Common use of Title to Trust Property Clause in Contracts

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement.

Appears in 191 contracts

Samples: Trust Agreement (Paragon Commercial CORP), Trust Agreement (Entegra Financial Corp.), Trust Agreement (Wilshire Bancorp Inc)

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Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 174 contracts

Samples: Trust Agreement (Cna Financial Corp), Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.

Appears in 102 contracts

Samples: Trust Agreement (Goldman Sachs Group Inc), Trust Agreement (Goldman Sachs Group Inc), Declaration of Trust (BEE Financing Trust III)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.

Appears in 101 contracts

Samples: Trust Agreement, Trust Agreement (Goldman Sachs Capital III), Trust Agreement (KeyCorp Capital VIII)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement.

Appears in 20 contracts

Samples: Trust Agreement (Schwab Charles Corp), Trust Agreement (Schwab Capital Trust Ii), Trust Agreement (Metrocorp Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee Issuer Trust and shall be held and administered by the Property Trustee (in trust its capacity as such) for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.

Appears in 15 contracts

Samples: Trust Agreement (M&t Bank Corp), Trust Agreement (S&t Bancorp Inc), Trust Agreement (S&t Bancorp Inc)

Title to Trust Property. (a) Legal Subject to the terms and provisions of the Collateral Agreement, legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such), on behalf of the Issuer Trust, and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 6 contracts

Samples: Trust Agreement (Huntington Bancshares Inc/Md), Trust Agreement (Wells Fargo Capital XVIII), Trust Agreement (Mellon Financial Corp)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee Trust and shall be held and administered by the Property Trustee in trust Regular Trustees for the benefit of the Trust and the Holders Shareholders in accordance with this Agreement. No Shareholder shall have legal title to any part of the Trust AgreementProperty, but shall have an undivided beneficial interest in the Trust Property.

Appears in 5 contracts

Samples: Trust Agreement (Compass Group Diversified Holdings LLC), Trust Agreement (Compass Group Diversified Holdings LLC), Fourth Amendment (Compass Diversified Holdings)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Securityholders and the Holders Trust in accordance with this Trust Agreement.. The right, title and interest of the Property Trustee to the Subordinated

Appears in 4 contracts

Samples: Trust Agreement (Semco Capital Trust Iii), Trust Agreement (Semco Capital Trust), Trust Agreement (Semco Capital Trust Iii)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust AgreementDeclaration of Trust.

Appears in 4 contracts

Samples: Highlands Capital Trust I, Guaranty Capital Trust I, Southern Financial Capital Trust I

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement. The Securityholders shall be the sole beneficial owners of the Trust Property.

Appears in 4 contracts

Samples: Trust Agreement (Teco Energy Inc), Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Capital Trust Iii)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.. 21 16

Appears in 4 contracts

Samples: Trust Agreement (Chase Capital Ix), Trust Agreement (Chase Capital Iii), Trust Agreement (Chase Capital Vi)

Title to Trust Property. (a) Legal Subject to the Indenture, legal title to all the Trust Property Estate shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee Owner Trustee, in trust its capacity as trustee for the benefit 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 and the Holders in accordance with this Trust Agreementas a separate legal entity.

Appears in 4 contracts

Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1), Trust Agreement (Merrill Auto Trust Securitization 2005-1), Trust Agreement (Ml Asset Backed Corp)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement, subject to the terms and provisions of the Collateral Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Us Bancorp \De\), Amended and Restated Trust Agreement (USB Capital IX), Trust Agreement (Wachovia Capital Trust Iii)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee Trust and shall be held and administered by the Property Regular Trustee in trust for the benefit of the Trust and the Holders Shareholders in accordance with this Agreement. Each Shareholder shall not have legal title to any part of the Trust AgreementProperty, but shall have an undivided beneficial interest in the Sponsor Shares owned by the Trust.

