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

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective undivided beneficial interest therein pursuant to Section 4.02 once all amounts then owing with respect to the Notes have been paid in accordance with the Indenture. No transfer, by operation of law of any right, title and interest of any Certificateholder in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective undivided beneficial interest therein pursuant to Section 4.02 (in the case of the Trust Certificates, once all amounts then owing with respect to the Notes have been paid in accordance with the Indenture). No transfer, by operation of law of any right, title and interest of any Certificateholder the Holders of the Trust Certificates in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective its undivided beneficial interest therein pursuant to Section 4.02 once all amounts then owing with respect to the Notes have been paid in accordance with the Indenture. No transfer, by operation of law of any right, title and interest of any Certificateholder the Certificateholders in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective undivided beneficial interest therein pursuant to Section 4.02 once all amounts then owing with respect to the Notes have been paid in accordance with the Indenture. No transfer, by operation of law of any right, title and interest of any Certificateholder the Certificateholders in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective its undivided beneficial interest therein pursuant to Section 4.02 4.01 once all amounts then owing with respect to the Notes Bonds have been paid in accordance with the Indenture. No transfer, by operation of law of any right, title and interest of any Certificateholder the Certificateholders in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders holders of the Trust Certificates shall not have legal title to any part of the Trust Estate and Estate. The holders of the Trust Certificates shall only be entitled to receive distributions with respect to their respective undivided beneficial ownership interest therein pursuant to Section 4.02 once all amounts then owing with respect to the Notes have been paid only in accordance with the IndentureArticles V and IX. No transfer, by operation of law or otherwise, of any right, title and title, or interest of any Certificateholder the holders of the Trust Certificates to and in and to its undivided their beneficial ownership interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders holders of the Trust Certificates shall not have legal title to any part of the Trust Estate and Estate. The holders of the Trust Certificates shall only be entitled to receive distributions with respect to their respective undivided beneficial ownership interest therein pursuant to Section 4.02 once all amounts then owing with respect to the Notes have been paid only in accordance with the IndentureArticles V and IX. No transfer, by operation of law or otherwise, of any right, title and title, or interest of any Certificateholder the holders of the Trust Certificates to and in and to its undivided their beneficial ownership interest in the Trust Estate or hereunder shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

No Legal Title to Trust Estate in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Estate and shall only be entitled to receive distributions with respect to their respective undivided Estate; PROVIDED, HOWEVER, that the Certificateholders have a beneficial interest therein pursuant to Section 4.02 once in the Trust Estate (and initially shall have all amounts then owing with respect right, title and interest in and to the Notes have been paid in accordance with the IndentureOwner Trust Certificates). No transfer, transfer by operation of law or otherwise of any right, title and or interest of any Certificateholder the Certificateholders in and to its undivided beneficial interest in the Trust Estate or hereunder shall operate to terminate this Agreement or the Owner Trust or the trusts hereunder or entitle any successor or transferee to an accounting or to the transfer to it of legal title to any part of the Trust Estate.