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 or the State of Minnesota. 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 or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 18 contracts

Samples: Trust Agreement (GMACM Home Equity Loan Trust 2006-He1), Trust Agreement (GMACM Home Equity Loan Trust 2007-He2), Trust Agreement (GMACM Home Equity Loan Trust 2006-He5)

AutoNDA by SimpleDocs

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 or the State of MinnesotaDelaware. 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 Delaware, Maryland, Minnesota or MinnesotaNew York, and payments will be made by the Trust only from Delaware Delaware, Maryland, Minnesota or MinnesotaNew York. The only office of the Trust maintained by the Owner Trustee will be at the Corporate Trust Office of the Owner Trustee in DelawareDelaware or California.

Appears in 12 contracts

Samples: Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Trust Agreement (MORTGAGEIT TRUST 2005-3, Mortgage-Backed Notes, Series 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 States of Delaware Delaware, New York or the State of Minnesota. The Trust shall not have any employees in any state 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 Delaware, New York or Minnesota, and payments will be made by the Trust only from Delaware Delaware, New York or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 8 contracts

Samples: Trustee Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-A), Trust Agreement (Bear Stearns Asset Backed Securities Inc), Trust Agreement (Irwin Home Equity Loan Trust 2005-1)

Situs of Trust. The Trust will be located and administered in the State of DelawareDelaware or Minnesota. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of Minnesota. 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 or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 5 contracts

Samples: Trust Agreement (Home Equity Mortgage Trust 2007-1), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-B)

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 or the State of MinnesotaNew York. 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 or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 5 contracts

Samples: Trust Agreement (Residential Asset Mortgage Products Inc), Trust Agreement (Residential Asset Mortgage Products Inc), Trust Agreement (Residential Asset Mortgage Products Inc)

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 or the State of Minnesota. 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 Trustee, the Servicer or any agent of the Trust from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03Delaware. Payments will be received by the Trust only in Delaware or the State of Minnesota, and payments will be made by the Trust only from Delaware or the State of Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 3 contracts

Samples: Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp)

Situs of Trust. The Trust will be located and administered in the State state of Delaware. All bank accounts maintained at a bank by the Owner Trustee or the Indenture Trustee on behalf of the Trust shall be located in the State of Delaware Delaware, the State of Minnesota or the State of MinnesotaConnecticut. The Trust shall not have any employees in any state other than Delawareemployees; 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 2.03Delaware. Payments will be received by the Trust only in Delaware Delaware, Minnesota or MinnesotaConnecticut, and payments will be made by the Trust only from Delaware Delaware, Minnesota or MinnesotaConnecticut. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 3 contracts

Samples: Deposit Trust Agreement (Residential Asset Funding Corp), Deposit Trust Agreement (Residential Asset Funding Corp), Deposit Trust Agreement (Prudential Securities Secured Financing Corp)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of DelawareIllinois. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware Delaware, Illinois, New York or the State of Minnesota. 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 2.03Delaware. Payments will be received by the Trust only in Delaware Delaware, Illinois, New York or Minnesota, and payments will be made by the Trust only from Delaware Delaware, Illinois, New York or Minnesota. The only office of the Trust will shall be at the Corporate Trust Office principal corporate trust office of the Owner Trustee in Delawarelocated at 0000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000.

Appears in 2 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2012-B), Trust Agreement (World Omni Auto Receivables Trust 2012-B)

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 or the State of MinnesotaDelaware. 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 Delaware, Minnesota or MinnesotaNew York, and payments will be made by the Trust only from Delaware Delaware, Minnesota or MinnesotaNew York. The only office of the Trust maintained by the Owner Trustee will be at the Corporate Trust Office of the Owner Trustee in DelawareDelaware or California.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement (Citigroup Mortgage Loan Trust 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 or the State of Minnesota. 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 2.032.03 hereof. Payments will be received by the Trust only in Delaware or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 2 contracts

Samples: Trust Agreement (Gmacm Home Equity Loan Trust 2003-He2), Trust Agreement (Residential Asset Mortgage Products Inc)

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 or Minnesota. Payments will be received by the State of Trust in Minnesota and payments will be made by the Trust from Minnesota. 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 Trustee, the Master Servicer or any agent of the Trust 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 or Minnesota, and payments will be made by the Trust only from Delaware or MinnesotaDelaware. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 2 contracts

Samples: Trust Agreement (Household Auto Receivables Corp), Execution (Household Automobile Revolving Trust I)

Situs of Trust. The Trust will be located and administered in the State of Delaware. All bank or trust accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of Minnesota. 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 2.03Delaware. Payments will be received by the Trust only in Delaware or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Sunterra Corp)

AutoNDA by SimpleDocs

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 or the State of Minnesota. The Trust shall not have any employees in any state other than Delawareemployees; 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 2.03Delaware. Payments will be received by the Trust only in Delaware or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office in the State of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2010-B)

Situs of Trust. The Trust will be located and administered in the State state of DelawareDelaware or Minnesota. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State state of Delaware or the State state of Minnesota. 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 state of Delaware or taking actions outside the State state of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Owner Trust Agreement (Credit Suisse First Boston Mor Ac Corp CSFB Abs Tr 2002 Hi23)

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 or the State of MinnesotaMinnesoata. 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 or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (C-Bass Mortgage Loan as-BCK Nt Sal Mort Ln Tr Ser 2001-Cb4)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of Delaware[Illinois]. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State States of Delaware Delaware[, Minnesota or the State of MinnesotaIllinois]. 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 2.03Delaware. Payments will be received by the Trust only in Delaware Delaware[, Minnesota or MinnesotaIllinois], and payments will be made by the Trust only from Delaware Delaware[, Minnesota or MinnesotaIllinois]. The only office of the Trust will shall be at the Corporate Trust Office principal corporate trust office of the Owner Trustee in Delawarelocated at [ ].

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Receivables LLC)

Situs of Trust. The Trust will be located and --------------- administered in the State of DelawareDelaware or Minnesota. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of Minnesota. 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 or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Owner Trust Agreement (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

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 or the State of MinnesotaNew York. 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 Delaware, Minnesota or MinnesotaNew York, and payments will be made by the Trust only from Delaware Delaware, Minnesota or MinnesotaNew York. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc)

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 or the State of Minnesota. 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 Trustee, the Servicer or any agent of the Trust from having employees within or without the State of Delaware or taking actions outside the State of Delaware in order to comply with Section 2.03Delaware. Payments will be received by the Trust only in Delaware or Minnesota, and payments will be made by the Trust only from Delaware or Minnesota. The only office of the Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Conseco Finance Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!