Organization of the Trust. AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE
Organization of the Trust. 2 SECTION 2.1 Name.........................................................................2 SECTION 2.2 Office.......................................................................2 SECTION 2.3
Organization of the Trust. The Trust is a duly formed and validly existing trust under the laws of the State of Texas.
Organization of the Trust. The Trust is a business trust duly organized and validly existing under the laws of the State of California and no personal liability attaches to the holders of the Class A Shares by reason of the ownership thereof. The Trust is duly qualified to transact business in each of the jurisdictions in which the ownership or leasing of the properties used in its business or the conduct of its business requires such qualification, other than in such jurisdictions where the failure to be so qualified would not have a Material Adverse Effect on the Trust. The Trust has all requisite trust power and authority to own or lease and operate its properties and to carry on its business as now conducted.
Organization of the Trust. The Trust has been duly executed and established under the laws of Mexico. The trustee of the Trust, is duly organized and is a validly existing financial institution authorized to act as trustee under the laws of Mexico.
Organization of the Trust. SECTION 2.1 Name . . . . . . . . . . . . . . . . . 6 SECTION 2.2 Office . . . . . . . . . . . . . . . . 6 SECTION 2.3
Organization of the Trust. SECTION 2.1. NAME AMENDMENT AND RESTATEMENT OF TRUST AGREEMENT. The Trust created under the Base Trust Agreement is known as "Allstate Life Global Funding." The Trust's activities may be conducted under the name of the Trust by the Delaware Trustee or by the Administrator on its behalf. This Trust Agreement amends and restates the Base Trust Agreement in its entirety.
Organization of the Trust. AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE
Section 2.01. Establishment of the Trust. On January 15, 2003, the Sponsor and the Delaware Trustee established the Trust, and the Initial Trust Agreement. The Initial Trust Agreement is hereby amended and restated in its entirety. The Trust shall be known as GMAC Education Loan Funding Trust-I. Simultaneously with the execution hereof, the Sponsor shall make a contribution to the Trust as the Sponsor’s contribution, as described more fully in Exhibit A hereto, and thereafter may transfer and assign the property described in the granting clauses of the Indenture to the Trust under the terms of the Loan Sale Agreement and other assignment agreements by and between the Sponsor, as seller or assignor, and the Trust, as purchaser or assignee, and may assume certain obligations under and in accordance with the Transaction Documents. Upon the making of such contribution, the Delaware Trustee shall record the amount thereof on the books of the Trust and the investment of the Sponsor therein. It is the intention of the parties hereto that the Trust shall constitute a statutory trust under the Trust Statute (for which the Delaware Trustee has filed a certificate of trust with the Secretary of State of the State of Delaware pursuant to Section 3810(a) of the Delaware Statutory Trust Act in substantially the form attached to the Initial Trust Agreement), that this Trust Agreement shall constitute the governing instrument of such Trust and that the Certificateholders shall hold all of the beneficial interests in the Trust. The rights of the Certificateholders shall be determined herein and the relationship between the parties hereto created by this Trust Agreement shall not constitute indebtedness for any purpose. Subject to Section 2.08 hereof, it is the intention of the parties hereto that, solely for purposes of federal income taxes, state and local income and franchise taxes, and any other taxes imposed on, measured by or based upon gross or net income, (i) if there is only one Certificateholder, the Trust shall be treated as a disregarded entity separate from its owner pursuant to Treasury Regulation 301.7701-2(c)(2) and (ii) if there is more than one Certificateholder, the Trust shall be treated as a partnership, and that the provisions of this Trust Agreement shall be construed in accordance with such intent. The parties hereto agree to take no action inconsistent with ...
Organization of the Trust. The Trust subsists as a trust under the laws of Ontario and the Issuer Trustee has all necessary power and authority to engage in the business described in the Declaration of Trust in Ontario and the other provinces and territories of Canada.
Organization of the Trust. SECTION 1 NAME. The Trust created hereby shall be known as "MMCA Auto Owner Trust 1997-1", in which name the Owner Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and xxx and be sued.
