Forepart definition
Examples of Forepart in a sentence
The Trust shall not take any action that would cause it to fail to be classified as a grantor trust or, if specified in the Forepart, as a partnership, or otherwise, as may be specified in the Forepart for federal income tax purposes.
All Certificates of all Classes at any time Outstanding shall be identical except for differences among the Certificates of the different Classes specified in the Forepart.
Unless otherwise specified in the Forepart, the initial Certificate Registrar shall be the Trustee.
As a condition of exercising any such rights, if the Trust is intended to qualify as a grantor trust, the Trustee may require an opinion of counsel to the effect that exercising such rights would not cause the Trust to fail to qualify as a grantor trust (or fail to have such other qualification as may be specified in the Forepart).
Pending application pursuant to Sections 6.2 or 8.2 hereof, moneys held in the Collection Account shall not be reinvested except as provided in the Forepart.
These Standard Terms shall be of no force and effect unless and until incorporated by reference into the Forepart of a particular Series Trust Agreement (each as defined herein).
Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under the Series Trust Agreement may be taken, given or withheld by Certificateholders evidencing a majority of the Certificate Principal Balance of all Classes or of the Voting Rights if the Voting Rights are allocated by Class in the Forepart.
The following terms and provisions shall govern the Certificates and the Trust subject to contrary terms and provisions expressly set forth in the Forepart of the Series Trust Agreement, which contrary terms and provisions shall control; provided, that no such term or provisions of the Forepart may limit, qualify or conflict with Section 10.11 hereof.
If the Grantee makes a deferral election under Section 5 of the Forepart of the Program, the Grantee shall also be awarded DERs with respect to each deferred Share.
Failure by the Depositor to pay, reimburse or indemnify the Trustee shall not entitle the Trustee to any payment, reimbursement or indemnification from the Trust unless otherwise specified in the Forepart, nor shall such failure release the Trustee from the duties it is required to perform under the Series Trust Agreement.