Residual Trust definition

Residual Trust means the trust to be established by the Corporation, which is entitled to receive the
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Residual Trust means the grantor trust to be created on the Effective Date to hold the equity interests in Old CNC.
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Residual Trust means any variable interest entity identified as a “Residual Trust” in the most recently filed Form 10-K or Form 10-Q of the Borrower, as applicable.
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Examples of Residual Trust in a sentence

  • Except as permitted by the Residual Trust Agreement or except in its capacity as trustee of a Majority-Owned Affiliate of the City holding Retained Bonds, Wilmington Trust Company, in its individual or any other capacity, may not become the owner or pledgee of Bonds.

  • Xxxxxxxxx, as Trustee By: Name: Title: POWER OF ATTORNEY Reference is hereby made to the Amended and Restated Declaration and Agreement of Trust of NYCTL 2021-A Residual Trust (the “Trust Agreement”), dated as of February 24, 2022, among The City of New York, Wilmington Trust Company, as Delaware Trustee and Xxxxxx X.

  • A transfer of the Ownership Interest to a trust that is treated as a “grantor trust” that is wholly-owned by the transferor, in each case, for U.S. federal income tax purposes, including, without limitation, any transfer by the Seller of the Ownership Interest to NYCTL 2021-A Residual Trust (the “Residual Trust”), shall be permitted, notwithstanding the immediately preceding sentence.

  • SCHEDULE I POWER OF ATTORNEY Reference is hereby made to the Amended and Restated Declaration and Agreement of Trust of NYCTL 2021-A Residual Trust (the “Trust Agreement”), dated as of February 24, 2022, among The City of New York, Wilmington Trust Company, as Delaware Trustee and Xxxxxx X.


More Definitions of Residual Trust

Residual Trust means the trust to be established by the Corporation, which is entitled to receive the income and bond proceeds of the Corporation that are in excess of the Corporation's expenses, debt service and contractual obligations to the holders and the Commonwealth of Virginia.
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Residual Trust. As defined in Section 3.02.
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Residual Trust means the trust established in accordance with Article IV.D of the Plan and the Residual Trust Agreement to pay or otherwise resolve the Residual Trust Rights.
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Related to Residual Trust

  • Residual Interests As specified in the Preliminary Statement.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."