Examples of Owner Trust in a sentence

It is the intention of the parties hereto that, for income and franchise tax purposes, the Owner Trust shall be treated as a security device and disregarded as an entity and its assets shall be treated as owned in whole by the Transferor.
In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions required of the Owner Trust pursuant to the Transaction Documents.
The Owner Trust shall dissolve upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the Statutory Trust Act.
The Owner Trust will be located and administered in the State of Delaware.
Any money or other property held as part of the Owner Trust Estate following such distribution shall be distributed to the Beneficiary.

More Definitions of Owner Trust

Owner Trust means Bank of Utah, not in its individual capacity but solely as owner trustee under the Trust Agreement N731BP dated July 26, 2016.

Owner Trust means the Delaware statutory trust created by this Agreement and the filing of the Certificate of Trust.

Owner Trust. The corpus of the Issuer created by the Trust Agreement which consists of items referred to in Section 3.01 of the Trust Agreement.

Owner Trust means the Owner Lessor.

Owner Trust means an owner trust, reasonably satisfactory to the Administrative Agent, (i) that is the legal owner of an Aircraft and (ii) all of the beneficial interest in which is owned by an Owner Participant pursuant to an Owner Trust Agreement.

Owner Trust means any trust holding title to any aircraft, 100% of the beneficial ownership of which trust is held by Borrower or any Guarantor.

Owner Trust means an owner trust created under a Trust Agreement.