Purposes of the Trust definition

Purposes of the Trust. Has the meaning set forth in Section 2.4.
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Purposes of the Trust means all the purposes set forth in Clause Five of this Agreement.
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Purposes of the Trust means the purposes of the Trust specified in clause 5.
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Examples of Purposes of the Trust in a sentence

  • Purposes of the Trust........................................................................................

  • Unless specified otherwise in this Agreement, to the extent it is able to do so, the Trustee, instead of opening banking or brokerage accounts for each of the accounts mentioned above, may maintain such accounts through the use of registries, if those registries provide an adequate level of control and identification as necessary for the Purposes of the Trust.

  • The Contractor shall maintain a daily log journal describing deficiencies found and corrective actions required.

  • To s ecure s uch Trustee Claim the Issuer will, inter alia, grant a pledge (Pfandrecht) to the Trustee for the benefit of the Noteholders and the other Secured Creditors over Security as specified in Clause 6 (Pledge for Security Purposes) of the Trust Agreement.

  • To s ecure s uch Trustee Claim the Issuer will, inter alia, grant a pledge (Pfandrecht) to the Trustee for the benefit of the Noteholders and the other Secured Creditors over Security as specified in Clause 6 (Pledge for Security Purposes) of the Trust Agreement.‌ 2.10.2 There is no authority to the effect that the Trustee Claim of the Trustee against the Issuer established by the Trust Agreement may not be validly secured by a pledge of the relevant Security pursuant to the Trust Agreement.

  • Purposes of the Trust Account (e.g Implement and otherwise undertake the activities of and otherwise facilitate the implementation of the ABC Project that is defined in the ABC Project Document dated 13th December 2017 and attached as Annexure A).

  • The powers of attorney granted pursuant to Clause 3.1 shall be limited so that the Attorneys-in-Fact act in name and on behalf of the Trustee only and exclusively in connection with the Trust Estate and in accordance with this Agreement and with the Trust Agreement for the fulfillment of the Purposes of the Trust; provided, that the Attorneys-in-Fact shall in no event be considered to be an employee or officer of the Trustee.

  • Pontis displays all the inputs and outputs of this analysis on the Preservation screen.

  • The Trustees may amend any part of this Schedule only where provided for in this Agreement and only if the amendment is approved by Consensus of a meeting of all Trustees and only as required to give effect to the Beneficial Purposes of the Trust.

  • It is its intention, as settlor of the Trust, to create this Trust for the Purposes of the Trust in accordance with the terms hereof.


More Definitions of Purposes of the Trust

Purposes of the Trust as defined in Clause Five hereof.
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Purposes of the Trust shall have the meaning indicated in Article Fourth of this Agreement.
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Purposes of the Trust means the purposes set out in Article 4 and paragraphs 8.8 to 8.10.
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Purposes of the Trust of Xxxxxx XX of the Initial Trust Agreement is amended, only to add paragraphs (xii) and (xiii), so that as of this date they read as follows:
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Related to Purposes of the Trust

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Administration Account As defined in Section 7.02.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).