Common use of Title to Collateral Clause in Contracts

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall be held and administered by the Delaware Trustee for the benefit of the Trust and each Securityholder, except that with respect to the Collateral collaterally assigned to the Indenture Trustee, legal title to the Collateral shall be vested at all times in the Indenture Trustee, for the benefit of the applicable Holders and such Collateral shall be held by the Indenture Trustee.

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall be held and administered by the Delaware Trustee for the benefit of the Trust and each Securityholderthe Trust Beneficial Owner, except that with respect subject to the Collateral collaterally assigned to rights and interests of the Indenture Trustee, legal title to the Collateral shall be vested at all times in the Indenture Trustee, for the benefit on behalf of the applicable Holders and such Collateral shall be held by of Notes, under the Indenture TrusteeIndenture.

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall be held and administered by the Delaware Trustee for the benefit of the Trust and each Securityholder, except that with respect to the Collateral Funding Agreement and the Guarantee collaterally assigned to the Indenture Trustee, legal title to the Collateral Funding Agreement and the Guarantee shall be vested recorded at all times in the books and records of Principal Life and PFG, respectively, in the name of the Indenture Trustee, for the benefit of the applicable Holders and such Collateral shall be held by the Indenture TrusteeHolders.

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall be held and administered by the Delaware Trustee for the benefit of the Trust and each Securityholder, except that with respect to the Collateral collaterally assigned to the Indenture Trustee, legal title to the Collateral shall be vested at all times in the Indenture Trustee, for the benefit of the applicable Holders and such Collateral shall be held by the Indenture Trustee.

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall be held and administered by the Delaware Trustee for the benefit of the relevant Trust Series and each SecurityholderSecurityholder with respect to the relevant Trust Series, except that with respect to the Collateral collaterally assigned to the Indenture Trustee, legal title to the Collateral shall be vested at all times in the Indenture Trustee, for the benefit of the applicable Holders and such Collateral shall be held by the Indenture TrusteeHolders.

Title to Collateral. Legal title to the Collateral shall be vested at all times in the Trust as a separate legal entity and shall Trust, except where applicable law in any jurisdiction requires title to any part of the Collateral to be held and administered by vested in the Delaware Trustee for the benefit of the Trust and each Securityholderor any co-trustee, except that with respect to the Collateral collaterally assigned to the Indenture Trustee, in which case legal title to the Collateral shall be deemed to be vested at all times in the Indenture Trustee, Delaware Trustee or any co-trustee appointed hereunder for the benefit of the applicable Holders and such Collateral shall be held by the Indenture Trusteepurpose.