Examples of Class A-1 Trust in a sentence
The Class A-1 Note Trustee, on its retirement or removal, must vest the Class A-1 Trust Fund or cause it to be vested in the Substitute Class A-1 Note Trustee and must deliver and assign to such Substitute Class A-1 Note Trustee as appropriate all books, documents, records and other property whatsoever relating to the Class A-1 Trust Fund.
Upon retirement or removal of the Class A-1 Note Trustee as trustee of the Class A-1 Trust, the Class A-1 Note Trustee is released from all obligations under this Deed arising after the date of the retirement or removal except for its obligation to vest the Class A-1 Trust Fund in the Substitute Class A-1 Note Trustee and to deliver all books and records relating to the Class A-1 Trust to the Substitute Class A-1 Note Trustee.
Each Certificate represents a Fractional Undivided Interest in the Class A-1 Trust created hereby.
Each Certificateholder of a Class A-1 Certificate, by its acceptance of its Class A-1 Certificate or a beneficial interest therein, agrees to treat the Class A-1 Trust as a grantor trust for all United States federal, state and local income tax purposes.
The Borrower shall, for federal income tax purposes, treat any Advances as a loan to the Subordination Agent on behalf of the Class A-1 Trust, unless otherwise required by law.