Common use of Title to Trust Property Clause in Contracts

Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 108 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2021-3), Trust Agreement (AmeriCredit Automobile Receivables Trust 2021-3), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2021-4)

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Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XIVIII. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 80 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Trust Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Trust Agreement (Americredit Automobile Receivables Trust 2012-2)

Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 34 contracts

Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)

Title to Trust Property. (a) 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. (b) The Holder Certificateholders shall not have legal title to any part of the Owner Trust PropertyEstate. The Holder Certificateholders shall be entitled to receive distributions with respect to its their undivided ownership interest Percentage Interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust PropertyEstate.

Appears in 14 contracts

Samples: Trust Agreement (Franklin Auto Trust 2003-2), Trust Agreement (Franklin Auto Trust 2006-1), Trust Agreement (Franklin Auto Trust 2004-2)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIthe Basic Documents. No transfer, by operation of law or otherwise, of any right, title or interest by the any Residual Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 8 contracts

Samples: Trust Agreement (GreenPoint Home Equity Loan Trust 2004-3), Trust Agreement (Greenpoint Mortgage Securities LLC), Trust Agreement (Greenpoint Mortgage Securities LLC)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 7 contracts

Samples: Trust Agreement (National Financial Auto Funding Trust), Trust Agreement (Advanta Automobile Receivables Trust 1997-1), Trust Agreement (Ml Asset Backed Corp)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Owner Trust PropertyEstate. The Holder Holders shall be entitled to receive distributions with in respect to its of their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust PropertyEstate.

Appears in 5 contracts

Samples: Trust Agreement (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc)

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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 5 contracts

Samples: Trust Agreement (Advanta Revolving Home Equity Loan Trust 1999-A), Trust Agreement (Advanta Mortgage Conduit Services Inc), Trust Agreement (Advanta Revolving Home Equity Loan Trust 1998-A)

Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XIARTICLE VIII. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 4 contracts

Samples: Trust Agreement (UPFC Auto Receivables Trust 2007-A), Trust Agreement (UPFC Auto Receivables Trust 2007-B), Trust Agreement (UPFC Auto Receivables Trust 2006-B)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 3 contracts

Samples: Trust Agreement (Greenpoint Home Equity Loan Trust 1999 2), Trust Agreement (Headlands Mortgage Securities Inc), Trust Agreement (Headlands Mortgage Securities Inc)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Residual Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 3 contracts

Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)

Title to Trust Property. (a) 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. (b) The Holder Owners shall not have legal title to any part of the Trust Property. The Holder Owners shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate Property shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 3 contracts

Samples: Trust Agreement (Olympic Receivables Finance Corp), Trust Agreement (Green Tree Financial Corp), Trust Agreement (Olympic Receivables Finance Corp)

Title to Trust Property. (a) 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. (b) The Holder Holder[s] shall not have legal title to any part of the Trust Property. The Holder Holder[s] shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest by the [the]/[any] Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 2 contracts

Samples: Trust Agreement (Afs Sensub Corp.), Trust Agreement (Afs Sensub Corp.)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 2 contracts

Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)

Title to Trust Property. (a) 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.. Back to Contents (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XIVIII. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 2 contracts

Samples: Trust Agreement (Americredit Automobile Receivable Trust 2005-D-A), Trust Agreement (Americredit Automobile Receivables Trust 2004-a-F)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Owner Trust PropertyEstate. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIthe Basic Documents. No transfer, by operation of law or otherwise, of any right, title or interest by the any Residual Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust PropertyEstate.

Appears in 2 contracts

Samples: Deposit Trust Agreement (Sequoia Residential Funding Inc), Trust Agreement (Sequoia HELOC Trust 2004-1)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Residual Certificateholder or any Holder of any Class A-1 Certificate of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 2 contracts

Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)

Title to Trust Property. (a) Legal title to all of the Owner Trust Estate shall be vested at all times in the Trust C 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. (b) The Holder Certificateholders shall not have legal title to any part of the Trust Property. The Holder Certificateholders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Title to Trust Property. (a) 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. (b) The Holder Holder[s] shall not have legal title to any part of the Trust Property. The Holder Holder[s] shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest by the [the]/[any] Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Afs Sensub Corp.)

