TRUST FUND OR TRUST definition

TRUST FUND OR TRUST. The corpus of the trust created by this Agreement, consisting of the Mortgage Loans and the other assets described in Section 2.01(a).
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TRUST FUND OR TRUST. The corpus of the trust created hereunder consisting of (i) the Mortgage Loans and all interest accruing and principal due with respect thereto after the Cut-off Date to the extent not applied in computing the Cut-off Date Principal Balance thereof; (ii) the Distribution Account, the Class I-P Certificate Account, the Class II-P Certificate Account, the Reserve Funds and the Protected Account and all amounts deposited therein pursuant to the applicable provisions of this Agreement; (iii) property that secured a Mortgage Loan and has been acquired by foreclosure, deed in lieu of foreclosure or otherwise; (iv) the mortgagee’s rights under the Insurance Policies with respect to the Mortgage Loans; (v) the rights under the Swap Administration Agreement relating to the Certificates; (vi) the rights under the Mortgage Loan Purchase Agreement; and (vii) all proceeds of the foregoing, including proceeds of conversion, voluntary or involuntary, of any of the foregoing into cash or other liquid property. Trustee: LaSalle Bank National Association, for the benefit of the Certificateholders under this Agreement, a national banking association and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee as may from time to time be serving as successor trustee hereunder.
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TRUST FUND OR TRUST. The corpus of the trust created by this Agreement, consisting of the Underlying Certificates, the Swap Agreement and the other assets described in Section 2.01.
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Examples of TRUST FUND OR TRUST in a sentence

  • ADFP Trust Fund," or "Trust Fund" means the Agricultural Development and Farmland Preservation Trust Fund.

  • The relevant Managing Agent shall advise the Trustee at the time any further contribution is made of its amount and the Trust Fund or Trust Funds to which it is made.

  • The Trust Fund of each Underwriter may, unless the Council shall otherwise direct, be commingled with the Trust Fund or Trust Funds of one or more other Underwriters.

  • Where use of such funds is made notional internal journal entries shall be made reflecting the value of forgone investment earnings as a cost to the programme for which the funds were borrowed and crediting the relevant investment earnings budget account for the fund/reserve account from which the funds were “borrowed”.Under no circumstances shall funds be “borrowed” from the Trust Fund or Trust accounts.

  • The minimum load shall be as specified by the manufacturer, but not less than 10 divisions since the use of a device to weigh light loads is likely to result in relatively large errors.(Added 1997) UR.3.2. Maximum Load.


More Definitions of TRUST FUND OR TRUST

TRUST FUND OR TRUST. The corpus of the trust created by this Agreement, consisting of the Mortgage Loans and the other assets described in Section 2.01(a). Trustee: U.S. Bank National Association, or its successor in interest, or any successor trustee appointed as herein provided.
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TRUST FUND OR TRUST. The corpus of the trust created pursuant to this Agreement, consisting of the Mortgage Loans (other than any Retained Interest), the assignment of the Depositor's rights under the Mortgage Loan Sale Agreement and the Participation Agreement, the Participations, the Additional Collateral, such amounts as shall from time to time be held in the Collection Account, the Certificate Account, any Escrow Account, the Insurance Policies, any REO Property and the other items referred to in, and conveyed to the Trustee under, Section 2.01(a).
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TRUST FUND OR TRUST. Any one of the separate trusts created by this Agreement and a Trust Agreement which shall consist of the Securities and all undistributed dividends or other amounts received thereon and any undistributed cash held in the Capital and Income Accounts or otherwise realized from the sale, liquidation or exchange thereof, exclusive of any amounts which may be on deposit in the Reserve Account.
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TRUST FUND OR TRUST. With respect to a Series, the pool of assets subject hereto in which the Certificates of such Series represent a beneficial interest, constituting the related Trust created hereby and to be administered hereunder with respect to such Series, consisting of: (i) the related Mortgage Loans and all rights pertaining thereto including all interest and principal due with respect to such Mortgage Loans after the Cut-off Date, but excluding any payments of principal or interest due on or prior to the Cut-off Date; (ii) such assets as from time to time shall be credited or are required by the terms of this Agreement to be credited to the Certificate Account with respect to such Series, excluding any income to the Master Servicer from Permitted Investments under Section 4.01(a); (iii) such assets as from time to time may be held by the Master Servicer in the Master Servicer Collection Account, excluding any income to the Master Servicer from Permitted Investments under Section 4.01(a)); (iv) any Protected Accounts or Servicing Accounts with respect to such Series (to the extent the mortgagee has a claim thereto and excluding any income to the applicable Sub-Servicer or interest payable to Mortgagors pursuant to applicable law); (v) any REO Property with respect to such Series; (vi) the Required Insurance Policies and any amounts paid or payable by the Insurer under any Insurance Policy (to the extent the mortgagee has a claim thereto) with respect to such Series; (vii) the Mortgage Loan Purchase Agreement and the Assignment Agreement to the extent provided in Section 2.04(a); and (viii) any and all proceeds of the foregoing. The Trust Fund relating to Series 1998-2A shall include the Mortgage Loans identified on the Group 1 Mortgage Loan Schedule, and the Trust Fund relating to Series 1998-2B shall include the Mortgage Loans identified the Group 2 Mortgage Loan Schedule. Reference to Holders of Certificates evidencing Fractional Undivided Interests aggregating not less than a certain percentage of the Trust of a particular Series means Holders of Certificates the aggregate Fractional Undivided Interests of such Series of which, as indicated on the face thereof, is not less than such percentage.
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TRUST FUND OR TRUST. The trust created by this Agreement, consisting of the XXXx and the other assets described in Section 2.01(a).
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TRUST FUND OR TRUST means all of the assets of the Plan held by the Trustee at any time under the Trust Agreement.
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Related to TRUST FUND OR TRUST

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Grantor Trust means a Trust other than a RIC.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Plan Trust means the trust governed by the Plan.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • REMIC Trust means a “real estate mortgage investment conduit” within the meaning of Section 860D of the Code that holds the Note.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Master Trust means Citibank Credit Card Master Trust I.