Owner Trust Estate definition

Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

Owner Trust Estate has the meaning assigned to such term in the Trust Agreement.

Owner Trust Estate. All right, title and interest of the Issuing Entity in and to the property and rights assigned to the Issuing Entity pursuant to Article II of the Trust Sale Agreement, all funds on deposit from time to time in the Collection Account and all other property of the Issuing Entity from time to time, including any rights of the Owner Trustee and the Issuing Entity pursuant to the Trust Sale Agreement and the Administration Agreement.

Examples of Owner Trust Estate in a sentence

• The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Estate that result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.

• No transfer, by operation of law or otherwise, of any right, title, and interest of the Beneficiary to and in its Beneficial 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 Estate.

• Any amounts paid to the Owner Trustee pursuant to this Article VII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

• Legal title to all of the Owner Trust Estate shall be vested at all times in the Owner Trust as a separate legal entity until this Agreement terminates pursuant to Article VIII, 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 of a trust, in which case title to that part of the Owner Trust Estate shall be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.

• The Beneficiary shall not have legal title to any part of the Owner Trust Estate.

More Definitions of Owner Trust Estate

Owner Trust Estate shall have the meaning specified in the Trust Agreement.

Owner Trust Estate. 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 Estate means the Grant of the Collateral to the Indenture Trustee under this Indenture, including all proceeds thereof.

Owner Trust Estate means all right, title and interest of the Securitization Trust in and to the property and rights transferred to the Securitization Trust pursuant to the 2017-3 Exchange Note Transfer Agreement and all other property of the Securitization Trust from time to time, including any rights of the Owner Trustee and the Securitization Trust pursuant to the 2017-3 Servicing Agreement, the 2017-3 Exchange Note Supplement and the Administration Agreement.

Owner Trust Estate means the Trust Estate, including the contribution of $1,000 referred to in Section 2.05 hereof.

Owner Trust Estate means the property of the Issuing Entity, including (i) the 2016-A SUBI Certificate, evidencing a 100% beneficial interest in the 2016-A SUBI Assets, including the right to payments thereunder after the Cutoff Date from certain amounts in respect of the 2016-A Leases and received from the sale or other disposition of the 2016-A Vehicles, including the rights of the Issuing Entity to the funds on deposit from time to time in the 2016-A SUBI Collection Account (but excluding amounts retained by the Servicer in the form of Liquidation Expenses, Disposition Expenses, Insurance Expenses, and other related expenses incurred by the Servicer not otherwise included in Liquidation Expenses, Disposition Expenses or Insurance Expenses and permitted to be retained by the Servicer under the Basic Documents), and investment earnings, net of losses and investment expenses, on amounts on deposit in the 2016-A SUBI Collection Account, (ii) the rights of the Issuing Entity to the funds on deposit from time to time in the Reserve Account and any amounts deposited therein, including investment earnings, net of losses and investment expenses, on amounts on deposit therein, (iii) the rights of the Issuing Entity to the funds on deposit from time to time in the Note Distribution Account and any other account or accounts established pursuant to the Indenture and all cash, investment property and other property from time to time deposited therein or credited thereto and all proceeds thereof, (iv) the rights of the Depositor, as transferee, under the SUBI Certificate Transfer Agreement, (v) the rights of the Issuing Entity, as transferee, under the Trust SUBI Certificate Transfer Agreement, (vi) the rights of the Issuing Entity as a third-party beneficiary of the Servicing Agreement, to the extent relating to the 2016-A SUBI Assets, including rights to certain Advances, and the SUBI Trust Agreement, and (vii) all proceeds, accounts, money, general intangibles, instruments, chattel paper, goods, investment property, securities, deposit accounts and other property consisting of, arising from or relating to the foregoing.

Owner Trust Estate means all right, title and interest of the Issuer in and to the property and rights assigned to the Issuer pursuant to Article II of this Agreement, all funds on deposit from time to time in the Trust Accounts (other than the Note Distribution Account) and the Certificate Distribution Account and all other property of Issuer from time to time, including any rights of the Owner Trustee and the Issuer pursuant to this Agreement.