Residual Trustee definition
Residual Trustee means Wilmington Trust Company, who will be appointed pursuant to the Declaration of Trust to serve as trustee of the Residual Trust.
Residual Trustee means EMC in its capacity as residual trustee for the Tertiary Beneficiaries under the Security Trust Agreement;
Residual Trustee. Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as Delaware trustee of the Residual Trust, and any successor Delaware trustee thereof.
Examples of Residual Trustee in a sentence
The amount of the "Residual Trustee Fee" which the Trustee shall be entitled to receive on each Payment Date following the issuance of the Residual Notes shall be determined by multiplying (i) the Booked Residual Values as of the prior Payment Date for all Performing Leases times (ii) one-twelfth of ____%.
The amount of the "Residual Trustee Fee" which the Trustee shall be entitled to receive on each Payment Date following the issuance of the Class R Notes shall be determined by multiplying (i) the Booked Residual Values as of the prior Payment Date for all Performing Leases times (ii) one-twelfth of ____%.