Common use of No Legal Title to Trust Clause in Contracts

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 V and IX. 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 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 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 and shall not be entitled to create any liens in the Trust Estate. The Owners shall be entitled to receive distributions with respect to their undivided ownership interest therein in the Trust only in accordance with Articles V and IXArticle IV. No transfer, by operation of law or otherwise, of any right, title, or and interest of the Owners to and in their undivided 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. It is expressly acknowledged and agreed that, pursuant to Section 4.2 of this Agreement, title to the N Shares may under certain circumstances revert to Holdco, as more fully provided herein.

No Legal Title to Trust. Estate Property in Owners. The Owners ---------------------------------------- shall not have legal title to any part of the Trust Estate. The Owners Property and shall only be entitled to receive distributions with respect to their undivided ownership beneficial interest therein only in accordance with Articles V and IXpursuant to Section 5.01. No transfer, by operation of law or otherwise, of any right, title, or title and interest of the Owners in and to and in their ownership interest undivided beneficial interests in the Trust Estate Property or hereunder shall operate to terminate this Agreement 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 EstateProperty.