Down Trust definition

Down Trust shall have the meaning set forth in the Recitals to this Trust Agreement.
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Down Trust has the meaning set forth in the Cover Page.
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Down Trust shall have the meaning set forth in the preamble.
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Examples of Down Trust in a sentence

  • The fixed expenses of both the Up Trust and the Down Trust are expected to equal approximately $600,000 per year for each trust.

  • The Mohawk Valley is a natural passageway connecting the Atlantic Ocean, by way of the Hudson Valley with the interior of North America.

  • As a result, the underlying value of the Down Trust on the day following each distribution date will reflect a relative decrease from the underlying value on that distribution date which will be unrelated to any movement in the level of the Reference Value of the Index.

  • On each distribution date, the Down Trust will declare a distribution on the Down MacroShares.

  • The Plan Administrator shall not be, and is not, authorized to engage in any trade or business with respect to the Wind-Down Trust Assets, and shall engage only in activity reasonably necessary to, and consistent with, the liquidating purpose of the Wind- Down Trust.

  • Furthermore, any delegation of duties by the Administrative Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Down Trust, in the Trust Assets which shall secure the obligations of the Up Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.

  • Furthermore, any delegation of duties by the Marketing Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • This quarterly distribution will be made out of the income, if any, that the Down Trust holds on deposit after it has deposited the fee deduction amount for the preceding calculation period into the fee payment account, either made or received the quarterly payment under the income distribution agreement, and acquired treasuries with an aggregate purchase price equal to the aggregate par amount of the outstanding Down MacroShares.

  • Each MacroShares Trust will either be an "Up Trust" which will issue "Up MacroShares" or a "Down Trust" which will issue "Down MacroShares" (together with the Up MacroShares, the "MacroShares").

Related to Down Trust

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

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

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

  • 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.

  • 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.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • 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.

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

  • 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.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

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

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

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

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in August of each year, commencing in August 2024.

  • 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;

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • 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."

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

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

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.