Applicable Trust definition

Applicable Trust. Has the meaning specified in the recitals hereto.
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Applicable Trust has the meaning specified in Section 2.01 of this Trust Supplement.
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Applicable Trust means the trust operated pursuant to the Transact (NZ) Trust Deed or Transact (AUS) Trust Deed, as applicable.
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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.

  • Section 3.09 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase “the Owner Trustees or the Owner Participants” in the second sentence thereof and adding in lieu thereof “the Liquidity Provider”.

  • Each Applicable Certificateholder and Investor, by its acceptance of its Applicable Certificate or a beneficial interest therein, agrees to treat the Applicable Trust as a grantor trust for all U.S. federal, state and local income tax purposes.

  • Each Applicable Certificate represents a Fractional Undivided Interest in the Applicable Trust created hereby.

  • The Applicable Certificates shall be the only instruments evidencing a Fractional Undivided Interest in the Applicable Trust.


More Definitions of Applicable Trust

Applicable Trust means either the BCSP IV Illinois Trust, the 10/120 Trust or the OFP Trust, to the extent applicable.
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Applicable Trust means the trust operated pursuant to the JLW Procon Trust Deed or JLW Transact Trust Deed, as applicable.
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Applicable Trust means any Trust which has assigned to Lender its right, title and interest in and to any Contract or Instrument.
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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.
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Applicable Trust has the meaning set forth on Schedule A-2.
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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.
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Related to Applicable Trust

  • Eligible Trust means - (i) a trust created by or in pursuance of the provisions of any law which is for the time being in force in any State, or (ii) a trust, the properties of which are vested in a treasurer under the Charitable Endowments Act 1890 (Act 6 of 1890), or (iii) a religious or charitable trust which is administered or controlled or supervised by or under the provisions of any law, which is for the time being in force relating to religious or charitable trusts or, (iv) any other trust, being an irrevocable trust, which has been created for the purpose of or in connection with the endowment of any property or properties for the benefit or use of the public or any section thereof, or (v) a trust created by a will which is valid and has become effective, or (vi) any other trust, being an irrevocable trust, which has been created by an instrument in writing and includes `depository' within the meaning of Clause(e) of Sub-section (1) of Section 2 of The Depository Act, 1996;

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • Irrevocable trust means a trust over which no person holds a power of revocation. A power holder's lack of capacity to exercise a power of revocation negates the power of revocation unless an agent of the power holder under a durable power of attorney, a conservator of the power holder, or a plenary guardian of the power holder is serving and the agent, conservator, or guardian is authorized to exercise the power of revocation.

  • Charitable Trustee means each Person, unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust from time to time to serve as a trustee of a Charitable Trust as provided by Section 8.3(a).

  • Income trust means a trust that is not a unitrust.

  • Class A Trust Has the meaning specified in the Intercreditor Agreement.

  • the Trust means the Trust hereby established and which shall be called the Law Society Public Purposes Trust Fund;

  • Grantor Trust means a Trust other than a RIC.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Applicable Certificate Has the meaning specified in Section 1.01 of this Trust Supplement.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Class A Trust Agreement Has the meaning specified in the Intercreditor Agreement.

  • Permitted Trust means a bona fide trust where each trustee is (i) a Qualified Stockholder, (ii) a Family Member, or (iii) a professional in the business of providing trustee services, including private professional fiduciaries, trust companies and bank trust departments.

  • Real Estate Investment Trust means that term as defined under section 856 of the internal revenue code.