AS TRUSTEE FOR definition

AS TRUSTEE FOR. (WITHOUT WRITTEN TRUST AGREEMENT) OR
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AS TRUSTEE FOR. (WITHOUT WRITTEN TRUST AGREEMENT) OR “PAYABLE ON DEATH” ACCOUNTS. This is an account owned by one (1) or more natural person(s), and is designated as an “As Trustee For” or “Payable on Death” account. The owner(s) of an “As Trustee For” account is/are the trustee(s) during his, her or their lifetimes. The owner(s) of a “Payable on Death” account is/are the original named owner(s) during his, her or their lifetimes. The account may have two (2) or more owners (i.e., trustees or original named owners), in which case it will be subject to the provisions regarding joint owners accounts, except as may be otherwise specified in this paragraph. For multiple party accounts, the right of survivorship shall exist as among joint owners (i.e., trustees or original named owners), joint beneficiaries, and joint payable-on-death payees, respectively, unless otherwise stated on the signature card. Thus, upon the death of one (1) of two (2) or more trustees or original named owners, that deceased trustee’s or original owner’s interest in the account and share of the funds in the account automatically go to the surviving trustee(s) or original named owner(s), and if there is more than one (1) surviving trustee or original named owner, the surviving trustees or original named owners shall each receive an equal share of the deceased trustee’s or original named owner’s funds. Upon the death of the last surviving trustee or original named owner, the account will then belong to the surviving beneficiary(ies) or payable-on-death payee(s), in equal shares. While living, the trustee(s) and original owner(s) will have all ownership rights in the account and in the funds therein, including, without limitation, the right to change beneficiaries or payable-on-death payees, TRUST ACCOUNT (WITH WRITTEN TRUST AGREEMENT). This is
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Examples of AS TRUSTEE FOR in a sentence

  • WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2019-GC41, as Note A-1 Holder By: Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer By: /s/ ▇▇▇▇▇ ▇.

  • U.S. BANK NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE FOR THE TRUST RELATING TO THE SPECIAL UNDERWRITING & RESIDENTIAL FINANCE SERIES 2007-AB1 By: --------------------------------- Name: ------------------------------- Title: ------------------------------ Solely with respect to Paragraph 4(11) ▇▇▇▇▇▇▇ ▇▇▇▇▇ MORTGAGE LENDING, INC.

  • W▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE HOLDERS OF THE M▇▇▇▇▇ S▇▇▇▇▇▇ CAPITAL I TRUST 2015-UBS8, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2015-UBS8, as Note A-1 Holder By: /s/ B▇▇▇▇▇▇ ▇.

  • LIMITED SIGNED FOR AND ON BEHALF OF PERPETUAL TRUSTEES AUSTRALIA LIMITED AS TRUSTEE FOR THE PUMA GLOBAL TRUST NO.

  • WILMINGTON TRUST, NATIONAL ASSOCIATION, SOLELY IN ITS CAPACITY AS TRUSTEE FOR THE BENEFIT OF THE HOLDERS OF THE GS MORTGAGE SECURITIES CORPORATION TRUST 2016-RENT, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2016-RENT, as Note A-1 Holder By: ▇▇▇▇▇ Fargo Bank, National Association, as Servicer By: /s/ ▇▇▇▇▇ ▇.

  • CITIBANK (NEW YORK STATE), AS TRUSTEE FOR THE STUDENT LOAN CORPORATION By /s/ ▇▇▇▇▇▇▇ ▇.

  • MASTER AGREEMENT dated as of April 30, 2007 between BEAR ▇▇▇▇▇▇▇ FINANCIAL PRODUCTS INC., a corporation organized under the laws of Delaware ("Bear ▇▇▇▇▇▇▇"), and ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, NOT INDIVIDUALLY, BUT SOLELY AS TRUSTEE FOR BEAR ▇▇▇▇▇▇▇ MORTGAGE FUNDING TRUST 2007-AR4 a common law trust organized under the laws of the State of New York ("Counterparty").

  • U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF THE GS MORTGAGE SECURITIES CORPORATION II, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2015-GC34, as Note A-1 Holder By: ▇▇▇▇▇ Fargo Bank, National Association, as Master Servicer By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Director ▇▇▇▇▇▇▇ SACHS MORTGAGE COMPANY, a New York limited partnership, as Initial Note A-2 Holder By: /s/ J.

  • WINCHESTER GLOBAL TRUST COMPANY LIMITED AS TRUSTEE FOR CADUCEUS CAPITAL TRUST By: OrbiMed Advisors LLC By /s/ ▇▇▇▇▇▇ ▇.

  • WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF THE BANK 2017-BNK4, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2017-BNK4, as Note A-1 Holder By: ▇▇▇▇▇ Fargo Bank, National Association, as Master Servicer By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ Title: Director ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, as Initial Note A-2 Holder By: /s/ ▇▇▇▇▇▇▇ ▇.

Related to AS TRUSTEE FOR

  • Indenture Trustee Fee means a monthly fee equal to 1/12th of $15,000, payable on each Payment Date.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in June 2022.

  • U.S. Trustee Fees means fees arising under 28 U.S.C. § 1930(a)(6) and, to the extent applicable, accrued interest thereon arising under 31 U.S.C. § 3717.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

  • Trustee Float Period With respect to the Distribution Date and the related amounts in the Distribution Account, the period commencing on the Business Day immediately preceding such Distribution Date and ending on such Distribution Date.