Applicable Trust definition

Applicable Trust. Has the meaning specified in the recitals hereto.
Applicable Trust has the meaning specified in Section 2.01 of this Trust Supplement.
Applicable Trust. Has the meaning specified in the recitals hereto. ASSIGNMENT AND ASSUMPTION AGREEMENT: Means the assignment and assumption agreement substantially in the form of Exhibit C to the Related Pass Through Trust Supplement executed and delivered in accordance with Section 7.01 of the Related Trust Supplement.

Examples of Applicable Trust in a sentence

  • The parties hereto intend that the Applicable Trust be classified for U.S. federal income tax purposes as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of 1986, as amended, and not as a trust or association taxable as a corporation or as a partnership.

  • The provisions of this Section 5.01(a) supersede and replace the first sentence of Section 3.02(a) of the Basic Agreement, with respect to the Applicable Trust.

  • Section 5.02 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by (i) replacing the phrase “of the Note Documents and of this Agreement” set forth in paragraph (b) thereof with the phrase “of the Note Documents, of the NPA and of this Agreement” and (ii) replacing the phrase “of this Agreement and any Note Document” set forth in the last paragraph of Section 5.02 with the phrase “of this Agreement, the NPA and any Note Document”.

  • All replacements of provisions of, and other modifications of the Basic Agreement set forth in this Trust Supplement are solely with respect to the Applicable Trust.

  • Section 6.05 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase “and thereby annul any Direction given by such Certificateholders or the Trustee to such Loan Trustee with respect thereto,” set forth in the first sentence thereof.


More Definitions of Applicable Trust

Applicable Trust has the meaning set forth on Schedule A-2.
Applicable Trust means (i) with respect to Xxxx Xxxxxxx, the J&J Xxxxxxx Trust; and (ii) with respect to Xxxxxx Xxxxxxx, the Xxxxxxx Family Trust.
Applicable Trust means any Trust which has assigned to Lender its right, title and interest in and to any Contract or Instrument.
Applicable Trust means either the BCSP IV Illinois Trust, the 10/120 Trust or the OFP Trust, to the extent applicable.
Applicable Trust means the trust operated pursuant to the JLW Procon Trust Deed or JLW Transact Trust Deed, as applicable.
Applicable Trust means the trust operated pursuant to the Transact (NZ) Trust Deed or Transact (AUS) Trust Deed, as applicable.
Applicable Trust means each statutory trust and each separate pass through trust created under the Applicable Trust Agreements.