Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 307 contracts
Samples: Trust Agreement (Deere John Capital Corp), Trust Agreement (John Deere Receivables LLC), Trust Agreement (Deere John Capital Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate Property shall be vested at all times in the Trust Property Trustee (in its capacity as a separate legal entity except where applicable law in any jurisdiction requires title to any part such) and shall be held and administered by the Property Trustee for the benefit of the Owner Securityholders in accordance with this 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 beAgreement.
Appears in 196 contracts
Samples: Trust Agreement (Air T Inc), Trust Agreement (Air T Funding), Trust Agreement (Air T Inc)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner 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 153 contracts
Samples: Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-3 Owner Trust)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 138 contracts
Samples: Trust Agreement, Trust Agreement (Opteum Mortgage Acceptance CORP), Trust Agreement (Shellpoint Mortgage Acceptance LLC)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 112 contracts
Samples: Trust Agreement (Navient Student Loan Trust 2014-8), Trust Agreement (Navient Student Loan Trust 2014-4), Trust Agreement (Navient Student Loan Trust 2014-5)
Title to Trust Property. Legal title to all the entirety of the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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 106 contracts
Samples: Trust Agreement (CarMax Auto Owner Trust 2010-3), Trust Agreement (CarMax Auto Owner Trust 2010-2), Trust Agreement (CarMax Auto Owner Trust 2010-1)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 beentity.
Appears in 106 contracts
Samples: Trust Agreement (Toyota Auto Receivables 2024-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2024-D Owner Trust), Trust Agreement (Toyota Auto Finance Receivables LLC)
Title to Trust Property. Legal Except with respect to the Mortgage Loans, which will be assigned of record to the Indenture Trustee pursuant to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 97 contracts
Samples: Trust Agreement (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-4), Trust Agreement (MORTGAGEIT TRUST 2005-2, Mortgage-Backed Notes, Series 2005-2), Trust Agreement (MortgageIT Trust 2005-5, Mortgage-Backed Notes, Series 2005-5)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 90 contracts
Samples: Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (SG Mortgage Securities, LLC)
Title to Trust Property. Legal Subject to the Lien granted in the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 77 contracts
Samples: Trust Agreement (CNH Equipment Trust 2024-C), Trust Agreement (CNH Equipment Trust 2024-B), Trust Agreement (CNH Equipment Trust 2024-A)
Title to Trust Property. Legal Subject to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be; provided that prior to taking title to any part of the Trust Estate, the Owner Trustee will notify the Servicer and the Indenture Trustee.
Appears in 71 contracts
Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-C), Trust Agreement (Hyundai Auto Receivables Trust 2024-C), Trust Agreement (Hyundai Auto Receivables Trust 2024-B)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets to be vested in a trustee or trusteestrustee, in which case title shall be deemed to be vested in the Owner Trustee, a Trustee or any co-trustee and/or a or separate trustee, as the case may be.
Appears in 49 contracts
Samples: Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Trust Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-C)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee an Owner Trustee or trusteesOwner 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 48 contracts
Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2011-2), Trust Agreement (Harley-Davidson Motorcycle Trust 2011-2), Trust Agreement (Harley-Davidson Motorcycle Trust 2011-1)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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 beentity.
Appears in 45 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables Corp Ii)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 42 contracts
Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a an owner trustee or owner 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 34 contracts
Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2024-B), Trust Agreement (Harley-Davidson Motorcycle Trust 2024-B), Trust Agreement (Harley-Davidson Motorcycle Trust 2024-A)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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 33 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Auto Finance Receivables LLC)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be.
Appears in 23 contracts
Samples: Trust Agreement (Irwin Home Equity Loan Trust 2005-1), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-A), Trust Agreement (Bear Stearns Asset Backed Securities Inc)
Title to Trust Property. Legal Subject to the Lien of the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be.
Appears in 21 contracts
Samples: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Vehicle Owner Trust 2018-A), Trust Agreement (BMW Vehicle Owner Trust 2018-A)
Title to Trust Property. Legal Subject to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be.
