SUBI Portfolio definition
Examples of SUBI Portfolio in a sentence
As such, separate and distinct records shall be maintained for the UTI Portfolio and each SUBI Portfolio and the Trust Assets associated with the UTI Portfolio and each SUBI Portfolio shall be held and accounted for separately from the other assets of the Origination Trust.
The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI and each SUBI shall be enforceable against the UTI Portfolio or the related SUBI Portfolio only, and not against the Trust Assets generally or the assets of any other SUBI Portfolio.
Upon receiving the notice of resignation the UTI Holder shall promptly appoint a successor Trustee who meets the eligibility requirements set forth in Section 6.2 by written instrument: provided if a separate Trustee for a SUBI Portfolio has been appointed pursuant to Section 6.3(c) the successor for such Trustee shall be appointed by the Certificateholder for such SUBI.
Upon their allocation as SUBI Assets, such Trust Assets shall no longer be assets of, or allocated to, the Undivided Trust Interest (unless and until specifically reallocated to the Undivided Trust Interest from that SUBI Portfolio pursuant to the terms hereof or of any SUBI Supplement).
Separate and distinct records shall be maintained for each SUBI Portfolio and the SUBI Assets associated with each SUBI shall be held and accounted for separately from the other assets of the Trust or any other SUBI Assets.