Purposes of the Trust definition

Purposes of the Trust. Has the meaning set forth in Section 2.4.
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Purposes of the Trust means collectively the purposes that are set forth in Section Five of this Agreement.
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Purposes of the Trust of Xxxxxx XX of the Initial Trust Agreement is amended, only to add paragraphs (xii) and (xiii), so that as of this date they read as follows:
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Examples of Purposes of the Trust in a sentence

  • Unless specified otherwise in this Agreement, to the extent it is able to do so, the Trustee, instead of opening banking or brokerage accounts for each of the accounts mentioned above, may maintain such accounts through the use of registries, if those registries provide an adequate level of control and identification as necessary for the Purposes of the Trust.

  • Each Holder shall execute and deliver such other CBFIs, agreements or documents, and take such other actions, as may be requested by the Manager in connection with the Trust and the achievement of its purposes, or to give effect to the provisions of this Agreement, in each case as are not inconsistent with the terms and provisions of this Agreement, including any documents that the Manager determines to be necessary or convenient to comply with the Purposes of the Trust.

  • Any disbursement or documented cost that it may be obligated to make in furtherance of the Purposes of the Trust will be paid out of the Trust Estate, without liability to the Trustee if the Trust Estate is insufficient to cover such costs and expenses, except as may result from the Trustee’s negligence, dolo or bad faith (xxxx xx) as may be determined by a final and non-appealable judgment of a court of competent jurisdiction.

  • Assets or rights that comprise the Trust Estate will be considered transferred for the Purposes of the Trust and therefore, they shall only be exercised respect to the corresponding rights and actions pursuant hereof.

  • Any disbursement or documented cost that it may be obligated to make in furtherance of the Purposes of the Trust will be paid out of the Trust Estate, without liability to the Trustee if the Trust Estate is insufficient to cover such costs and expenses, except as may result from the Trustee’s negligence, dolo or bad faith (mala fe) as may be determined by a final and non-appealable judgment of a court of competent jurisdiction.

  • The fair value is the initial accounting value for subsequent booking of the withhold share in the associated company, joint venture or financial assets.

  • Declaration of Trust; Purposes of the Trust...........................................

  • The Trustee shall not incur in any expenses or pecuniary liability other than the corresponding in its capacity as Trustee in the fulfillment of the Purposes of the Trust, nor shall it be obliged to incur in any expense if there are not sufficient funds in the Trust Accounts (see “IV.

  • Parties hereto acknowledge that the Trust Estate is conveyed to Trustee exclusively in order to comply with the Purposes of the Trust.

  • In general, Trustee shall have the broadest powers of attorney and shall exercise all authorities necessary or convenient for the fulfillment of the Purposes of the Trust.


More Definitions of Purposes of the Trust

Purposes of the Trust shall have the meaning indicated in Article Fourth of this Agreement.
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Purposes of the Trust or “Purposes” means those Purposes as set out in 3.2; (cc) “Services Agreement” means an agreement with a party retained or hired by the Trustees pursuant to this Trust which:
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Purposes of the Trust means the purposes of the Trust specified in clause 5.
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Purposes of the Trust means the purposes set out in Article 4 and paragraphs 8.8 to 8.10.
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Purposes of the Trust as defined in Clause Five hereof.
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Related to Purposes of the Trust

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Distribution Date" for a Trust shall mean the "Distribution dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Record Date" for a Trust shall mean the "Record dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

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

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

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • CREFC® Servicer Remittance to Certificate Administrator Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Servicer Remittance to Certificate Administrator Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Note A-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Securities Administrator Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) 1/12th of the Securities Administrator Fee Rate and (b) the Scheduled Principal Balance of each Mortgage Loan as of the first day of the related Collection Period. Securities Administrator Fee Rate: 0.001% per annum.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

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

  • Accrual Certificates As specified in the Preliminary Statement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.