Initial Class C Holder definition

Initial Class C Holder shall have the meaning assigned thereto in the preamble of this Agreement.
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Initial Class C Holder means Delta 2003-1 Class C Certificate Trust, a Delaware statutory trust organized pursuant to the Class C Statutory Trust Agreement, as the sole initial purchaser and holder of the Class C Certificates.
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Initial Class C Holder means the partyHolder or beneficial owner of Class C Notes on
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Examples of Initial Class C Holder in a sentence

  • The Initial Class C Holder shall have received an executed copy of each document described in Section 6 of the Senior Certificate Purchase Agreement (excluding Section 6(j) and the second sentence of Section 6(e) but including reliance letters on all opinions delivered to the Rating Agencies).

  • The Servicer has delivered to the Initial Class C Holder complete and correct copies of the audited consolidated balance sheet and audited consolidated statement of income of Charming Shoppes, Inc.

  • Each of the Initial Class C Holders shall have received an executed copy of each document set forth in Schedule II hereto (including reliance letters (if such Initial Class C Holder is not included as an addressee) on all opinions delivered to the Rating Agencies).

  • Sections 3.1 through 3.4 constitute conditions precedent to the obligation of the Third Party Investors to purchase interests in the Class C Certificates from the Initial Class C Holder on the Investor Purchase Date.

  • The Initial Class C Holder shall have received such additional certificates, letters or opinions as it or its counsel may reasonably request.

  • On or prior to the Closing Date (i) all Series 2004-1 Certificates shall have been duly executed and authenticated and delivered in accordance with Section 6.2 of the Pooling and Servicing Agreement, (ii) the Class C Certificates shall have been delivered to the Initial Class C Holder in accordance with the terms hereof, and (iii) the Class A Certificates, Class M Certificates and Class B Certificates shall have been sold pursuant to the Senior Certificate Purchase Agreement.

  • On the Closing Date, the Initial Class C Holder shall have received from the Trustee satisfactory evidence of the establishment of the Class C Spread Account.

  • The Initial Class C Holder shall have received a certificate from the Trustee, in form and substance reasonably satisfactory to it covering the incumbency and specimen signatures of its officers executing such documents.

  • Sections 4.1 through 4.10 constitute conditions precedent to the obligation of the Initial Class C Holder to purchase the Class C Certificates on the Closing Date.

  • The Initial Class C Holder shall have received a copy of the letter of Ernst & Young, delivered pursuant to Section 6(m) of the Senior Certificate Purchase Agreement.


More Definitions of Initial Class C Holder

Initial Class C Holder means any person who received shares of Class C Common Stock in exchange for its shares of Series A Preferred Stock, par value $0.01 per share, of the Company pursuant to the terms of such Series A Preferred Stock.
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Related to Initial Class C Holder

  • Initial Class D Note Balance means $126,080,000.

  • Initial Class C Note Balance means $178,840,000.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.