Received by the Trust definition
Examples of Received by the Trust in a sentence
It is the intention of the parties hereto that any Loss of Value Payments Received by the Trust pursuant to Section 2.03(e), together with the Loss of Value Reserve Fund, shall collectively constitute an "outside reserve fund" within the meaning of Treasury regulation section 1.860G-2(h).
The parties hereto acknowledge that, with regard to each Outside Serviced Trust Mortgage Loan, as and to the extent provided in the related Outside Servicing Agreement and/or the related Co-Lender Agreement, as applicable, amounts in the nature of the foregoing may be payable to one of the related Outside Servicers, and there can be no assurance that any related Prepayment Interest Excesses and/or Default Charges shall be Received by the Trust with respect to an Outside Serviced Trust Mortgage Loan.
The parties hereto acknowledge that, with regard to each Outside Serviced Trust Mortgage Loan, as and to the extent provided in the related Outside Servicing Agreement and/or the -210- related Co-Lender Agreement, as applicable, amounts in the nature of the foregoing may be payable to one of the related Outside Servicers, and there can be no assurance that any related Prepayment Interest Excesses and/or Default Charges shall be Received by the Trust with respect to an Outside Serviced Trust Mortgage Loan.
It is the intention of the parties hereto that the segregated pool of assets consisting of any collections of Additional Interest Received by the Trust on the ARD Trust Mortgage Loans and any successor REO Trust Mortgage Loans with respect thereto constitute a grantor trust for federal income tax purposes.
All amounts Received by the Trust with respect to the GIC Office Trust Mortgage Loan shall be allocated among interest, principal and/or prepayment consideration due thereon in accordance with the terms of any distribution date statement or servicer report received from the GIC Office Servicers with respect to the GIC Office Trust Mortgage Loan and, in the absence of any such statement or report, in accordance with Section 4.01 of the GIC Office Co-Lender Agreement.