Examples of Class A-1 Trust in a sentence
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.
Without limiting any right of indemnity available by law to the Class A-1 Note Trustee, the Class A-1 Note Trustee is entitled to be indemnified from Class A-1 Trust Fund from and against all such the costs, expenses, charges, stamp duties and other Taxes and liabilities.
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.
Each Certificate represents a Fractional Undivided Interest in the Class A-1 Trust created hereby.
Conversion of Money): Where necessary or expedient in order to fulfil its obligations under this Deed or any Transaction Document the Class A-1 Note Trustee may convert any moneys forming part of the Class A-1 Trust Fund from one currency into another at such market exchange rate or rates as are reasonably determined by the Class A-1 Note Trustee.