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 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 Cimarron Trust, the Cimarron Trustee shall provide reasonable cooperation to the Debtors as needed to facilitate such election.

  • 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.

  • 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.

  • 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).

  • However, if Subsidiary makes a Grantor Trust Election with respect to the Class B Claims Trust or the Class C Claims Trust, Subsidiary may deduct under section 162 only amounts paid by the applicable Trust to the Class B or Class C claimants to resolve their claims to the extent that such amounts are paid to resolve the claims of parties that are not a government or a governmental entity.

  • A description also is pro- vided of alternative rules that were consid- ered by the IRS and the Treasury Depart- ment but rejected as too burdensome.1. Grantor Trust Election Under §1.468B–1(k), a transferor to a qualified settlement fund may elect to have the qualified settlement fund treated as a grantor trust all of which is owned by the transferor (grantor trust election).

  • Section 1.468B-1(k)(2)(i) states the manner by which the transferor makes the Grantor Trust Election, and provides that the transferor must make the election for the taxable year in which the qualified settlement fund is established.

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 2.07.

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

  • 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 the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • 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 III Certificate Any Regular Certificate or Class R Certificate.

  • Payment Election means an election pursuant to Section 5.1.

  • Successor Trust means the Continental Airlines Pass Through Trust 1999-1A-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.

  • Regular primary election means the election on the fourth Tuesday of June of

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).