Appears in 21 contracts
Samples: Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2006-B), Trust Agreement (Hyundai Abs Funding Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets to be vested in a an owner trustee or owner 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 21 contracts
Samples: Trust Agreement (CIT Equipment Collateral 2008-Vt1), Trust Agreement (Cit Funding Co, LLC), Trust Agreement (Cit Equipment Collateral 2006-Vt2)
Title to Trust Property. Legal title to all of the Owner Trust Estate estate 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 Owner Trust Estate 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 20 contracts
Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Transaction Corp), Trust and Servicing Agreement (Uacsc 1999-B Owner Tr Auto Rec Bk Notes)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trusteestrustee, in which case title shall be deemed to be vested in the Owner Trustee, on behalf of the Issuer, a co-trustee and/or or a separate trustee, as the case may be.
Appears in 17 contracts
Samples: Trust Agreement (Financial Services Vehicle Trust), Trust Agreement (BMW Auto Leasing LLC), Trust Agreement (BMW Auto Leasing LLC)
Title to Trust Property. Legal Except with respect to the Mortgage Loans, which will be assigned to the Indenture Trustee pursuant to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 16 contracts
Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2006-2)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trusteestrustee, in which case title shall be deemed to be vested in the Owner Trustee, on behalf of the Issuer, a co-trustee and/or co‑trustee or a separate trustee, as the case may be.
Appears in 13 contracts
Samples: Trust Agreement (BMW Vehicle Lease Trust 2018-1), Trust Agreement (BMW Vehicle Lease Trust 2018-1), Trust Agreement (Financial Services Vehicle Trust)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 12 contracts
Samples: Rights Agreement (SWK Holdings Corp), Rights Agreement (Ballantyne Strong, Inc.), Rights Agreement (Euronet Worldwide Inc)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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 trusteeother trustees, as the case may be.
Appears in 12 contracts
Samples: Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp), Trust Agreement (Navistar Financial Corp)
Title to Trust Property. Legal title to all the entirety of the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner 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 or a separate trustee, as the case may be.
Appears in 11 contracts
Samples: Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (WDS Receivables LLC), Trust Agreement (Wachovia Auto Owner Trust 2008-A)
Title to Trust Property. Legal title to all the Owner Trust Estate Property 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 Owner Trust Estate Property 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 11 contracts
Samples: Trust Agreement (Arcadia Receivables Finance Corp), Trust Agreement (Olympic Receivables Finance Corp), Trust Agreement (Olympic Receivables Finance Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 10 contracts
Samples: Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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 10 contracts
Samples: Trust Agreement (SLM Private Credit Student Loan Trust 2005-A), Trust Agreement (SLM Private Credit Student Loan Trust 2005-B), Trust Agreement (SLM Education Credit Funding LLC)
Title to Trust Property. Legal title to all of the Owner Trust ----------------------- Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 9 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Title to Trust Property. Legal title to all of the Owner Trust Estate shall be vested at all times in the Owner Trust as a separate legal entity until this Agreement terminates pursuant to Article VIII, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trusteestrustees of a trust, in which case title to that part of the Owner Trust Estate 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 (Jpmorgan Chase Bank, National Association), Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust)
Title to Trust Property. Legal Subject to the Indenture, legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided, however, that legal title to the Financed Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 9 contracts
Samples: Trust Agreement (Wells Fargo Student Loans Receivables I LLC), Trust Agreement (SMS Student Loan Trust 2000-B), Trust Agreement (Usa Group Secondary Market Services Inc)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 (First National Funding LLC), Trust Agreement (First National Funding LLC), Trust Agreement (First National Master Note Trust)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity except where applicable law Applicable Law in any jurisdiction requires title to any part of the Owner 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 or a separate trustee, as the case may be.
Appears in 8 contracts
Samples: Trust Agreement (California Republic Auto Receivables Trust 2015-2), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets 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 or a separate trustee, as the case may be.
Appears in 7 contracts
Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee one or more trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or or a separate trustee, as the case may be.
Appears in 7 contracts
Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2008-A)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that legal title to the Financed Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 7 contracts
Samples: Trust Agreement (Crestar Bank /Va), Trust Agreement (Transworld Insurance Co), Trust Agreement (PNC Bank National Association/)
Title to Trust Property. Legal Except with respect to the Contracts, which will be assigned of record to the Indenture Trustee pursuant to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 7 contracts
Samples: Trust Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-B), Trust Agreement (Origen Manufactured Housing Contract Trust 2004-B), Trust Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-A)
Title to Trust Property. (a) Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets to be vested in a an owner trustee or owner 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.
