SUBI Supplement definition
Examples of SUBI Supplement in a sentence
Except to the extent specified in this Agreement or in any applicable SUBI Supplement, interests in a SUBI or SUBI Certificate shall be freely transferable and assignable by the holder or any pledgee (to the extent of its interest therein) thereof.
In the event a SUBI Trustee is appointed, the compensation for such SUBI Trustee shall be payable in accordance with the applicable SUBI Supplement.
Any references to the “Initial Beneficiary” in this Agreement, the Servicing Agreement (as defined herein), or any SUBI Supplement (as defined herein) shall be deemed a reference to the UTI Holder.
Except to the extent required by law or specified in this Agreement or in any applicable SUBI Supplement, SUBI Assets with respect to a particular SUBI shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to the Trust, the Trustee, the UTI or any other 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).