or controlled by the issuer, sponsor, or other key parties involved in a financial transaction. In practice, this clause typically sets out criteria or tests to determine whether a certificateholder is considered unaffiliated, such as restrictions on ownership percentages or relationships with related entities. Its core function is to ensure impartiality and independence among certificateholders, thereby preventing conflicts of interest and maintaining the integrity of the transaction structure.
Unaffiliated Certificateholder. Any Certificateholder other than the Depositor or an Affiliate of the Depositor.
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Related to Unaffiliated Certificateholder

  • Notification to Noteholders and Certificateholders Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee shall give prompt written notice thereof to the Noteholders and the Depositor, who promptly shall provide such notice to the Rating Agencies, and the Owner Trustee shall give prompt written notice thereof to the Certificateholders.

  • Depositor as Certificateholder The Depositor in its individual or any other capacity may become the owner or pledgee of Certificates and may otherwise deal with the Owner Trustee or its Affiliates as if it were not the Depositor.