Trust Certificate Account definition

Trust Certificate Account. The separate account or accounts created and maintained pursuant to Section 3.03 hereof, which shall be entitled "Deutsche Bank Trust Company Americas, as trustee, in trust for the registered holders of Residential Accredit Loans, Inc., Mortgage Trust Certificates, Series 2003-QR24" and which must be an Eligible Account. Funds deposited in the Trust Certificate Account shall be held in trust for the Certificateholders for the uses and purposes set forth in Article III hereof.
Sample 1
Trust Certificate Account. The separate account or accounts created and maintained pursuant to Section 3.03 hereof, which shall be entitled "JPMorgan Chase Bank, as trustee, in trust for the registered holders of Residential Funding Mortgage Securities I, Inc., Mortgage Trust Certificates, Series 2004-SR1" and which must be an Eligible Account. Funds deposited in the Trust Certificate Account shall be held in trust for the Certificateholders for the uses and purposes set forth in Article III hereof.
Sample 1
Trust Certificate Account. The separate account or accounts created and maintained pursuant to Section 3.03 hereof, which shall be entitled “Xxxxx Fargo Bank, N.A., as agent for the Trustee, in trust for the registered holders of CSMC Trust 2007-5R, Mortgage Trust Certificates, Series 2007-5R” and which must be an Eligible Account. Funds deposited in the Trust Certificate Account shall be held in trust for the Certificateholders for the uses and purposes set forth in Article III hereof. Trustee: U.S. Bank National Association or its successor in interest, or any successor trustee appointed as herein provided.
Sample 1

Examples of Trust Certificate Account in a sentence

  • The Certificate Account (or Grantor Trust Certificate Account, as applicable) shall relate solely to the Certificates issued hereunder and funds in the Certificate Account (or Grantor Trust Certificate Account, as applicable) shall be held separate and apart from and shall not be commingled with any other monies including, without limitation, other monies of the Trustee held under this Agreement.

  • The Grantor Trust Certificate Account shall be an Eligible Account.

  • If the existing Certificate Account (or Grantor Trust Certificate Account, as applicable) ceases to be an Eligible Account, the Trustee shall establish a new Certificate Account that is an Eligible Account within 20 Business Days and transfer all funds and investment property on deposit in such existing Certificate Account into such new Certificate Account.

  • The Trustee shall give to the Depositor, Master Servicer and any NIMS Insurer prior written notice of the name and address of the depository institution at which the Certificate Account (or Grantor Trust Certificate Account, as applicable) is maintained and the account number of such Certificate Account (or Grantor Trust Certificate Account, as applicable).

  • As provided in the Agreement, withdrawals from the Trust Certificate Account created for the benefit of Certificateholders may be made by the Certificate Administrator from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement of certain expenses incurred by the Certificate Administrator, the Company or the Trustee.

  • The Grantor Trustee shall not be accountable for the use or application by the Depositor of the Grantor Trust Certificate or of the proceeds of the Grantor Trust Certificate, or for the use or application of any funds paid to the Depositor in respect of the Home Loans or deposited in or withdrawn from the Custodial Account or the Grantor Trust Certificate Account by the Depositor or the Master Servicer.

  • Moreover, additional servicing compensation in the form of late payment charges, investment income on amounts in the Custodial Account and the Grantor Trust Certificate Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02 shall be retained by the Master Servicer.

  • Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

  • Except as otherwise provided herein, the Trustee shall not be accountable for the use or application by the Company or the Certificate Administrator of any of the Trust Certificates or of the proceeds of such Trust Certificates, or for the use or application of any funds paid to the Company in respect of the Underlying Certificates deposited in or withdrawn from the Trust Certificate Account by the Company.

  • The Trustee shall promptly deposit in the Trust Certificate Account the final distribution received upon presentation and surrender of the Underlying Certificates.


More Definitions of Trust Certificate Account

Trust Certificate Account. The trust account or accounts, which shall at all times be Eligible Accounts, created and maintained by the Trustee pursuant to Section 3.03. Funds deposited in the Trust Certificate Account shall be held in trust for the Certificateholders for the uses and purposes set forth in Article III hereof. Trustee: __________________, a _____________ banking corporation or its successor in interest, or any successor trustee appointed as herein provided.
Sample 1
Trust Certificate Account. The separate account or accounts created and maintained pursuant to Section 3.02 hereof, which shall be entitled "[____________], as trustee, in trust for the registered holders of Mortgage Pass-Through Certificates Series 20[__-__]" and which must be an Eligible Account. Funds deposited in the Trust Certificate Account shall be held in trust for the Certificateholders for the uses and purposes set forth in Article III hereof.
Sample 1
Trust Certificate Account means the trust accounts created and maintained pursuant to Section 6.02.
Sample 1

Related to Trust Certificate Account

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.