Title to the Trust Estate. Legal title to all the Trust Estate shall be vested at all times in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.
Appears in 9 contracts
Samples: Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2003-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2004-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2004-1)
