Subsidiary Trust definition

Subsidiary Trust means Retrocom Mid-Market Subsidiary Trust, the commercial trust created under the laws of Ontario pursuant to a declaration of trust dated February 11, 2004, as amended, the sole beneficiary of which is the REIT;

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Subsidiary Trust means an open-ended investment trust to be established pursuant to the laws of the Province of British Columbia and which will be a subsidiary of either the Realty Trust or the Mortgage Fund;

Subsidiary Trust has the meaning ascribed to such term in the recitals hereto.

Examples of Subsidiary Trust in a sentence

• The Subsidiary Regular Interest Certificates represent the right to receive all principal amounts and interest at the Subsidiary Pass-Through Rate with respect to distributions on the Mortgage Loans held by the Subsidiary Trust Fund.

• Early retirement of the Subsidiary Regular Interest Certificates may be effected by a repurchase of the Mortgage Loans and related property in the Subsidiary Trust Fund by the Holder of the Subsidiary Residual Interest Certificate pursuant to a repurchase right similar to that provided to the Class B-2 Certificateholder.

• An election shall be made to treat each of the Master Trust Fund and the Subsidiary Trust Fund as a "real estate mortgage investment conduit" (a "REMIC") under the Internal Revenue Code of 1986, as amended (the "Code").

• As provided in the Agreement, deductions and withdrawals from the Certificate Account for the benefit of the Subsidiary Trust Fund may be made by the Master Servicer from time to time for purposes other than distributions to the Certificateholders, such purposes including reimbursement to the Master Servicer of Monthly Advances and of certain expenses incurred by it.

• Upon such execution, delivery and consent, such Holdings Subsidiary Trust or Holdings SPC (as the case may be) shall for all purposes be a party hereto as a Borrower as fully as if it had executed and delivered this Agreement.

• Upon such execution, delivery and consent, such UniCapital Subsidiary Trust or UniCapital Special Purpose Corporation (as the case may be) shall for all purposes be a party hereto as a Borrower as fully as if it had executed and delivered this Agreement.

• All costs incurred by the Master Servicer or by the related Servicers in effecting the timely payments of taxes and assessment on the Mortgaged Properties and related insurance premiums shall not, for the purpose of calculating monthly distributions to the Subsidiary Trust Certificateholders, be added to the Principal Balance under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

• All amounts held in the Servicing Accounts shall be held in trust for the Trustee for the benefit of the Subsidiary Trust Certificateholders.

• By its acceptance of this Subsidiary Residual Interest Certificate, the Holder of this Certificate shall be deemed to have agreed to such appointment and shall be deemed to have consented to the appointment of the Master Servicer as agent to act on behalf of the Subsidiary Trust Fund.

• Subject to the terms and provisions of this Agreement, the Operating Partnership is transferring, assigning, and conveying to the Partnership and FFPMC, their successors and assigns, as a distribution to the sole partners of the Operating Partnership, one percent (1%) of all of its right, title, and interest in the Subsidiary Trust to FFPMC and ninety-nine (99%) of all of its right, title, and interest in the Subsidiary Trust to the Partnership.

More Definitions of Subsidiary Trust

Subsidiary Trust means BTB Acquisition and Operating Trust, a trust established under the laws of the Province of Québec;

Subsidiary Trust means a trust, other than an income trust, that is controlled by an income trust;

Subsidiary Trust has the meaning ascribed to such term in the recitals hereto. “Subsidiary Trust Indebtedness” has the meaning ascribed to such term in the recitals hereto. 10 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross‑currency rate swap transactions, currency options, spot contracts or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, that are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the ▇▇▇▇-to-market value(s) for such Swap Contracts, as determined based upon one or more mid‑market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include Lender or any Affiliate of Lender). “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but...