Grantor Trust A-4FL definition

Grantor Trust A-4FL means the portion of the Trust Fund consisting of (i) the Class A-4FL REMIC III Regular Interest and distributions thereon, (ii) the Class A-4FL Swap Agreement and payments by the Class A-4FL Swap Counterparty thereunder and (iii) the Class A-4FL Floating Rate Account, intended to be treated as a "grantor trust" within the meaning of the Grantor Trust Provisions. Grantor Trust A-4FL constitutes a separate common law trust created hereunder.

Grantor Trust A-4FL. The Grantor Trust designated as such in Section 2.18(c).

Examples of Grantor Trust A-4FL in a sentence

• The rights of Holders of the Class A-2FL Certificates, the Class A-4FL Certificates, the Class A-MFL Certificates, the Class A-JFL Certificates and, subject to Section 2.05(b), the Class V Certificates, to receive distributions from the proceeds of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL and Grantor Trust V, respectively, and all ownership interests of such Holders in and to such respective distributions, shall be as set forth in this Agreement.

• Employees will be compensated at the rate of time and one half for those hours actually worked beyond their scheduled workday and/or work week.

• The Class A-4FL Certificates are hereby designated as representing an undivided beneficial ownership interest in Grantor Trust A-4FL.

• The Servicing Accounts shall not be considered part of the segregated pool of assets constituting, REMIC I, REMIC II, Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust Z, Grantor Trust E or Grantor Trust B.

• Any replacement Certificate issued pursuant to this section shall constitute complete and indefeasible evidence of ownership in the applicable REMIC Pool or Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL or, if created hereunder taking into account Section 2.05(b), Grantor Trust V, as applicable, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

• The Class A-2FL Certificates, the Class A-4FL Certificates, the Class A-MFL Certificates, the Class A-JFL Certificates and, subject to Section 2.05(b), the Class V Certificates are hereby designated as representing an undivided interest in Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL and Grantor Trust V, respectively.

• The Depositor shall deposit, or cause the deposit of, the Class A-2FL Swap Agreement into Grantor Trust A-2FL, the Class A-4FL Swap Agreement into Grantor Trust A-4FL, the Class A-MFL Swap Agreement into Grantor Trust A-MFL, and the Class A-JFL Swap Agreement into Grantor Trust A-JFL.

• The other parties hereto shall provide on a timely basis to the REMIC Administrator or its designee such information with respect to Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust Z, Grantor Trust E and Grantor Trust B as is in its possession and reasonably requested by the REMIC Administrator to enable it to perform its obligations under this Section 10.02.

• The Depositor shall deposit, or cause the deposit of, the Class A-4FL Swap Agreement into Grantor Trust A-4FL, the Class A-MFL Swap Agreement into Grantor Trust A-MFL, and the Class A-JFL Swap Agreement into Grantor Trust A-JFL.

• Administrator shall prepare, cause the Trustee to sign and file when due all of the Tax Returns in respect of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust Z, Grantor Trust E and Grantor Trust B.