Down Trust definition

Down Trust shall have the meaning set forth in the Recitals to this Trust Agreement.
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Down Trust has the meaning set forth in the Cover Page.
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Down Trust shall have the meaning set forth in the preamble.
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Examples of Down Trust in a sentence

  • Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Down Trust, in the Trust Assets which shall secure the obligations of the Up Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.

  • The Trustee shall allocate all Eligible Treasury Repurchase Agreements as described above equally between the Up Trust and the Down Trust, as directed by the Administrative Agent.

  • The Down Asset Amount on each Distribution Date will not be calculated as described above, but will instead be equal to the aggregate amount of funds on deposit in the Down Trust on that Distribution Date, including all interest, discount, principal and any other amounts received upon the maturities of the treasuries held by the Down Trust during the preceding Calculation Period.

  • Furthermore, any delegation of duties by the Administrative Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • The Administrative Agent shall direct the Trustee and the Down Trustee in allocating all Eligible Treasury Securities acquired as described above equally between the Up Trust and the Down Trust.

  • Each MacroShares Trust will either be an "Up Trust" which will issue "Up MacroShares" or a "Down Trust" which will issue "Down MacroShares" (together with the Up MacroShares, the "MacroShares").

  • Furthermore, any delegation of duties by the Marketing Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Down Trust to make a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

  • The Holders of the Up MacroShares, by their acceptance of their shares, consent to State Street Bank and Trust Company, N.A. acting as Trustee under this Trust Agreement and as trustee for the Down Trust under the Down Trust Agreement.

  • On the Closing Date, the Up Trust shall enter into the MacroShares Licensing Agreement with MacroMarkets LLC, the Administrative Agent and the Down Trust.

Related to Down Trust

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

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

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Owner Trust means the trust created by this Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • 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.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • 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.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

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

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Income trust means a trust that is not a unitrust.

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Applicable Trust Has the meaning specified in the recitals hereto.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • 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.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.