GRANTING CLAUSE definition

GRANTING CLAUSE. The Issuer hereby Grants to the Indenture Trustee on the Closing Date, as trustee for the benefit of the Noteholders and the Credit Enhancer, all of the Issuer's right, title and interest in and to all accounts, chattel paper, general intangibles, contract rights, payment intangibles, certificates of deposit, deposit accounts, instruments, documents, letters of credit, money, advices of credit, investment property, goods and other property consisting of, arising under or related to whether now existing or hereafter created in any of the following: (a) the Initial Home Loans and any Subsequent Home Loans, and all monies due or to become due thereunder; (b) the Note Payment Account, and all funds or investment property on deposit or credited thereto from time to time and all proceeds thereof; (c) the Capitalized Interest Account, and all funds or investment property on deposit or credited thereto from time to time (other than any income thereon), and the Pre-Funding Account, and all funds or investment property on deposit or credited thereto from time to time; (d) the Policy; and (e) all present and future claims, demands, causes and choses in action in respect of any or all of the foregoing and all payments on or under, and all proceeds of every kind and nature whatsoever in respect of, any or all of the foregoing and all payments on or under, and all proceeds of every kind and nature whatsoever in the conversion thereof, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, checks, deposit accounts, rights to payment of any and every kind, and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing (collectively, the "Trust Estate" or the "Collateral"). The foregoing Grant is made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the Notes, equally and ratably without prejudice, priority or distinction, and to secure compliance with the provisions of this Indenture, all as provided in this Indenture. The foregoing Grant shall inure to the benefit of the Credit Enhancer in respect of draws made on the Policy and amounts owing from time to time pursuant to the Insurance Agreement (regardless of whether such amounts relate to the Notes or the Certificates), and such Grant shall continue in full force a...

GRANTING CLAUSE. The Granting Clause set forth in the Indenture.

GRANTING CLAUSE means the Granting Clause of the Indenture.

Examples of GRANTING CLAUSE in a sentence

• GRANTING CLAUSE NINE All tax refunds, including interest thereon, tax credits and tax abatements and the right to receive or benefit from the same, which may be payable or available with respect to the Real Property.

• GRANTING CLAUSE SIX All awards or payments, including interest thereon, which may heretofore and hereafter be made with respect to the Real Property or any part thereof, whether from the exercise of the right of eminent domain (including but not limited to any transfer made in lieu of or in anticipation of the exercise of said right), or for a change of grade or for any other injury to or decrease in the value of the Real Property.

• GRANTING CLAUSE TEN The right, in the name and on behalf of Mortgagor, to appear in and defend any action or proceeding brought with respect to the Real Property or any part thereof and to commence any action or proceeding to protect the interest of Mortgagee in the Real Property or any part thereof.

• GRANTING CLAUSE FOURTEEN All proceeds, products, offspring, rents and profits from any of the foregoing, including without limitation, those from sale, exchange, transfer, collection, loss, damage, disposition, substitution or replacement of any of the foregoing.

• GRANTING CLAUSE SECOND All right, title and interest of the Issuer in and to all moneys and securities from time to time held by the Trustee under the terms of this Indenture, other than moneys for the payment of the Purchase Price and moneys held in the Rebate Fund.

More Definitions of GRANTING CLAUSE

GRANTING CLAUSE. The Granting Clause set forth in the Indenture. “Ground Lease ”: With respect to any Mortgaged Property the fee interest in which is owned by an Issuer or the related Borrower, the lease agreement, if any, pursuant to which such Issuer leases the land relating to such Mortgaged Property to the related tenant and such tenant owns the buildings and other improvements on such Mortgaged Property. “Guaranty ”: With respect to any Lease or Mortgage Loan, the guaranty, if any, related to such Lease or Mortgage Loan executed by an individual or an Affiliate or parent of the Tenant or Borrower, as applicable, in favor of the lessor or the lender, as applicable. “Hazardous Materials ”: As defined in the Indenture. “Indenture ”: The Second Amended and Restated Master Indenture, dated as of the Applicable Series Closing Date, among the Issuers and the Indenture Trustee, relating to the issuance of the Notes, including all amendments, supplements and other modifications thereto and any additional indenture between the Indenture Trustee and any Issuer. “Indenture Trustee ”: Citibank, N.A., a national banking association, in its capacity as indenture trustee under the Indenture, or its successor in interest or any successor indenture trustee appointed as provided in the Indenture. “Indenture Trustee Fee ”: As defined in the Indenture. 10 US-DOCS\ 96557504.7 102826315.7

GRANTING CLAUSE. SECOND All funds deposited in the Accounts and Eligible Investments thereof, to the extent provided in this Indenture, and proceeds thereof;

GRANTING CLAUSE means the provisions of this Agreement and/or the applicable Supplement effecting the grant by the Issuer to the Trustee of a security interest in the Pledged Assets as described in the Recitals hereto.

GRANTING CLAUSE means the portion of the Security Agreement under the heading “GRANTING CLAUSE.”

GRANTING CLAUSE means the granting clause of the Security Agreement.

GRANTING CLAUSE means the Granting Clause of the CSA.

GRANTING CLAUSE. The Corporation hereby grants, bargains, sells, and conveys unto the Trustee, and the Trust hereby created, all of its right, title and interest in and to the collateral described in Exhibit "A" attached hereto and made a part hereof (the "Collateral") and grants a continuing security interest therein for the purposes herein expressed. TO HAVE AND TO HOLD the Collateral, together with all the appurtenances thereto appertaining (said properties, rights, privileges and franchises including any cash and securities hereafter deposited or required to be deposited with the Trustee herein collectively called the "Trust Estate") unto the Trustee and its successors and assigns forever.