Common use of No Legal Title to Owner Trust Estate in Certificateholder Clause in Contracts

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 118 contracts

Samples: Trust Agreement (Efcar, LLC), Trust Agreement (AFS SenSub Corp.), Trust Agreement (AmeriCredit Automobile Receivables Trust 2015-1)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 62 contracts

Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2021-4), Trust Agreement (AmeriCredit Automobile Receivables Trust 2019-1), Trust Agreement (AFS SenSub Corp.)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of specific property in the Owner Trust Estate . The Certificateholder shall be entitled to receive distributions in accordance with Article VIII . No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of specific property in the Owner Trust Estate.

Appears in 25 contracts

Samples: Trust Agreement (Chase Manhattan Bank Usa), Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Credit Card Owner Trust 2004-2)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII the Sale and Servicing Agreement. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 5 contracts

Samples: Trust Agreement (Long Beach Acceptance Receivables Corp.), Trust Agreement (Long Beach Acceptance Corp), Trust Agreement (Long Beach Acceptance Corp)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate . The Certificateholder shall be entitled to receive distributions in accordance with Article VIII . No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 4 contracts

Samples: Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII this Agreement and the Sale and Servicing Agreement. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 4 contracts

Samples: Trust Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Trust Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B), Trust Agreement (Long Beach Acceptance Corp)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article ARTICLE VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 4 contracts

Samples: Trust Agreement (UPFC Auto Receivables Trust 2007-B), Trust Agreement (UPFC Auto Receivables Trust 2006-B), Trust Agreement (UPFC Auto Receivables Trust 2007-A)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall will not have legal title to any part of the Owner Trust Estate. The Certificateholder shall will be entitled to receive distributions in accordance with Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall will operate to terminate this Agreement or the trust 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.

Appears in 3 contracts

Samples: Trust Agreement (Triad Automobile Receivables Trust 2003-B), Trust Agreement (Triad Automobile Receivables Trust 2002 A), Trust Agreement (Triad Automobile Receivables Trust 2004-A)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article Articles VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 2 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall will not have legal title to any part of the Owner Trust Estate. The Certificateholder shall will be entitled to receive distributions in accordance with the Sale and Servicing Agreement and Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall will operate to terminate this Agreement or the trust 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.

Appears in 1 contract

Samples: Trust Agreement (Bond Securitization LLC)

No Legal Title to Owner Trust Estate in Certificateholder. [s] The Certificateholder Certificateholder[s] shall not have legal title to any part of the Owner Trust Estate. The Certificateholder Certificateholder[s] shall be entitled to receive distributions in accordance with Article VIII VIII and Article XI. No transfer, by operation of law or otherwise, of any right, title or interest of the [the]/[any] Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 1 contract

Samples: Trust Agreement (Afs Sensub Corp.)

No Legal Title to Owner Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of the Owner Trust Estate . The Certificateholder shall be entitled to receive distributions in accordance with Article VIII . No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust 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.

Appears in 1 contract

Samples: Trust Agreement (MFN Financial Corp)