Securitization Trust definition

Securitization Trust means a trust formed pursuant to a Securitization.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Securitization Trust means a trust formed pursuant to a Securitization pursuant to which Note A-1 or Note A-2 is held.

Securitization Trust means a trust formed pursuant to a Securitization pursuant to which Note ▇-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇ or Note A-4 is held.

Examples of Securitization Trust in a sentence

Notwithstanding the preceding sentence, if a Note is held by a Securitization Trust at a time when its Note Holder would be entitled to receive any amount under such preceding sentence, such amount shall be remitted to the Person that was the Note Holder of such Note immediately prior to the transfer of such Note to the depositor for such Securitization.
If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first (a) obtain the consent of each non-transferring Note Holder and (b) if such non-transferring Note Holder’s Note is held in a Securitization Trust, obtain a Rating Agency Confirmation from each Rating Agency then rating the securities of such Securitization Trust.
The Lead Securitization Servicing Agreement shall contain terms and conditions that are customary for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax elections of any Securitization Trust, (ii) required by law or changes in any law, rule or regulation or (iii) generally required by the Rating Agencies in connection with the issuance of ratings in securitizations similar to the Securitizations.
Promptly after the Transfer (other than a Transfer to a Securitization Trust), the non-transferring Note Holder(s) shall be provided with (x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence) and (y) a copy of the assignment and assumption agreement referred to in Section 15.
For the avoidance of doubt, the representations in Section 11 shall not be binding upon any Securitization Trust.

More Definitions of Securitization Trust

Securitization Trust means the Lead Securitization Trust or any trust formed in connection with the Securitization of any Non-Standalone Note, as the context may require.

Securitization Trust shall have the meaning specified in Section 6.7(a) of the Sale and Servicing Agreement.

Securitization Trust means GM Financial Automobile Leasing Trust 2017-3, the trust created pursuant to the Original Trust Agreement and continued pursuant to this Agreement.

Securitization Trust shall have the meaning specified in Section 6.7(a).

Securitization Trust has the meaning set forth in Section 3.01(c).

Securitization Trust means any Person that is not a Restricted Subsidiary established exclusively for the purpose of issuing securities in connection with any Securitization, the obligations of which are without recourse to the Company or any of its Subsidiaries (other than obligations constituting Indebtedness incurred in accordance with Section 4.9(a) hereof).

Securitization Trust means a trust formed pursuant to a Securitization pursuant to which Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9, Note A-10, Note A-11, Note A-12, Note A-13, Note A-14, Note A-15, Note A-16, Note A-17, Note A-18, Note A-19, Note A-20 or Note A-21 is held.