Common use of No Legal Title to Trust Clause in Contracts

No Legal Title to Trust. Property in Certificateholder(s). The Certificateholder(s) shall not have legal title to any part of the Trust Property. The Certificateholder(s) shall be entitled to receive distributions with respect to their undivided 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(s) to and in their ownership interest in the Trust Property 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 Property.

No Legal Title to Trust. Property Estate in Certificateholder(s)the Certificateholder. The Certificateholder(s) Certificateholders shall not have legal title to any part of the Trust Property. The Certificateholder(s) Estate; 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 their undivided 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(s) Certificateholders in and to and in their ownership interest in the Trust Property Estate or hereunder shall operate to terminate this Deposit Trust Agreement or the 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 PropertyEstate.

No Legal Title to Trust. Property in Certificateholder(sPROPERTY IN CERTIFICATEHOLDER(S). The Certificateholder(s) shall not have legal title to any part of the Trust Property. The Certificateholder(s) shall be entitled to receive distributions with respect to their undivided 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(s) to and in their ownership interest in the Trust Property 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 Property.

No Legal Title to Trust. Property in Certificateholder(s). The Certificateholder(s) CertificateholdersThe Certificateholders shall not have legal title to any part of the Trust Property. The Certificateholder(s) Certificateholders shall be entitled to receive distributions with respect to their undivided ownership interest beneficial interests therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title title, or interest of the Certificateholder(s) Certificateholders to and in their ownership beneficial interest in the Trust Property 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 Property.

No Legal Title to Trust. Property Estate in Certificateholder(s)the Certificateholder. The Certificateholder(s) Certificateholders shall not have legal title to any part of the Trust Property. The Certificateholder(s) Estate; 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 their undivided ownership interest therein only in accordance with Articles V and IXthe Trust Certificates). No transfer, transfer by operation of law or otherwise, otherwise of any right, title or interest of the Certificateholder(s) Certificateholders in and to and in their ownership interest in the Trust Property Estate or hereunder shall operate to terminate this Trust Agreement or the 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 PropertyEstate.

No Legal Title to Trust. Property in Certificateholder(s)Certificateholder. ----------------------------------------------------- The Certificateholder(s) Certificateholder shall not have legal title to any part of the Trust Property. The Certificateholder(s) Certificateholder shall be entitled to receive distributions with respect to their undivided ownership interest therein only in accordance with Articles V the Sale and IXServicing Agreement, the Spread Account Agreement and this Agreement. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder(s) Certificateholder to and in their its ownership interest in the Trust Property 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 Property.