Appears in 3 contracts

Samples: Trust Agreement (Macquarie Infrastructure CO LLC), Trust Agreement (Macquarie Infrastructure CO Trust), Trust Agreement (Macquarie Infrastructure CO Trust)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the name of the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 3 contracts

Samples: Agreement (Trenwick America Capital Trust Iii), Agreement (Trenwick America Capital Trust Iii), Agreement (Trenwick America Capital Trust Iii)

Title to Trust Property. (a) Legal title to all Trust Property ----------------------- shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Ctbi Preferred Capital Trust Ii)

Title to Trust Property. (a) Legal Subject to the terms and provisions of the Collateral Agreement, legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such), on behalf of the Issuer Trust, and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders Securityholders in accordance with this Trust Agreement.. Trust Agreement

Appears in 3 contracts

Samples: Trust Agreement (National City Corp), Trust Agreement (National City Corp), Trust Agreement (National City Corp)

Title to Trust Property. (a) Legal title to all Trust Property ----------------------- shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (DPL Inc), Trust Agreement (PMC Capital I), Trust Agreement (DPL Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Security holders in accordance with this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Spectrum Capital Trust I), Trust Agreement (Spectrum Capital Trust Ii), Trust Agreement (Fw Capital I)

Title to Trust Property. (a) Legal title to all the Trust Property Estate shall be vested at all times in the Property Owner Trustee and shall be held and administered by the Property Trustee in trust for the benefit on behalf of the Trust and (subject to the Holders in accordance with this Trust AgreementLien created by the Indenture).

Appears in 3 contracts

Samples: Trust Agreement (Regions Auto Receivables Trust 2002-1), Trust Agreement (Regions Auto Receivables Trust 2003-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Montana Power Capital I), Trust Agreement (Montana Power Co /Mt/)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (GE Capital Trust I), Trust Agreement (Visteon Corp)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Pennsylvania Power & Light Co /Pa), Trust Agreement (Pennsylvania Power & Light Co /Pa)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement.and

Appears in 2 contracts

Samples: Trust Agreement (Mony Group Inc), Trust Agreement (Mony Group Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee Trust and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Providian Financial Corp), Trust Agreement (Pmi Group Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust AgreementDeclaration of Trust.

Appears in 2 contracts

Samples: Expenses and Liabilities (Privatebancorp, Inc), Expenses and Liabilities (Privatebancorp, Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the xxxxx xx xxx Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (American Electric Power Co Inc), Trust Agreement (Aep Capital Trust Iii)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with and as limited by this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (State Street Corp), Trust Agreement (State Street Capital Trust V)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust AgreementDeclaration.

Appears in 2 contracts

Samples: Trust Agreement (Public Service Enterprise Group Inc), Trust Agreement (Public Service Electric & Gas Co)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee (in trust its capacity as such) for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (American Safety Insurance Group LTD), Trust Agreement (Sman Capital Trust 1)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust AgreementDeclaration of Trust. Each Securityholder shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial interest in the assets of the Trust.

Appears in 2 contracts

Samples: Boise Cascade Corp, Boise Cascade Trust Iii

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement. The Holders shall not have legal title to any part of the Trust Property, but shall have an undivided beneficial interest in the Trust Property.

Appears in 1 contract

Samples: Agreement (Aig Capital Trust I)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.. 21 15

Appears in 1 contract

Samples: Trust Agreement (Chase Manhattan Corp /De/)

Title to Trust Property. (a) Legal title to all Trust ----------------------- Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust AgreementDeclaration of Trust.

Appears in 1 contract

Samples: Commonwealth Bankshares Inc

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Securityholders and the Holders Trust in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Cleveland Electric Financing Trust I)

Title to Trust Property. (a) Legal Subject to the terms and provisions of the Collateral Agreement, legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such), on behalf of the Issuer Trust, and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders Securityholders in accordance with and as limited by this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (State Street Corp)

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Title to Trust Property. (a) Legal Subject to the terms and provisions of the collateral agreement, legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such), on behalf of the Issuer Trust, and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Mellon Financial Corp)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Distribution Trust, the U.K. Company, the ANZ Australian Affiliate and the Holders Depositor in accordance with this Distribution Trust Agreement.

