Grantor Trust. The Class A-S, Class B, Class C, Class PEX and Class V Certificates shall each represent undivided beneficial interests in the portion of the Grantor Trust consisting of the assets set forth opposite such Class in the following table, in each case as described herein. As provided herein, the Certificate Administrator shall not take any actions to cause the portions of the Trust Fund consisting of the Grantor Trust to fail (i) to maintain its status as a “grantor trust” under federal income tax law and (ii) to not be treated as part of any Trust REMIC Pool. Class Designation Corresponding Grantor Trust Assets Class A-S Class A-S Specific Grantor Trust Assets Class B Class B Specific Grantor Trust Assets Class C Class C Specific Grantor Trust Assets Class PEX Class PEX Specific Grantor Trust Assets Class V Class V Specific Grantor Trust Assets
Appears in 16 contracts
Samples: Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C28), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C29), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2014-Lc18)
Grantor Trust. The Class A-S, Class B, Class C, C and Class PEX and Class V Certificates shall each represent undivided beneficial interests in the portion of the Grantor Trust consisting of the assets set forth opposite such Class in the following table, in each case as described herein. As provided herein, the Certificate Administrator shall not take any actions to cause the portions of the Trust Fund consisting of the Grantor Trust to fail (i) to maintain its status as a “grantor trust” under federal income tax law and (ii) to not be treated as part of any Trust REMIC Pool. Class Designation Corresponding Grantor Trust Assets Class A-S Class A-S Specific Grantor Trust Assets Class B Class B Specific Grantor Trust Assets Class C Class C Specific Grantor Trust Assets Class PEX Class PEX Specific Grantor Trust Assets Class V Class V Specific Grantor Trust Assets
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C18)
Grantor Trust. The Class A-S, Class B, Class C, Class PEX and Class V Certificates shall each represent undivided beneficial interests in the portion of the Grantor Trust consisting of the assets set forth opposite such Class in the following table, in each case as described herein. As provided herein, the Certificate Administrator shall not take any actions to cause the portions of the Trust Fund consisting of the Grantor Trust to fail (i) to maintain its status as a “grantor trust” under federal income tax law and (ii) to not be treated as part of any Trust REMIC Pool. Class Designation Corresponding Grantor Trust Assets Class A-S Class A-S Specific Grantor Trust Assets Class B Class B Specific Grantor Trust Assets Class C Class C Specific Grantor Trust Assets Class PEX Class PEX Specific Grantor Trust Assets Class V Class V Specific Grantor Trust AssetsAssets Split Loan Structures
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-Nxs1)
