No Legal Title to Trust Estate in Owners. The Owners shall not have legal title to any part of the Trust Estate. The Owners shall be entitled to receive distributions with respect to their undivided ownership interest therein only in accordance with Articles Five and Nine. No transfer, by operation of law or otherwise, of any right, title or interest of the Owners to and in their ownership interest in the Trust Estate shall operate to terminate this 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 Trust Estate.
No Legal Title to Trust Estate in Owners. The Owners ---------------------------------------- shall not have legal title to any part of the Trust Estate. The Owners shall not be entitled to create any lien, security interest, mortgage, pledge, charge, claim or other encumbrance (other than licenses granted in the ordinary course of business) (a "Lien") in the Trust Estate; provided, however, that the ---- -------- ------- foregoing shall in no respects prohibit any Owner from granting a Lien with respect to its Ownership Interest. The Owners shall be entitled to receive distributions with respect to their beneficial ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title, and interest of the Owners to and in their ownership interest in the Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee or other successor to an accounting or to the transfer to it of legal title to any part of the Trust Estate.
