Owner Trusts definition

Owner Trusts means Owner Trust No. 1 and Owner Trust No. 2.

Owner Trusts means each common law trust or statutory trust, the beneficial interest in which is held by a Borrower Group Company, which shall be the common law trusts or the statutory trusts (including any lessee trust) listed on Schedule 5, as the same may be amended, supplemented, replaced or otherwise modified from time to time.

Owner Trusts. The unxxxxxxxxx xxreby acknowledges and consents to the terms of this Servicing Transfer Agreement and, subject to and upon the Effective Date with respect to each Owner Trust Transaction and CIBC Transaction, respectively, hereby appoints SST as Successor Servicer with respect to such Transaction.

Examples of Owner Trusts in a sentence

• The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Owner Trust set forth in Section 2.03 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Owner Trust's becoming taxable as a corporation for federal income tax purposes.

• FINOVA is the Owner Participant pursuant to Participation Agreements dated as of July 29, 1998 and as of October 19, 1998 and related Owner Trusts (collectively, the OP Agreements”) relating to the ownership and leveraged leases (the “Leases”) to Atlas of B747-400F aircraft N491 and N493 (the “Aircraft”), respectively.

• Appropriate implementation support mechanisms will be developed as part of detailed project preparation.

• Ley No. 183-02, 21 Noviembre 2002, Que Aprueba La Ley Monetaria y Financiera [Ley No. 183-02] sección 5, tit.

• The Registration Statement contains a prospectus and related prospectus supplement (the “Prospectus”) pertaining to offerings by the Company of Notes issued by Owner Trusts (as defined below).

• Nothing in this Pass-Through Trust Agreement or in the Certificates, express or implied, shall give to any person, other than the Company, the Pass-Through Trustee, the Owner Trusts, the Owner Participants and the Lease Indenture Trustees, and their respective successors, and the Holders of Certificates, any benefit or any legal or equitable right, remedy or claim under this Pass-Through Trust Agreement.

• On the Closing Date, all Tax Sharing Agreements between (i) the Asset Owning Entities and Owner Trusts, on the one hand; and (ii) Seller or any of its Affiliates (other than the Asset Owning Entities and Owner Trusts), on the other hand, shall be terminated effective as of the close of the Closing Date and have no further effect for any taxable year or period (whether a past, present or future year or period), and no additional payments shall be made thereunder.

• The Adviser and the Manager acknowledge that the Adviser is not the compliance agent for the Portfolio or for the Manager, and does not have access to all of the Portfolio’s books and records necessary to perform certain compliance testing.

• None of the Company, the Owner Trusts, the Registrar, the Paying Agent or the Pass-Through Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such registration instructions.

• For Tax reporting purposes, the Purchase Price (as adjusted for any liabilities assumed by Buyer) shall be allocated by Seller and Buyer among the assets owned by the Asset Owning Entities and the Owner Trusts interests in which are transferred to Buyer hereunder and the Additional Assets that are transferred to Buyer hereunder, solely in a manner consistent Section 1060 of the Code and the regulations thereunder.

More Definitions of Owner Trusts

Owner Trusts means (i) Xxxxxx Trust, a Delaware statutory trust, (ii) Hunterstown Trust, a Delaware statutory trust, and (iii) Choctaw County Trust, a Delaware statutory trust.