Maintenance Trust definition

Maintenance Trust means the depository agreement between Owners, VOH and a designated depository for the purpose of receiving regular payments from the Owner to be held, managed, invested and disbursed for their benefit and in satisfaction of their obligations for maintenance, insurance, utilities, residential services of such other obligations for which the Owner may be, or become, responsible.
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Maintenance Trust means the depository agreement established by a trust agreement between Owners, the Association and a designated depository for the purpose of receiving regular payments from the Owner to be held, managed, invested and disbursed for their benefit and in satisfaction of their obligations for maintenance, insurance,
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Examples of Maintenance Trust in a sentence

  • The Yield Maintenance Trust Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h).

  • By accepting a Class C Certificate, each Class C Certificateholder hereby agrees to direct the Administrator, and the Administrator is hereby directed, to deposit into the Yield Maintenance Trust Account the amounts described above.

  • Upon the termination of the Trust Fund, or the payment in full of the Offered Certificates, all amounts remaining on deposit in the Yield Maintenance Trust Account shall be distributed to the Class C Certificateholders or their designees.

  • Amounts on deposit in the Yield Maintenance Trust Account shall not be invested and shall not be held in an interest-bearing account.

  • The Yield Maintenance Trust Account shall not be part of the Trust Fund or of any REMIC and any payments to the Holders of the Offered Certificates to pay certain interest shortfalls will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).

  • The Account Founder may, but is not required to, direct that a remainder beneficiary’s share be held in an Individual Trust Account in the BIAWA Basic Support and Maintenance Trust until the remainder beneficiary reaches a certain age.

  • The Depositor hereby directs the Administrator to execute, deliver and perform its obligations under the Yield Maintenance Allocation Agreement and the Yield Maintenance Agreement, not in its individual capacity, but solely as Administrator on behalf of the Yield Maintenance Trust.

  • E.L.C.A.F.) Employers party to this collective bargaining agreement shall each contribute 3/4 of 1% of the rate of pay per hour for each hour worked by each employee covered by this labor agreement to the Electrical Industry Administrative Maintenance Trust of Northeastern Line Constructors Chapter, NECA.

  • On each Distribution Date, after remitting the Yield Maintenance Payment Amount to the Trustee, any amounts remaining on deposit in the Yield Maintenance Trust Account shall be distributed in accordance with Section 3(a)(ii) of the Yield Maintenance Allocation Agreement.

  • On each Distribution Date, after remitting the Yield Maintenance Payment Amount to the Securities Administrator, any amounts remaining on deposit in the Yield Maintenance Trust Account shall be distributed in accordance with Section 3(a)(ii) of the Yield Maintenance Allocation Agreement.