Underlying Trust Agreement definition

Underlying Trust Agreement. As to each Underlying REMIC Certificate, the trust agreement pursuant to which such Underlying REMIC Certificate was issued.

Underlying Trust Agreement. As to each Underlying REMIC Certificate, the trust agreement pursuant to which such Underlying REMIC Certificate was issued. US Bank: U.S. Bank National Association, a national banking association. U.S. Person: A “United States person” within the meaning of section 7701(a)(30) of the Code.

Underlying Trust Agreement means that certain Trust Agreement dated as of the Closing Date, among the Issuer, as settlor, the Administrator, the Trust Depositor and the Underlying Trustee.]

Examples of Underlying Trust Agreement in a sentence

• In the event that there will be any matter arising under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Pooled Securities, will not vote such Pooled Securities except upon direction to do so (which direction must not be inconsistent) from Holders representing at least 51% of the Voting Rights of the related Issue.

• In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificate shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.

• The plan shall provide for the actions required to be taken to effectuate such liquidation pursuant to this Agreement and the related Underlying Trust Agreement.

• Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under an Underlying Trust Agreement.

• In the event that any matter arises under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Mortgage-Backed Security, will not vote such Mortgage-Backed Security except upon direction to do so (which direction must not be inconsistent) from Holders of the affected Classes representing at least 51% of the Voting Rights of such Classes.

More Definitions of Underlying Trust Agreement

Underlying Trust Agreement. As to each of the Pooled Securities, the trust agreement or trust indenture pursuant to which such Pooled Securities were issued.

Underlying Trust Agreement. As to the Underlying RCR Certificate, the trust agreement pursuant to which such Underlying RCR Certificate was issued. US Bank: U.S. Bank National Association, a national banking association. U.S. Person: A “United States person” within the meaning of section 7701(a)(30) of the Code.

Underlying Trust Agreement. Any trust agreement in effect from time to time, including any amendment or applicable supplement, providing for the issuance of an Underlying GSE Security or a CPC.

Underlying Trust Agreement. As to each Mortgage-Backed Security, the trust agreement or trust indenture pursuant to which such Mortgage-Backed Security was issued. United States: The United States of America.

Underlying Trust Agreement. The trust agreement pursuant to which the Underlying Certificates were issued. US Bank: U.S. Bank National Association, a national banking association.

Underlying Trust Agreement. As to any Underlying REMIC Certificate or SMBS, the trust agreement pursuant to which such Underlying REMIC Certificate or SMBS was issued.

Underlying Trust Agreement. The trust agreement dated as of December 1, 2006, among the Depositor, the Underlying Master Servicer and the Underlying Trustee and attached as Exhibit J hereto.