Common use of Situs of Trust Clause in Contracts

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of Illinois. All bank accounts maintained on behalf of the Trust shall be located in the States of Delaware, Illinois, New York or Minnesota, or such other States as directed by the Depositor. The 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 Trust only in Delaware, Illinois, New York or Minnesota, or such other States as directed by the Depositor, and payments will be made by the Trust only from Delaware or New York, or such other States as directed by the Depositor. The only office of the Trust shall be the principal corporate trust office of the Owner Trustee located at its Corporate Trust Office.

Appears in 27 contracts

Samples: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)

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Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of IllinoisDelaware, Maryland, Minnesota or New York. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the States of Delaware, IllinoisMaryland, Minnesota or New York or Minnesota, or such other States as directed by the DepositorYork. The 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 DelawareDelaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, IllinoisMaryland, Minnesota or New York or Minnesota, or such other States as directed by the DepositorYork, and payments will be made by the Trust only from Delaware Delaware, Maryland, Minnesota or New York, or such other States as directed by the Depositor. The only office of the Trust shall be the principal corporate trust office of maintained by the Owner Trustee located will be at its the Corporate Trust OfficeOffice in Delaware.

Appears in 9 contracts

Samples: Trust Agreement (Bear Stearns ARM Trust 2006-1), Trust Agreement (Bear Stearns ARM Trust 2006-1), Trust Agreement (Alesco Financial Inc)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of IllinoisDelaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the States State of Delaware, Illinois, Delaware or the State of New York or Minnesota, or such other States as directed by the DepositorYork. The 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 DelawareDelaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, Illinois, New York or Minnesota, or such other States as directed by the DepositorCorporate Trust Office of the Certificate Paying Agent, and payments will be made by the Trust only from Delaware Delaware, New York or New York, or such other States as directed by the DepositorCorporate Trust Office of the Certificate Paying Agent. The only office of the Trust shall will be at the principal corporate trust office Corporate Trust Office of the Owner Trustee located at its Corporate Trust Officein Delaware.

Appears in 6 contracts

Samples: Trust Agreement (Wachovia Mortgage Loan Trust, LLC), Trust Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust), Trust Agreement (Wachovia Mortgage Loan Trust, LLC)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of IllinoisDelaware, Maryland, Minnesota or New York. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the States of Delaware, IllinoisMaryland, Minnesota or New York or Minnesota, or such other States as directed by the DepositorYork. The 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 DelawareDelaware or taking actions outside the State of Delaware in order to comply with Section 2.03. Payments will be received by the Trust only in Delaware, IllinoisMaryland, Minnesota or New York or Minnesota, or such other States as directed by the DepositorYork, and payments will be made by the Trust only from Delaware Delaware, Maryland, Minnesota or New York, or such other States as directed by the Depositor. The only office of the Trust shall be the principal corporate trust office of maintained by the Owner Trustee located will be at its the Corporate Trust OfficeOffice in Delaware.

Appears in 4 contracts

Samples: Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2), Trust Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A9), Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2)

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Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of IllinoisDelaware or the State of Pennsylvania. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the States State of DelawareDelaware or the State of New York, Illinois, New York or Minnesota, or such other States as directed except with respect to accounts maintained by the DepositorServicer or Subservicer on behalf of the Owner Trustee. The Trust shall not have any employees in any state other than Delawareemployees; 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 Trust only in Delaware, Illinois, Delaware or New York or Minnesota, or such other States as directed by the DepositorYork, and payments will be made by the Trust only from Delaware or New York, or such other States as directed except with respect to payments made by the DepositorServicer or the Subservicer on behalf of the Owner Trustee. The only office of the Trust shall will be at the principal corporate trust office of the Owner Trustee located at its Corporate Trust OfficeOffice in Delaware.

Appears in 1 contract

Samples: Trust Agreement (American Business Financial Services Inc /De/)

Situs of Trust. The Trust will be located in the State of Delaware and administered in the State of IllinoisDelaware. All bank accounts maintained on behalf of the Trust shall be located in the States of Delaware, Illinois, Delaware or New York or MinnesotaYork, or such other States as directed by the Depositor. The 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 Trust only in Delaware, Illinois, Delaware or New York or MinnesotaYork, or such other States as directed by the Depositor, and payments will be made by the Trust only from Delaware or New York, or such other States as directed by the Depositor. The only office of the Trust shall be the principal corporate trust office of the Owner Trustee located at its Corporate Trust Office.

Appears in 1 contract

Samples: Trust Agreement (World Omni Automobile Lease Securitization Trust 2012-A)

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