Initial Trust Estate definition

Initial Trust Estate. Trust Estate"
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Initial Trust Estate. The corpus of the Trust created as of the date hereof and to be administered hereunder, consisting of $10.
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Initial Trust Estate has the meaning assigned in Section 2.5 of the Trust Agreement.
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Examples of Initial Trust Estate in a sentence

  • The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial Trust Estate and shall be deposited in the Collection Account.

  • The Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial Trust Estate and shall be deposited in the Collection Account.

  • The Initial Trust Estate, Ohio PC shares and all other property of any kind that becomes a part of the Trust in accordance with this Agreement and the PC Purchase Agreement for the primary benefit of the Settlor.

  • Concurrently with the execution of this Agreement, the Settlor is delivering to the Trustee, on behalf of the Trust, a stock certificate evidencing 50 shares of capital stock of the Cincinnati PC (the "Initial Trust Estate").

  • Concurrently with the execution of this Agreement, the Settlor is delivering to the Trustee, on behalf of the Trust, $6,500,000 (in immediately available funds), stock certificate evidencing 96,000 shares of Common Stock of the Settlor and a promissory note of the Settlor in the stated principal amount of $1,500,000 (collectively, the "Initial Trust Estate").

  • The "Trust Estate" shall mean the Initial Trust Estate and any additional transfers of property received from time to time, subject to the Corporate Trustee's acceptance thereof, including any investments, reinvestments and additions to such property.

  • The Grantor irrevocably assigns to the Trustees the property described in Schedule ill to be held for the benefit of the Beneficiary as the Initial Trust Estate.

  • The Trustee agrees that it will hold, manage, and distribute the Initial Trust Estate and all other property of any kind that becomes a part of the Trust in accordance with this Agreement for the primary benefit of the Settlor.

  • The Trustee agrees that it will hold, manage and distribute the Initial Trust Estate, Cincinnati PC shares and all other property of any kind that becomes a part of the Trust in accordance with this Agreement and the PC Purchase Agreement for the primary benefit of the Settlor.

  • The Owner Trustee hereby declares that it will hold the Initial Trust Estate, the 2011 Collateral Certificate, the Dealer Notes and related collateral and documents and assets described in Section 2.3, together with any payments, proceeds or income of any kind from such documents or assets or any other source and any other property held under this Agreement (collectively, the “Trust Estate”), upon the trust set forth herein and for the sole use and benefit of the Trust Beneficiary.

Related to Initial Trust Estate

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Initial Trustee shall have the meaning defined in the preamble hereto.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.