Class E Bonds definition

Class E Bonds means the Bonds so designated under the Indenture and issued pursuant thereto.

Class E Bonds and the "Class F Bonds", respectively, and secured by, among other things, a lien on the Mortgage Loans (as defined herein), and distributing to the Depositor the Bonds or the proceeds from the sale thereof, (iii) issuing Owner Trust Certificates in three classes designated as the "Class [P] Certificates", the "Class [XS] Certificates" and the "Class [R] Certificates", respectively, collectively evidencing the entire beneficial ownership interest in the Trust, (iv) consummating certain transactions contemplated by, and performing its obligations under, the Operative Agreements, and (v) engaging in certain activities incidental to the foregoing. _________________________, a ________________________________, is willing to act as trustee hereunder (in its individual capacity, the "[Bank]", and solely in its capacity as owner trustee hereunder, with its successors in interest in such capacity and its permitted assigns, the "Owner Trustee") and to accept the trust created hereby. In consideration of the premises and of the mutual agreements herein contained and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Class E Bonds. Class F Bonds," "Class G Bonds," "Class H Bonds," and "Class X Bonds," respectively, and secured by, among other things, a lien on the Trust Estate, and distributing such Bonds or the proceeds from the sale thereof to the Depositor, (iii) issuing the Ownership Certificate evidencing the entire beneficial ownership interest in the Trust, (iv) consummating certain transactions contemplated by, and performing its obligations under, the Operative Agreements, and (v) engaging in certain activities incidental to the foregoing.

Examples of Class E Bonds in a sentence

• The Class D and Class E Bonds will initially be issued as Definitive Bonds but may, thereafter, be issued as Book-Entry Bonds.

• As of the Closing Date, the Class X-0, Xxxxx X-0, Class S, Class A-3, Class B, Class C, Class D and Class E Bonds will constitute Registered Bonds, and the Class X, Class F, Class G and Class H Bonds will constitute Private Bonds.

• The agreements establishing the VIEs state that the Company’s investment in the Class E Bonds is to be treated as equity for federal income tax purposes.

• Dated: ICCMAC COMMERCIAL TRUST [_______] By: _________________________, not in its individual capacity but solely in its capacity as Owner Trustee By: _____________________________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class E Bonds referred to in the within-mentioned Indenture.

More Definitions of Class E Bonds

Class E Bonds and the "Class F Bonds", respectively, and secured by, among other things, a lien on the Pledged Certificates (as defined herein), and distributing the Bonds or the proceeds therefrom to the Depositor, (iii) issuing Owner Trust Certificates in three classes designated as the "Class P Certificates", the "Class XS Certificates" and the "Class R Certificates", respectively, evidencing the entire beneficial ownership interest in the Trust, (iv) consummating certain transactions contemplated by, and performing under, the Operative Agreements, and (v) engaging in certain activities incidental to the foregoing. Wilmington Trust Company, a Delaware bank and trust company, is willing to act as trustee hereunder (in its individual capacity, the "Bank", and solely in its capacity as owner trustee hereunder, with its successors in interest in such capacity and its permitted assigns, the "Owner Trustee") and to accept the Trust created hereby. In consideration of the premises and of the mutual agreements herein contained and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: