Residual Interest Holder definition

Residual Interest Holder. Any holder of a Residual Certificate or Uncertificated Interest.
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Residual Interest Holder means, individually and collectively, the Person or Persons in whose name(s) the Residual Interest shall be registered in the Residual Interest Register.
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Residual Interest Holder and "Certificateholders". Notes, interests in the Residual Interest and Certificates so owned by or pledged to the Transferor or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, the Residual Interest or the Certificates.
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Examples of Residual Interest Holder in a sentence

  • If any purported transferee shall become a registered Residual Interest Holder in violation of the provisions of this Section 3.03(f), then upon receipt of written notice to the Certificate Registrar that the registration of transfer of such Residual Interest was not in fact permitted by this Section 3.03(f), the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of such registration of transfer of such Residual Interest.

  • To the extent that such taxes are not paid by a Residual Interest Holder, the Trustee or the Paying Agent shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Residual Interest Holder in any such REMIC or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.

  • No creditor of the Owner or the Residual Interest Holder shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to any property of the Trust.

  • Neither the Owner nor the Residual Interest Holder shall have legal title to any part of the Trust Estate or any interest in specific property comprising the Trust Estate.

  • No transfer by operation of law or otherwise of any interest of the Owner or the Residual Interest Holder shall operate to terminate this Agreement or the Trust hereunder or entitle any transferee to any accounting or to the transfer to it of any part of the Trust Estate.

  • In the event that a "tax matters partner" (within the meaning of Code Section 6231(a)(7)) is required to be appointed with respect to the Trust, the Transferor is hereby designated as tax matters partner or, if the Transferor is not a Residual Interest Holder, the Transferor to the extent its tax liability is affected thereby and otherwise the successor Residual Interest Holder owning the largest percentage interest in the partnership, shall be designated as tax matters partner.

  • The Transferor (or such successor Residual Interest Holder, as applicable) shall promptly sign, or cause to be signed pursuant to Section 15.04(a), such returns and deliver such returns after signature to the Administrator, on behalf of the Trust, and such returns shall be filed by the Administrator, on behalf of the Trust, with the appropriate tax authorities.

  • The Transferor agrees that the representations shall also be for the benefit of the Secured Parties, the Residual Interest Holder and the Certificateholders.

  • RED FALCON TRUST By: Blue Heron Designated Activity Company, in its capacity as Residual Interest Holder By: Name: Title: Date Amount of Advance Outstanding Principal Balance Interest Rate Interest Period Notation Made By ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [ ], 20[ ] (“Agreement”), by and between [ ], a [ ] (“Assignor”), and [ ], a [ ] (“Assignee”).

  • Upon sending or receiving any such notice, the Indenture Trustee shall promptly send a copy thereof to the Owner Trustee, the Rating Agencies, the Servicer, the Back-up Servicer and to each Noteholder, each Residual Interest Holder and each Certificateholder.


More Definitions of Residual Interest Holder

Residual Interest Holder refers to those Persons or entities set forth on Schedule A below the heading “Residual Interest Holder.” For purposes of determining the Call Per Share Price and the Select Call Per Share Price, Residual Interest Holders are deemed to own that number of shares of Common Stock set forth opposite their name on Schedule A.
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Residual Interest Holder. Except as otherwise provided in the related Terms Indenture, with respect to any Series for which an election has been made or will be made to treat the Issuer or Trust Estate securing the Series as a REMIC, the owner or assignee of a Residual Interest or an undivided interest in the Residual Interest, provided however, that with respect to any Series for which an election has been made or will be made to treat the Issuer or Trust Estate securing the Series as a REMIC, a Residual Interest Holder must be a Permitted Transferee.
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Residual Interest Holder means Contingent Settlements I, LLC.
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Related to Residual Interest Holder

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Residual Interests means 1 or more of the following as provided in any sale agreement: