NIM Trust definition

NIM Trust. A Delaware statutory trust or other special-purpose entity that is the issuer of the securities issued in connection with a NIM Issuance (if any).
NIM Trust. Any trust created to hold the Class X Certificates that issues notes that are secured by distributions on the Class X Certificates.
NIM Trust. Morgan Stanley ABS Capital I Inc. NIM Trust 2003-HE2N, a Delaware statutory trust.

Examples of NIM Trust in a sentence

  • In the event of a NIM Issuance, the Swap Contract Administrator further agrees to perform the duties set forth in the related Swap Excess Assignment Agreement for the benefit of CHL, the related NIM Trust and the related Indenture Trustee.

  • An issuance by a NIM Trust, on or after the date hereof, of asset-backed notes secured by the Class C Certificates and/or Class P Certificates.

  • The Class X Certificates shall be allocated 1% of the Voting Rights; provided, however, for so long as the Class X Certificates, or any portion thereof, are held in a NIM Trust, the holders of the Class X Certificates shall not be entitled to exercise any Voting Rights with respect to their Certificates and the Voting Rights otherwise allocable to the Class X Certificates shall be allocated to the other Classes of Certificates other than the Class P and Class AR Certificates.

  • NIM Trust 2003-NC2N", and to deliver such Class X Certificates and Class P Certificates to Deutsche Bank National Trust Company, as trustee of the NIM Trust.

  • NIM Trust 2003-HE2N," and to deliver such Class X Certificates and Class P Certificates to Deutsche Bank National Trust Company, as trustee of the NIM Trust, or as otherwise directed by the Depositor.


More Definitions of NIM Trust

NIM Trust. With respect to any Floater Loan Group, any trust created to hold the Economic Residual Floater Certificates for such Floater Loan Group and issue debt instruments that are secured by distributions on such Economic Residual Floater Certificates.
NIM Trust. GSAMP NIM Trust 2003-AHL-N, a Delaware statutory trust.
NIM Trust. Fremont NIM Trust 2005-E, a Delaware statutory trust, or other special purpose entity created to securitize the cashflows relating to the Class C and/or Class P Certificates.
NIM Trust. GSAMP NIM Trust 2002-HE2-N, a Delaware statutory trust.
NIM Trust. GSAMP NIM Trust 2002-WMC1N, a Delaware business trust.