Supplemental Interest Trust definition

Supplemental Interest Trust. The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Supplemental Interest Trust. The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Class IO Interest and the right to receive payments in respect of the Class IO Distribution Amount. For the avoidance of doubt, the Supplemental Interest Trust does not constitute a part of the Trust Fund.

Supplemental Interest Trust. As defined in Section 4.08(a).

Examples of Supplemental Interest Trust in a sentence

• All such Eligible Investments will be made in the name of the Trustee of the Supplemental Interest Trust (in its capacity as such) or its nominee.

• The Supplemental Interest Trust shall be maintained by the Supplemental Interest Trust Trustee.

• The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Distribution Account or Supplemental Interest Trust Account for payment hereunder and that neither the Trustee nor the Securities Administrator is liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement.

• The Securities Administrator shall keep records that accurately reflect the funds on deposit in the Supplemental Interest Trust.

• The beneficial owners of the Supplemental Interest Trust are the Class X Certificateholders.

More Definitions of Supplemental Interest Trust

Supplemental Interest Trust. The trust created pursuant to Section 4.07 herein and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Supplemental Interest Account and the right to receive amounts as provided in Section 4.01.

Supplemental Interest Trust. The separate trust created under this Agreement pursuant to Section 3.05(i).

Supplemental Interest Trust. The separate trust created and maintain by the Supplemental Interest Trust Trustee pursuant to Section 4.10(a). The primary activities of the Supplemental Interest Trust created pursuant to this Agreement shall be:

Supplemental Interest Trust. The separate trust, established pursuant to Section 4.04(l) of this Agreement and held by the Trustee for the benefit of the holders of the Certificates as a segregated subtrust of the Trust Fund, in which the Swap Agreement will be held, out of which any Swap Termination Payments or Net Swap Payments owed to the Swap Counterparty will be paid, certain distributions to Certificateholders will be made, and into which any Swap Termination Payments or Net Swap Payments received from the Swap Counterparty will be deposited as set forth in Section 4.04 hereof.

Supplemental Interest Trust. The corpus of a trust created pursuant to Section 4.12 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Administration Agreement, the Swap Account and REMIC V Regular Interest IO. For the avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account and the Swap Administration Agreement do not constitute parts of the Trust Fund or any REMIC.

Supplemental Interest Trust. The supplemental interest trust established and maintained pursuant to Section 4.04 and designated as such.

Supplemental Interest Trust. Has the meaning set forth in Section 4.11 of this Agreement.