Grantor Trust definition

Grantor Trust means a Trust other than a RIC.
Grantor Trust. A segregated asset pool within the Trust Fund, which at all times shall be treated as a “grantor trust” under the Grantor Trust Provisions, consisting of the VRR Specific Grantor Trust Assets, the Class S Specific Grantor Trust Assets and the Excess Interest Distribution Account, beneficial ownership of which is represented by the Grantor Trust Certificates.
Grantor Trust. A grantor trust as defined under subpart E of part 1 of subchapter J of the Code.

Examples of Grantor Trust in a sentence

  • Xxxxxx Title: Vice President BRIDGECREST LENDING AUTO SECURITIZATION GRANTOR TRUST 2024-3 By: Wilmington Trust, National Association, not in its individual capacity but solely as Grantor Trust Trustee By: /s/ Xxxxx X.

  • Such Receivable complied at the time it was originated or made in all material respects with all requirements of applicable federal, state and local laws and regulations thereunder, except where the failure to comply (i) was remediated or cured in all material respects prior to the Cut-Off Date or (ii) would not render such Receivable unenforceable or create liability for the Purchaser, the Issuer or the Grantor Trust, as assignee of such Receivable.

  • The parties expressly acknowledge and consent to Wilmington Trust acting in the dual capacity of Owner Trustee and in the capacity of Grantor Trust Trustee.

  • Xxxxxx Title: Vice President BRIDGECREST LENDING AUTO SECURITIZATION GRANTOR TRUST 2024-3, as Grantor Trust By: Wilmington Trust, National Association, not in its individual capacity but solely as Grantor Trust Trustee By: /s/ Xxxxx X.

  • To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Sale and Servicing Agreement, dated as of July 24, 2024, between the Depositor, as seller, the Issuer, the Grantor Trust, Bridgecrest Acceptance Corporation, as Servicer, and Computershare Trust Company, National Association, as Standby Servicer and as Indenture Trustee, as the same may be amended or supplemented from time to time.


More Definitions of Grantor Trust

Grantor Trust. As specified in the Preliminary Statement.
Grantor Trust. That certain "grantor trust" (within the meaning of the Grantor Trust Provisions), the assets of which are the Grantor Trust Assets.
Grantor Trust. A segregated asset pool within the Trust Fund consisting of (i) the Excess Interest and (ii) the Excess Interest Distribution Account and all funds and assets held from time to time on deposit in the Excess Interest Distribution Account.
Grantor Trust means a grantor trust under Subpart E of Part 1 of Subchapter J of the Code.
Grantor Trust. A segregated asset pool within the Trust Fund treated as a “grantor trust” under subpart E, part I of subchapter J of the Code, consisting of the Excess Interest and amounts held from time to time in the Excess Interest Distribution Account, beneficial ownership of which is represented by the Class NR Certificates, as further described in Section 4.07.
Grantor Trust has the meaning set forth in the Preliminary Statement hereto.
Grantor Trust. A trust described in Section 671 of the Code, the items of income, deductions and credits of which must be included in computing the taxable income and credits of the person treated as the owner of such trust (either the grantor or other person designated under the Code).