Upon the Trustee definition

Upon the Trustee s receipt of the entire net proceeds of the sale of the Class A Certificates, the Seller shall instruct the Trustee to deposit an amount equal to the Original Aggregate Pre-Funded Amount in the Pre-Funding Account contributed out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds in accordance with instructions delivered by the Seller. END OF ARTICLE IV
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Upon the Trustee s receipt of the entire net proceeds of the sale of the Class A Certificates, the Trustee on behalf of the Depositor shall remit the entire balance of such net proceeds in accordance with instructions delivered by the Depositor. END OF ARTICLE IV
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Upon the Trustee s receipt of the entire net proceeds of the sale of the Class A Certificates, the Trustee on behalf of the Depositor shall deposit an amount equal to the Original Aggregate Pre-Funded Amount in the Pre-Funding Account and the Original Capitalized Interest Deposit in the Capitalized Interest Account contributed out of the proceeds of the sale of the Class A Certificates and $________ to the Certificate Account, $__________ of which will be allocable to the Fixed Rate Group and $_________ of which will be allocable to the Adjustable Rate Group. The Trustee shall then remit the entire balance of such net proceeds in accordance with instructions delivered by the Depositor. END OF ARTICLE IV
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Examples of Upon the Trustee in a sentence

  • Upon the Trustee obtaining actual knowledge of a Failure to Pay or Deliver (as defined in the Swap Contract), the Swap Contract Administrator, at the direction of the Trustee, shall demand payment under the Swap Guarantee.

  • Upon the Trustee receiving objections from Noteholders of 10 per cent.

  • Upon the Trustee of the Second Trust’s request, the Trustee of the First Trust will make a detailed statement of the Auto Loan Receivables available for inspection by the Trustee of the Second Trust at any time during normal business hours at the main office of the Trustee of the First Trust unless prohibited from doing so under Applicable Laws which purport to protect information relating to Obligors.

  • Upon the Trustee becoming a party to the Intercreditor Agreement, it will provide that the security interests created over the Collateral will be shared on a pari passu basis among (i) the holders of the Notes; (ii) the holders of each series of the Existing Notes; and (iii) the holder of the pari passu secured indebtedness, if any, incurred after the date hereof.

  • Upon the Trustee and the Manager receiving the notice from the Sponsor, the Manager shall issue a notice to all Unit Holders (other than the Sponsor) that they are required to sell their Units to the Sponsor within 30 days (or such other period as may be determined by the Manager) from the date of the notice.

  • Upon the Trustee being notified that the draft deed amending this Series Notice will achieve the Objective (and in this regard the Trustee may rely upon advice of tax lawyers, amongst others) and each of the other parties to this Series Notice being reasonably satisfied that it will not be adversely affected by the proposed amendments to this Series Notice, each party to this Series Notice shall execute that amendment deed.

  • Upon the Trustee becoming a party to the Intercreditor Agreement, it will provide that the security interests created over the Collateral will be shared on a pari passu basis among (i) the holders of the Notes; (ii) the holders of each series of the Existing Notes, and (iii) the holder of the pari passu secured indebtedness, if any, incurred after the date hereof.

  • Upon the Trustee entering into the Swap Agreements on behalf of the Trust, the Trust shall be bound by the terms and conditions of the Swap Agreements.

  • The data collected during the Scientific Sampling Programme (SSP) need analysis in depth, and further data are required from scientific cruises and experiments before quantitative statements can be made.

  • Upon the Trustee ceasing to be a trustee of the Trust, this Agreement will be deemed to be automatically amended to delete any reference to the name of such trustee so ceasing to be a trustee of the Trust and to substitute therefor the name of the successor trustee of the Trust.


More Definitions of Upon the Trustee

Upon the Trustee s receipt of the entire net proceeds of the sale of the Class A Certificates, the Trustee on behalf of the Depositor shall deposit an amount equal to the Original Aggregate Pre-Funded Amount in the Pre-Funding Account and the Original Capitalized Interest Deposit in the Capitalized Interest Account contributed out of the proceeds of the sale of the Class A Certificates and $172,289.47 to the Certificate Account, $34,360.38 of which will be allocable to the Fixed Rate Group and $137,929.09 of which will be allocable to the Adjustable Rate Group. The Trustee shall then remit the entire balance of such net proceeds in accordance with instructions delivered by the Depositor. END OF ARTICLE IV
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Related to Upon the Trustee

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • NIM Trustee The trustee for the NIM Securities.

  • indenture trustee or “institutional trustee” means the Trustee.

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in August of each year, commencing in August 2024.

  • Outside Trustee With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

  • The Trustee s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree.

  • Trust Administrator [______________] Independent Accountants:

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Securities Administrator Fee With respect to any Distribution Date, an amount equal to the product of (a) one-twelfth of the Securities Administrator Fee Rate and (b) the Stated Principal Balance of the Mortgage Loans as of the prior Distribution Date (or as of the Cut-off Date in the case of the first Distribution Date).

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Certificate Administrator Fee With respect to each Mortgage Loan and the beneficial interest of the Trust Fund in each REO Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee and the Trustee Fee, each of which shall be paid by the Certificate Administrator as provided herein.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • Issuing Entity PII has the meaning stated in Section 4.09(a).

  • Issuing Entity as used in this Note includes any successor to the Issuing Entity under the Indenture. The Issuing Entity is permitted by the Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. The Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. This Note and the Indenture shall be construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions, and the obligations, rights and remedies of the parties hereunder and thereunder shall be determined in accordance with such laws. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. Anything herein to the contrary notwithstanding, except as expressly provided in the Basic Documents, none of U.S. Bank Trust Company, National Association, in its individual capacity, Wilmington Trust, National Association, in its individual capacity, any owner of a beneficial interest in the Issuing Entity, or any of their respective partners, beneficiaries, agents, officers, directors, employees or successors or assigns shall be personally liable for, nor shall recourse be had to any of them for, the payment of principal of or interest on this Note or performance of, or omission to perform, any of the covenants, obligations or indemnifications contained in the Indenture. The Holder of this Note by its acceptance hereof agrees that, except as expressly provided in the Basic Documents, in the case of an Event of Default under the Indenture, the Holder shall have no claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all liabilities, obligations and undertakings contained in the Indenture or in this Note.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • U.S. Trustee means the Office of the United States Trustee for the District of Delaware.

  • Corporate Trust Office of the Trustee shall be at the address of the Trustee specified in Section 12.02 hereof or such other address as to which the Trustee may give notice to the Company.