Grantor Trust Fund definition

Grantor Trust Fund. The segregated pool of assets subject hereto, consisting of (i) the Releaseed Loans and (ii) any recoveries on the Released Loans. For federal income tax purposes, the Grantor Trust Fund will not be an asset of any REMIC.
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Grantor Trust Fund means the trust fund established with the Grantor Trustee for the purpose of providing benefits under the Plan.
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Examples of Grantor Trust Fund in a sentence

  • For federal income tax purposes, assuming compliance with all provisions of the related Pooling and Servicing Agreement and upon issuance of such Grantor Trust Certificates, the related Grantor Trust Fund will be classified as a grantor trust under subpart E, part I of subchapter J of the Code and not as a partnership or an association taxable as a corporation.

  • The Grantor Trust Fund will be classified as a grantor trust under subpart E, part I of subchapter J of Chapter 1 of the Code and not as a partnership or an association taxable as a corporation.

  • In no event, however, will the Grantor Trust Fund created by the Agreement continue beyond the expiration of 21 years after the death of certain persons identified in the Agreement.

  • The Certificates, in the aggregate, evidence the entire beneficial ownership interest in the Grantor Trust Fund formed pursuant to the Agreement.

  • The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the Grantor Trust Fund for payment hereunder and that the Grantor Trustee and the Securities Administrator are not liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement.

  • It is also intended that the Grantor Trust Fund be classified (for Federal tax purposes) as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code, of which the Certificateholders are owners, rather than as an association taxable as a corporation.

  • This Certificate is payable solely from the assets of the Grantor Trust Fund, and does not represent an obligation of or interest in Xxxxxxx Xxxxx Mortgage Investors, Inc.

  • The Grantor Trustee on behalf of the Grantor Trust shall make an election for the assets constituting the Grantor Trust Fund to be treated for federal income tax purposes as a grantor trust.

  • The Grantor Trust Fund was created pursuant to the Grantor Trust Agreement dated as specified above (the “Agreement”), between MLMI, as seller (the “Seller”), Wachovia Bank, National Association, as grantor trustee (the “Grantor Trustee”) and Xxxxx Fargo Bank, N.A., as securities administrator (the “Securities Administrator”), a summary of certain of the pertinent provisions of which is set forth hereafter.

  • The Parent, or its duly appointed delegate, shall have full authority to direct the investment of the Grantor Trust Fund, provided that such investment shall be directed so that the Grantor Trustee has liquid assets available as required for benefit payments and other payments that the Funding Agency is required to make from the Grantor Trust Fund as they fall due.

Related to Grantor Trust Fund

  • Grantor Trust means a Trust other than a RIC.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • 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).

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

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

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

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

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

  • 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.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • 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.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

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

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • REMIC II Assets The REMIC I Regular Interests.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • REMIC I Assets All of the Mortgage Pool Assets.

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

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Adverse Grantor Trust Event Either: (i) any impairment of the status of the Grantor Trust Pool as a Grantor Trust; or (ii) the imposition of a tax upon the Grantor Trust Pool or any of its assets or transactions.

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