Grantor Trust Account definition

Grantor Trust Account. The account designated as such and created and maintained pursuant to Section 5.01A of the Trust Documents.
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Grantor Trust Account. The account created and maintained pursuant to Section 4.01
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Grantor Trust Account. The account designated by the Trustee pursuant to Section 5.08(c).
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Examples of Grantor Trust Account in a sentence

  • Funds in the Exchangeable Certificates Grantor Trust Account shall remain uninvested.

  • On each Distribution Date, the Master Servicer shall withdraw from the Exchangeable Certificate Grantor Trust Account the amount distributable for each Class of Exchangeable Certificates and shall make the appropriate distributions to the Certificateholders of each such Class.

  • The Trustee hereby designates the Exchangeable Certificate Grantor Trust Account as a sub-account of the Certificate Account.

  • The appropriate aggregate federal, state and local individual income taxes attributable to the Grantor Trust Account shall be paid directly to the participant.

  • The Trustee hereby designates the Exchangeable Certificates Grantor Trust Account as a sub-account of the Certificate Account.

  • The Master Servicer hereby designates the Exchangeable Certificate Grantor Trust Account as a sub-account of the Certificate Account.

  • Holders will have no right to interest earnings or other investment earnings on funds held in the Certificate Account or the Grantor Trust Account and such earnings will not be part of the Trust Fund.

  • The Securities Administrator hereby designates the Exchangeable Certificates Grantor Trust Account as a sub-account of the Certificate Account.

  • No Eligible Investment may be sold while in the Grantor Trust Account except to the extent that Xxxxxx Xxx believes that a sale of an Eligible Investment is desirable because of the possibility of a default by the obligor thereon.

  • In the event that the amount on deposit in the Grantor Trust Account on any Distribution Date shall be less than the Grantor Trust Distribution Amount Xxxxxx Mae shall provide from its own funds the amount of any such insufficiency.


More Definitions of Grantor Trust Account

Grantor Trust Account. The certificate account established in accordance with Section 7.02 hereof and maintained in the corporate trust department of the Grantor Trustee; provided that the funds in such account shall not be commingled with other funds held by the Grantor Trustee.
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Grantor Trust Account. The account designated by the Trustee pursuant to Section 5.10. Grantor Trust Uncertificated REMIC II Regular Interest: Any of the Uncertificated REMIC II Regular Interests (other than Uncertificated REMIC II Regular Interests X-0, X-00, X-00, X-0, X-0, X-0, X-0, X-0, B-3 and A-P), which are beneficially owned in the form of their related Exchangeable Certificates or Exchanged Certificates and rights with respect thereto. Initial Monthly Payment Fund: $0, representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the May 2007 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment.
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Grantor Trust Account. The account designated by the Trustee pursuant to Section 5.08. Grantor Trust Uncertificated REMIC Regular Interest: Any of the Uncertificated REMIC Regular Interests (other than, for the avoidance of doubt, any Uncertificated Class A-V REMIC Regular Interests), which are beneficially owned in the form of their related Exchangeable Certificates or Exchanged Certificates and rights with respect thereto. Initial Monthly Payment Fund: $14,996 representing scheduled principal amortization and interest at the Net Mortgage Rate during the month of July 2007, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment in accordance with the definition of "Trust Fund". The Initial Monthly Payment Fund will not be part of any REMIC.
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Grantor Trust Account. The separate account established and maintained pursuant to Section 4.06(c) and designated by the Trustee pursuant to Section 4.06(c), which shall be entitled "Deutsche Bank Trust Company Americas, as Trustee, in trust for the benefit of the Holders of the Exchangeable Certificates" and which must be an Eligible Account.
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Grantor Trust Account. The account designated by the Trustee pursuant to Section 5.10. Grantor Trust Uncertificated REMIC II Regular Interests: Uncertificated REMIC II Regular Interests A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-8, A-9, A-10, A-11, A-12, A-13, A-14, A-15 and A-16, which are xxxxxxxxxxxx xxxxx xx xxx xorx xx xxxxx xxlaxxx Xxxxxxxxxxxx Xxxxxxxxxxxx xx Xxchanged Certificates and rights with respect thereto. Initial Monthly Payment Fund: $0, representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the August 2007 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment.
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Grantor Trust Account. The account designated by the Trustee pursuant to Section 5.10. Grantor Trust Uncertificated REMIC II Regular Interests: Uncertificated REMIC II Regular Interests X-0, X-00 and A-15, which are beneficially owned in the form of their related Exchangeable Certificates or Exchanged Certificates and rights with respect thereto. Initial Monthly Payment Fund: $0, representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the July 2007 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment.
Sample 1

Related to Grantor Trust Account

  • Grantor Trust means a Trust other than a RIC.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Note Account As defined in the Indenture.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Adverse Grantor Trust Event As defined in Section 10.02(e).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Investment Account As defined in Section 3.12(a).

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.