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-QR19" 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 "JP Morgan Chase Bank, as trustee, xx xxxxx for the registered holders of Residential Asset Mortgage Products, Inc., Mortgage Trust Certificates, Series 2004-JR1" 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 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

Examples of Trust Certificate Account in a sentence

  • The foregoing requirements for deposit in the Trust Certificate Account shall be exclusive.

  • In the event that Certificateholders required to surrender their Trust Certificates pursuant to Section 6.01(b) do not surrender their Trust Certificates for final cancellation, the Trustee shall cause funds distributable with respect to such Trust Certificates to be withdrawn from the Trust Certificate Account and credited to a separate escrow account for the benefit of such Certificateholders as provided in Section 6.01(b).

  • The amount of any losses incurred in respect of any such investments shall be deposited in the Grantor Trust Certificate Account by the Master Servicer out of its own funds immediately as realized without any right of reimbursement.

  • The amount of any losses incurred in respect of any such investments shall be paid by the Trustee for deposit in the Certificate Account (or Grantor Trust Certificate Account, as applicable) out of its own funds, without any right of reimbursement therefor, immediately as realized.

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

  • 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.

  • In the event that the Grantor Trust Certificateholder required to surrender its Grantor Trust Certificate pursuant to Section 7.01(c) does not surrender its Grantor Trust Certificate for final cancellation, the Grantor Trustee shall cause funds distributable with respect to the Grantor Trust Certificate to be withdrawn from the Grantor Trust Certificate Account and credited to a separate escrow account for the benefit of the Grantor Trust Certificateholder as provided in Section 7.01(d).

  • 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 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.

  • More hands mean more land is farmed and more food is grown; a larger family helps diversify income sources and manage risk; some land improvement and intensification practices are labor intensive and require a larger pool of household and/or hired labor; a large family is a sign of household standing in the community, and can help ensure that parents are cared for in their old age.


More Definitions of Trust Certificate Account

Trust Certificate Account means the trust accounts created and maintained pursuant to Section 6.02.
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. 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

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 Person in the trust established by the Trust Agreement and substantially in the form attached as Exhibit A to such 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 The registered holder of a Class A Certificate.

  • 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) may 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.