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

No Legal Title to Trust Estate in Certificateholder. The holder of the Trust Certificate shall not have legal title to any part of the Trust Estate. The holder of the Trust Certificate shall be entitled to receive distributions with respect to its beneficial ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title, or interest of the holder of the Trust Certificate to and in their beneficial ownership interest in the Trust Estate shall operate to terminate this Trust 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 Trust Estate.