(b) The Holders shall not have legal title to any part of the Trust Assets. The Holders shall be entitled to receive distributions from the Trust.
Appears in 6 contracts
Samples: Trust Agreement (Ace Securities Corp), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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, for the benefit of the Trust.
Appears in 6 contracts
Samples: Trust Agreement (Cit Marine Trust 1999-A), Trust Agreement (Cit Rv Trust 1999-A), Trust Agreement (Cit Rv Trust 1998-A)
Title to Trust Property. Legal title to all the Owner Trust ----------------------- Estate 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 Owner 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 5 contracts
Samples: Trust Agreement (Indymac Abs Inc), Trust Agreement (First Horizon Asset Securities Inc), Trust Agreement (MCG Capital Corp)
Title to Trust Property. Legal title to all the Owner ----------------------- Trust Estate 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 Owner 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 5 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Navistar Financial Retail Receivables Corporation)
Title to Trust Property. Legal Subject to the Indenture, legal title to all the Owner Trust Estate shall be vested at all times in the Owner Trustee, in its capacity as trustee for the Trust, in accordance with Section 3805(f) of the Statutory Trust Statute, with the same effect as if such property were held in the name of the Trust as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner 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 beentity.
Appears in 4 contracts
Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1), Trust Agreement (Merrill Auto Trust Securitization 2007-1), Trust Agreement (Merrill Auto Trust Securitization 2005-1)
Title to Trust Property. Legal title to all the Owner Trust Estate shall Assets shall, subject to any pledge to the Indenture Trustee, 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 Owner Trust Estate Assets 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 4 contracts
Samples: Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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 4 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A)
Title to Trust Property. Legal title to all the Owner Trust ----------------------- Estate 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 Owner 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 4 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Chevy Chase Bank FSB), Trust Agreement (First Consumers Master Trust)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be.
Appears in 4 contracts
Samples: Trust Agreement (Huntington Auto Trust 2012-2), Trust Agreement (Huntington Funding, LLC), Trust Agreement (Huntington Auto Trust 2012-1)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that, legal title to the Financed Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Key Bank Usa National Association), Trust Agreement (Mellon Bank N A), Trust Agreement (Key Bank Usa National Association)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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 bebe provided that legal title to the Trust Student Loans shall be vested at all times in the Trustee on behalf of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (SLM Private Credit Student Loan Trust 2006-A), Trust Agreement (SLM Private Credit Student Loan Trust 2006-B), Trust Agreement (SLM Private Credit Student Loan Trust 2006-C)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Navient Funding, LLC), Trust Agreement (Navient Student Loan Trust 2015-3), Trust Agreement (Navient Student Loan Trust 2015-2)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trusteestrustee, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or or a separate trustee, as the case may be.
Appears in 4 contracts
Samples: Trust Agreement (Ryder Truck Rental Lt), Trust Agreement (BMW Auto Leasing LLC), Trust Agreement (Ryder Truck Rental I Lp)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets 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 3 contracts
Samples: Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate shall will be vested at all times in the Trust Issuer as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trustees, in which case title shall it will be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Auto Receivables LLC)
Title to Trust Property. Legal title to all the entirety of the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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-co- trustee and/or a separate trustee, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two L P)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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-co- trustee and/or a separate trustee, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Morgan Stanley Abs Capital Ii Inc), Trust Agreement (First Merchants Acceptance Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate ----------------------- 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 Owner 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 3 contracts
Samples: Trust Agreement (Spiegel Master Trust), Trust Agreement (First Consumers Master Trust), Trust Agreement (Spiegel Master Trust)
Title to Trust Property. Legal title to all the Owner ----------------------- Trust Estate shall be vested at all times in the Trust as a separate legal entity Owner Trustee, on behalf of the Trust, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a co-trustee or trusteesa separate trustee, 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 3 contracts
Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 3 contracts
Samples: Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Household Consumer Loan Corp Ii)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 or a separate trustee, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Caterpillar Financial Asset Trust 2005-A), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Crystal Oil Co)
Title to Trust Property. Legal title to all of the Owner Trust Estate [and the Sub-Trust Assets] 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 Owner Trust Estate [or the Sub-Trust Assets] 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 3 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp)
Title to Trust Property. Legal title to all the Owner entirety of the Trust Estate Property shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate Property 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 3 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2004-A), Trust Agreement (Ford Credit Auto Owner Trust 2005-B), Trust Agreement (Ford Credit Auto Owner Trust 2005-C)
Title to Trust Property. Legal title to all the Owner Trust Estate ----------------------- 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 Owner 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 2 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Ml Asset Backed Corp)
Title to Trust Property. (a) Legal title to all of the Owner Trust Estate 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 Owner 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 2 contracts
Samples: Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Auto Receivables Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets 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, on behalf of the Trust, as the case may be.
