Common use of Conveyance To Trust Clause in Contracts

Conveyance To Trust. By execution of this Agreement, the Grantor does hereby transfer, assign, set-over and otherwise convey to the Trust for the benefit of the Beneficiaries, all right, title and interest of the Grantor in and to the right to receive royalty and other payments under the Royalty Contracts (“Royalty Rights”), all monies due or to become due with respect thereto, all “proceeds” (as defined in Section 9-306 of the UCC as in effect in the State of California) thereof, and all insurance proceeds relating thereto, if any. Notwithstanding the foregoing, Grantor reserves the right to receive from the Royalty Rights and other Available Funds reimbursement for any and all expenses Grantor incurs in connection with Royalty Contracts and the Trust. Such property, together with all monies on deposit and Eligible Investments in the Collection Account, if any, shall constitute the assets of the Trust (the “Trust Assets”). The foregoing transfer, assignment, set-over and conveyance does not constitute and is not intended to result in a creation or an assumption by the Trust, the Trustee or any Beneficiary of any obligation of Grantor or any other Person in connection with the Royalty Contracts or any agreement or instrument relating to the Royalty Contracts. In connection with such transfer, the Grantor further agrees, at its own expense, on or prior to the Closing Date to indicate in its computer files and other business records and accounting statements that the Royalty Rights have been transferred to the Trust pursuant to this Agreement for the benefit of the Beneficiaries, and to endorse, deliver, record and file, at its own expense, such further documents and instruments, in such manner and in such jurisdictions, as may be requested to perfect the transfer and assignment of the Royalty Rights to the Trust.

Conveyance To Trust. By execution of this Agreement, the Grantor does hereby transfer, assign, set-over and otherwise convey to the Trust for the benefit of the Beneficiaries, all right, title and interest of the Grantor in and to the right to receive royalty and other payments under the Royalty Contracts (“Royalty Rights”), all monies due or to become due with respect thereto, all “proceeds” (as defined in Section 9-306 of the UCC as in effect in the State of California) thereof, and all insurance proceeds relating thereto, if anyany (including without limitation, $__________ cash previously received by Grantor with respect to the Royalty Rights). Notwithstanding the foregoing, Grantor reserves the right to receive from the Royalty Rights and other Available Funds reimbursement for any and all expenses Grantor incurs in connection with Royalty Contracts and the Trust. Such property, together with all monies on deposit and Eligible Investments in the Collection Account, if any, shall constitute the assets of the Trust (the “Trust Assets”). The foregoing transfer, assignment, set-over and conveyance does not constitute and is not intended to result in a creation or an assumption by the Trust, the Trustee or any Beneficiary of any obligation of Grantor or any other Person in connection with the Royalty Contracts or any agreement or instrument relating to the Royalty Contracts. In connection with such transfer, the Grantor further agrees, at its own expense, on or prior to the Closing Date to indicate in its computer files and other business records and accounting statements that the Royalty Rights have been transferred to the Trust pursuant to this Agreement for the benefit of the Beneficiaries, and to endorse, deliver, record and file, at its own expense, such further documents and instruments, in such manner and in such jurisdictions, as may be requested to perfect the transfer and assignment of the Royalty Rights to the Trust.

Conveyance To Trust. By execution of this Agreement, the Grantor does hereby transfer, assign, set-over and otherwise convey to the Trust for the benefit of the Beneficiaries, all right, title and interest of the Grantor in and to the right to receive royalty and other payments under the Royalty Contracts (“"Royalty Rights”"), all monies due or to become due with respect thereto, all “"proceeds” " (as defined in Section 9-306 of the UCC as in effect in the State of California) thereof, and all insurance proceeds relating thereto, if anyany (including without limitation, cash in the amount delivered to Trustee on the Closing Date previously received by Grantor with respect to the Royalty Rights). Notwithstanding the foregoing, Grantor reserves the right to receive from the Royalty Rights and other Available Funds reimbursement for any and all expenses Grantor incurs in connection with Royalty Contracts and the Trust. Such property, together with all monies on deposit and Eligible Investments in the Collection Account, if any, shall constitute the assets of the Trust (the “"Trust Assets”"). The foregoing transfer, assignment, set-over and conveyance does not constitute and is not intended to result in a creation or an assumption by the Trust, the Trustee or any Beneficiary of any obligation of Grantor or any other Person in connection with the Royalty Contracts or any agreement or instrument relating to the Royalty Contracts. In connection with such transfer, the Grantor further agrees, at its own expense, on or prior to the Closing Date to indicate in its computer files and other business records and accounting statements that the Royalty Rights have been transferred to the Trust pursuant to this Agreement for the benefit of the Beneficiaries, and to endorse, deliver, record and file, at its own expense, such further documents and instruments, in such manner and in such jurisdictions, as may be requested to perfect the transfer and assignment of the Royalty Rights to the Trust.