Title to Trust Property. Legal title to the Trust Property will be vested in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title 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 66 contracts
Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B)
Title to Trust Property. Legal title to the Trust Property will shall be vested at all times in the Issuer as a separate legal entity, entity except where applicable law Applicable Law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title will 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, however, that legal title many not be vested in the name of the Owner Trustee without the prior written consent of the Owner Trustee.
Appears in 7 contracts
Samples: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Auto Receivables Trust 2018-1), Trust Agreement (California Republic Auto Receivables Trust 2018-1)
Title to Trust Property. Legal title to the Trust Property will shall be vested at all times in the Issuer as a separate legal entity, entity except where applicable law Applicable Law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title will 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 (California Republic Auto Receivables Trust 2016-1), Trust Agreement (California Republic Auto Receivables Trust 2016-1), Trust Agreement (California Republic Funding LLC)
Title to Trust Property. Legal title to the Trust Property will be vested in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title will be deemed to be vested in the Owner Trustee, a co-trustee co-trustee and/or a separate trustee, as the case may be.
Appears in 3 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2007-B), Trust Agreement (Ford Credit Auto Owner Trust 2007-A), Trust Agreement (Ford Credit Auto Owner Trust 2008-A)
Title to Trust Property. Legal title to the all Trust Property Assets will be vested at all times in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Property Assets to be vested in a trustee or trustees, in which case title 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 2 contracts
Samples: Trust Agreement (Nissan Wholesale Receivables Corp Ii), Trust Agreement (Nissan Wholesale Receivables Corp Ii)
Title to Trust Property. Legal title to the Trust Property will be vested in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title 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 2 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2006-C), Trust Agreement (Ford Credit Auto Owner Trust 2006-B)
Title to Trust Property. Legal title to the Trust Property will Estate ----------------------- shall be vested at all times in the Issuer as a separate legal entity, entity except where applicable law in any jurisdiction requires title to any part of the Trust Property Estate to be vested in a trustee or trustees, in which case title will 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 the Trust Property will shall be vested at all times in the Issuer as a separate legal entity, entity except where applicable law Applicable Law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title will shall be deemed to be vested in the Owner Trustee, a co-co- trustee and/or or a separate trustee, as the case may be; provided, however, that legal title many not be vested in the name of the Owner Trustee without the prior written consent of the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement
Title to Trust Property. Legal title to the all Trust Property will be vested at all times in the Issuer as a separate legal entity, except where applicable law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title 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 1 contract
Samples: Master Trust Agreement (GMF Floorplan Owner Revolving Trust)