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Leasing LLC Ii)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity except where applicable law in any jurisdiction juris- diction requires title to any part of the Owner 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 2 contracts
Samples: Trust Agreement (Household Consumer Loan Trust 1997-2), Trust Agreement (Household Consumer Loan Trust 1997-1)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets 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 2 contracts
Samples: Trust Agreement (Nordstrom Inc), Trust Agreement (Nordstrom Inc)
Title to Trust Property. Legal title to all of the Owner Trust Estate shall be vested at all times in the Owner Trust as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner 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 2 contracts
Samples: Trust Agreement (Conseco Finance Credit Card Funding Corp), Trust Agreement (Conseco Finance Credit Funding Corp)
Title to Trust Property. Legal title to all the Owner entirety of the Trust Estate Property 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 Owner 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 beentity.
Appears in 2 contracts
Samples: Trust Agreement (USAA Auto Owner Trust 2008-1), Trust Agreement (Usaa Acceptance LLC)
Title to Trust Property. Legal title to all of the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, or in a limited liability company in the case of the REO Property, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Issuer Trustee, a co-trustee and/or a separate trustee, as the case may be.
Appears in 2 contracts
Samples: Declaration and Agreement of Trust, Declaration and Agreement of Trust
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner 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 cotrustee and/or a separate trustee, as the case may bebe provided that legal title to the Trust Student Loans shall be vested at all times in the Trustee on behalf of the Trust.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Title to Trust Property. Legal title to all the Owner ----------------------- Trust Estate 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 Owner 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-co- trustee and/or a separate trustee, as the case may be.
Appears in 2 contracts
Samples: Trust Agreement (Indymac Abs Inc), Trust Agreement (Provident Bank)
Title to Trust Property. Legal title to all the Owner Lease Trust Estate shall be vested at all times in the Trust as a separate legal entity Lease Trust, except where applicable law in any jurisdiction requires title to any part of the Owner Lease Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Lease Trustee, a co-trustee and/or a separate trustee, as the case may be.
Appears in 2 contracts
Samples: Lease Trust Agreement (RCL Trust 1996 1), Lease Trust Agreement (RCL Trust 1996 1)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity Owner Trustee, on behalf of the Trust, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a co-trustee or trusteesseparate trustee, in which case title shall be deemed to be vested in the Owner Trustee, a such co-trustee and/or a separate trustee, as the case may be.
Appears in 2 contracts
Samples: Trust Agreement (Advanta Business Recievables Corp), Trust Agreement (Advanta Business Recievables Corp)
Title to Trust Property. Legal title to all of the Owner Trust Estate shall be vested at all times in the Trust Issuer as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner 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; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Issuer.
Appears in 2 contracts
Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Chase Education Loan Trust 2007-A)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 2 contracts
Samples: Trust Agreement (Provident Lease Receivables Corp), Trust Agreement (Provident Lease Receivables Corp)
Title to Trust Property. Legal (a) Subject to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 cothe Co-trustee Owner Trustee and/or a separate trustee, as the case may be.
Appears in 2 contracts
Samples: Trust Agreement (Mego Financial Corp), Trust Agreement (Mego Mortgage Corp)
Title to Trust Property. Legal title to all the entirety of ----------------------- the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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 2 contracts
Samples: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC)
Title to Trust Property. Legal title to all the Owner Trust ----------------------- Estate 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 Owner 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 2 contracts
Samples: Trust Agreement (Household Credit Card Master Note Trust I), Trust Agreement (Household Credit Card Master Note Trust I)
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity Owner Trustee, on behalf of the Trust, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a co-trustee or trusteesa separate trustee, 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 2 contracts
Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)
Title to Trust Property. (a) Legal title to all of the Owner Trust Estate 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 Owner 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 1 contract
Samples: Trust Agreement (Advanta Mortgage Conduit Services Inc)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets to be vested in a trustee or trustees, in which case legal title shall be deemed to be vested in the Owner Trustee (subject to the Owner Trustee’s prior written consent), a co-trustee and/or a separate trustee, as the case may be.
