Common use of Legal Title to Owner Trust Estate Clause in Contracts

Legal Title to Owner Trust Estate. No Person other than the Owner Trustee shall have legal title to any part of the Owner Trust Estate. No transfer, by operation of law or otherwise, of any right, title or interest of any Person in and to the Owner Trust Estate or hereunder shall operate to terminate this Trust Agreement or the trusts hereunder to entitle any successor or transferee of such Person to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 4 contracts

Samples: Trust Agreement (General Public Utilities Corp /Pa/), Trust Agreement (Gpu Inc /Pa/), Trust Agreement (Pennsylvania Electric Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!