Indenture Trust Estate definition

Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

Indenture Trust Estate means all money, instruments, rights and other property that are, from time to time, subject or intended to be subject to the Lien and security interest of the Indenture for the benefit of the Noteholders (including all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

Examples of Indenture Trust Estate in a sentence

• Except as otherwise expressly provided in this Indenture, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Indenture Trust Estate, the Indenture Trustee may take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate Proceedings.

• It is the desire of the parties hereto and the holders of the Notes that there be at all times sufficient funds for the payment of principal of and interest on each Class of Notes, and the Indenture Trustee shall take such desire into account when determining whether or not to maintain possession of the Indenture Trust Estate.

• If the Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may, or shall at the written direction of the Interested Noteholders, representing not less than a majority of the Outstanding Amount of the applicable Classes of Notes, elect to maintain possession of the related Indenture Trust Estate.

• In determining whether to maintain possession of the Indenture Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Indenture Trust Estate for such purpose.

• This Indenture creates a valid and continuing security interest (as defined in the applicable Uniform Commercial Code (“UCC”) in effect in the State of Delaware) in the Financed Student Loans and all other assets constituting part of the Indenture Trust Estate in favor of the Indenture Trustee, which security interest is prior to all other liens, charges, security interests, mortgages or other encumbrances, and is enforceable as such as against creditors of and purchasers from the Issuer.

More Definitions of Indenture Trust Estate

Indenture Trust Estate or "Trust Estate" means, with respect to each Group, all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the related Noteholders and the Insurer (including, without limitation, all Collateral Granted to the Indenture Trustee relating to such Group pursuant to the Granting Clause), including all proceeds thereof.

Indenture Trust Estate. The meaning specified in the Granting Clause of the Indenture.

Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders

Indenture Trust Estate has the meaning set forth in the Indenture.

Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders and the Swap Counterparties (including, without limitation, all property and interests granted to the Indenture Trustee), including all proceeds thereof. "Indenture Trustee" shall mean JPMorgan Chase Bank or any successor or replacement thereto pursuant to the Indenture. "Moody's" shall mean Xxxxx'x Investors Service, Inc. "Notes" shall mean the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes issued by Party B pursuant to the Indenture. "Owner Trustee" shall mean The Bank of New York, as owner trustee under the Trust Agreement. "Purchase Agreement" shall mean the purchase agreement (including Appendix A thereto) dated as of January 1, 2002, as from time to time amended, supplemented or otherwise modified and in effect, between Ford Motor Credit Company and FCAR Two LLC. "Rating Agencies" shall mean Xxxxx'x, S&P and Fitch or any substitute rating agency that FCAR Two LLC requests to rate the Notes, Class C Certificates or Class D Certificates. "Rating Agency Condition" shall mean, with respect to any action, that each Rating Agency shall have been given prior notice thereof and that each of the Rating Agencies shall have notified FCAR Two LLC, the Servicer, the Owner Trustee and the Indenture Trustee in writing that such action will not result in a reduction or withdrawal of the then current rating of the Notes or the Certificates. "Receivables Transfer and Servicing Agreements" shall mean collectively the Purchase Agreement, the Sale and Servicing Agreement, the Trust Agreement and the Administration Agreement. "S&P" shall mean Standard & Poor's, a division of The XxXxxx-Xxxx Companies, Inc. "Sale and Servicing Agreement" shall mean the sale and servicing agreement (including Appendix A thereto) dated as of January 1, 2002, as amended, supplemented or otherwise modified and in effect, by and among Party B, FCAR Two LLC, as seller, and Ford Motor Credit Company, as servicer. "Servicer" shall mean Ford Motor Credit Company, as servicer under the Sale and Servicing Agreement. "Swap Counterparties" means Credit Suisse First Boston International and any other institution becoming a successor or replacement under this Agreement. "Trust Agreement" shall mean the Amended and Restated Trust Agreement (including Appendix A thereto), dat...

Indenture Trust Estate. “Indenture Trustee”, “Moody’s”, “Notes”, “Owner Trustee”, “Rating Agency”, “Reserve Account”, “S&P”, “Trust”, “Trust Student Loans” and “Trust Agreement” shall have the meanings ascribed to such terms in Exhibit A to that certain Indenture dated as of December 15, 2006 by and among SLC Private Student Loan Trust 2006-A, U.S. Bank National Association, as the indenture trustee, and Citibank, N.A., as the indenture administrator, as the same may be amended, modified, restated or replaced. XXXXXXX SACHS MITSUI MARINE DERIVATIVE PRODUCTS, L.P. By: GSMMDPGP, Inc., its General Partner By: /s/ Xxxx X. Xxxxxxxxx Name: Xxxx X. Xxxxxxxxx Title: Vice President Date: December ___, 2006 SLC PRIVATE STUDENT LOAN TRUST 2006-A By: Wilmington Trust Company, not in its individual capacity but in its capacity as Owner Trustee under that certain Amended and Restated Trust Agreement dated as of December 15, 2006 by and among the Owner Trustee, and SLC Student Loan Receivables I, Inc. By: /s/ X. Xxxxxxxxxxx Murphy_________________ Name: J. Xxxxxxxxxxx Xxxxxx Title: Financial Services Officer Date: December ___, 2006 (Bilateral Form) (ISDA Agreements Subject to New York Law Only) ISDAÒ International Swaps and Derivatives Association, Inc. CREDIT SUPPORT ANNEX to the Schedule to the Master Agreement dated as of December 7, 2006 between SLC PRIVATE STUDENT LOAN TRUST 2006-A and XXXXXXX XXXXX MITSUI MARINE DERIVATIVE PRODUCTS, L.P. This Annex supplements, forms part of, and is subject to, the above-referenced Agreement, is part of its Schedule and is a Credit Support Document under this Agreement with respect to each party. Accordingly, the parties agree as follows:

Indenture Trust Estate has the meaning set forth in the preamble to the ---------------------- Granting Clauses of the Indenture. Indenture Trustee means First Union National Bank, a national banking ----------------- association, in its capacity as indenture trustee under the Indenture, together with its successors and assigns.