No Legal Title to Trust Property in Grantor and Owner. Neither the Grantor nor any Owner shall have legal title to or ownership of any part of the Trust Property. No transfer, by operation of law or otherwise, of any right, title and interest of the Grantor or any Owner in and to their undivided beneficial interest in the Trust Property hereunder shall operate to terminate this Agreement or the trusts hereunder, to dissolve, terminate or annul the Trust or to entitle any successor transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.
Appears in 4 contracts
Samples: Trust Agreement (American Capital Strategies LTD), Trust Agreement (Northwestern Corp), Trust Agreement (Peco Energy Transition Trust)
