Class AA Trust definition
Examples of Class AA Trust in a sentence
The Class AA Certificates shall be the only instruments evidencing a Fractional Undivided Interest in the Class AA Trust.
Each Certificateholder of, and each Person acquiring a beneficial interest in, a Class AA Certificate, by its acceptance of its Class AA Certificate or a beneficial interest therein, agrees to treat the Class AA Trust as a grantor trust for all United States federal, state and local income tax purposes.
Each Class AA Certificate represents a Fractional Undivided Interest in the Class AA Trust created hereby.
The Class AA Certificates do not represent indebtedness of the Class AA Trust, and references herein to interest accruing on the Class AA Certificates are included for purposes of computation only.
The provisions of this Section 7.01(a) supersede and replace the first three sentences of Section 2.02(a) of the Basic Agreement and the first sentence of Section 3.02(a) of the Basic Agreement, with respect to the Class AA Trust.