THE SEGREGATED BARE TRUSTS Sample Clauses

THE SEGREGATED BARE TRUSTS. All Trust Property which is expressly segregated by or on behalf of the Receivables Trustee for the benefit of an Investor Beneficiary or the Transferor Beneficiary (other than, in the case of the Transferor Beneficiary, Ineligible Bare Trust Property and Deferred Payment Bare Trust Property) pursuant to the terms of this Deed or any Trust Supplement shall be held as segregated nominee property on absolute bare trust for the sole benefit of such Investor Beneficiary or the Transferor Beneficiary, in accordance with the entitlements described in Clause 3.1(c) (The Segregated Bare Trust) of this Deed (each such trust being a Segregated Bare Trust) and all Trust Property held on a Segregated Bare Trust shall hereinafter be referred to as Segregated Bare Trust Property.
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THE SEGREGATED BARE TRUSTS. All Trust Property which is expressly segregated by or on behalf of the Receivables Trustee for the benefit of an Investor Beneficiary pursuant to the terms of this Deed or any Supplement shall be held as segregated nominee property on absolute bare trust for the sole benefit of such Investor Beneficiary (a "SEGREGATED BARE TRUST") and all Trust Property held on a Segregated Bare Trust shall hereinafter be referred to as "SEGREGATED BARE TRUST PROPERTY".
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THE SEGREGATED BARE TRUSTS. Each Investor Beneficiary or the Transferor Beneficiary (as the case may be) will be absolutely beneficially entitled to Trust Property specified in this Deed or any Supplement as being Segregated Bare Trust Property of such Investor Beneficiary or the Transferor Beneficiary (as the case may be).
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THE SEGREGATED BARE TRUSTS. All Trust Property which is expressly segregated by or on behalf of the Receivables Trustee for the benefit of an Investor Beneficiary or the Transferor Beneficiary (other than, in the case of the Transferor Beneficiary, Ineligibles Bare Trust Property and Deferred Consideration Bare Trust Property) pursuant to the terms of this Deed or any Supplement shall be held as segregated nominee property on absolute bare trust for the sole benefit of such Investor Beneficiary or the Transferor Beneficiary, in accordance with the entitlements described in Clause 3.1(c) (each such trust being a "SEGREGATED BARE TRUST") and all Trust Property held on a Segregated Bare Trust shall hereinafter be referred to as "SEGREGATED BARE TRUST PROPERTY".
Sample 1
THE SEGREGATED BARE TRUSTS. The Loan Note Issuer, the Dormant Investor Beneficiary or the Transferor Beneficiary (as the case may be) will be absolutely beneficially entitled to Trust Property specified in this Deed or any Supplement as being Segregated Bare Trust Property of such Investor Beneficiary or the Transferor Beneficiary (as the case may be).
Sample 1

Related to THE SEGREGATED BARE TRUSTS

  • The Trust Fund Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.

  • Delaware Trust Assets Purchaser The Delaware Trust Assets Purchaser shall be the Servicer engaged to perform and discharge the Serviced Duties in respect of each Appointment of Xxxxx Trust Company that continues to be treated as a Restricted Appointment.

  • No Legal Title to Owner Trust Estate in Certificateholders The Certificateholders shall not have legal title to any part of the Owner Trust Estate. The Certificateholders shall be entitled to receive distributions with respect to their undivided 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 Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this 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 Owner Trust Estate.

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000.

  • No Legal Title to Owner Trust Estate in Certificateholder The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

  • Trust Fund The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans.

  • Grantor Trust The Trust is intended to be a grantor trust, of which the Sponsor is the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Code, as amended, and shall be construed accordingly.

  • Grantor Trust Administration (a) The Tax Administrator shall treat the Grantor Trust Pool, for tax return preparation purposes, as a Grantor Trust under the Code. The Tax Administrator shall also perform on behalf of the Grantor Trust Pool all reporting and other tax compliance duties that are the responsibility of such Grantor Trust Pool under the Code or any compliance guidance issued by the IRS or any state or local taxing authorities. The expenses of preparing and filing such returns shall be borne by the Tax Administrator.

  • Trustee and Certificate Administrator May Own Certificates The Trustee, the Certificate Administrator and any agent of the Trustee or the Certificate Administrator, each, in its individual capacity or any other capacity, may become the owner or pledgee of Certificates, and may deal with the Depositor and the Master Servicer in banking transactions, with the same rights it would have if it were not Trustee, the Certificate Administrator or such agent, as the case may be.

  • Trust Funds The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

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