Class C Specific Grantor Trust Assets definition
Class C Specific Grantor Trust Assets. The portion of the Trust Fund consisting of (i) the Class C Percentage Interest of the Class C Regular Interest and (ii) amounts held from time to time in the Exchangeable Distribution Account that represent distributions on the Class C Percentage Interest in the Class C Regular Interest.
Class C Specific Grantor Trust Assets means the portion of the Trust consisting of the Class C Percentage Interest of the Class C REMIC III Regular Interest.
Examples of Class C Specific Grantor Trust Assets in a sentence
The portion of the Trust Fund consisting of the Class [B] Specific Grantor Trust Assets, the Class [C] Specific Grantor Trust Assets and the Class PST Specific Grantor Trust Assets shall be treated as a grantor trust under subpart E, part I of subchapter J of the Code (the “Grantor Trust”) for federal income tax purposes.