Covered Trusts definition

Covered Trusts means the same as “covered trust” as defined in the first Whereas of the Settlement Agreement.
Covered Trusts means the following Bear Stearns RMBS trusts that are currently at issue in the Action: Bear Stearns Arm Trust Series 2005-2, Bear Stearns Arm Trust Series 2005-5, Bear Stearns Arm Trust Series 2005-7, Bear Stearns Arm Trust Series 2005-9, and Bear Stearns Arm Trust Series 2006-1.
Covered Trusts means the Thornburg Mortgage Securities Trust 2006-3, Thornburg Mortgage Securities Trust 2006-5, and Thornburg Mortgage Securities Trust 2007-4.

Examples of Covered Trusts in a sentence

  • The Parties do not release any rights to indemnification under the Governing Agreements including the Trustee’s right to indemnification by the Master Servicer of the Covered Trusts.

  • The Parties undertake to use reasonable best efforts to enter into a reasonably satisfactory escrow agreement in the event that an Escrow Account is required, which shall include instructions regarding the payment of the Allocable Shares from the Escrow Account to the Covered Trusts by the Trustee.

  • The Court has jurisdiction over the Petitioner, the Covered Trusts, and all certificateholders and noteholders of the Covered Trusts (the “Trust Beneficiaries”) with respect to the matters determined herein.

  • For avoidance of doubt, for purposes of this Subparagraph 3(c), the term “Covered Trust” shall include any Excluded Covered Trusts.

  • Beginning on the Approval Date, the Master Servicer shall: (i) report monthly to the Trustee, for each Covered Trust, concerning its compliance with the Servicing Improvements required by this Settlement Agreement (the “Monthly Report”); and (ii) pay for an annual attestation report for the Covered Trusts as a group (the “Attestation Report”) to be completed no later than February 15 of each year that any Covered Trust holds Mortgage Loans (or owns real estate related to liquidated Mortgage Loans).

  • The Trustee shall retain a qualified financial advisor (the “Expert”) to make any determinations and perform any calculations that are required in connection with the allocation of the Settlement Payment among the Covered Trusts.

  • The Settlement Payment shall be allocated by the Trustee amongst the Covered Trusts.

  • For purposes of calculating the unpaid principal balance of Excluded Covered Trusts in connection with this Subparagraph 4(b), the unpaid principal balance of Covered Trusts that become Excluded Covered Trusts at the election of Bank of America or Countrywide pursuant to Subparagraph 3(d)(iv) shall not be included.

  • To the extent that any third-party guarantor or financial-guaranty provider with respect to any Covered Trust has rights or obligations independent of the rights or obligations of the Investors, the Trustee, or the Covered Trusts, the release and waiver in Paragraph 9 [of the Settlement Agreement] is not intended to and shall not release such rights, or impair or diminish in any respect such obligations or any insurance or indemnity obligations owed by or to such Person.

  • To the extent that the collateral in any Covered Trust is divided by the Governing Agreements into groups of loans (“Loan Groups”) so that ordinarily only certain classes of Investors benefit from the proceeds of particular Loan Groups, those Loan Groups shall be deemed to be separate Covered Trusts for purposes of the allocation and distribution methodologies set forth below.


More Definitions of Covered Trusts

Covered Trusts means the NAAC 2007-1 Trust and the NAAC 2007-3 Trust.
Covered Trusts means the following WaMu Mortgage Pass-Through Certificates Series (“WaMu”) or WaMu Mortgage Pass-Through Certificates WMALT Series (“WMALT”) RMBS trusts that are or have been at issue in the Action:WaMu 2005-AR15 TrustWaMu 2006-AR19 TrustWMALT 2006-AR7 TrustWaMu 2005-AR17 TrustWMALT 2005-9 TrustWMALT 2006-AR8 TrustWaMu 2005-AR19 TrustWMALT 2006-1 TrustWMALT 2006-AR9 TrustWaMu 2006-AR2 TrustWMALT 2006-2 TrustWMALT 2006-AR10 TrustWaMu 2006-AR6 TrustWMALT 2006-3 TrustWaMu 2007-OA3 TrustWaMu 2006-AR7 TrustWMALT 2006-4 TrustWaMu 2007-OA4 TrustWaMu 2006-AR8 TrustWMALT 2006-5 TrustWaMu 2007-OA5 TrustWaMu 2006-AR9 TrustWMALT 2006-6 TrustWMALT 2007-OA3 TrustWaMu 2006-AR10 TrustWMALT 2006-7 TrustWMALT 2007-HY2 TrustWaMu 2006-AR11 TrustWMALT 2006-8 TrustWaMu 2007-HY1 TrustWaMu 2006-AR12 TrustWMALT 2006-9 TrustWaMu 2007-HY2 TrustWaMu 2006-AR13 TrustWMALT 2006-AR1 TrustWaMu 2007-HY3 TrustWaMu 2006-AR14 TrustWMALT 2006-AR2 TrustWaMu 2007-HY4 TrustWaMu 2006-AR15 TrustWMALT 2006-AR3 TrustWaMu 2007-HY5 TrustWaMu 2006-AR16 TrustWMALT 2006-AR4 TrustWaMu 2007-HY6 TrustWaMu 2006-AR17 TrustWMALT 2006-AR5 TrustWaMu 2007-HY7 TrustWaMu 2006-AR18 TrustWMALT 2006-AR6 Trust

Related to Covered Trusts

  • Covered Trip means scheduled trips, tours or cruises for which (a) coverage is requested: and (b) the required premium is submitted prior to the Scheduled Departure Date.

  • Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.

  • Uninsured Trust means any Trust other than an Insured Trust.

  • Covered Transaction means a transaction that uses any funds under this award and that is a contract, memorandum of understanding, cooperative agreement, grant, loan, or loan guarantee.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Servicer Employee As defined in Section 3.18.

  • Administrator/Benchmark Event means, in respect of any Series of Preference Shares and an Index, any authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register in respect of the Index or the administrator of the Index or the Index Sponsor has not been, or will not be, obtained or has been, or will be, rejected, refused, suspended or withdrawn by the relevant competent authority or other relevant official body, in each case as required under any applicable law or regulation in order for the Company, the Calculation Agent or any other entity to performits or their respective obligations in respect of the Preference Shares or any Related Financial Product, all as determined by the Calculation Agent;

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Permitted Trust means a bona fide trust where each trustee is (i) a Qualified Stockholder, (ii) a Family Member, or (iii) a professional in the business of providing trustee services, including private professional fiduciaries, trust companies and bank trust departments.

  • Purported Record Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 7(b)(ii) of these Articles Supplementary, the record holder of the Series A Preferred Stock if such Transfer had been valid under Section 7(b)(i) of these Articles Supplementary.

  • Successor of a beneficiary means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator, and receiver.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or(ii) rejected, refused, suspended or withdrawn, if the applicable law or regulation provides that the Relevant Benchmark is not permitted to be used under the Securities following rejection, refusal, suspension or withdrawal, or, in each case, if such date occurs before the Issue Date, the Issue Date.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • Rabbi Trust means a “rabbi trust” or other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Underlier Sponsor means S&P Dow Jones Indices LLC.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • Pre-Event Transferee shall have the meaning set forth in Section 7(e) hereof.