Trustor of the First Trust definition

Trustor of the First Trust means the Trustor under the First Trust Agreement. “Trustor of the Second Trust” means a Trustor under the Second Trust Agreement.
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Examples of Trustor of the First Trust in a sentence

  • The Trustee of the First Trust will delegate some of its trust business to the Trustor of the First Trust, as Servicer.

  • The main assets of the First Trust, the Auto Loan Receivables, are to be entrusted by the Trustor of the First Trust on the Trust Commencement Date.

  • On the Cash Entrustment Date, cash is to be entrusted by the Trustor of the First Trust to the Trustee of the First Trust.

  • Each Auto Loan Receivable derives from an Auto Loan Agreement which has been entered into among the Trustor of the First Trust, the Guarantor, the Dealer and an Obligor.

  • Such delegation will be governed by the Servicing Agreement and the Trustor of the First Trust will act as the Servicer thereunder.

  • The Trustee of the First Trust will delegate to the Trustor of the First Trust, in accordance with the appointment by the Trustor of the First Trust, as the Subordinated Beneficiary, the administration of the Trust of the First Trust and any other matters incidental thereto as set out in the First Trust Agreement to the extent permitted by Applicable Laws.

  • In addition, if such mistake or false representations and warranties are considered by the Trustor of the First Trust not to be material as of the time when such representations and warranties were made, such Auto Loan Receivables will not be subject to the repurchase.

  • The Trustee of the First Trust will cause a Rating Agency or the Trustee of the Second Trust to notify the Trustee of the First Trust of such matter in writing in advance if a Rating Agency or the Trustee of the Second Trust intends to appoint such third party and the Trustee of the First Trust will report the name of such third party to the Trustor of the First Trust in advance.

  • After the Trust Commencement Date, but during the Revolving Period, the Additional Auto Loan Receivables will be entrusted by the Trustor of the First Trust.

  • Risk associated with non-perfection of entrustment of the Auto Loan Receivables against Obligors The First Trust Agreement provides that the Trustor of the First Trust will register the entrustment of the Auto Loan Receivables with the Trustee of the First Trust after the Trust Commencement Date or each Additional Entrustment Date in accordance with the Perfection Act.

Related to Trustor of the First Trust

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

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Supplemental Interest Trust Trustee Xxxxx 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.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Real Estate Investment Trust means any Person that qualifies as a real estate investment trust under Sections 856 through 860 of the Code.

  • Business trust means a trust created for the purposes of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of those trustees, for the benefit of the beneficiaries;

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Residential mortgage loan means any loan primarily for

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”