Administration of the Trust Property Sample Clauses

Administration of the Trust Property. The Trustee shall administer the Trust Property for the benefit of the Certificateholders. The Trustee shall make reasonable effort to collect all payments required to be made pursuant to the terms of the CRB Certificates and the Pooling and Servicing Agreement in a manner consistent with the terms of the Pooling and Servicing Agreement and such CRB Certificates. In connection with its receipts of any funds distributed in respect of a CRB Certificate on any Payment Date, the Trustee shall review the related CRB Certificate Statement and shall confirm that the principal and interest payments received on such Payment Date are equal to the distribution amount shown on the related CRB Certificate Statement. If (i) the amount of any distribution on a CRB Certificate varies from the amount reported to the Trustee on the applicable CRB Certificate Statement for such distribution, (ii) the Trustee shall not have received a distribution on any CRB Certificate by the close of business on the date on which such distribution was to be received by the Trustee of (iii) the Trustee shall gain actual knowledge of any other default or event of default under the Pooling and Servicing Agreement, the Trustee shall promptly notify the Depositor and the Certificateholders and shall proceed in accordance with the provisions hereof, including Section 5.01(c), (d) and (e).
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Administration of the Trust Property. Distributions and Reports to Certificateholders -----------------------------------------------
Sample 1
Administration of the Trust Property. The Owner Trustee shall administer the Trust Property for the benefit of the Certificateholders, subject to the rights of the Noteholders pursuant to the Notes and the Indenture. The Owner Trustee shall make reasonable effort to collect all payments required to be made pursuant to the terms of the CRB Securities and the Pooling and Servicing Agreement in a manner consistent with the terms of the Pooling and Servicing Agreements and such CRB Securities. In connection with its receipts of any funds distributed in respect of a CRB Security on any CRB Security Payment Date, the Owner Trustee shall review the related CRB Security Statement and shall confirm that the principal and interest payments received on such CRB Security Payment Date are equal to the distribution amount shown on the related CRB Security Statement. If (i) the amount of any distribution on a CRB Security varies from the amount reported to the Owner Trustee on the applicable CRB Security Statement for such distribution, (ii) the Owner Trustee shall not have received a distribution on any CRB Security by the close of business on the date on which such distribution was to be received by the Owner Trustee or (iii) the Owner Trustee shall gain actual knowledge of any other default or event of default under the Pooling and Servicing Agreement, then the Owner Trustee shall promptly notify the Depositor and the Certificateholders and shall proceed in accordance with the provisions hereof, including Section 5.01(c), (d) and (e).
Sample 1

Related to Administration of the Trust Property

  • Administration of the Trust Fund Section 4.01

  • Administration of the Trust Section 3.01

  • Administration and Servicing of the Trust Fund Section 3.01 Master Servicer to Act as Master Servicer; Special

  • Creation of the Trust The Trust is hereby created and shall be known as “WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust”. The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities, all as provided by and subject to the terms of this Agreement:

  • Administration of Trust The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

  • Protection of Trust Estate The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action necessary or advisable to:

  • Acquisition of Trust Property (a) The Trustee is hereby irrevocably authorized and directed to execute and deliver the Assignment and Assumption Agreement on the date specified in Section 7.01 of the Related Pass Through Trust Supplement, subject only to the satisfaction of the conditions set forth in said Section 7.01. The Agreement (except only for this sentence and the immediately preceding sentence hereof, which are effective upon execution and delivery hereof) shall become effective upon the execution and delivery of the Assignment and Assumption Agreement by the Trustee and the Related Trustee, automatically and without any further signature or action on the part of the Company and the Trustee, and shall thereupon constitute the legal, valid and binding obligation of the parties hereto enforceable against each of the parties hereto in accordance with its terms. Upon such execution and delivery of the Assignment and Assumption Agreement, the Related Trust shall be terminated, the Applicable Certificateholders shall receive beneficial interests in the Applicable Trust in exchange for their interests in the Related Trust equal to their respective beneficial interests in the Related Trust and the “Outstanding” (as defined in the Related Pass Through Trust Agreement) pass through certificates representing fractional undivided interests in the Related Trust shall be deemed for all purposes of the Agreement, without further signature or action of any party or Certificateholder, to be Certificates representing the same Fractional Undivided Interests in the Applicable Trust and Trust Property. By acceptance of its Applicable Certificate, each Applicable Certificateholder consents to and ratifies such assignment, transfer and delivery of the trust property of the Related Trust to the Trustee upon the execution and delivery of the Assignment and Assumption Agreement. The provisions of this Section 5.01(a) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes or Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust.

  • Optional Preservation of the Trust Estate If the Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may, but need not, elect to maintain possession of the Trust Estate and continue to apply the proceeds thereof, in accordance with Sections 3.01 and 8.03. It is the desire of the parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such desire into account when determining whether or not to maintain possession of the Trust Estate. In determining whether to maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

  • Compensation of the Trustee The Trustee shall be entitled to (i) receive, and is authorized to pay to itself the amount of income or gain earned from the investment of funds in the Certificate Account and (ii) reimbursement of all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with this Agreement (including fees and expenses of its counsel and all persons not regularly in its employment), except for any expenses, disbursements and advances that either (i) arise from its negligence, bad faith or willful misconduct or (ii) do not constitute “unanticipated expenses” within the meaning of Treasury Regulation 1.860G-1(b)(3)(ii). The Custodians shall be compensated as separately agreed with the Depositor (or its affiliates).

  • Protection of Owner Trust Estate The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders, a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator and delivered to the Issuer, and will take such other action necessary or advisable to:

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