Grantor Trust Y definition

Grantor Trust Y. The portion of the Trust Fund consisting of (i) any Additional Interest with respect to the ARD Trust Mortgage Loans after their respective Anticipated Repayment Dates and (ii) amounts held from time to time in the Additional Interest Account that represent Additional Interest, intended to be treated as a "grantor trust" within the meaning of the Grantor Trust Provisions.
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Grantor Trust Y means the Grantor Trust designated as such in Section 2.13(a).
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Grantor Trust Y means the Grantor Trust designated as such in SECTION 2.13(A).
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Examples of Grantor Trust Y in a sentence

  • The Class Y Certificates are hereby designated as representing an undivided beneficial interest in Grantor Trust Y.

  • The Trustee acknowledges the assignment to it of the respective assets, rights and other property comprising the REMIC Pools and Grantor Trust Y, and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of: (i) in the case of the REMIC Pools, the Regular Certificates and the Class R Certificates; and (ii) in the case of Grantor Trust Y, the Class Y Certificates.

  • The rights of the Holders of the Class Y Certificates to receive distributions from the proceeds of Grantor Trust Y, and all ownership interests of such Holders in and to such distributions, shall be as set forth in this Agreement.

  • The handle to the figure is the only output variable used by this GUI.

  • The Servicing Accounts shall not be considered part of the segregated pool of assets constituting any REMIC Pool or Grantor Trust Y.

  • Temozolomide became of interest after the discovery that it‟s conversion to the active metabolite, MTIC, is not dependent on hepatic metabolism.

  • In addition, prior to taking any action with respect to Grantor Trust Y, or causing the Trust Fund to take any action, that is not expressly permitted under the terms of this Agreement, the Master Servicers and the Special Servicer shall consult with the Trustee or its designee, in writing, with respect to whether such action could cause an Adverse Grantor Trust Event to occur.

  • Under no circumstances may the Tax Administrator vary the assets of Grantor Trust Y so as to take advantage of variations in the market so as to improve the rate of return of Holders of the Class Y Certificates.

  • In addition, prior to taking any action with respect to either of Grantor Trust Y or Grantor Trust Z or causing the Trust Fund to take any action that is not expressly permitted under the terms of this Agreement, the Master Servicers and the Special Servicer shall consult with the REMIC Administrator or its designee, in writing, with respect to whether such action could cause an Adverse Grantor Trust Event to occur.

  • The Reserve Accounts shall not be considered part of the segregated pool of assets comprising any REMIC Pool or Grantor Trust Y.


More Definitions of Grantor Trust Y

Grantor Trust Y. That certain "grantor trust" (within the meaning of the Grantor Trust Provisions), the assets of which consist of any Additional Interest with respect to the Trust Converting Loan and any successor Trust REO Loans accruing during its adjustable interest rate period and amounts held from time to time in the Collection Accounts and/or the Trust Converting Loan Additional Interest Account.
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Related to Grantor Trust Y

  • Grantor Trust means a Trust other than a RIC.

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

  • 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.

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

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

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

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

  • Collateral Trust Agreement means that certain Collateral Trust Agreement, dated as of the Closing Date, by and among Collateral Trustee and Lenders, as amended, restated, supplemented or otherwise modified from time to time.

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

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

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

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

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

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • 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.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

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

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • 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.

  • Master Trust means Citibank Credit Card Master Trust I.

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

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.