Common use of Creation and Declaration of Trust; Grant of Term Assets; Acceptance by Trustee Clause in Contracts

Creation and Declaration of Trust; Grant of Term Assets; Acceptance by Trustee. (a) The Depositor, concurrently with the execution and delivery hereof and pursuant to Section 2.1 of the Agreement, has delivered or caused to be delivered to the Trustee the Term Assets in exchange for the delivery to, or at the direction of the Depositor, of all of the Certificates, representing the entire beneficial interest in all of the assets of the Trust.

Appears in 6 contracts

Samples: Receipts on Corporate Securities Trust Series BNSF 1998-1, Receipts on Corporate Securities Trust Series NSC 1998-1, Receipts on Corporate Securities Trust Series NSC 1998-1

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Creation and Declaration of Trust; Grant of Term Assets; Acceptance by Trustee. (a) The Depositor, concurrently with the execution and delivery hereof and pursuant to Section 2.1 of the Agreement, has delivered or caused to be delivered to the Trustee the Term Assets in exchange for the delivery to, or at the direction of the Depositor, of all of the Certificates, representing the entire an undivided beneficial interest in all of the assets of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Structured Products Corp)

Creation and Declaration of Trust; Grant of Term Assets; Acceptance by Trustee. (a) The Depositor, concurrently with the execution and delivery hereof and pursuant to Section 2.1 of the Agreement, has delivered or caused to be delivered to the Trustee the Term Assets in exchange for the delivery to, or at the direction of the Depositor, of all of the Certificates, representing the entire an undivided beneficial interest in all of the assets of the Trust, and the Call Warrants.

Appears in 1 contract

Samples: Trust Agreement (Structured Products Corp)

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Creation and Declaration of Trust; Grant of Term Assets; Acceptance by Trustee. (a) The Depositor, concurrently with the execution and delivery hereof and pursuant to Section 2.1 of the Agreement, has delivered or caused to be delivered to the Trustee Trustee, for deposit in the Collection Account the Term Assets in exchange for the delivery to, or at the direction of the Depositor, of all of the Certificates, representing the entire an undivided beneficial interest in all of the assets of the Trust.

Appears in 1 contract

Samples: Structured Products Corp

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