Grantor Trust Estate definition

Grantor Trust Estate means the assets contributed by the Trust to the Grantor Trust pursuant to the Grantor Trust Agreement, which includes all of the Receivables and Other Conveyed Property acquired from the Seller by the Trust hereunder, and all other assets acquired by the Grantor Trust.

Grantor Trust Estate means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property and other property of the Grantor Trust, including without limitation (i) the Receivables acquired by the Grantor Trust under the Receivables Contribution Agreement, the Related Security relating thereto and Collections thereon after the Cut-Off Date, (ii) all Receivable Files, (iii) the rights of the Seller, as buyer, under the Purchase Agreement, (iv) the rights of the Issuer and the Grantor Trust under the Sale and Servicing Agreement and the Administration Agreement, (v) the rights of the Grantor Trust under the Receivables Contribution Agreement and (vi) all proceeds of the foregoing.

Grantor Trust Estate. The corpus of the trust created by this Agreement, consisting of (i) such Home Loans as from time to time are subject to this Agreement as listed in the Home Loan Schedule, as the same may be amended or supplemented from time to time including by removal of Deleted Home Loans and the addition of Qualified Substitute Home Loans, together with the Servicer's Home Loan Files and the Grantor Trustee's Home Loan Files relating thereto and all proceeds thereof, (ii) except with respect to any Unsecured Home Loans, the Mortgages and security interests in Mortgaged Properties, (iii) all payments in respect of interest on the Home Loans received on or after the Cut-Off Date (less 73% of the interest payments received during the first Due Period which shall be retained by the Transferor) and all payments in respect of principal received after the Cut-Off Date, (iv) such assets as from time to time are identified as Foreclosure Property, (v) such assets and funds as are from time to time deposited in the Collection Account, including amounts on deposit in such accounts which are invested in Permitted Investments, (vi) the Depositor's rights under all insurance policies with respect to the Home Loans and any Insurance Proceeds, (vii) Net Liquidation Proceeds and Released Mortgaged Property Proceeds, (viii) all rights of the Depositor under the Home Loan Purchase Agreement (other than the Depositor's rights under Article V of the Home Loan Purchase Agreement, which the Depositor shall not assign to the Grantor Trustee) pursuant to which the Depositor acquired the Home Loans from the Transferor, and (ix) all proceeds of any of the foregoing.

Examples of Grantor Trust Estate in a sentence

• The predecessor trustee shall deliver to the successor trustee documents and statements relating to the Grantor Trust Estate held by it hereunder, and the Depositor and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations.

• The Grantor Trustee declares that it will cause the Custodian to hold such documents and any amendments, replacements or supplements thereto, as well as any other assets included in the Grantor Trust Estate and delivered to the Custodian, in trust, upon and subject to the conditions set forth herein.

• The Grantor Trust Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Grantor Trust Estate except (i) in accordance with the powers granted to and the authority conferred upon the Grantor Trust Trustee pursuant to this Agreement, (ii) in accordance with the Transaction Documents and (iii) in accordance with any document or instruction delivered to the Grantor Trust Trustee pursuant to Section 6.3.

• The Grantor Trust Trustee hereby declares that it will hold the Grantor Trust Estate in trust upon and subject to the conditions set forth herein for the use and benefit of the Grantor Trust Certificateholders, subject to the obligations of the Grantor Trust under the Transaction Documents.

• The Grantor Trust Trustee shall not have the power, except upon written instructions signed by the Administrator and except as expressly provided in the Transaction Documents, to sell the Grantor Trust Estate after the termination of the Indenture in accordance with its terms.

• The Grantor Trust shall wind up and dissolve upon the latest of (1) satisfaction and discharge of the Indenture, (2) the Optional Purchase of the Grantor Trust Estate pursuant to the Receivables Contribution Agreement or (3) the final distribution from the Collection Account established pursuant to Section 4.1(a)(i) of the Sale and Servicing Agreement.

• The Grantor Trust Certificateholders shall not have legal title to any part of the Grantor Trust Estate.

