Settlement Trusts definition

Settlement Trusts means all Trusts as to which the applicable Trustee accepts the Settlement that do not become Non-Settling Trusts.
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Examples of Settlement Trusts in a sentence

  • Each of the Institutional Investors shall continue to hold securities issued by at least one of the Settlement Trusts sufficient to support its individual standing to prosecute any Intervention associated with any judicial instruction proceeding filed by any Trustee in connection with the Settlement (the “Required Holdings”).

  • The Accepting Trustees shall use their reasonable best efforts to distribute the Settlement Payment to the Settlement Trusts as promptly as possible.

  • The Settlement Payment shall be allocated by the Accepting Trustees among the Settlement Trusts.

  • The Accepting Trustees shall jointly retain the Expert to make any determinations and perform any calculations that are required in connection with the allocation of the Settlement Payment among the Settlement Trusts.

  • Nothing in the Subservicing Protocol or elsewhere in this Settlement Agreement shall prevent JPMorgan from selling some or all of its servicing rights with respect to the Mortgage Loans in the Settlement Trusts at any time, provided that any purchaser must agree to comply with all material aspects of the Subservicing Protocol in connection with the purchase of servicing rights related to the Mortgage Loans in the Settlement Trusts.

  • The resolution of any repurchase demand made previously by an Accepting Trustee with respect to any of the Settlement Trusts shall be deemed to be included in the scope of the Tolling Agreement.

  • Erroneous payments shall not be netted solely as between Settlement Trusts.

  • JPMorgan shall have no responsibility for the maintenance or distribution of the Settlement Payment once paid into the applicable escrow accounts, which maintenance and distribution shall be the sole responsibility of the Accepting Trustees (each with respect to the Allocable Shares of the Settlement Trusts for which it acts as Trustee).

  • Neither JPMorgan nor any of the Institutional Investors shall have any liability under this Settlement Agreement to the Accepting Trustees, the Settlement Trusts, any Investor in such Settlement Trusts, or any other Person in connection with the determination, administration, or distribution of the Allocable Shares.

  • With respect to each Accepting Trustee, JPMorgan will pay the portion of the Settlement Payment equal to the aggregate amount of the Allocable Shares of all Settlement Trusts for which such Accepting Trustee acts as Trustee to a single escrow account designated by such Accepting Trustee within thirty (30) days of the Final Expert Calculation, as defined herein.

Related to Settlement Trusts

  • Settlement Administrator means the third party settlement administrator proposed by the Parties, as approved by the Court.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Supplemental Interest Trust Trustee ▇▇▇▇▇ Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.