Overall, understanding the roles of grantee vs grantor isessential for anyone involved in a real estatetransaction. Whether you are a buyer or a seller, it is important to know the different types of deeds and the implications of each. By being knowledgeable about the transfer process and the ...
Xxxxx, or any trustee of any revocable trust or Grantor Retained Annuity Trust created by either of them, determines that it is likely to be necessary to sell Shares in order to obtain cash to pay estate or similar inheritance taxes relating to the death of either Xxxxxxx X. Grantor Retained...
The trustee, who is usually the grantor, pays the grantor a fixed amount annually, which is why it's called an annuity (IRC §2702). The IRS values the gift according to what the interest rates were when the trust was created (valuation date), the life expectancy of the donor, and ...
Schedule II hereto to which it is a party By: /s/ Kxxxx X. Xxxxxxxx Name: Kxxxx X. Xxxxxxxx Title: Vice PresidentWXXXX FARGO BANKNORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity, except as expressly provided herein, but solely as Owner Trustee under each Trust Agreement ...
Lessor or any other Person or any of their respective properties or creditors, or any action taken by any trustee, receiver, other Person or court in any such proceeding; (e) any limitation on the liability or obligations of any Person under the Lease or any other Operative Document, the ...
Grantor’s Right. The Grantor shall have the right, upon presentation to the Trustee of a release (a “Release”), in the form annexed hereto as Exhibit B, or, subject to the objection period set forth i...
The Trust continued hereby shall be known as Carvana AutoReceivables GrantorTrust 2021-P3 (the “Trust”), in which name the Grantor Trust Trustee and, solely to the extent provided in the Administration Agreement, the Administrator may conduct the business of the Trust. ...
Class C TrustClass C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement. Distribution AccountsCollectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Inte...
(unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee ...
the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article XII or the obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness, do any...