Common use of No Legal Title to Owner Trust Estate Clause in Contracts

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 126 contracts

Samples: Trust Agreement, Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5)

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No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest Percentage Interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest Percentage Interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 105 contracts

Samples: Trust Agreement (Ally Auto Receivables Trust 2024-2), Trust Agreement (Ally Auto Receivables Trust 2024-2), Trust Agreement (Carvana Auto Receivables Trust 2024-P2)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 104 contracts

Samples: Trust Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Agreement (Capital Auto Receivables Asset Trust 2015-2)

No Legal Title to Owner Trust Estate. The Trust Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Trust Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein Trust Certificates only in accordance with Articles V Five and VIIINine. No transfer, by operation of law or otherwise, of any right, title or interest of the Trust Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 56 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2022-A), Trust Agreement (Nissan Auto Lease Trust 2022-A)

No Legal Title to Owner Trust Estate. The Certificateholders Trust Certificateholder shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders Trust Certificateholder shall be entitled to receive distributions with respect to their undivided beneficial interest therein its Trust Certificate only in accordance with Articles V Five and VIIINine. No transfer, by operation of law or otherwise, of any right, title or interest of the Trust Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 47 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-2), Trust Agreement (BMW Vehicle Lease Trust 2024-2), Trust Agreement (BMW Vehicle Lease Trust 2024-1)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIIX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 22 contracts

Samples: Trust Agreement (Opteum Mortgage Acceptance CORP), Trust Agreement (Shellpoint Mortgage Acceptance LLC), Trust Agreement (Credit Suisse First Boston Mortgage Securities Corp)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIIX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 18 contracts

Samples: Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (New Century Mortgage Securities Inc), Trust Agreement (Ameriquest Mortgage Securities Inc)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 17 contracts

Samples: Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (Home Loan Trust 2006-Hi3), Trust Agreement (Home Loan Trust 2006-Hi2)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 13 contracts

Samples: Trust Agreement (Imh Assets Corp Impac CMB Trust Series 1999-1), Trust Agreement (Superior Bank FSB), Trust Agreement (Afc Mortgage Loan Asset Backed Notes Series 2000-1)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 12 contracts

Samples: Trust Agreement (Home Equity Loan Trust 2006-Hsa4), Trust Agreement (MSCC HELOC Trust 2007-1), Trust Agreement (Morgan Stanley Abs Capital I Inc)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 12 contracts

Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Owner Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 7 contracts

Samples: Owner Trust Agreement (Nomura Home Equity Loan, Inc.), Owner Trust Agreement (Nomura Asset Acceptance Corp), Owner Trust Agreement (Nomura Asset Acceptance Corp)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderCertificateholders. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest interests therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 7 contracts

Samples: Trust Agreement (Merrill Lynch Mortgage Investors Inc), Trust Agreement (Merrill Lynch Mortgage Investors Inc), Trust Agreement (Merrill Lynch Mortgage Investors Inc)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership beneficial interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 7 contracts

Samples: Trust Agreement (Home Equity Mortgage Trust 2007-1), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-B)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the assets of the Owner Trust Estate solely by virtue of their status as a CertificateholderCertificateholders. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIIX. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner assets of the Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estateassets of the Trust.

Appears in 7 contracts

Samples: Trust Agreement (First Alliance Mortgage Loan Trust 1998-1a), Trust Agreement (First Alliance Mortgage Loan Trust 1998-1f), Trust Agreement (Bear Stearns Asset Backed Securities Inc)

No Legal Title to Owner Trust Estate. The Trust Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Trust Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein Trust Certificates only in accordance with Articles V Five and VIIINine. No transfer, by operation of law or otherwise, of any right, title or interest of the Trust Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 7 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Lease Trust 2004-A)

No Legal Title to Owner Trust Estate. The ------------------------------------ Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 7 contracts

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (First Security Bank Na)

No Legal Title to Owner Trust Estate. The Certificateholders Certificateholder shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders Certificateholder shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders Certificateholder to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee 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 (American Home Mortgage Investment Trust 2006-2), Trust Agreement (American Home Mortgage Investment Trust 2006-3), Trust Agreement (American Home Mortgage Investment Trust 2007-2)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the assets of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIIX. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner assets of the Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estateassets of the Trust.

Appears in 4 contracts

Samples: Owner Trust Agreement (Imc Home Equity Loan Owner Trust 1997-6), Trust Agreement (First Alliance Mortgage Co /De/), Owner Trust Agreement (Imc Home Equity Loan Owner Trust 1997-8)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Owner Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 3 contracts

Samples: Owner Trust Agreement (DLJ Mortgage Acceptance Corp), Owner Trust Agreement (Cendant Mortgage Capital LLC), Owner Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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No Legal Title to Owner Trust Estate. The Certificateholders Certificateholder shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders Certificateholder shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders Certificateholder to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 3 contracts

Samples: Trust Agreement (Ally Wholesale Enterprises LLC), Trust Agreement (SWIFT Master Auto Receivables Trust), Trust Agreement (Wholesale Auto Receivables LLC)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVIII hereof. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 3 contracts

Samples: Trust Agreement (Peoples Choice Home Loan Securities Trust Series 2005-2), Trust Agreement (Peoples Choice Home Loan Securities Trust Series 2005-3), Trust Agreement (Peoples Choice Home Loan Securities Trust Series 2005-4)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest interests therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their beneficial ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 2 contracts

Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (Novastar Mortgage Funding Corp)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal haxx xxxxl title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 2 contracts

Samples: Trust Agreement (Home Equity Loan Trust 2006-Hsa3), Trust Agreement (Home Equity Loan Trust 2007-Hsa3)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVIII and the Basic Documents. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (GSR Trust 2007-Hel1)

No Legal Title to Owner Trust Estate. The Certificateholders Certificateholder shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders Certificateholder shall be entitled to receive distributions with respect to their undivided its beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders Certificateholder to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Owner Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Owner Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

No Legal Title to Owner Trust Estate. The ------------------------------------------ Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles ARTICLES V and VIIIAND VII. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (Capital Auto Receivables Inc)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the assets of the Owner Trust Estate solely by virtue of their status as a CertificateholderCertificateholders. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIIX. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner assets of the Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estateassets of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Oakwood Homes Corp)

No Legal Title to Owner Trust Estate. The -------------------------------------------- Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders Certificateholder shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIIIVII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership beneficial interest in the Owner Trust Estate shall operate to terminate this Owner Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Owner Trust Agreement (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

No Legal Title to Owner Trust Estate. The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a CertificateholderEstate. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial ownership interest therein only in accordance with Articles V and VIIIthe Basic Trust Documents. No transfer, by operation of law or otherwise, of any right, title or title, and interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (Crystal Oil Co)

No Legal Title to Owner Trust Estate. The Certificateholders Trust Certificateholder shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Trust Certificateholder. The Certificateholders Trust Certificateholder shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders Trust Certificateholder to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2007-1)

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