Group II Supplemental Interest Trust Trustee definition

Group II Supplemental Interest Trust Trustee. LaSalle Bank National Association, a national banking association not in its individual capacity but solely in its capacity as group II supplemental interest trust trustee and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor group II supplemental interest trust trustee as may from time to time be serving as successor group II supplemental interest trust trustee.

Examples of Group II Supplemental Interest Trust Trustee in a sentence

• In performing its duties hereunder and under the Group II Swap Agreement and the rights in respect of the Swap Administration Agreement that relate to Loan Group II, the Group II Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities as provided to the Trustee hereunder.

• The Seller, the Master Servicer, the Depositor and the Group II Certificateholders by acceptance of their Certificates acknowledge and agree that the Trustee, the Swap Administrator and the Group II Supplemental Interest Trust Trustee shall execute, deliver and perform its respective obligations under the Swap Administration Agreement and shall do so solely in its capacity as Trustee, the Swap Administrator and the Group II Supplemental Interest Trust Trustee and not in its individual capacity.

• The Trustee, the Swap Administrator and the Group II Supplemental Interest Trust Trustee in its individual capacity shall have no responsibility for any of the undertakings, agreements or representations by it with respect to the Swap Administration Agreement, including, without limitation, for making any payments thereunder.

• If the Swap Administrator is unable to obtain a replacement interest rate swap agreement within the period specified in the Swap Administration Agreement, any such Group II Swap Termination Payments shall be used by the Swap Administrator, on behalf of the Group II Supplemental Interest Trust Trustee, for payment to the Holders of the Class II-A Certificates and Class II-M Certificates or for such other purpose specified in the Swap Administration Agreement in accordance with the terms thereof.

• In performing its duties hereunder and under the Group II Interest Rate Swap Agreement and the Swap Administration Agreement insofar as such agreement relates to the Group II Loans, the Group II Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities as provided to the Securities Administrator hereunder.

• Cash collateral posted by the Group II Swap Provider in accordance with the Group II Swap Credit Support Annex shall be deposited by the Group II Supplemental Interest Trust Trustee in the Group II Swap Collateral Account (unless directed to be invested otherwise by the Group II Swap Provider).

• The Group II Supplemental Interest Trust Trustee is hereby directed to perform the obligations of the Custodian as defined under the Group II Swap Credit Support Annex (the “Group II Swap Custodian”).

• The Group II Swap Provider or the Depositor shall promptly provide the Group II Supplemental Interest Trust Trustee with a copy of such Group II Guaranty.