Grantor Trusts definition

Grantor Trusts. The grantor trusts described in Section 2.07 hereof.
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Grantor Trusts. Collectively, the Additional Interest Grantor Trust and the Class A-5FL Grantor Trust.
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Grantor Trusts means the one or more trusts described in the Bell Atlantic Rabbi Trust Agreement and any similar trust agreements to which one or more Bell Atlantic Companies are parties as co-grantors, and which are designed (i) to qualify as grantor trusts within the meaning of Sections 671 through 679 of the Internal Revenue Code, and (ii) to satisfy the rules applicable to so-called "rabbi trusts" as described in rulings and announcements of the Internal Revenue Service and the Department of Labor.
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Examples of Grantor Trusts in a sentence

  • We are of the opinion that, under existing United States Federal income tax law, the Grantor Trusts are not associations taxable as corporations for Federal income tax purposes but will be classified as grantor trusts and will be governed by the provisions of subchapter J (relating to trusts) of chapter 1, of the Internal Revenue Code of 1986 (the "Code").

  • The Company recognizes Joint Tenancy with Right of Survivorship and use of Grantor Trusts as legal means of holding a Forever Business and in the event of an FBO’s death, a means of transferring the Forever Business to the Survivor or named beneficiary respectively without having to go through probate proceeding to get the property to the intended heir.

  • For purposes of this opinion, we are assuming that the Grantor Trusts will at all times be operated in accordance with the Indenture and that the parties to the Indenture will at all times fully comply with the terms of the Indenture.

  • Failure to operate the Grantor Trusts at all times in accordance with the Indenture or failure to comply fully at all times with the terms of the Indenture could result in federal income tax treatment different from that described below.

  • The purchase committee of corporation or at the level of Board of Directors, RMSC may permit the firm to submit Bank Guarantee issued by any nationalized bank (the validity of bank guarantee should be up to 6 months after completion of guarantee period) also for the part (up to 50%) or full amount (where the amount exceeds Rs. 10.00 Lacs) in lieu of demand draft/Bankers cheque in appropriate cases towards security deposit.

  • Failure to operate the Grantor Trusts at all times in accordance with the Indenture and the Prospectus or failure to comply fully at all times with the terms of the Indenture could result in Federal income tax treatment different from that described below.

  • The Company recognizes Joint Tenancy with Right of Survivorship and use of Grantor Trusts as legal means of holding an FLP Distributorship and in the event of a distributor’s death, a means of transferring the distributorship to the Survivor or named beneficiary respectively without having to go through probate proceeding to get the property to the intended heir.

  • The indemnity, which is provided solely by the LLC or each of the Grantor Trusts, as applicable, survives termination of the respective agreements.

  • Hesch, Deferred Payment Sales to Grantor Trusts, GRATs and Net Gifts: Income and Transfer Tax Elements, 24 Tax Mgmt.

  • The consolidated financial statements include the accounts and operations of the LLC as well as the Grantor Trusts.


More Definitions of Grantor Trusts

Grantor Trusts means the following Xxxxxx 1998 Irrevocable Trusts, dated May 8, 1998: Trust I (Xxxx Xxxxxx Xxxxxx, Trustee), Trust II (Xxxxx Xxxxxx Xxxxxx Xxxxxx, Trustee) and Trust III ( Xxxx Xxxxxx Xxxxxx, Trustee).
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Grantor Trusts. The grantor trusts described in Section 2.07 hereof. GreenPoint: GreenPoint Mortgage Funding Inc.
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Grantor Trusts. With respect to each Trust, such Trust is a grantor trust established under the Laws of the State of California. With respect to the Trusts, (i) Marc Laurence Greenberg has the fxxx xxxxx, xxxxxxxy and authority necessary to (x) cause the Greenberg Trust to enter intx xxx xxxform its obligations under this Agreement and the other Seller Transaction Agreements to which such Trust is a party, and (y) consummate the transactions contemplated hereby and thereby; and (ii) Richard B. Goldberg has the xxxx xxxxx, xxxxxxxy and authority necessary to (x) cause the Goldberg Trust to enter into xxx xxxform its obligations under this Agreement and the other Seller Transaction Agreements to which such Trust is a party, and (y) consummate the transactions contemplated hereby and thereby.
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Grantor Trusts means and include Grantor Trust I, Grantor Trust II and Grantor Trust III.
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Grantor Trusts. Those portions of the Trust exclusive of the REMICs consisting of (a) the rights of the Class I-A-2, Class I-A-12 and Class I-A-27 Certificates to receive amounts from the related Reserve Fund and (b) the Yield Maintenance Agreements and the Reserve Funds related to the Class I-A-2, Class I-A-12 and Class I-A-27 Certificates, respectively. Group: Either Group I or Group II.
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Grantor Trusts means those six transactions of predominantly fixed rate mortgage loans that were originated by Crown Bank and securitized through grantor trusts, whose certificates were subsequently sold to other financial institutions, that were renegotiated subsequently in 2007 as a result of Crown Bank’s accounting restatements.
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Related to Grantor Trusts

  • Grantor Trust means a Trust other than a RIC.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • REMIC Trust means a “real estate mortgage investment conduit” within the meaning of Section 860D of the Code that holds the Note.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Other Trusts Means the Continental Airlines Pass Through Trust 2001-1A-1-O, the Continental Airlines Pass Through Trust 2001-1A-2-O and the Continental Airlines Pass Through Trust 2001-1B-O, created by the Other Agreements.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Collateral Trust Agreement means that certain Collateral Trust Agreement, dated as of the Closing Date, by and among Collateral Trustee and Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Class B Trust Class B Trustee", "Class C Certificate", "Class C Certificateholder", "Class C Trust", "Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Trust REMIC Each of the Lower-Tier REMIC and the Upper-Tier REMIC.

  • Titling Trust Agreement means the Amended and Restated Trust Agreement, dated as of April 30, 2012, by and between GE Capital Title Holding Corp., a Delaware corporation, as settlor and initial beneficiary and Wilmington Trust Company, a Delaware trust company, as UTI trustee, Administrative trustee and Delaware trustee.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Plan Trust means the trust governed by the Plan.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Adverse Grantor Trust Event Either: (i) any impairment of the status of the Grantor Trust Pool as a Grantor Trust; or (ii) the imposition of a tax upon the Grantor Trust Pool or any of its assets or transactions.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • the Trusts means the Macfarlane Trust, the Macfarlane (Special Payments) Trust and the Macfarlane (Special Payments) (No. 2) Trust;

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.