Examples of Prior Trust in a sentence
Subject to such amendment and restatement, the Prior Trust Deed shall continue in full force and effect.
The Prior Trust Deed shall be amended and restated on the terms of this Trust Deed, such amendment and restatement to take effect from the date of this Trust Deed.
For so long as the Trust holds Trust Balances of one or more Common Mortgage Loans, the determination set forth in clause (ii) shall provide the basis for the Servicer's resignation only if the Servicer simultaneously resigns from its obligations and duties as servicer under the Prior Trust Pooling and Servicing Agreements applicable to such Common Mortgage Loans.
For so long as the Trust holds Trust Balances of one or more Common Mortgage Loans, the Servicer shall resign from its obligations and duties hereunder promptly upon any resignation from its obligations and duties as servicer under the Prior Trust Pooling and Servicing Agreements applicable to such Common Mortgage Loans.
For so long as the Trust owns Trust Balances of one or more Common Mortgage Loans, the Servicer shall resign from its obligations and duties hereunder promptly upon any resignation from its obligations and duties as servicer under the Prior Trust Pooling and Servicing Agreements applicable to such Common Mortgage Loans.
For so long as the Trust owns Trust Balances of one or more Common Mortgage Loans, the determination set forth in clause (ii) shall provide the basis for the Servicer's resignation only if the Servicer simultaneously resigns from its obligations and duties as servicer under the Prior Trust Pooling and Servicing Agreements applicable to such Common Mortgage Loans.
Trust 1996 Pooling and Servicing Agreement: The Pooling and Servicing ------------------------------------------ Agreement dated as of September 1, 1996 between Chevy Chase Bank, F.S.B., as Transferor, and The Chase Manhattan Bank, as Trustee, Custodial Agent, and Prior Trust Trustee, and all amendments thereof and supplements thereto.
The Grantor, the Beneficiary Trustees and the Issuer Trustee are parties to that certain Amended and Restated Trust Agreement dated as of February 19, 1999 (the "Prior Trust Agreement") and now desire to amend and restate the Prior Trust Agreement as set forth below.
Each of the Prior Trust Trustees hereby agrees to act for the Trust Fund as a bailee that has received notification of the Trust Fund's interest in the Common Mortgage Loans to the extent of the Trust Balances at such time as the Prior Trust Trustees take possession of the Loan Agreements or any of the other Mortgage File documents with respect to the Common Mortgage Loans.
Not later than the end of the 90 day period or, if applicable, 120 day period specified in Section 2.01(d), the Servicer shall deliver the Mortgage File for each Common Mortgage Loan to the Prior Trust Trustee with the most senior rights thereto.