Under the Pass Through Trust Agreements Sample Clauses
The 'Under the Pass Through Trust Agreements' clause defines the legal framework and operational rules governing the administration of pass through trusts. In practice, this clause outlines how assets are held, managed, and distributed by the trustee on behalf of the beneficiaries, often in the context of securitizations or structured finance transactions. For example, it may specify the trustee's duties, the rights of certificate holders, and the procedures for handling cash flows or defaults. Its core function is to ensure that all parties understand their roles and obligations, thereby providing transparency and legal certainty in the management of trust assets.
Under the Pass Through Trust Agreements. All compensation and reimbursement of expenses, disbursements and advances payable by the Company under the Pass Through Trust Agreements;
Under the Pass Through Trust Agreements. All compensation and reimbursement of expenses, disbursements and advances payable by LATAM under the Pass Through Trust Agreements in respect of each Pass Through Trust then in existence;