Appears in 1 contract
Title to Trust Property. Legal title to all the Owner Trust ----------------------- Estate 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 Owner 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, for the benefit of the Trust.
Appears in 1 contract
Title to Trust Property. Legal Subject to the Indenture, legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity except where applicable law entity. In no event shall title to the Trust Estate be placed in any jurisdiction requires the name of the Owner Trustee. The Certificateholder shall not have legal title to any part of the Owner 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 beEstate.
Appears in 1 contract
Samples: Trust Agreement
Title to Trust Property. Legal title to all of the Owner Trust Estate ----------------------- 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 1 contract
Samples: Trust Agreement (SLM Funding Corp)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 cotrustee and/or a separate trustee, as the case may be.
Appears in 1 contract
Samples: Trust Agreement (Residential Funding Mortgage Securities Ii Inc)
Title to Trust Property. Legal title to all of the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or (Nissan 2003-A Amended & Restated Trust Agreement) 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 1 contract
Samples: Trust Agreement (Nissan Auto Receivables 2003-a Owner Trust)
Title to Trust Property. Legal Except with respect to the Assets, which will be assigned of record to the Indenture Trustee pursuant to the Indenture, legal title to all the Owner Trust Estate 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 Owner 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 1 contract
Samples: Trust Agreement (Origen Residential Securities, Inc.)
Title to Trust Property. Legal title to all the Owner Lease Trust Estate shall be vested at all times in the Trust as a separate legal entity Lease Trust, except where applicable law in any jurisdiction requires title to any part of the Owner Lease Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Lease Trustee, a co-trustee and/or or a separate trustee, as the case may be.
Appears in 1 contract
Samples: Lease Trust Agreement (Fcal LLC)
Title to Trust Property. Legal title to all of the Owner Trust Estate shall be vested at all times in the Owner Trust as a separate legal entity until this Agreement terminates pursuant to Article VIII, except where applicable law in any jurisdiction requires title to any part of the Owner 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 beSection 1.
Appears in 1 contract
Samples: Trust Agreement (First Usa Credit Card Master Trust)
Title to Trust Property. Legal title to all the Owner Trust Estate Assets 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 Owner Trust Estate Assets 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 1 contract
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; PROVIDED that legal title to the Financed Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Usa Group Secondary Market Services Inc)
Title to Trust Property. Legal title to all the Owner Trust Estate 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 Owner 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 bebe pursuant to this Agreement.
Appears in 1 contract
Samples: Trust Agreement (Mru Abs Ii LLC)
Title to Trust Property. Legal title to all of the Owner ----------------------- Trust Estate 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Eligible Lender Trustee, a co-trustee and/or a separate trustee, as the case may be; provided that legal title to the Trust Student Loans shall be vested at all times in the Eligible Lender Trustee on behalf of the Trust.
Appears in 1 contract
Samples: Trust Agreement (SLM Funding Corp)
Title to Trust Property. (a) Legal title to all the Owner Trust Estate shall will 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 Owner Trust Estate to be vested in a trustee or trustees, in which case title shall will be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.may
Appears in 1 contract
Samples: Trust Agreement (Triad Financial Special Purpose LLC)
Title to Trust Property. Legal title to all of the Owner Trust ----------------------- Estate 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 Owner Trust Estate to be vested in a trustee trustee, trustees or trusteesa nominee's name, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or trustee, a separate trusteetrustee or Newco as nominee, for the Trust, as the case may be.
Appears in 1 contract
Title to Trust Property. Legal title to all the Owner ----------------------- Trust Estate shall be vested at all times in the Trust as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner 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 trusteeother trustees, as the case may be.
Appears in 1 contract
Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation)
Title to Trust Property. Legal title to all the Owner Trust ----------------------- Estate shall be vested at all times in the Trust Issuer as a separate legal entity entity, except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trusteestrustee, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or or a separate trustee, as the case may be.
Appears in 1 contract
Title to Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity except where applicable Trust Agreement law in any jurisdiction requires title to any part of the Owner 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 1 contract
