Title Vested in Trust. Legal title to the Trust Property will be vested in the Trust as a separate legal entity, except where applicable Law in a jurisdiction requires title to the Trust Property to be vested in a trustee or trustees, in which case title shall be vested in the Owner Trustee, on behalf of the Trust, a co-trustee and/or a separate trustee appointed under this Agreement.
Appears in 4 contracts
Samples: Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)