Common use of Situs of Trust Clause in Contracts

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust from having employees within or without the State of Delaware.

Appears in 17 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

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Situs of Trust. The Trust will be located in the State of Delaware and administered by the Owner Trustee in the States of Delaware, Delaware and Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware.

Appears in 9 contracts

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2004-3), Trust Agreement (Accredited Mortgage Loan Trust 2003-3), Trust Agreement (Accredited Mortgage Loan Trust 2005-2)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota Maryland and MichiganMinnesota. The Trust shall not have any employees; provided, however, that nothing Nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware. The Trust may also be qualified to do business in the State of New York.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1), Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-6), Trust Agreement (Thornburg Mortgage Securities Trust 2006-4)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota California and MichiganMaryland. The Trust shall not have any employees; provided, however, that nothing Nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware. The Trust may also be qualified to do business in the State of New York.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

Situs of Trust. The Trust will be located and administered in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit employees in any state other than in the Owner Trustee, the Servicer, the Backup Servicer, or any agent State of Delaware and payments will be received by the Trust only in the State of Delaware and payments will be made by the Trust only from having employees within or without the State of Delaware.

Appears in 6 contracts

Samples: Trust Agreement (National Collegiate Trust 1996-S2), Authority And (National Collegiate Trust 1996-S2), Trust Agreement (National Collegiate Trust 1996-S2)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, IllinoisMassachusetts, Minnesota Maryland and MichiganMinnesota. The Trust shall not have any employees; provided, however, that nothing Nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware. The Trust may also be qualified to do business in the State of New York.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (HomeBanc 2007-1), Pooling and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (Homebanc Corp)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit employees in any state other than in the Owner Trustee, State of Delaware and payments will be received by the Servicer, the Backup Servicer, or any agent Trustee on behalf of the Trust from having employees within or without only in the Commonwealth of Massachusetts, the State of DelawareDelaware or the State of Georgia and payments will be made by the Trustee on behalf of the Trust only from the Commonwealth of Massachusetts, the State of Delaware or the State of Georgia.

Appears in 2 contracts

Samples: Administration Agreement (First Marblehead Corp), Administration Agreement (First Marblehead Corp)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Subservicer, the Back-up Servicer, the Backup Servicer, Master Servicer or any agent of the Trust from having employees within or without the State of Delaware. [The only office of the Trust will be at the Corporate Trust Office in Delaware.]

Appears in 1 contract

Samples: Trust Agreement (United Fidelity Finance LLC)

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Situs of Trust. The Trust will be located in the State of Delaware and administered by the Owner Trustee in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (Accredited Mortgage Loan REIT Trust)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Massachusetts, Illinois, Minnesota Maryland and MichiganMinnesota. The Trust shall not have any employees; provided, however, that nothing Nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware. The Trust may also be qualified to do business in the State of New York.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and Michigan. The Trust shall not have any employees; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Back-up Servicer, the Backup Servicer, Master Servicer or any agent of the Trust from having employees within or without the State of Delaware. The only office of the Trust will be at the Corporate Trust Office in Delaware.

Appears in 1 contract

Samples: Trust Agreement (United Fidelity Auto Receivables Trust 2002-A)

Situs of Trust. The Trust will be located and administered -------------- in the State of Delaware and administered in or the States State of Delaware, Illinois, Minnesota and MichiganNew York. The Trust shall not have any employeesemployees in any state other than Delaware; provided, however, provided that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware. The only office of the Trust will be at the Owner Trustee Corporate Trust Office.

Appears in 1 contract

Samples: Trust Agreement (Mitsui Vendor Leasing 1998-1 LLC)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the States of Delaware, Illinois, Minnesota and MichiganMinnesota. The Trust shall not have any employees; provided, however, that nothing Nothing herein shall restrict or prohibit the Owner Trustee, the Servicer, the Backup Servicer, or any agent of the Trust Trustee from having employees within or without the State of Delaware.

Appears in 1 contract

Samples: Trust and Pooling Agreement (Structured Asset Mortgage Investments Inc)

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