Common use of Situs of Trust Clause in Contracts

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, Minnesota, Maryland or California, and payments will be made by the Trust only from Delaware, New York, Minnesota or California. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 16 contracts

Samples: Trust Agreement (Imh Assets Corp), Trust Agreement (Imh Assets Corp), Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2000 1)

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Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, Minnesota, Maryland or California, and payments will be made by the Trust only from Delaware, New York, Minnesota York or California. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 11 contracts

Samples: Trust Agreement (IMPAC CMB Trust Series 2005-5), Trust Agreement (IMPAC CMB Trust Series 2005-5), Trust Agreement (IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-6)

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New YorkMaryland, Minnesota, Maryland New York or California, and payments will be made by the Trust only from Delaware, Maryland, Minnesota, New York, Minnesota York or California. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 10 contracts

Samples: Trust Agreement (Renaissance Home Equity Loan Trust 2006-4), Trust Agreement (Renaissance Home Equity Loan Trust 2007-1), Trust Agreement (Renaissance Home Equity Loan Trust 2005-3)

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, Minnesota, Maryland or California, and payments will be made by the Trust only from Delaware, Maryland, California or New York, Minnesota or California. The only office of the Trust will be at the Corporate Trust Office in DelawareDelaware or California.

Appears in 6 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2006-1)

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, MinnesotaMaryland, Maryland Minnesota or California, and payments will be made by the Trust only from Delaware, Maryland, Minnesota, California or New York, Minnesota or California. The only office of the Trust will be at the Corporate Trust Office in DelawareDelaware or California.

Appears in 4 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2007-1), Trust Agreement (American Home Mortgage Investment Trust 2006-3), Trust Agreement (American Home Mortgage Investment Trust 2006-2)

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Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit orprohibit the Owner Trustee from having employees within or without orwithout the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, Minnesota, Maryland or California, and payments will be made by the Trust only from Delaware, New York, Minnesota or California. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of DelawareDelaware or the State of California. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, New York, Minnesota, Maryland York or California, and payments will be made by the Trust only from Delaware, New York, Minnesota York or California. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Superior Bank FSB)

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