Uncertificated Subsidiary Interests definition

Uncertificated Subsidiary Interests means the Class A-S1, M-S1, M-S2, B-S1 and B-S2 Interests, collectively.
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Uncertificated Subsidiary Interests means the Class S-1 and Class S-2 ----------------------------------- Interests, collectively.
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Uncertificated Subsidiary Interests means the Class S-1 and Class S-2 Interests, collectively.
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Examples of Uncertificated Subsidiary Interests in a sentence

  • The Uncertificated Subsidiary Interests shall be issued as nontransferable (except to a successor Trustee) uncertificated interests evidencing, as to each such Class, 100% of the interest in distributions required to made to such Class, and having the original Subsidiary Interest Principal Balance specified with respect to such Class of Uncertificated Subsidiary Interests.

  • The Uncertificated Subsidiary Interests shall be "regular interests" in the Subsidiary REMIC and the Class C Subsidiary Certificates shall be the "residual interest" in the Subsidiary REMIC.

  • The Seller does not represent that any Class of Uncertificated Subsidiary Interests will, in fact, mature on any given date, except that each regular interest of the Subsidiary REMIC will absolutely mature by the Assumed Final Maturity Date as indicated above.

  • The Company does not represent that any Class of Uncertificated Subsidiary Interests will, in fact, mature on any given date.

  • The expected final maturity of each Class of Uncertificated Subsidiary Interests as set forth above is based on the assumptions that there are no defaults, prepayments or delinquencies with respect to payments due under the Contracts, and that the repurchase option is not exercised.

  • The Uncertificated Subsidiary Interests shall be issued as nontransferable (except to a successor Trustee) uncertificated interests evidencing, as to each such Class, 100% of the interest in distributions required to made to such Class, and having the Original Principal Balance specified with respect to such Class of Uncertificated Subsidiary Interests.

  • The Trustee acknowledges receipt of the Uncertificated Subsidiary Interests (each of which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Uncertificated Intermediate Interests and Holder of the Class R-II Interest.

  • The Uncertificated Subsidiary Interests are being issued in 10 classes and are hereby designated by the Company as constituting the "regular interests" in the Subsidiary REMIC for the purposes of Section 860G(a)(1) of the Code.

  • The Seller does not represent that any Class of Uncertificated Subsidiary Interests or Class P(F) or Class P(V) Interest will, in fact, mature on any given date, except that each regular interest of the Subsidiary REMIC will absolutely mature by the Assumed Final Maturity Date as indicated above.

  • The Uncertificated Subsidiary Interests are being issued in 13 classes and are hereby designated by the Company as constituting the "regular interests" in the Subsidiary REMIC for the purposes of Section 860G(a)(1) of the Code.


More Definitions of Uncertificated Subsidiary Interests

Uncertificated Subsidiary Interests means the Class A-S1, Class A-S2, Class A-S3, Class A-S4, Class A-S5, Class A-S6, Class A-S7, M-S1, M-S2, B-S1 and B-S2 Interests, collectively.
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Uncertificated Subsidiary Interests means the Class ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, M-S1, B-S1 and B-S2 Interests, collectively.
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Related to Uncertificated Subsidiary Interests

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

  • Uncertificated Interest With respect to any REMIC I Regular Interest for any Distribution Date, one month's interest at the REMIC I Remittance Rate applicable to such REMIC I Regular Interest for such Distribution Date, accrued on the Uncertificated Balance thereof immediately prior to such Distribution Date. Uncertificated Interest in respect of any REMIC I Regular Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day months. Uncertificated Interest with respect to each Distribution Date, as to any REMIC I Regular Interest, shall be reduced by an amount equal to the sum of (a) the aggregate Prepayment Interest Shortfall, if any, for such Distribution Date to the extent not covered by payments pursuant to Section 3.24 and (b) the aggregate amount of any Relief Act Interest Shortfall, if any allocated, in each case, to such REMIC I Regular Interest pursuant to Section 1.02. In addition, Uncertificated Interest with respect to each Distribution Date, as to any REMIC I Regular Interest shall be reduced by Realized Losses, if any, allocated to such REMIC I Regular Interest pursuant to Section 1.02 and Section 4.04.

  • Foreign Subsidiary Voting Stock the voting Capital Stock of any Foreign Subsidiary.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.