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

No Legal Title to Trust Estate in the Certificateholder. The Certificateholder shall not have legal title to any part of the Trust Estate. The Certificateholder shall be entitled to receive distributions with respect to its undivided beneficial ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in the Certificateholder’s ownership interest in the Trust Estate shall operate to terminate this Agreement or the Trust hereunder.

No Legal Title to Trust Estate in the Certificateholder. The Certificateholder Certificateholders shall not have legal title to any part of the Trust Estate. The ; provided, however, that the Certificateholder has a beneficial interest in the Trust Estate (and initially shall be entitled have all right, title and interest in and to receive distributions with respect to its undivided beneficial ownership interest therein only in accordance with Articles V and IXthe Owner Trust Certificates). No transfer, transfer by operation of law or otherwise, otherwise of any right, title or interest of the Certificateholder Certificateholders in and to and in the Certificateholder’s ownership interest in the Trust Estate or hereunder shall operate to terminate this Deposit Trust Agreement or the Trust hereunderor 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.

No Legal Title to Trust Estate in the Certificateholder. The Certificateholder shall not have legal title to any part of the Trust Estate. The Certificateholder shall be entitled to receive distributions with respect to its undivided beneficial ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in the Certificateholder’s ownership interest in the Trust Estate shall operate to terminate this Agreement or the trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust hereunderEstate.