Trustor definition

Trustor has the meaning specified in the first sentence of this Agreement.

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Trustor means a borrower under a deed of trust, who deeds property to a trustee as security for the payment of a debt.

Trustor means an individual who creates an inter vivos or a testamentary trust.

Examples of Trustor in a sentence

• If the Trustor will not have joined in such appointment within 15 days after the receipt by it of a request so to do, the Delaware Trustee will have the power, acting alone, to make such appointment.

• The provisions of this Agreement are solely for the benefit of the Delaware Trustee, the Certificateholders, the Certificate Paying Agent, the Certificate Registrar, the Issuer and the Trustor, and nothing in this Agreement, whether express or implied, will be construed to give to any other Person any legal or equitable right, remedy or claim in the Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

• The Trustor and the Issuer intend that the Designated Q-REMIC Interests will not be a part of the Trustor's estate if there is a receivership of the Trustor.

• Each instruction delivered by the Trustor or the Directing Certificateholder, as applicable, to the Delaware Trustee will include a certification to the Delaware Trustee from either the Trustor or the Directing Certificateholder that any actions to be taken pursuant to such instruction comply with the terms of this Agreement and the Transaction Documents and the Delaware Trustee may rely on such certification and instruction without inquiry except to the extent it has actual knowledge to the contrary.

• The Trustor and the Certificateholders will be entitled to the protections and limitations of liability as set forth in Section 3803 of the Statutory Trust Act.

More Definitions of Trustor

Trustor means the institution designated as such in the Trust Agreement and its permitted successors.

Trustor means a person, including a testator, who creates, or contributes property to, a trust.

Trustor means (i) with respect to the First Trust Agreement, VWFSJ and (ii) with respect to the Second Trust Agreement, MHSC.

Trustor or “Participant” means a person who participates in the Fund under a Trust Agreement.

Trustor has the meaning specified in the Trust Agreement.

Trustor means a person, including a testator, who creates,

Trustor means all trustors of this trust, whether one or more. The Trustors are married and parents of the following living children: The Beneficiaries of the Trust during the lifetime of the Trustors is the Trustors. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor.