Initial Trust Property definition

Initial Trust Property means (a) the Depositor Transferred Property for the Closing Date, (b) the Issuer’s rights under the Transfer and Servicing Agreement, (c) the Issuer’s rights under the Cap Agreement, (d) all security entitlements relating to the Bank Accounts and the property deposited in or credited to any of the Bank Accounts, (e) all present and future claims, demands, causes of action and choses in action for any of the foregoing and (f) all payments on or under and all proceeds for any of the foregoing.

Initial Trust Property means the property and proceeds conveyed pursuant to Section 2.1.

Initial Trust Property means the sum of (GBP)100 (one hundred pounds) held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit of the Seller and Funding pursuant to Clause 2.1 (Initial Trust Property) of the Mortgages Trust Deed;

Examples of Initial Trust Property in a sentence

• The Initial Trust Property means the assets specified in Part 1 and/or Part 2 of the Schedule.

• The Settlor hereby assigns the Initial Trust Property to the Trustees to hold it on the trusts set out below.

• The formal validity of the Trust and the interpretation of this Deed will be governed by the laws of the Province of British Columbia.BY SIGNING BELOW, the Initial Trustee acknowledges that this Deed sets out the terms of the trusts on which the Initial Trustee shall hold the Initial Trust Property.

• CREATION OF MORTGAGES TRUST 2.1 Initial Trust Property On 25 July 2000, Wilmington Trust SP Services (London) Limited (formerly known as SPV Management Limited) settled on trust the sum of £100 (the Initial Trust Property) to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage.

• On 25 July 2000, Wilmington Trust SP Services (London) Limited (formerly known as SPV Management Limited) settled on trust the sum of £100 (the Initial Trust Property) to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage.

More Definitions of Initial Trust Property

Initial Trust Property means the sum of {pound-sterling}100 (one hundred pounds) held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit of the Seller and Funding pursuant to Clause 2.1 (Initial Trust Property) of the Mortgages Trust Deed;

Initial Trust Property means the property and proceeds conveyed pursuant to Section 2.1, together with all monies received with respect to the Initial Receivables after the Initial Cutoff Date, the Insurance Policies, the Collection Account (including all Eligible Investments therein and all proceeds therefrom), the Lockbox Account and certain other rights under this Agreement. Although the Seller has pledged the Series 2007-TFC Spread Account to the Collateral Agent pursuant to the Spread Account Supplement, the Series 2007-TFC Spread Account shall not under any circumstances be deemed to be a part of or otherwise includable in the Trust or the Initial Trust Property.

Initial Trust Property. The Mortgages Trustee hereby declares itself as trustee of the Trust Property, being, upon execution of this Deed, the sum of (GBP)100 (one hundred pounds) (the "Initial Trust Property") which sum shall be held on trust by the Mortgages Trustee absolutely as to both capital and income for the benefit, as tenants in common (holding undivided beneficial interests), of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage. The Initial Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust upon due execution of this Deed by all parties to it.

Initial Trust Property means (a) the Depositor Transferred Property for the Closing Date, (b) the Issuer’s rights under the Transfer and Servicing Agreement, [(c) the Issuer’s rights under the [Cap][Swap] Agreement,] [(c)][(d)] all security entitlements relating to the Bank Accounts and the property deposited in or credited to any of the Bank Accounts, [(d)][(e)] all present and future claims, demands, causes of action and choses in action for any of the foregoing and [(e)][(f)] all payments on or under and all proceeds for any of the foregoing.

Initial Trust Property means the sum of US$10.00 which upon execution of this Deed shall be held by the Grantor Trust Trustee in trust in accordance with the terms of this Deed.

Initial Trust Property is defined in Section 2.1 of the Sale and Servicing Agreement.

Initial Trust Property means the sum of £100 (one hundred pounds) that SFM Offshore Limited (as the Share Trustee of the Mortgages Trustee) settled on trust and is held on trust absolutely as to both Back to Contents capital and income by the Mortgages Trustee for the benefit of the Beneficiaries pursuant to the Mortgages Trust Deed; Insolvency Event in respect of the Seller, the Servicer, the Cash Manager, or any Issuer Cash Manager (each, for the purposes of this definition, a Relevant Entity) means: