Underlying Trust Fund definition

Underlying Trust Fund. The trust fund relating to the Underlying Certificate.
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Underlying Trust Fund. [to be provided or omitted, as applicable].
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Underlying Trust Fund. The trust fund established under the Underlying Trust Agreement in connection with the Underlying Mortgage Loans.
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Examples of Underlying Trust Fund in a sentence

  • If the Trustee is also the Underlying Trustee and the Underlying Trustee resigns or is removed as trustee of the Underlying Trust Fund, then the Depositor or the Holders of Certificates representing at least 25% of the aggregate Certificate Principal Balance of the Certificates then outstanding may, at any time on or after such resignation or removal, remove the Trustee and appoint a successor trustee.

  • Underlying Trust Fund: [to be provided or omitted, as applicable].

  • The Depositor hereby expressly agrees that each Certificateholder, to the extent of its ownership interest in the Underlying Certificates, shall have the same rights against the Depositor, acting in its capacity as depositor with respect to the Underlying Trust Fund, as if such Certificateholder held the Underlying Certificates directly.

  • The Depositor hereby expressly agrees that each Certificateholder, to the extent of its ownership interest in the Underlying Security, shall have the same rights against the Depositor, acting in its capacity as Depositor with respect to the Underlying Trust Fund, as if such Certificateholder held the Underlying Security directly.

  • Xxxxxx Xxx covenants and agrees not to exercise any repurchase right pursuant to Section 10.01 (or any similar provision) under any Underlying Trust Document pursuant to which any Xxxxxx Mae MBS is issued (including any Xxxxxx Xxx MBS included in an Underlying Trust Fund).

  • The Class X Certificateholder shall be treated as the owner of all other amounts held in the Reserve Fund and shall be treated as having written interest rate cap contracts in favor of the LIBOR Certificateholders and has having assumed an interest rate cap contracts with respect to the Underlying Trust Fund represented by the obligation to make Basis Risk Payments to the Underlying Trust Fund.

  • The Depositor hereby expressly agrees that each Certificateholder, to the extent of its ownership interest in the Trust Assets, shall have the same rights against the Depositor, acting in its capacity as depositor with respect to the Underlying Trust Fund, as if such Certificateholder held the Trust Assets directly.

  • These publications address issues of varying degrees of complexity.This paper is structured as follows.

  • In addition, the Trustee shall treat the Class X Certificateholders as having assumed the obligation to make Basis Risk Payments with respect to the Underlying Trust Fund.

  • For purposes of the REMIC Provisions, the Underlying Security currently comprises six regular interests in the Underlying Upper Tier REMIC created as part of the Underlying Trust Fund.


More Definitions of Underlying Trust Fund

Underlying Trust Fund. With respect to the Certificates and the Underlying CMBS, the trust fund created in connection with the issuance of the Underlying CMBS.
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Underlying Trust Fund. As to any Pooled Security, the trust fund in which such Pooled Security evidences a percentage interest.
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Underlying Trust Fund. With respect to the Underlying Certificates, the trust established by the Underlying Trust Agreement providing for the issuance of the Underlying Certificates. Underlying Trustee: U.S. Bank National Association, in its capacity as trustee under the Underlying Trust Agreement, or any successor thereto. Underwriter: Xxxxxx Brothers Inc.
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Underlying Trust Fund. The trust fund established under the Underlying Trust Agreement in connection with the Underlying Mortgage Loans. Underlying Trustee: Xxxxx Fargo Bank, N.A. Underwriter: Xxxxxx Brothers Inc. Underwriter’s Exemption: Prohibited Transaction Exemption 2007-5, 72 Fed. Reg. 13130 (2007), as amended (or any successor thereto), or any substantially similar administrative exemption granted by the U.S. Department of Labor.
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Underlying Trust Fund. The Trust Fund formed by the Underlying Agreement.
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Related to Underlying Trust Fund

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • 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.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • 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.

  • 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.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

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

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • 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."

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

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

  • Grantor Trust means a Trust other than a RIC.

  • Intervening Trust Vehicle with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity that holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as collateral for the CDO.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

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

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.