Maximum Certificate Balance definition

Maximum Certificate Balance. With respect to any Class of Exchangeable Certificates, as of the Closing Date, the original maximum Certificate Balance of such Class as set forth in the table under the heading “Grantor Trust” in the Preliminary Statement, and as of any date of determination subsequent to the Closing Date, the Certificate Balance of such Class that would be outstanding as of such date of determination assuming the Maximum Certificate Balance of such Class had been issued on the Closing Date and no exchanges in accordance with Section 5.13 subsequently occurred. For purposes of clarification, the Maximum Certificate Balance of any Class of Exchangeable Certificates as of any date of determination is expected to equal the product of (i) the VRR Allocation Percentage, multiplied by (ii) the then Certificate Balance or aggregate Certificate Balance, as applicable, of the Related Regular Certificates.
View Source
Maximum Certificate Balance means the initial Certificate Balance plus 14.5% of the Principal Balance of all Subsequent Receivables transferred to the Issuer, calculated as of the final Subsequent Transfer Date.
View Source
Maximum Certificate Balance with respect to any Certificate, the amount designated as such on the face of such Certificate.
View Source

Examples of Maximum Certificate Balance in a sentence

  • At all times following the Closing Date until a liquidation of the Trust, the General Partner Certificates shall represent in excess of 1% of the Maximum Certificate Balance.

  • The acceptance of a Certificate shall obligate the Certificateholder to contribute capital from time to time in immediately available funds in an aggregate amount up to the Maximum Certificate Balance thereof.


More Definitions of Maximum Certificate Balance

Maximum Certificate Balance. $32,272,300.
View Source

Related to Maximum Certificate Balance

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an E▇ ▇▇▇▇▇ III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Certificate Balance As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

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

  • Initial Certificate Balance means $[ ].