Applicable Trust definition

Applicable Trust. Has the meaning specified in the recitals hereto.

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Applicable Trust has the meaning specified in Section 2.01 of this Trust Supplement.

Applicable Trust means either the BCSP IV Illinois Trust, the 10/120 Trust or the OFP Trust, to the extent applicable.

Examples of Applicable Trust in a sentence

• The parties hereto intend that the Applicable Trust be classified for U.S. federal income tax purposes as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of 1986, as amended, and not as a trust or association taxable as a corporation or as a partnership.

• Each Applicable Certificateholder and Investor, by its acceptance of its Applicable Certificate or a beneficial interest therein, agrees to treat the Applicable Trust as a grantor trust for all U.S. federal, state and local income tax purposes.

• The Applicable Certificates shall be the only instruments evidencing a fractional undivided interest in the Applicable Trust.

• Each Applicable Certificate represents a fractional undivided interest in the Applicable Trust created hereby.

• All replacements of provisions of, and other modifications of the Basic Agreement set forth in this Trust Supplement are solely with respect to the Applicable Trust.

More Definitions of Applicable Trust

Applicable Trust has the meaning set forth on Schedule A-2.

Applicable Trust means each statutory trust and each separate pass through trust created under the Applicable Trust Agreements.

Applicable Trust means the trust operated pursuant to the JLW Procon Trust Deed or JLW Transact Trust Deed, as applicable.

Applicable Trust means the trust operated pursuant to the Transact (NZ) Trust Deed or Transact (AUS) Trust Deed, as applicable.

Applicable Trust means (i) with respect to ▇▇▇▇ ▇▇▇▇▇▇▇, the J&J ▇▇▇▇▇▇▇ Trust; and (ii) with respect to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, the ▇▇▇▇▇▇▇ Family Trust.

Applicable Trust means any Trust which has assigned to Lender its right, title and interest in and to any Contract or Instrument.

Applicable Trust. Has the meaning specified in the recitals hereto. ASSIGNMENT AND ASSUMPTION AGREEMENT: Means the assignment and assumption agreement substantially in the form of Exhibit C to the Related Pass Through Trust Supplement executed and delivered in accordance with Section 7.01 of the Related Trust Supplement.