Issuer Trust Clause Samples

The Issuer Trust clause establishes a legal trust relationship in which the issuer holds certain assets or rights for the benefit of specified parties, such as investors or noteholders. In practice, this clause typically applies to securitization or structured finance transactions, where the issuer transfers assets into a trust structure to isolate them from its own financial risks. By doing so, the clause ensures that the assets are protected and managed according to the trust's terms, thereby providing security and clarity for beneficiaries and mitigating the risk of asset commingling or creditor claims against the issuer.
Issuer Trust. 8 Maturity........................................................8 New Subordinated Debentures.....................................8
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Issuer Trust. 66 10.4 Merger; Ownership Interests; Sale of Assets.........................66 10.4.1 Mergers, Consolidations and Asset Sales...................66 10.4.2 Other Asset Transfers.....................................67 10.5 Loans, Guarantees and Investments...................................67 10.6 Distributions Prior to Default......................................67 10.7
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Issuer Trust. Indebtedness to the extent permitted under Section 9.19.
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Issuer Trust. If at, or any time after, the Closing Date in relation to any Mortgage Loan the Issuer holds, or there is held to its order, or it receives, or there is received to its order, any property, interests, rights or benefits relating to any Mortgage Loan and its Related Security repurchased by the Seller pursuant to Clause 12 (Repurchase of Mortgage Loans) and/or the proceeds thereof: (A) the Issuer undertakes to the Seller that it will remit, assign, re-assign or transfer the same to the Seller, as the case may require; and (B) until it does so or to the extent that the Issuer is unable to effect such remittance, assignment, re-assignment or transfer, the Issuer undertakes to hold such property, interests, rights or benefits and/or the proceeds thereof upon trust for the Seller as the beneficial owner thereof.
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Issuer Trust. Charter Mac Equity Issuer Trust, a Delaware statutory trust. Issuer Trust Agreement. The Amended and Restated Trust Agreement dated as of June 29, 2000, as amended from time to time, by and among the managing trustees party thereto, CHC, Wilmington Trust Company, as registered trustee, and Related Charter, L.P., as manager relating to Issuer Trust. Issuer Trust Common Shares. The common shares of Issuer Trust, and any securities into or for which such common shares hereafter may be converted or exchanged, constituting all Capital Stock of Issuer Trust other than the Issuer Trust Preferred Shares. Issuer Trust Preferred Shares. Series A, Series A-1, Series A-2, Series A-3, Series B, Series B-1, Series B-2, Series A-4-1, Series A-4-2, Series B-3-1, and Series B-3-2 preferred shares issued by Issuer Trust, and any other "preferred shares" issued by Issuer Trust after the date hereof in accordance with, and as defined in, the Issuer Trust Agreement.
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Issuer Trust. If at, or any time after, the Closing Date the Issuer holds, or there is held to its order, or it receives, or there is received to its order, any property, interests, rights or benefits relating to any Mortgage Loan and its Related Security repurchased by the Seller pursuant to clause 11 (Repurchase of Mortgage Loans) and/or the proceeds thereof: 6.2.1 the Issuer undertakes to the Seller that it will remit, assign, re-assign or transfer the same to the Seller, as the case may require; and 6.2.2 until it does so or to the extent that the Issuer is unable to effect such remittance, assignment, re- assignment or transfer, the Issuer undertakes to hold such property, interests, rights or benefits and/or the proceeds thereof irrevocably and unconditionally upon trust for the Seller as the beneficial owner thereof.
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Related to Issuer Trust

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, ▇▇▇▇▇▇ Square North, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Concerning Owner Trustee Section 7.01. Acceptance of Trusts and Duties.....................................17 Section 7.02. Furnishing Documents................................................18 Section 7.03.

  • Liquidating Trustee Upon dissolution of the Partnership, unless the business of the Partnership is continued pursuant to Section 12.2, the Board of Directors shall select one or more Persons to act as Liquidating Trustee. The Liquidating Trustee (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a majority of the Outstanding Common Units. The Liquidating Trustee (if other than the General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a majority of the Outstanding Common Units. Upon dissolution, removal or resignation of the Liquidating Trustee, a successor and substitute Liquidating Trustee (who shall have and succeed to all rights, powers and duties of the original Liquidating Trustee) shall within 30 days thereafter be approved by the holders of at least a majority of the Outstanding Common Units. The right to approve a successor or substitute Liquidating Trustee in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidating Trustee approved in the manner herein provided. Except as expressly provided in this Article XII, the Liquidating Trustee approved in the manner provided herein shall have and may exercise, without further authorization or consent of any of the parties hereto, all of the powers conferred upon the Board of Directors and the General Partner under the terms of this Agreement (but subject to all of the applicable limitations, contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.11(b)) necessary or appropriate to carry out the duties and functions of the Liquidating Trustee hereunder for and during the period of time required to complete the winding up and liquidation of the Partnership as provided for herein.