Permitted Activities definition

Permitted Activities. The primary activities of the trust created pursuant to this Agreement which shall be:

Permitted Activities. The primary activities of the Trust created pursuant to this Agreement which shall be: (i) holding Mortgage Loans transferred from the Depositor and other assets of the Trust Fund, including any credit enhancement and passive derivative financial instruments that pertain to beneficial interests issued or sold to parties other than the Depositor, its Affiliates, or its agents; (ii) issuing certificates and other interests in the assets of the Trust Fund; (iii) receiving collections on the Mortgage Loans and making payments on such certificates and interests in accordance with the terms of this Agreement; and (iv) engaging in other activities that are necessary or incidental to accomplish these limited purposes, which activities cannot be contrary to the status of the Trust Fund as a qualified special purpose entity under existing accounting literature.

Permitted Activities means the primary activities of the Trust, which are:

Examples of Permitted Activities in a sentence

• The Trust is created for the object and purpose of engaging in the Permitted Activities.

• Notwithstanding anything to the contrary in this Agreement, this Agreement may be amended from time to time by the Depositor, the Servicer and the Trustee with the consent of Certificateholders evidencing not less than 66-2/3% of the interests held by parties other than the Depositor, its Affiliates or its agents, for the purposes of significantly changing the Permitted Activities of the Trust.

• The Issuing Entity is created for the object and purpose of engaging in the Permitted Activities.

• The Owner Trustee will have the rights, powers and obligations in this Agreement and in the Delaware Statutory Trust Act for accomplishing the purposes of the Issuer and engaging in Permitted Activities.

• Executive agrees (i) to hold the Confidential Information in strict confidence, (ii) not to disclose the Confidential Information to any person (other than in the regular business of the Company or its affiliates), and (iii) not to use, directly or indirectly, any of the Confidential Information for any purpose other than on behalf of the Company and its affiliates or in connection with the Permitted Activities.

More Definitions of Permitted Activities

Permitted Activities has the meaning stated in Section 2.3(a) of the Trust Agreement.

Permitted Activities. The primary activities of the Trust Fund created pursuant to this Agreement which shall be:

Permitted Activities. The primary activities of the Issuing Entity created pursuant to this Agreement which shall be:

Permitted Activities means activities carried on for the purposes of the Main Business;

Permitted Activities means each of the activities described in Section 2 hereof.

Permitted Activities has the meaning stated in Section 2.4(a).

Permitted Activities means activities carried on for the purposesof the Interconnector Business;