Grantor Trust A-2FL definition

Grantor Trust A-2FL means the portion of the Trust Fund consisting of (i) the Class A-2FL REMIC III Regular Interest and distributions thereon, (ii) the Class A-2FL Swap Agreement and payments by the Class A-2FL Swap Counterparty thereunder and (iii) the Class A-2FL Floating Rate Account, intended to be treated as a "grantor trust" within the meaning of the Grantor Trust Provisions. Grantor Trust A-2FL constitutes a separate common law trust created hereunder.
Sample 1Sample 2Sample 3
Grantor Trust A-2FL. That certain "grantor trust" (within the meaning of the Grantor Trust Provisions), the assets of which consist of (i) the Class A-2FL REMIC II Regular Interest and distributions thereon, (ii) the Class A-2FL Swap Agreement and, except for the Class A-2FL Depositor's Retained Amount, payments by the Class A-2FL Swap Counterparty thereunder and (iii) the applicable sub-account of the Floating Rate Account, intended to be treated as a "grantor trust" within the meaning of the Grantor Trust Provisions.
Sample 1

Examples of Grantor Trust A-2FL in a sentence

  • The Class A-2FL Certificates are hereby designated as representing an undivided beneficial ownership interest in Grantor Trust A-2FL.

  • Furthermore, the Master Servicer may not in any event agree to any modification, extension, waiver or amendment of any term of any Serviced Mortgage Loan that would cause an Adverse REMIC Event with respect to any REMIC Pool or an Adverse Grantor Trust Event with respect to any of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL or, if created hereunder taking into account Section 2.05(b), Grantor Trust V.

  • The other parties hereto shall provide on a timely basis to the REMIC Administrator or its designee such information with respect to Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust Z, Grantor Trust E and Grantor Trust B as is in its possession and reasonably requested by the REMIC Administrator to enable it to perform its obligations under this Section 10.02.

  • The Servicing Accounts shall not be considered part of the segregated pool of assets constituting, REMIC I, REMIC II, Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust Z, Grantor Trust E or Grantor Trust B.

  • Grantor Trust A-2FL shall be held for the benefit of the Holders of the Class A-2FL Certificates, Grantor Trust A-4FL shall be held for the benefit of the Holders of the Class A-4FL Certificates, Grantor Trust A-MFL shall be held for the benefit of the Holders of the Class A-MFL Certificates, and Grantor Trust A-JFL shall be held for the benefit of the Holders of the Class A-JFL Certificates.

  • The rights of Holders of the Class A-2FL Certificates, the Class A-4FL Certificates, the Class A-MFL Certificates, the Class A-JFL Certificates and, subject to Section 2.05(b), the Class V Certificates, to receive distributions from the proceeds of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL and Grantor Trust V, respectively, and all ownership interests of such Holders in and to such respective distributions, shall be as set forth in this Agreement.

  • The Depositor shall deposit, or cause the deposit of, the Class A-2FL Swap Agreement into Grantor Trust A-2FL, the Class A-4FL Swap Agreement into Grantor Trust A-4FL, the Class A-MFL Swap Agreement into Grantor Trust A-MFL, and the Class A-JFL Swap Agreement into Grantor Trust A-JFL.

  • The Class A-2FL Certificates, the Class A-4FL Certificates, the Class A-MFL Certificates, the Class A-JFL Certificates and, subject to Section 2.05(b), the Class V Certificates are hereby designated as representing an undivided interest in Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL and Grantor Trust V, respectively.

  • Furthermore, the Special Servicer may not agree to any modification, extension, waiver or amendment of any term of any Serviced Mortgage Loan that would cause an Adverse REMIC Event with respect to any REMIC Pool or an Adverse Grantor Trust Event with respect to any of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL or, if created hereunder taking into account Section 2.05(b), Grantor Trust V.

  • Any replacement Certificate issued pursuant to this section shall constitute complete and indefeasible evidence of ownership in the applicable REMIC Pool or Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL or, if created hereunder taking into account Section 2.05(b), Grantor Trust V, as applicable, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

Related to Grantor Trust A-2FL