Common use of Situs of Owner Trust Clause in Contracts

Situs of Owner Trust. The Owner Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New York. Payments will be received by the Owner Trust only in Delaware or New York, and payments and distributions will be made by the Owner Trust only from Delaware or New York. The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 20 contracts

Samples: Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3), Trust Agreement (Chase Credit Card Owner Trust 2001-4), Trust Agreement (Chase Credit Card Master Trust)

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Situs of Owner Trust. The Owner Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New York. The Owner Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware. Payments will be received by the Owner Trust only in Delaware or New York, and payments and distributions will be made by the Owner Trust only from Delaware or New York. , The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 9 contracts

Samples: Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust), Trust Agreement (Chase Issuance Trust)

Situs of Owner Trust. The Owner Trust will be located in the State of Delaware and administered in the State of DelawareDelaware or the State of New York. All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New York. Payments will be received by the Owner Trust only in Delaware or New York, and payments and distributions will be made by the Owner Trust only from Delaware or New York. The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 8 contracts

Samples: Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Credit Card Master Trust), Trust Agreement (Chase Credit Card Master Trust)

Situs of Owner Trust. The Owner Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New York. The Owner Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware. Payments will be received by the Owner Trust only in Delaware or New York, and payments and distributions will be made by the Owner Trust only from Delaware or New York. The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Card Receivables LLC)

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Situs of Owner Trust. The Owner Trust will be located and administered in the State of Delaware. [All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New York.] The Owner Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware. Payments will be received by the Owner Trust only in Delaware or New York, and payments and distributions will be made by the Owner Trust only from Delaware or New York. The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Conseco Finance Credit Funding Corp)

Situs of Owner Trust. The Owner Trust will be located in the State of Delaware and administered in the State of DelawareDelaware or the State of Minnesota. All bank accounts maintained by the Owner Trustee on behalf of the Owner Trust shall be located in the State of Delaware or the State of New YorkMinnesota. Payments will be received by the Owner Trust only in Delaware or New YorkMinnesota, and payments and distributions will be made by the Owner Trust only from Delaware or New YorkMinnesota. The only office of the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in Delaware.

Appears in 1 contract

Samples: Trust Agreement (Target Credit Card Owner Trust 2005-1)

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