Grantor definition
Examples of Grantor in a sentence
Promptly after the execution by the Issuer[, the Grantor Trust] and the Indenture Trustee of any supplemental indenture pursuant to this Section 9.2, the Indenture Trustee shall mail [(A)] to the Holders of the Notes to which such amendment or supplemental indenture relates a notice setting forth in general terms the substance of such supplemental indenture [and (B) to the Swap Counterparty a copy of such amendment or supplemental indenture].
Except as stated in Section 5.04, this Agreement may not be assigned by the Asset Representations Reviewer without the consent of the Issuer[, the Grantor Trust] and the Servicer.
Upon delivery of any such notice to the Issuer [and the Grantor Trust], the Issuer [and the Grantor Trust] shall appoint a new servicer as the Successor Servicer under the Sale and Servicing Agreement.
For so long as any Notes are Outstanding, the Issuer [and the Grantor Trust] shall not remove the Administrator without cause unless the Rating Agency Condition shall have been satisfied with respect to such removal.
The Indenture Trustee may resign as the Servicer by giving written notice of such resignation to the Issuer [and the Grantor Trust] and in such event shall be released from such duties and obligations, such release not to be effective until the date a new servicer enters into a servicing agreement with the Issuer [and the Grantor Trust] as provided below.