Purposes and Powers; Trust Sample Clauses

Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 10 Section 2.05. Initial Capital Contribution of Trust Estate 10 Section 2.06. Declaration of Trust 10 Section 2.07. Title to Trust Estate 10 Section 2.08. Situs of Trust 10 Section 2.09. Nature of Interest in the Trust Estate 10 Section 2.10. Tax Matters 10 Section 2.11. Fiscal Year 11 Section 2.12. Closing 11 Section 2.13. Books and Records 11 Section 2.14. Limitation on Liability of Transferor and Others 11 Section 2.15. Representations and Warranties of each Beneficiary 11 ARTICLE III Section 3.01. Initial Ownership 12 Section 3.02. Restrictions on Transfer 12 ARTICLE IV DISTRIBUTIONS OF FUNDS Section 4.01. Distribution of Funds 13 Section 4.02. Payments from Trust Estate Only 13 Section 4.03. Method of Payment 13 Section 4.04. Transferor Interest; Transferor Certificates 13 TABLE OF CONTENTS (continued) Page ARTICLE V
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Purposes and Powers; Trust. To Operate as a Single Purpose Entity...........................6 Section 2.04. Appointment of Owner Trustee...............................................................9 Section 2.05. Initial Capital Contribution of Trust Estate...............................................9 Section 2.06. Declaration of Trust.......................................................................9 Section 2.07. Title to Trust Estate......................................................................9 Section 2.08. Situs of Trust.............................................................................9 Section 2.09. Nature of Interest in the Trust Estate....................................................10
Sample 1See All (4)
Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 9 Section 2.05. Declaration of Trust 9 Section 2.06. Title to Trust Estate 10 Section 2.07. Nature of Interest in the Trust Estate 10 Section 2.08. Continuation of Trust; Principal Office of Owner Trustee 10 Section 2.09. Tax Matters 10 Section 2.10. Fiscal Year 10 Section 2.11. Closing 10 Section 2.12. Books and Records 10 Section 2.13. Limitation on Liability of Transferors and Others 11
Sample 1
Purposes and Powers; Trust to Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 9 Section 2.05. Declaration of Trust 9 Section 2.06. Title to Trust Estate 10 Section 2.07. Nature of Interest in the Trust Estate 10 Section 2.08. Continuation of Trust; Principal Office of Owner Trustee 10 Section 2.09. Tax Matters 10 Section 2.10. Fiscal Year 10 Section 2.11. Transfer of Collateral Certificate 10 Section 2.12. Closing 12 Section 2.13. Books and Records 12 Section 2.14. Series 2001-D Certificateholder 12 Section 2.15. Representations and Warranties of the Transferor 12 Section 2.16. Protection of Title to Collateral Certificate 14 Section 2.17. Assignment to Indenture Trustee 14 Section 2.18. Merger or Consolidation of, or Assumption of the Obligations of, Transferor 15 Section 2.19. Limitation on Liability of Transferor and Others 15
Sample 1Sample 2
Purposes and Powers; Trust. To Operate as a Single ------------------------------------------------- Purpose Entity. (a) The purpose of the Trust is to engage solely in a program of -------------- acquiring interests in the Master Trust and issuing Notes under the Indenture and related activities. Without limiting the generality of the foregoing, the Trust may and shall have the power and authority to:
Sample 1
Purposes and Powers; Trust. To Operate as a Single Purpose Entity 6 Section 2.04. Appointment of Owner Trustee 10 Section 2.05. Initial Capital Contribution of Trust Estate 10 Section 2.06. Declaration of Trust 10 Section 2.07. Title to Trust Estate 10 Section 2.08. Situs of Trust 10 Section 2.09. Nature of Interest in the Trust Estate 10 Section 2.10. Tax Matters 10 Section 2.11. Fiscal Year 11 Section 2.12. Closing 11 Section 2.13. Books and Records 11 Section 2.14. Limitation on Liability of Transferor and Others 11 Section 2.15. Representations and Warranties of each Beneficiary 11 ARTICLE III BENEFICIAL INTEREST Section 3.01. Initial Ownership 12 Section 3.02. Restrictions on Transfer 12
Sample 1

Related to Purposes and Powers; Trust

  • Purposes and Powers The purpose of the Trust is to engage in the following activities:

  • Purposes and Powers of the Trust The purpose of the trust, as created hereunder, is to engage in the following activities:

  • Purpose and Powers (a) The Company is organized for the purposes of undertaking such activities as determined by the Board and, subject to the terms and conditions herein and of the Delaware Act, the Members, which are permitted by applicable law and engaging in activities incidental or ancillary thereto. Notwithstanding the forgoing, the Company has been organized to form a subsidiary which will acquire the artwork as identified on Schedule 1 (the “Painting”) and undertake certain actions with respect thereto.

  • Purpose and Powers of the Trust The purpose of the common law trust, as created hereunder, is to engage in the following activities:

  • Formation Term Purpose and Powers Section 2.01.

  • Purpose and Powers of the Company The Company is organized for the purpose of carrying on any lawful activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all of the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company contemplated by this Agreement.

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Existence and Power The Seller is a limited liability company validly existing and in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority required to carry on its business as it is now conducted. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets.

  • Existence, Qualification and Power Each Loan Party and each Subsidiary thereof (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

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