Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5 and until the initial issuance of the Trust Certificates, the Depositor shall be the sole beneficial owner of the Trust.
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Samples: Trust Agreement (Transworld Insurance Co), Trust Agreement (PNC Bank National Association/)
Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor Depositors pursuant to Section 2.5 and until the initial issuance of the Trust Certificates, the Depositor Depositors shall be the sole beneficial owner owners of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Classnotes Inc)
Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5 2.05 and until the initial issuance of the Trust Certificates, the Depositor shall be the sole beneficial owner of the Trust.
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Initial Beneficial Ownership. Upon the formation of the Trust by and the contribution by the Depositor pursuant to Section 2.5 and until the initial issuance of the Trust Certificates, the Depositor shall be the sole beneficial owner of the Trust.
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