Grantor Trust Election definition

Grantor Trust Election means an election to treat a trust as a grantor trust pursuant to Treasury Regulation section 1.468B-1(k)(1).
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Grantor Trust Election has the meaning ascribed thereto in the preamble.
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Examples of Grantor Trust Election in a sentence

  • For the avoidance of doubt, any Grantor Trust Election is for tax purposes only and shall in no way affect the substantive rights and obligations of the parties under this Settlement Agreement or the Multistate Trust Agreement.

  • For the avoidance of doubt, any such Grantor Trust Election is for tax purposes only and shall in no way affect the substantive rights and obligations of the parties under this Settlement Agreement or the Cimarron Trust Agreement.

  • To the extent that the Debtors choose to make a Grantor Trust Election with respect to the Savannah Trust, the Savannah Trustee shall provide reasonable cooperation to the Debtors as needed to facilitate such election.

  • For the avoidance of doubt, any such Grantor Trust Election is for tax purposes only and shall in no way affect the substantive rights and obligations of the parties under this Settlement Agreement or the Savannah Trust Agreement.

  • To the extent that the Debtors choose to make a Grantor Trust Election with respect to the Multistate Trust, the Multistate Trustee shall provide reasonable cooperation to the Debtors as needed to facilitate such election.

  • To the extent that the Debtors choose to make a Grantor Trust Election with respect to the Cimarron Trust, the Cimarron Trustee shall provide reasonable cooperation to the Debtors as needed to facilitate such election.

  • Also, a description isprovided of alternative rules that were considered by the IRS and the Treasury Department but rejected as tooburdensome.1. Grantor Trust Election Under§ 1.468B–1(k)Under § 1.468B–1(k), the transferor to a QSF may elect to have the QSF treated as a grantor trust all of which is treated as owned by the transferor (grantor trust election).

  • From and after the date of this Agreement (provided the Grantor Trust Election is timely made), all Parties shall report consistent with such election, including for state and local tax purposes, to the extent applicable.

  • The Settling Parties elect that the Cassese/WMI Settlement Account should be treated as qualified settlement funds from the earliest possible date and agree to make any “relation back” election that may be available, unless WMI makes the Grantor Trust Election.

  • Utility has, simultaneously with the execution of this Agreement, provided the Trust with a properly completed Grantor Trust Election statement in accordance with Treasury Regulation section 1.468B-1(k)(2), a copy of which is attached hereto as Annex I, and the Trust shall file such statement with its timely filed IRS Form 1041 for the taxable year ending December 31, 2020.

Related to Grantor Trust Election

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Grantor Trust means a Trust other than a RIC.

  • Interest Election Request means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.05.

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

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

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

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

  • 10) Election has the meaning set forth in Section 6.05(a).

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • REMIC Opinion An Independent Opinion of Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any REMIC created hereunder to fail to qualify as a REMIC while any regular interest in such REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any REMIC created hereunder or (iii) constitute a taxable contribution to any REMIC created hereunder after the Startup Day.

  • 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.

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

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

  • REMIC Trust means a “real estate mortgage investment conduit” within the meaning of Section 860D of the Code that holds the Note.

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

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.

  • Payment Election means an election pursuant to Section 5.1.

  • Class A-PO Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-PO and Exhibit C hereto.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Successor Trust means Continental Airlines Pass Through Trust 1997-4B-S.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.