Additional Interest Grantor Trust definition

Additional Interest Grantor Trust. That certain “grantor trust” (within the meaning of the Grantor Trust Provisions), the assets of which are the Additional Interest Grantor Trust Assets.
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Examples of Additional Interest Grantor Trust in a sentence

  • The Trustee acknowledges the assignment to it of the Mortgage Loans and the other property comprising REMIC I and the Additional Interest Grantor Trust, and declares that it holds and will hold the same in trust for the exclusive use and benefit of REMIC II as the holder of the REMIC I Regular Interests and present and future holders of the Certificates (other than the Class Z Certificates) and, as to the Additional Interest Grantor Trust, for the benefit of the Holders of the Class Z Certificates.

  • The Servicing Accounts shall not be considered part of the segregated pool of assets constituting REMIC I, REMIC II or the Additional Interest Grantor Trust.

  • Section 2.05 Conveyance of Mortgage Loans; Acceptance of REMIC I and Additional Interest Grantor Trust by Trustee................

  • Section 10.02 Administration of the Additional Interest Grantor Trust......

  • The Trustee acknowledges the assignment to it of the Mortgage Loans and the other property comprising REMIC I and the Additional Interest Grantor Trust, and declares that it holds and will hold the same in trust for the exclusive use and benefit of REMIC II as the holder of the REMIC I Regular Interests and present and future holders of the Certificates (other than the Class Z Certificates and, as to the Additional Interest Grantor Trust, for the benefit of the Holders of the Class Z Certificates.

  • Dallas, TX Loan; Acceptance of the Four Seasons Resort and Club - Dallas, TX Loan REMIC, REMIC I and Additional Interest Grantor Trust by Trustee.

  • Acceptance of each ED Loan REMIC, REMIC I and Additional Interest Grantor Trust by Trustee.

  • The Trustee acknowledges the assignment to it of the Mortgage Loans and the other property comprising each ED Loan REMIC and REMIC I and the Additional Interest Grantor Trust, and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future holders of the Certificates (other than the Class Z Certificates), and, as to the Additional Interest Grantor Trust, for the benefit of the Holders of the Class Z Certificates.

  • Administration of the Additional Interest Grantor Trust 293 ARTICLE XI.

Related to Additional Interest Grantor Trust

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Collateral Senior Additional Interest shall have the meaning specified in subsection 4.02(d).

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Collateral Interest Holder means the entity so designated in the Loan Agreement.

  • Shelf Additional Interest Date shall have the meaning set forth in Section 2(d) hereof.

  • Collateral Interest means a fractional undivided interest in the Trust which shall consist of the right to receive, (i) to the extent necessary to make the required payments to the Collateral Interest Holder under this Supplement, the portion of Collections allocable thereto under the Agreement and this Supplement and funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Supplement and (ii) amounts available for payment to the Collateral Interest Holder pursuant to subsections 4.07(k), 4.12(e), 4.12(f), 8.01(b), 8.02(a) and 8.02(b) or any other provision of this Supplement.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Collateral Additional Interest shall have the meaning specified in subsection 4.02(c).

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Grantor Trust means a Trust other than a RIC.

  • 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.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

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

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.