Base Trust definition

Base Trust. The corpus of the Trust created by this Trust Agreement, consisting of (i) the Mortgage Loans and all proceeds thereof and (ii) the Base Trust Account and all amounts held therein or credited thereto.
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Base Trust. The corpus of the trust created by this Trust Agreement, consisting of (i) the Assigned Rights and all proceeds thereof and (ii) the Net WAC Carryover Account and all amounts held therein or credited thereto.
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Base Trust. Agreement shall have the meaning specified in the Preliminary Statement to this Series Supplement.
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Examples of Base Trust in a sentence

  • To the extent that the Base Trust Account is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Base Trust Account shall be deemed to refer to credits and debits to the related books of the Trustee.

  • For federal income tax purposes, the Base Trust will be treated as a grantor trust under Subpart E, Part I of Subchapter J of the Code and not as an association taxable as a corporation.

  • The Trustee and the Certificateholders shall take any action or cause the Trust to take any action necessary to create and maintain the status of such portion of the Base Trust as a grantor trust for federal income tax purposes and shall assist each other as necessary to create or maintain such status.

  • Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no action with respect to the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller, which, at the time of such action, the Seller reasonably believes will have a material adverse effect on the holders of certificates in the Base Trust.

  • All amounts deposited from time to time in the Base Trust Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Base Trust Account as part of the Base Trust as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 3.04.

  • The Trustee and the Certificateholders shall take any action or cause the Trust to take any action necessary to create and maintain the status of the Base Trust as a grantor trust for federal income tax purposes and shall assist each other as necessary to create or maintain such status.

  • Name of Person Filing: Stein Roe & Farnham Incorporated, jointly on its own behalf and on behalf of SR&F Special Portfolio, a portfolio series of SR&F Base Trust Item 2(b).

  • The Trustee agrees to release any Mortgage Loan from the Lower Tier REMIC or Base Trust, as applicable, upon payment of the Purchase Price therefor in the event that such Mortgage Loan is the subject of a breach of a representation and warranty and an election has been made to repurchase the Mortgage Loan.

  • In this case , secured debt makes these unsophi�ticatedcreditors worse off because their risks are increased but they receive no addi tional compensation.

  • The IDS-RAM defines four different Security Profiles: Base Free, Base, Trust, and Trust+ (Managed Trust): » The “Base Free” Security Profile allows using IDS concepts and technologies outside the trusted business ecosystem (e.g. for research projects or for operation within a partic- ular security domain like an internal company network).


More Definitions of Base Trust

Base Trust. The corpus of one of the trusts created hereby consisting of (i) the Assigned Rights and (ii) the FC Class Additional Interest Account and amounts held therein or credited thereto.
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Related to Base Trust

  • Owner Trust means the trust created by this Agreement.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • 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;

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • state trust land means land owned by the state-

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • BMW means Bio-Medical Waste

  • Ford Credit means Ford Motor Credit Company LLC, a Delaware limited liability company.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Deutsche Bank means Deutsche Bank AG and its affiliated companies, as the context requires.

  • Vehicle Trust Agreement means that certain amended and restated trust agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006 between BMW Manufacturing L.P., as grantor and initial beneficiary, and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • ABS means asset-backed securities.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • Delaware Trustee means the Person identified as the “Delaware Trustee” in the preamble to this Trust Agreement, solely in its capacity as Delaware Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as herein provided.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.