Title to Trust Assets. The Trust Assets shall comprise the assets of the Trust. The only assets of the Trust shall be all right, title and interest of the Trust in, to and under, whether now owned or existing, or hereafter acquired or arising, (a) the Basic Documents, (b) the IO Q-REMIC Interest, (c) the Distribution Account and any amounts from time to time on deposit therein, (d) the Custodian Account and any amounts from time to time on deposit therein, (e) all Eligible Investments and all income realized from the investment thereof, (f) all accounts, general intangibles, chattel paper, instruments, documents, goods, money, investment property, deposit accounts, letters of credit and letter-of-credit rights, consisting of, arising from, or relating to, any of the foregoing, and (g) all proceeds, accessions, profits, income, benefits, substitutions and replacements, whether voluntary or involuntary, of and to any of the property of the Trust. Subject to the Indenture, legal title to the Trust Assets shall be vested at all times in the Trust as a separate legal entity. In no event shall title to the Trust Assets be placed in the name of the Owner Trustee. The Certificateholder shall not have legal title to any part of the Trust Assets.
Title to Trust Assets. The Trust Assets shall comprise the assets of the Trust. The only assets of the Trust shall be all right, title and interest of the Trust in, to and under, whether now owned or existing, or hereafter acquired or arising, (a) the Basic Documents, (b) the Distribution Account and any amounts from time to time on deposit therein, (c) the Custodian Account and any amounts from time to time on deposit therein, (d) all Eligible Investments and all income realized from the investment thereof, (e) all accounts, general intangibles, chattel paper, instruments, documents, goods, money, investment property, deposit accounts, letters of credit and letter-of-credit rights, consisting of, arising from, or relating to, any of the foregoing, and (f) all proceeds, accessions, profits, income, benefits, substitutions and replacements, whether voluntary or involuntary, of and to any of the property of the Trust. Subject to the Indenture, legal title to the Trust Assets shall be vested at all times in the Trust as a separate legal entity. In no event shall title to the Trust Assets be placed in the name of the Owner Trustee. The Certificateholder shall not have legal title to any part of the Trust Assets.
Title to Trust Assets. Title to the funds and property of the Trust, including without limitation Loss Funds, shall be vested in and remain exclusively in the Trust and no Participant shall have any right, title or interest in the Loss Funds except as set forth in the Coverage documents nor any right to Contributions made or to be made thereto, nor any claim against any other Participant on account thereof, except as provided by law or by amendment to this Agreement.
Title to Trust Assets. The Trustees shall have title to the assets of the Trust Fund. The Company shall have no right, title, interest or claim to said Trust Fund except as permitted under the terms of Article V, Sections 5.4 and 5.5 hereof and Article XV, Section 15.5.
Title to Trust Assets. Until the Trust terminates pursuant to the terms hereof, legal title to the Trust Assets and all property contained therein shall be vested at all times in the Trust as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Assets to be vested in the Litigation Trustee, in which case title shall be deemed to be vested in the Litigation Trustee, solely in its capacity as Litigation Trustee. For purposes of such jurisdictions, the term Trust, as used herein or in the Plan, shall be read to mean the Litigation Trustee.
Title to Trust Assets. No Participant or Beneficiary shall have any right to, or interest in, any assets of the Trust Fund other than as provided under the terms of this Plan. All payments of benefits shall be made from the Trust Fund and no claim shall be made upon the Employer or any other person for such payments.
Title to Trust Assets. Title to all of the Trust Assets shall be vested in the Trust until this Agreement terminates pursuant to Article 16; provided, however, that if the Laws of any jurisdiction require that title to any part of the Trust Assets be vested in a trustee of the Trust, then title to that part of the Trust Assets shall be deemed to be vested in the Trustee.
Title to Trust Assets. Title to the FX Luxury Stock shall be held in the name of the Trustee. The sole interest of the CKX Stockholders in the Trust and the FX Luxury Stock shall be the rights and benefits given to such Persons under this Agreement.
Title to Trust Assets. (a) The transfer of the Trust Assets to the Trust shall be made by the Debtors for the benefit and on behalf of the holders of Allowed Enron Preferred Equity Interests (whether or not Allowed on or after the Effective Date). Upon the issuance of the Exchanged Enron Preferred Stock, the Trustee shall have all right, title and interest in the Exchanged Enron Preferred Stock.
Title to Trust Assets. Pursuant to the Plan, all of the Debtors’ right, title and interest in and to the Litigation Trust Assets, including any such assets held or controlled by third parties, are automatically vested in the Litigation Trust on the Effective Date, free and clear of all Liens, Claims, encumbrances, rights of setoff, and other interests (legal, beneficial, or otherwise) of any Person, and such transfer is on behalf of the Beneficiaries to establish the Litigation Trust. The Litigation Trust shall be authorized to obtain possession or control of, liquidate, abandon, and/or collect all of the Litigation Trust Assets (whether in the possession or control of the Litigation Trustee or third parties), in accordance with the terms of this Agreement. On the Effective Date, the Litigation Trust shall be substituted for the Debtors with respect to the Litigation Trust Assets. To the extent any restriction on transferability under applicable non-bankruptcy law prohibits the transfer of ownership of any of the Litigation Trust Assets from the Debtors to the Litigation Trust and such law is not superseded or pre-empted by the Bankruptcy Code, any such assets shall be deemed to have been retained by the Debtors (other than for tax purposes) and the Litigation Trustee shall be deemed to have been designated as an agent of the Debtors to administer, monetize and liquidate any such Litigation Trust Assets on behalf of the Debtors for the benefit of the Beneficiaries (and any proceeds of such Litigation Trust Assets shall be distributed to the Beneficiaries consistent with this Agreement and the Plan).