• No transfer, by operation of law or otherwise, of any right, title or interest of a Grantor Trust Certificateholder to and in its ownership interest in the Grantor Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Grantor Trust Estate.

• Any amounts paid to the Grantor Trust Trustee pursuant to this Article VIII and the Sale and Servicing Agreement or the Indenture shall be deemed not to be a part of the Grantor Trust Estate immediately after such payment.

• The foregoing sale, transfer, assignment, set over and conveyance does not, and is not intended to, result in a creation or an assumption by the Grantor Trustee of any obligation of the Depositor, the Transferor or any other person in connection with the Grantor Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.

More Definitions of Grantor Trust Estate

Grantor Trust Estate means, at any time, the assets of the Trust at such time, including the Initial Trust Property and the Deposited Securities, regardless of whether such assets are held by the Grantor Trust Trustee or any agent or custodian for the Trust.

Grantor Trust Estate. All of the Depositor’s right, title and interest in and to (i) the Mortgage Loans identified in the Mortgage Loan Schedule, including all interest and principal due with respect to the Mortgage Loans after the Cut-off Date, but excluding any payments of principal and interest due on or prior to the Cut-off Date; (ii) such assets as shall from time to time be credited or are required by the terms of the Grantor Trust Agreement to be credited to the Payment Account, (iii) such assets relating to the Mortgage Loans as from time to time may be held by the Servicer in the Protected Account and the Securities Administrator in the Payment Account, (iv) any REO Property, (v) the Required Insurance Policies and any amounts paid or payable by the insurer under any Insurance Policy (to the extent the mortgagee has a claim thereto), (vi) the Mortgage Loan Purchase Agreement to the extent provided in the Grantor Trust Agreement, (vii) the rights with respect to the Servicing Agreement and the Xxxxx Fargo Servicing Agreement and (viii) any proceeds of the foregoing. Grantor Trustee: U.S. Bank National Association, and its successors and assigns or any successor indenture trustee appointed pursuant to the terms of the Grantor Trust Agreement.

Grantor Trust Estate means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property and other property of the Grantor Trust, including without limitation (i) the Receivables acquired by the Grantor Trust under the Contribution Agreement, the Related Security relating thereto and Collections thereon after the Cut-Off Date, (ii) the Receivable Files, (iii) the rights of the Seller, as buyer, under the Purchase Agreement (including the representations of the Bank therein) and the assignment executed by the Bank pursuant to the Purchase Agreement, (iv) the rights of the Issuer under the Sale Agreement and the assignment executed by the Depositor pursuant to the Sale Agreement, (v) the rights of the Grantor Trust under the Contribution Agreement and the assignment executed by the Issuer pursuant to the Contribution Agreement, (vi) the rights of the Grantor Trust under the Servicing Agreement and the Administration Agreement and (vii) all proceeds of the foregoing.

Grantor Trust Estate. The corpus of the trust created by this Agreement, consisting of (i) such Home Loans as from time to time are subject to this Agreement as listed in the Home Loan Schedule, as the same may be amended or supplemented from time to time including by the addition of Subsequent Loans, the removal of Deleted Home Loans and the addition of Qualified Substitute Home Loans, together with the Servicer's Home Loan Files and the Indenture Trustee's Home Loan Files relating thereto and all proceeds thereof, (ii) the Mortgages and security interests in Mortgaged Properties, (iii) all payments in respect of interest due with respect to the Home Loans on or after the Cut-Off Date and all payments in respect of principal received after the Cut-Off Date and the Additional Interest Amount, (iv) such assets as from time to time are identified as Foreclosure Property, (v) such assets and funds as are from time to time are deposited in the Collection Account and the Pre-Funding Account, including amounts on deposit in such accounts which are invested in Permitted Investments, (vi) the Depositor's rights under all insurance policies with respect to the Home Loans and any Insurance Proceeds, (vii) Net Liquidation Proceeds and Released Mortgaged Property Proceeds, and (viii) all right, title and interest of the Depositor in and to the obligations of the Transferor under the Home Loan Purchase Agreement pursuant to which the Depositor acquired the Home Loans from the Transferor, and all proceeds of any of the foregoing.