Common use of Purposes and Powers; Trust Clause in Contracts

Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 10 Section 2.05. Initial Capital Contribution of Trust Estate 10 Section 2.06. Declaration of Trust 10 Section 2.07. Title to Trust Estate 10 Section 2.08. Situs of Trust 10 Section 2.09. Nature of Interest in the Trust Estate 10 Section 2.10. Tax Matters 10 Section 2.11. Fiscal Year 11 Section 2.12. Closing 11 Section 2.13. Books and Records 11 Section 2.14. Limitation on Liability of Transferor and Others 11 Section 2.15. Representations and Warranties of each Beneficiary 11 ARTICLE III Section 3.01. Initial Ownership 12 Section 3.02. Restrictions on Transfer 12 ARTICLE IV DISTRIBUTIONS OF FUNDS Section 4.01. Distribution of Funds 13 Section 4.02. Payments from Trust Estate Only 13 Section 4.03. Method of Payment 13 Section 4.04. Transferor Interest; Transferor Certificates 13 TABLE OF CONTENTS (continued) Page ARTICLE V

Appears in 2 contracts

Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC), Trust Agreement (American Express Receivables Financing Corp VIII LLC)

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Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 10 9 Section 2.05. Initial Capital Contribution of Trust Estate 10 9 Section 2.06. Declaration of Trust 10 9 Section 2.07. Title to Trust Estate 10 Section 2.08. Situs of Trust 10 Section 2.09. Nature of Interest in the Trust Estate 10 Section 2.10. Tax Matters 10 Section 2.11. Fiscal Year 11 10 Section 2.12. Closing 11 10 Section 2.13. Books and Records 11 10 Section 2.14. Limitation on Liability of Transferor and Others 11 Section 2.15. Representations and Warranties of each Beneficiary 11 ARTICLE III BENEFICIAL INTEREST Section 3.01. Initial Ownership 12 Section 3.02. Restrictions on Transfer 12 ARTICLE IV DISTRIBUTIONS OF FUNDS Section 4.01. Distribution of Funds 13 12 Section 4.02. Payments from Trust Estate Only 13 12 Section 4.03. Method of Payment 13 Section 4.04. Transferor Interest; Transferor Certificates 13 TABLE OF CONTENTS (continued) Page ARTICLE VPage

Appears in 1 contract

Samples: Trust Agreement (American Express Receivables Financing Corp VIII LLC)

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Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 10 9 Section 2.05. Initial Capital Contribution of Trust Estate 10 9 Section 2.06. Declaration of Trust 10 9 Section 2.07. Title to Trust Estate 10 9 Section 2.08. Situs of Trust 10 9 Section 2.09. Nature of Interest in the Trust Estate 10 11 Section 2.10. Tax Matters 10 11 Section 2.11. Fiscal Year 11 Section 2.12. Closing 11 Section 2.13. Books and Records 11 Section 2.14. Limitation on Liability of Transferor and Others 11 Section 2.15. Representations and Warranties of each Beneficiary 11 ARTICLE III Section 3.01. Initial Ownership 12 Section 3.02. Restrictions on Transfer 12 ARTICLE IV DISTRIBUTIONS OF FUNDS Section 4.01. Distribution of Funds 13 Section 4.02. Payments from Trust Estate Only 13 Section 4.03. Method of Payment 13 Section 4.04. Transferor Interest; Transferor Certificates 13 TABLE OF CONTENTS (continued) Page ARTICLE VPage

Appears in 1 contract

Samples: Trust Agreement (American Express Issuance Trust)

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