Trust Contracts definition
Examples of Trust Contracts in a sentence
Each Seller shall promptly notify the applicable Purchaser upon becoming aware of any complaint concerning any Serviced Appointment made by any party to the Serviced Corporate Trust Contracts, any Securityholder, any Credit Enhancement Provider or any rating agency.
Each Seller shall at all times maintain all necessary Permits in order to be qualified to act as Appointed Trustees under the Serviced Corporate Trust Contracts relating to the Serviced Appointments.
With respect to all Appointments, the Sellers shall continue to perform the Retained Duties in accordance with the terms of the applicable Corporate Trust Contracts and this Agreement and in compliance with applicable Law.
To the extent permitted by applicable Laws and in accordance with the Serviced Corporate Trust Contracts for Serviced Appointments, ▇▇▇▇▇ Bank hereby appoints the Bank Assets Purchaser and ▇▇▇▇▇ Trust Company hereby appoints the Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3) as custodial agent to receive, hold, deposit, invest and transfer Trust Assets related to the Serviced Appointments of the ▇▇▇▇▇ Bank and ▇▇▇▇▇ Trust Company, respectively.
To the extent permitted under the applicable Serviced Corporate Trust Contracts, the Purchasers may perform any of the Serviced Duties through agents, so long as the Purchasers exercise the degree of care required pursuant to Section 3.5 in selecting and supervising any such agents.
Schedule 6.14(a) sets forth, as of the date hereof, a complete and correct list of all active Other Corporate Trust Contracts.
The Domestic Entity and the Key Holder shall have entered into an agency agreement in respect of the Specific Trust Contracts, in the form as referred to in paragraph 4 of Part C of Exhibit F.
The auditor’s test work and sample size of each compliance requirement should be the result of the assessed level of inherent risk and control risk as it relates to each compliance requirement as stated in The Children’s Trust Contracts.
Notwithstanding any cessation of the transfer of Additional Contracts to the Trust, Contracts transferred to the Trust prior to the occurrence of such Bankruptcy Event and collections in respect thereof, whenever collected or accrued on such Contracts, shall continue to be a part of the Trust.
Administrative/Indirect Costs (Can not exceed 10%) 10% 13,600 13,600 0 Justification/Calculations: Source of Match: Non-▇▇▇▇▇ Budget The Program Specific Audit must encompass an audit of The Children’s Trust Contracts in accordance with section P3: Program Specific Audit of this Contract.