Trust Receipt definition

Trust Receipt shall have the meaning set forth in the Custodial Agreement.

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Trust Receipt means a trust receipt issued by Custodian, or, in the case of a Table Funded Purchased Asset, Bailee, to Buyer substantially in the form required under the Custodial Agreement or the Bailee Agreement.

Trust Receipt means a trust receipt in a form approved by and under which Lender may deliver any document relating to the Collateral to Borrower for correction or completion.

Examples of Trust Receipt in a sentence

The Borrower did not engage the Custodian to perform the Review, produce the Trust Receipt or perform any of the services in this Agreement for the purpose of making findings with respect to the accuracy of the information or data regarding the Receivable Files provided to the Custodian by the Borrower for the Review as contemplated by Rule 17g-10 under the Exchange Act.
Seller has delivered to the Custodian, in accordance with the terms of the Custodial Agreement, a complete Receivable File with respect to each Related Receivable, and the Custodian has delivered to the Collateral Agent, the Servicer and Purchaser an original Trust Receipt and Exception Report therefor.
Given the purpose and scope of the Custodian’s services (including the Review and the Trust Receipt) under the Agreement and given the Borrower’s treatment and use of the Review and Trust Receipt, the Borrower and the Custodian agree that the Custodian’s Review is not commonly understood in the market to be “due diligence services” for the purposes of Rule 17g-10, and the Borrower will not treat the Trust Receipt as a “third party due diligence report” for purposes of Rule 15Ga-2 under the Exchange Act.
The Seller has delivered to the Custodian, at the location specified in Schedule B hereto, a complete Receivable File with respect to each such Related Receivable, and, if such Related Receivable is ten (10) or more days past its origination date, the Custodian has delivered a Trust Receipt therefor to the Administrative Agent.
The Trust Receipt related to such Review prepared by the Custodian and furnished to the Borrower is produced solely in connection with this purpose.

More Definitions of Trust Receipt

Trust Receipt means, with respect to any Transaction as of any date, a receipt in the form attached as an exhibit to the Custodial Agreement.

Trust Receipt. A certification as to the completeness of each Trustee Mortgage Loan File substantially in the form of Exhibit A hereto provided by the Securities Administrator (or the Custodian) pursuant to Section 2.02 hereof.

Trust Receipt means a trust receipt issued by Custodian to Buyer confirming the Custodian’s possession of certain Purchased Loan Files which are the property of and held by Custodian for the benefit of Buyer (or any other holder of such trust receipt) or a bailment arrangement with counsel or other third party reasonably acceptable to Buyer.

Trust Receipt means evidence of receipt, identification, and recording, including:

Trust Receipt means, with respect to any Transaction as of any date, a receipt and certification in the form attached as an exhibit to the Custodial Agreement.

Trust Receipt means a trust receipt issued by the Custodian pursuant to Section 3 hereof with respect to any Loan held by the Custodian for the benefit of the Administrative Agent, in substantially the form of Annex 2-B hereto.

Trust Receipt means the “Master Trust Receipt” as defined in the Custodial Agreement.