Accepting Trusts definition

Accepting Trusts means the 314 residential mortgage-backed securitization trusts listed on Exhibit A to the First Amended Petition.
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Accepting Trusts means the Trusts for which an Accepting Trustee has accepted the Settlement Agreement pursuant to Section 2.03.
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Examples of Accepting Trusts in a sentence

  • In the event that all Trusts become Accepting Trusts and no Trusts become Excluded Trusts, the Allocated Percentage for each Trust will be the same as set forth on Exhibit H.

  • Each of the Accepting Trustees acted within the bounds of its discretion, reasonably, and in good faith with respect to its evaluation and acceptance of the RMBS Settlement Agreement concerning the applicable Accepting Trust(s).

  • After an eight and a half month evaluation period, culminating in the Trustees’ consideration of the experts’ advice, the Trustees commenced this proceeding for the purpose of seeking judicial instructions and approval of their acceptance of the settlement offer on behalf of the Accepting Trusts.

  • Even though the inductive approach has a strong tradition in qualitative research (ibid.), it is not feasible in this research.

  • The Settlement is a better result for the Accepting Trusts and the Certificateholders of the Accepting Trusts than rejecting the Settlement with no certainty of any amounts that might otherwise be obtained with respect to putative representation and warranty claims and servicing claims for the Accepting Trusts, much less amounts exceeding the Settlement Payment for each Accepting Trust.

  • They reflect the negotiated compromise between the Institutional Investors and JPMorgan, accepted by the Trustees on behalf of the Accepting Trusts, of the asserted or unasserted claims by the Trustees on behalf of the Trusts that JPMorgan (i) must repurchase loans as to which it allegedly has breached representations and warranties, and (ii) violated prudent servicing obligations under various provisions of the Governing Agreements.

  • In short, it requires JPMorgan to pay up to $4.5 billion (“Settlement Payment”), allocated among the Accepting Trusts pursuant to a methodology agreed-upon between the Institutional Investors and JPMorgan that accounts for past and expected future losses associated with the Mortgage Loans in each Trust, and reduced by the allocable share of Trusts for which the relevant Trustee did not accept the Settlement.

  • And it provides a benefit even to the thousands of Certificateholders of the Accepting Trusts among the majority of investors that have never sought to direct, or would have difficulty directing, the Trustees to investigate or bring any claims under the Governing Agreements.

  • References in this petition to Trusts and Accepting Trusts are intended to include loan groups where applicable.

  • The Trustees will consent to timely appearances or motions to intervene filed by any investor with current holdings in any of the Accepting Trusts.

Related to Accepting Trusts

  • Trusts shall have the meaning set forth in Section 3.02.

  • the Trusts means the Macfarlane Trust, the Macfarlane (Special Payments) Trust and the Macfarlane (Special Payments) (No. 2) Trust;

  • Other Trusts Means the Continental Airlines Pass Through Trust 2001-1A-1-O, the Continental Airlines Pass Through Trust 2001-1A-2-O and the Continental Airlines Pass Through Trust 2001-1B-O, created by the Other Agreements.

  • 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.

  • Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

  • Additional Member means a Person admitted as a Member of the Company as a result of an issuance of Shares to such Person by the Company.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • 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."

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • SUBI has the meaning set forth in the Recitals.

  • REMIC IV The segregated pool of assets consisting of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-4 Interest), with respect to which a separate REMIC election is to be made.

  • Titling Trust Agreement means the Amended and Restated Trust Agreement, dated as of April 30, 2012, by and between GE Capital Title Holding Corp., a Delaware corporation, as settlor and initial beneficiary and Wilmington Trust Company, a Delaware trust company, as UTI trustee, Administrative trustee and Delaware trustee.

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • 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.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • 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.

  • REMIC I The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is to be made, consisting of (i) such Mortgage Loans as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof, (ii) any REO Property, together with all collections thereon and proceeds thereof, (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies required to be maintained pursuant to this Agreement and any proceeds thereof, (iv) the Depositor’s rights under each of the Mortgage Loan Purchase Agreement and the Assignment and Assumption Agreement (including any security interest created thereby) and (v) the Collection Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount), the Distribution Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount) and any REO Account and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes all payments and other collections of principal and interest due on the Mortgage Loans on or before the Cut-off Date and all Prepayment Premiums payable in connection with Principal Prepayments made on or before the Cut-off Date, the Net WAC Reserve Fund, the Supplemental Interest Trust, the Supplemental Interest Account and the Swap Agreement.

  • Voting Trust Agreement means the Voting Trust Agreement entered into ---------------------- as of April 15, 1996 by and among Xxxxxx X. Xxxx; Xxxxx X. Xxxx, Xx.; Xxxxx X. Xxxx, Xx.; and F. Xxxxxx Xxxxxxx as the Voting Trustees and the stockholders of LSAI Holding Corp. who are parties thereto.

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • Non-Managing Member means any Member other than the Managing Member.

  • Non-Lead Sponsor means the Note A-2 Holder in its capacity as the sponsor with respect to the Non-Lead Securitization Note in connection with the Non-Lead Securitization.

  • Vehicle Trust Agreement has the meaning set forth in the Recitals.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • REMIC II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, with respect to which a separate REMIC election is to be made.

  • Existing Owner means (a) with respect to and for the purpose of dealing with the Auction Agent in connection with an Auction, a Person who is a Broker-Dealer listed in the Existing Owner Registry at the close of business on the Business Day immediately preceding the Auction Date for such Auction and (b) with respect to and for the purpose of dealing with the Broker-Dealers in connection with an Auction, a Person who is a beneficial owner of Auction Rate Notes.

  • state trust land means land owned by the state-