Common use of Other Trusts Clause in Contracts

Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any other Supplement shall be held on such terms for such Beneficiary, in accordance with the entitlements described in Clause 3.1(e) (each an "Other Trust") and all Trust Property held on an Other Trust shall hereinafter be referred to as "Other Trust Property". The Undivided Bare Trust, the Ineligibles Bare Trust, the Deferred Consideration Bare Trust, the Segregated Bare Trusts, and any Other Trusts shall hereinafter be collectively referred to as the "Receivables Trust". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the Transaction Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 4.

Appears in 1 contract

Samples: investor.capitalone.com

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Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any other Supplement shall be held on such terms for such Beneficiary, in accordance with the entitlements described in Clause 3.1(e) (each an "Other TrustOTHER TRUST") and all Trust Property held on an Other Trust shall hereinafter be referred to as "Other Trust PropertyOTHER TRUST PROPERTY". The Undivided Bare Trust, the Ineligibles Bare Trust, the Deferred Consideration Bare Trust, the Segregated Bare Trusts, and any Other Trusts shall hereinafter be collectively referred to as the "Receivables TrustRECEIVABLES TRUST". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the Transaction Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 4.

Appears in 1 contract

Samples: Deed and Servicing Agreement (Turquoise Receivables Trustee LTD)

Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any other Trust Supplement shall be held on such terms for such Beneficiary, in accordance with the entitlements described in Clause 3.1(e) (Other Trusts) of this Deed (each an "Other Trust") and all Trust Property held on an Other Trust shall hereinafter be referred to as "Other Trust Property". The Undivided Bare Trust, the Ineligibles Ineligible Bare Trust, the Deferred Consideration Payment Bare Trust, the Segregated Bare Trusts, and any Other Trusts shall hereinafter be collectively referred to as the "Delamare Cards Receivables Trust". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the Transaction Relevant Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 44 (Trust Certificates, Trust Property Register and Additional Beneficiaries).

Appears in 1 contract

Samples: Receivables Trust Deed and Servicing Agreement

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Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any other Supplement shall be held on such terms for such Beneficiary, in accordance with the entitlements described in Clause 3.1(e4.1(e) (Other Trusts) of this Deed (each an "Other Trust") and all Trust Property held on an Other Trust shall hereinafter be referred to as "Other Trust Property". The Undivided Bare Trust, the Ineligibles Bare Trust, the Deferred Consideration Payment Bare Trust, the Segregated Bare Trusts, Trusts and any Other Trusts shall hereinafter be collectively referred to as the "Receivables Trust". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the Transaction other Relevant Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 45 (Trust Register and Additional Beneficiaries).

Appears in 1 contract

Samples: www.newday.co.uk

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