Payments from Trust Estate Sample Clauses

Payments from Trust Estate. All payments to be made by the Owner Trustee under this Trust Agreement or any of the Basic Documents to which the Owner Trustee is a party shall be made only from the income and proceeds of the Trust Estate or from other amounts required to be provided by the Certificateholders and only to the extent that the Owner Trust shall have received income or proceeds from the Trust Estate or the Certificateholders to make such payments in accordance with the terms hereof. Wilmington Trust Company, in its individual capacity, shall not be liable for any amounts payable under this Trust Agreement or any of the Basic Documents to which the Owner Trustee is a party.
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Payments from Trust Estate. All payments to be made by the Owner Trustee on behalf of the Issuer under this Agreement or any of the other Transaction Documents to which the Issuer or the Owner Trustee is a party shall be made only from the corpus, income and proceeds of the Trust Estate and only to the extent that the Owner Trustee shall have received corpus, income or proceeds from the Trust Estate to make such payments in accordance with the terms hereof. U.S. Bank Trust National Association, or any successor thereto, in its individual capacity, shall not be liable for any amounts payable under this Agreement or any of the other Transaction Documents to which the Issuer or the Owner Trustee is a party.
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Payments from Trust Estate. All payments to be made by the Owner Trustee or any Paying Agent under this Agreement or any of the Transaction Documents or, with respect to Certificates, any Series Supplement or any Series related document to which the Trust or the Owner Trustee is a party shall be made only from the income and proceeds of the Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Trust Estate to make such payments in accordance with the terms hereof. Wilmington Trust Company, or any successor thereto, in its individual capacity, shall not be liable for any amounts payable under this Agreement or any of the Transaction Documents or, with respect to the Notes, the Certificates or any Series related document to which the Trust or the Owner Trustee is a party. [End of Article VI]
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Payments from Trust Estate. All payments to be made by the Trustee on behalf of the Trust, whether under this Agreement or any of the other Operative Documents to which the Trust is a party or otherwise, shall be made only from the Trust Estate
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Payments from Trust Estate. All payments to be made by the Trustees to any Beneficial Interest Holder shall be made only from the assets, income and proceeds of the Trust Estate and only to the extent that the Trustees shall have received sufficient assets, income, or proceeds of the Trust Estate to make such payments in accordance with the terms of this Section 6. Each Beneficial Interest Holder shall look solely to the assets, income, and proceeds of the Trust Estate for distribution to such Beneficial Interest Holder as herein provided.
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Payments from Trust Estate. All payments of investment and Yield to be made by the Trustee under this Trust Agreement shall be made only from the income and the proceeds from the Trust Estate and only to the extent that the Trustee shall have sufficient income or proceeds from the Trust Estate to make such payments. Each Holder, by its acceptance of its Certificates, agrees: (i) that it will look solely to the income and proceeds from the Trust Estate to the extent available for distribution to such Holder as herein provided; and (ii) that in any action or proceeding brought on such Certificates, on the indebtedness evidenced thereby, on this Trust Agreement or on any other Operative Document, except as expressly provided with respect to the Trustee herein or in any other Operative Document, no deficiency or other monetary judgment shall be sought or obtained against the Trustee for the indebtedness evidenced by such Certificates, except as is necessary to enforce the rights and remedies of such Holder under this Trust Agreement and the other Operative Documents (including, but not by way of limitation, the foreclosure of the Lien on the Equipment), in which event any such judgment shall be enforceable against the Trustee only to the extent of the interest of the Trustee in the Trust Estate and any such judgment shall not be enforceable by execution or be a Lien on any of the assets of the Trustee other than the interest of the Trustee in the Trust Estate.
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Payments from Trust Estate. All payments to be made by the Trustee to any Beneficial Interestholder shall be made only from the assets, income and proceeds of the Trust Estate and only to the extent that the Trustee shall have received sufficient assets, income, or proceeds of the Trust Estate to make such payments in accordance with the terms of this Section Six. Each Beneficial Interestholder shall look solely to the assets, income, and proceeds of the Trust Estate for distribution to such Beneficial Interestholder as herein provided. Payments to Class B Beneficial Interestholders shall be made solely from the Distribution Fund. Payments to Class A Beneficial Interestholders may be made in kind as well as in cash.
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Payments from Trust Estate. All payments to be made by the Trustee on behalf of the Trust or otherwise under this Agreement or any of the documents to which the Trust is a party shall be made only from the income and proceeds of the Trust Estate or, in the event that the holder of the El Paso Interest shall have made a contribution pursuant to Section 3.03 or the Limestone Certificate Purchase Right or the Certificate Purchase Option shall have been exercised by the holder of the El Paso Interest or its designee or transferee, from the funds deposited with the Trustee in connection with such contribution or exercise and only to the extent that the Trust shall have received income or proceeds from the Trust Estate, or such deposit of a contribution under Section 3.03 or the EP Purchase Option Deposit Amount, respectively, as aforesaid, to make such payments in accordance with the terms hereof.
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Related to Payments from Trust Estate

  • Payments from Owner Trust Estate All payments to be made by the Owner Trustee under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party shall be made only from the income and proceeds of the Owner Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Owner Trust Estate to make such payments in accordance with the terms hereof. Wilmington Trust Company or any successor thereto, in its individual capacity, shall not be liable for any amounts payable under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party.

  • Initial Capital Contribution of Owner Trust Estate The Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

  • The Trust Estate The Depositor hereby assigns, transfers, conveys and sets over to the Trustee the sum of $10.00. The Trustee hereby acknowledges receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustee hereby declares that it will hold the trust estate in trust for the Depositor. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the "Business Trust Act"), and that this document constitute the governing instrument of the Trust. The Trustee is hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Business Trust Act.

  • Waiver of Distributions from Trust Account In connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions from the Trust Account.

  • Collection of Trust Student Loan Payments A. The Servicer shall make reasonable efforts (including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement) to collect all payments called for under the terms and provisions of the Trust Student Loans as and when the same shall become due and shall follow such collection procedures as it follows with respect to similar student loans that it services on behalf of SLM Corporation or any of its Affiliates. The Servicer shall allocate collections with respect to the Trust Student Loans between principal, interest and fees in accordance with Section 2.5 of the Administration Agreement. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Trust Student Loan. The Servicer may, at its option, retain any late payment charges that it collects.

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • No Legal Title to Owner Trust Estate in Certificateholders The Certificateholders shall not have legal title to any part of the Owner Trust Estate. The Certificateholders 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 Certificateholders to and in their ownership interest in the Owner 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 Owner Trust Estate.

  • Release of Owner Trust Estate (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

  • No Legal Title to Owner Trust Estate in Certificateholder The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner 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 Owner Trust Estate.

  • Release of Trust Estate (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

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