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.
Appears in 10 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
