Common use of Trust Estate Clause in Contracts

Trust Estate. The Trust Estate shall consist of: 9.1 The funds and property presently under the control of the Directors or to be acquired or constructed by Directors and dedicated by the trustor and others to be used for Trust purposes. 9.2 Any and all leasehold rights demised to the Directors by any Beneficiary as authorized and empowered by law. 9.3 Any and all money, property, real, personal or mixed, rights, choses in action, contracts, leases, privileges, immunities, franchises, benefits, and all other things of value coming into the possession of the Directors pursuant to the provisions of this Trust Indenture. 9.4 The instruments executed for each project, and each issuance of Directors’ bonds and other indebtedness, shall set out the specific property of the Trust Estate exclusively pledged and mortgaged for the payment of such indebtedness.

Trust Estate. The Trust Estate shall consist of: 9.1 The funds and property presently under in the control hands of the Directors or to be acquired or constructed by Directors and dedicated by the trustor and others to be used for Trust purposes. 9.2 Any and all leasehold rights demised to the Directors by any Beneficiary as authorized and empowered by law. 9.3 Any and all money, property, real, personal or mixed, rights, choses in action, contracts, leases, privileges, immunities, franchises, benefits, and all other things of value coming into the possession of the Directors pursuant to the provisions of this Trust Indenture. 9.4 The instruments executed for each project, and each issuance of Directors’ bonds and other indebtedness, shall set out the specific property of the Trust Estate exclusively pledged and mortgaged for the payment of such indebtedness.