Class J Grantor Trust definition

Class J Grantor Trust means that portion of the Trust consisting of the Excess Interest and the Excess Interest Sub-account, as set forth in Section 12.5(a) hereof.
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Examples of Class J Grantor Trust in a sentence

  • The Certificate Administrator shall be deemed to hold and shall account for the assets of the Class J Grantor Trust separate and apart from the assets of REMIC I, REMIC II and REMIC III created hereunder.

  • Under no circumstances may the Certificate Administrator vary the assets of the Class J Grantor Trust so as to take advantage of variations in the market so as to improve the rate of return of Holders of the Class J Certificates.

  • Excess Interest received on the Mortgage Loans shall be held in the Class J Grantor Trust for the benefit of the Holders of the Class J Certificates.

  • The provisions of this Article XII shall apply to each REMIC Pool, the Class PST Grantor Trust and the Class J Grantor Trust, as applicable.

Related to Class J Grantor Trust

  • Grantor Trust means a Trust other than a RIC.

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Class HI M-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-2 Formula Distribution Amount" and (b) the Unpaid Class HI: M-2 Interest Shortfall, if any.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.