Grantor Trust definition

Grantor Trust means a Trust other than a RIC.

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Grantor Trust. A segregated asset pool within the Trust Fund, which at all times shall be treated as a “grantor trust” under the Grantor Trust Provisions, consisting of the VRR Specific Grantor Trust Assets, the Class S Specific Grantor Trust Assets and the Excess Interest Distribution Account, beneficial ownership of which is represented by the Grantor Trust Certificates.

Grantor Trust. A grantor trust as defined under subpart E of part 1 of subchapter J of the Code.

Examples of Grantor Trust in a sentence

• In addition, no amendment may be made under the Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the Code.

• The portion of the Trust Fund consisting of the Post-ARD Additional Interest with respect to the Trust Loan and related proceeds will be treated as a grantor trust (the “Grantor Trust”) for federal income tax purposes, and the Sequential Pay Certificates, Class RR Certificates and the RR Interest will represent undivided beneficial interests in such Class’s or RR Interest’s entitlements to the Grantor Trust.

• The Certificate Administrator shall make available (via its website) WHFIT information with respect to the Grantor Trust to the Certificateholders annually.

• In furtherance of such intention, the Certificate Administrator shall not intentionally or knowingly vary the assets of the Grantor Trust so as to take advantage of market fluctuations so as to improve the rate of return of the Regular Certificates.

• As provided herein, the Certificate Administrator shall take all actions expressly required hereunder to ensure that the portion of the Trust Fund consisting of the Grantor Trust maintains its status as a grantor trust under federal income tax law and not be treated as part of the Trust REMICs.

More Definitions of Grantor Trust

Grantor Trust. As specified in the Preliminary Statement.

Grantor Trust. That certain "grantor trust" (within the meaning of the Grantor Trust Provisions), the assets of which are the Grantor Trust Assets.

Grantor Trust. A segregated asset pool within the Trust Fund treated as a “grantor trust” under subpart E, part I of subchapter J of the Code, consisting of the assets described in the Preliminary Statement hereto.

Grantor Trust. A segregated asset pool within the Trust Fund consisting of (i) the Excess Interest and (ii) the Excess Interest Distribution Account and all funds and assets held from time to time on deposit in the Excess Interest Distribution Account.

Grantor Trust means a grantor trust under Subpart E of Part 1 of Subchapter J of the Code.

Grantor Trust. That portion of the Trust exclusive of the REMICs consisting of (a) the right of the Class 1-CB-1 Certificates to receive amounts from the Reserve Fund and (b) the Yield Maintenance Agreement and the Reserve Fund.

Grantor Trust has the meaning set forth in the Preliminary Statement hereto.