Title to Trust Property. (a) 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. (ba) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Americredit Financial Services Inc)

Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII IX and Article XISection 5.7 of the Sale and Servicing Agreement. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (National Auto Finance Co Inc)

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Title to Trust Property. (a) Legal title to all the Owner 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 an owner trustee or owner trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee Trustee and/or a separate owner trustee, as the case may be. (b) The Holder Beneficial Owners shall not have legal title to any part of the Trust Property. The Holder Beneficial Owners shall be entitled to receive distributions with respect to its their undivided ownership interest therein in the Trust only in accordance with Article VIII and Article XIV hereof. No transfer, by operation of law or otherwise, of any right, title or interest by of the Certificateholder of its Beneficial Owners in and to their ownership interest in the Owner Trust Estate Property shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement

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. (b) The Holder Certificateholders shall not have legal title to any part of the Trust Property. The Holder Certificateholders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Advanta Conduit Receivables Inc)

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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Section 3.12 and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (J P Morgan Acceptance Corp I)

Title to Trust Property. (a) 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 required 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its of their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or for the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Consumer Portfolio Services Inc)

Title to Trust Property. (a) Legal title to all of the Owner Trust Estate shall be vested at all times in the Trust B 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. (b) The Holder Certificateholders shall not have legal title to any part of the Trust Property. The Holder Certificateholders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Title to Trust Property. (a) 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. (ba) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XIVIII. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Americredit Financial Services Inc)

Title to Trust Property. (a) 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. (b) The Holder shall not have legal title to any part of the Trust Property. The Holder shall be entitled to receive distributions with respect to its undivided ownership interest therein only in accordance with Article VIII and Article XIVIII. No transfer, by operation of law or otherwise, of any right, title or interest by the Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Americredit Financial Services Inc)

Title to Trust Property. (a) Legal title to all of the Owner Trust Estate shall be vested at all times in the Trust A 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. (b) The Holder Certificateholders shall not have legal title to any part of the Trust Property. The Holder Certificateholders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its of their undivided ownership interest therein only in accordance with Article VIII and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Consumer Portfolio Services Inc)

Title to Trust Property. (a) Legal title to all the Owner 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 an owner trustee or owner trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee Trustee and/or a separate owner trustee, as the case may be. (b) The Certificate Holder shall not have legal title to any part of the Trust Property. The Certificate Holder shall be entitled to receive distributions with respect to their its undivided ownership interest therein in the Trust only in accordance with Article VIII and Article XIV hereof. No transfer, by operation of law or otherwise, of any right, title or interest by of the Certificateholder of its Certificate Holder in and to their ownership interest in the Owner Trust Estate Property shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement

Title to Trust Property. (a) 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. (b) The Holder Holders shall not have legal title to any part of the Trust Property. The Holder Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the of any Certificateholder of in or to its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Advanta Automobile Receivables 1998-1)

Title to Trust Property. (a) 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 an owner trustee or owner trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee Trustee and/or a separate owner trustee, as the case may be. (b) The Holder Certificate Holders shall not have legal title to any part of the Trust Property. The Holder Certificate Holders shall be entitled to receive distributions with respect to its their undivided ownership interest therein in the Trust only in accordance with Article VIII and Article XIV hereof. No transfer, by operation of law or otherwise, of any right, title or interest by of the Certificateholder of its Certificate Holders in and to their ownership interest in the Owner Trust Estate Property shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement

Title to Trust Property. (a) 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. (b) The Holder Owners shall not have legal title to any part of the Trust Property. The Holder Owners shall be entitled to receive distributions with respect to its their undivided ownership interest therein only in accordance with Article VIII Articles V and Article XIIX. No transfer, by operation of law or otherwise, of any right, title or interest by the any Certificateholder of its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts Trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Appears in 1 contract

Samples: Trust Agreement (Nationsfinancial Funding Corp)

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