Segregated Trust definition

Segregated Trust means the trust of the Segregated Trust Property held by the Segregated Trustee under the Mortgages Trust Deed.
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Examples of Segregated Trust in a sentence

  • Any such Insurance Proceeds shall be paid to the Trust within five (5) business days after receipt by such Segregated Trust Account.

  • Notwithstanding the foregoing provisions of this Article Three, to the extent any issuance of Additional Notes may provide for the redemption or repurchase of all or any portion of such Additional Notes without any requirement that the Company redeem or repurchase (or offer to redeem or repurchase) any other then outstanding Notes, the Company shall be permitted to apply Segregated Trust Monies (or any portion thereof) to such redemption or repurchase pursuant to the provisions of Section 11.18.

  • Additional Notes issued in accordance with the terms of the preceding sentence shall not be entitled to the benefit of any of the Collateral securing then outstanding Notes except to the extent (which may be on more than one occasion with respect to an issuance of Additional Notes) that Segregated Trust Monies shall have become Trust Monies securing all outstanding Notes or shall have been applied to the acquisition of Collateral securing all outstanding Notes.

  • The ESCO shall at all times attempt to attain the maximum Energy Savings from the Facility's Energy Equipment.

Related to Segregated Trust

  • Related Trust Means the Continental Pass Through Trust 1998-1C-S, to be formed under the Related Pass Through Trust Agreement.

  • Grantor Trust means a Trust other than a RIC.

  • Related Trustee Means the trustee under the Related Pass Through Trust Agreement.

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.