Accounts of the Trust Sample Clauses

Accounts of the Trust. Subject to the provisions of Section 2.08(a) and (b) hereof, at any time and from time to time the Depositor, with the written consent of the Class B Certificateholder may direct the Owner Trustee to establish one or more accounts of the Trust in the State of Delaware and the State of New York, in the name of the Owner Trustee as trustee of the Trust, for the operations of the Trust. Any funds in any account of the Trust that the Depositor believes are not needed for purposes of such account shall be applied in accordance with the Spread Account Agreement and Section 2.04.
Sample 1
Accounts of the Trust. 27 9.02. Investment of Amounts on Deposit in Accounts of the Trust............ 28 ARTICLE X Miscellaneous
Sample 1
Accounts of the Trust. Subject to the provisions of Section 2.09(a) and (b) hereof, at any time and from time to time the Co-Trustees may direct the Owner Trustee to establish one or more accounts of the Trust, in the name of the Owner Trustee as trustee of the Trust, for the operations of the Trust. Any funds in any account of the Trust that the Co-Trustees believe are not needed for purposes of such account shall be applied in accordance with Section 2.04.
Sample 1

Related to Accounts of the Trust

  • Expenses of the Trust Other than as provided for in Sections 1 and 3, the Trust shall be responsible for all of its own fees, expenses, charges, assessments, taxes, and other costs incurred in its operations, whether incurred directly by the Trust or incurred by the Manager on behalf of the Trust (together, “fees and expenses”). Such fees and expenses payable by the Trust shall include, but are not limited to:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Rights of the Trustee (A) The Trustee may conclusively rely on any document that it believes to be genuine and signed or presented by the proper Person, and the Trustee need not investigate any fact or matter stated in such document.

  • Reserve Accounts All reserves, escrows and deposit accounts required under the Loan Documents and all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

  • Management of the Trust The business and affairs of the Trust shall be managed by or under the direction of the Trustees, and they shall have all powers necessary or desirable to carry out that responsibility. The Trustees may execute all instruments and take all action they deem necessary or desirable to promote the interests of the Trust. Any determination made by the Trustees in good faith as to what is in the interests of the Trust shall be conclusive. In construing the provisions of this Declaration, the presumption shall be in favor of a grant of power to the Trustees.

  • Administration of the Trust Fund Section 4.01

  • Obligations of the Trust This Agreement is executed by and on behalf of the Trust and the obligations of the Trust hereunder are not binding upon any of the trustees, officers or shareholders of the Trust individually but are binding only upon the Trust and with respect to the Funds to which such obligations pertain.

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