Grantor Trust Assets definition

Grantor Trust Assets means, subject to Section 2.05(b), any collections of Additional Interest Received by the Trust with respect to any ARD Trust Mortgage Loans and any successor REO Trust Mortgage Loans with respect thereto.

Grantor Trust Assets. Any Excess Interest.

Grantor Trust Assets. The segregated pool of assets consisting of (i) any Additional Interest with respect to the ARD Loans after their respective Anticipated Repayment Dates and (ii) amounts held from time to time in the Additional Interest Account.

Examples of Grantor Trust Assets in a sentence

• Therefore, a Unit holder will be considered as owning a pro rata share of each of the Grantor Trust Assets in the proportion that the number of Units held by him or her bears to the total number of Units outstanding.

• The Depositor hereby conveys all right, title and interest in and to any VRR Specific Grantor Trust Assets, any Class S Specific Grantor Trust Assets and any other property constituting the Grantor Trust to the Trustee, receipt of which is hereby acknowledged.

• In addition, the parties intend that the portion of the Trust Fund consisting of any VRR Specific Grantor Trust Assets and any Class S Specific Grantor Trust Assets will be treated as a grantor trust under subpart E of Part I of subchapter J of the Code.

• As provided herein, the Certificate Administrator will elect that two segregated portions of the Trust Fund (other than any VRR Specific Grantor Trust Assets and any Class S Specific Grantor Trust Assets) be treated for federal income tax purposes as two separate REMICs (designated as the “Upper-Tier REMIC” and the “Lower-Tier REMIC”, respectively).

• All of the assets of a Grantor Trust constitute the "Trust’s Assets." You have not requested us to examine, and accordingly we have not examined, any of the Grantor Trust Assets and express no opinion as to the federal income tax treatment thereof.

More Definitions of Grantor Trust Assets

Grantor Trust Assets. The portion of the Trust Fund consisting of the Grantor Trust Pool.

Grantor Trust Assets. Any Additional Interest with respect to the ARD Loans after their respective Anticipated Repayment Dates and amounts held from time to time in the Distribution Account that represent Additional Interest.

Grantor Trust Assets. The portion of the Trust Fund consisting of any collections of Post-ARD Additional Interest Received by the Trust with respect to the Mortgage Loans that are ARD Mortgage Loans and/or any successor REO Mortgage Loans with respect thereto.

Grantor Trust Assets. As defined in Section 10.5.

Grantor Trust Assets. Any Prepayment Penalty Amounts collected with respect to the Mortgage Pool.

Grantor Trust Assets means, collectively, the assets of Grantor Trust A-2FL, Grantor Trust A-4FL, Grantor Trust A-MFL, Grantor Trust A-JFL and, subject to Section 2.05(b), Grantor Trust V.

Grantor Trust Assets. Any Prepayment Penalty Amounts collected with respect to Pool 1, Pool 2, Pool 3 or Pool 4.