Appears in 1 contract

Samples: Distribution Trust Agreement (Anz Exchangeable Preferred Trust)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement. Each Securityholder shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial interest in the assets of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Big Flower Holdings Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Distribution Trust, the U.K. Company, the ANZ Australian Affiliate and the Holders holders of the Common Securities in accordance with this Distribution Trust Agreement.

Appears in 1 contract

Samples: Distribution Trust Agreement (Def Exchangeable Preferred Trust)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement. ARTICLE III PAYMENT ACCOUNT Section 3.01.

Appears in 1 contract

Samples: Trust Agreement (Pacific Gas & Electric Co)

Title to Trust Property. (a) Legal title to all Trust Property ----------------------- shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust AgreementDeclaration of Trust.

Appears in 1 contract

Samples: Commonwealth Bankshares Inc

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement.. 5093318 04310929

Appears in 1 contract

Samples: Trust Agreement (Bimini Capital Management, Inc.)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.. 227

Appears in 1 contract

Samples: Trust Agreement (Sce&g Trust I)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.. 230

Appears in 1 contract

Samples: Trust Agreement (Scana Corp)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreement. The Holders shall be the sole beneficial owners of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Teco Energy Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Distribution Trust, the U.K. Company and the Holders Depositor in accordance with this Distribution Trust Agreement.

Appears in 1 contract

Samples: Distribution Trust Agreement (Nab Exchangeable Preferred Trust)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the axx xxxxx xx xxe Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Southwestern Electric Power Co)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust AgreementDeclaration.

Appears in 1 contract

Samples: Agreement (Provident Companies Inc /De/)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust Success Capital and the Holders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Success Bancshares Inc)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the the Property Trustee and shall the Holder of a majority of Common Securities determines in its discretion to be held and administered by necessary or desirable for such purposes, as long as such action does not adversely affect in any material respect the Property Trustee in trust for the benefit interests of the Trust and Holders of the Holders in accordance with this Trust AgreementCapital Securities.

Appears in 1 contract

Samples: Trust Agreement (Keycorp Institutional Capital A)

Title to Trust Property. (a) Legal title to all Trust ----------------------- Property shall be vested at all times in the Property Trustee Issuer Trust and shall be held and administered by the Property Trustee (in trust its capacity as such) for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Allegiant Capital Trust Ii)

Title to Trust Property. (a) Legal title to all Trust ------------------------ Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement. The Securityholders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial interest in the assets of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Alcoa Trust I)

Title to Trust Property. (a) Legal title to all Trust ----------------------- Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Rouse Company)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.. PAYMENT ACCOUNT

Appears in 1 contract

Samples: Trust Agreement (AmerUs Capital V)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Issuer Trust and the Holders in accordance with this Trust Agreement.. 217

Appears in 1 contract

Samples: Trust Agreement (South Carolina Electric & Gas Co)

Title to Trust Property. (a) Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.. PAYMENT ACCOUNT

Appears in 1 contract

Samples: Trust Agreement (Mbna Corp)

Title to Trust Property. (a) Legal title to all Trust ------------------------ Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (SJG Capital Trust)

Title to Trust Property. (a) Legal title to all Trust Property ----------------------- shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Trust and the Holders Securityholders in accordance with this Trust Agreement. Each Securityholder shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial interest in the assets of the Trust.

Appears in 1 contract

Samples: Trust Agreement (United Rentals Inc /De)

Title to Trust Property. (a) Legal Subject to the Indenture, legal title to all the Owner Trust Property Estate shall be vested at all times in the Property Trustee and shall be held and administered by Owner Trustee, a co-owner trustee and/or a separate trustee, as the Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Trust Agreementcase may be.

Appears in 1 contract

Samples: Trust Agreement (Compass Asset Acceptance Co)

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