Base Trust Account definition

Base Trust Account. The account created and maintained pursuant to Section 4.02 hereof.
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Examples of Base Trust Account in a sentence

  • To the extent that the Base Trust Account is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Base Trust Account shall be deemed to refer to credits and debits to the related books of the Trustee.

  • All amounts deposited from time to time in the Base Trust Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Base Trust Account as part of the Base Trust as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 3.04.

  • All amounts deposited from time to time in the Base Trust Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Base Trust Account as part of the Base Trust as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 4.05.

  • All amounts deposited from time to time in the Base Trust Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Base Trust Account as part of the Base Trust as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 4.06.

  • In the event that the amount on deposit in the Base Trust Account on any Distribution Date shall be less than the Group 3 Distribution Amount and Group 4 Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency.

  • In the event that amounts shall remain in the Base Trust Account in any month following the distribution of the Certificate Distribution Amounts for the Group 2, Group 3 and Group 4 Classes for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Section 3.04 hereof.

  • The children themselves may become overconcerned with comparing themselves, looking for differences to indicate that one is better than the other.

  • Any manner or manners in which the Base Trust Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Group 3 and Group 4 Classes so long as funds held in the Base Trust Account by, or for the account of, the Trustee shall at all times be identified.

  • All or a portion of amounts in the Lower Tier Account, the Upper Tier Account or the Base Trust Account maintained with an Eligible Depository pursuant to clause (i) of Section 4.01, 4.02 or 4.03, as applicable, shall be invested and reinvested at the discretion and direction of Xxxxxx Xxx in one or more Eligible Investments bearing interest or sold at a discount.

  • In the event that the applicable amount on deposit in the Base Trust Account on any Distribution Date shall be less than the Group 6 Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency.

Related to Base Trust Account

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • 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.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Owner Trust means the trust created by this Agreement.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • 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.

  • Vehicle Trust Agreement means that certain amended and restated trust agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006 between BMW Manufacturing L.P., as grantor and initial beneficiary, and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee.

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

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

  • 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 the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date hereof, among, among others, the Borrower, the subsidiaries of the Borrower party thereto from time to time as grantors, the MIP Shareholders party thereto from time to time and GLAS Trust Company LLC, in its respective capacities, including as Collateral Trustee.

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

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

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

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • 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.

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

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.