Pursuant to the Titling. Trust Agreement, from time to time the Trustee, on behalf of the Titling Trust and at the direction of the UTI Beneficiary, will identify and allocate on the books and records of the Titling Trust certain Trust Assets and create and issue one or more special units of beneficial interest (each, a "SUBI"), the beneficiaries of which generally will be entitled to the net cash flows arising from such Trust Assets;
Appears in 9 contracts
Samples: Agreement of Definitions (Nissan Auto Leasing LLC Ii), 2004 a Subi Supplement (Nissan Auto Lease Trust 2004-A), Agreement of Definitions (Nissan Auto Lease Trust 2003-A)
Pursuant to the Titling. Trust Agreement, from time to time the Trustee, on behalf of the Titling Trust and at the direction of the UTI Beneficiary, will identify and allocate on the books and records of the Titling Trust certain Trust Assets and create and issue one or more special units of beneficial interest (each, a "βSUBI"β), the beneficiaries of which generally will be entitled to the net cash flows arising from such Trust Assets;
Appears in 3 contracts
Samples: Agreement of Definitions, Agreement of Definitions, Agreement of Definitions
Pursuant to the Titling. Trust Agreement, from time to time the Trustee, on behalf of the Titling Trust and at the direction of the UTI Beneficiary, will identify and allocate on the books and records of the Titling Trust certain Trust Assets and create and issue one or more special units of beneficial interest (each, a "SUBI"), the beneficiaries of which generally will be entitled to the net cash flows arising from such the corresponding Trust Assets;
Appears in 1 contract
Samples: 2005 a Subi Supplement (Nissan Auto Leasing LLC Ii)