Common use of Title to Trust Property Clause in Contracts

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 74 contracts

Samples: Trust Agreement (Mississippi Power Capital Trust Ii), Trust Agreement (Duke Energy Capital Trust V), Trust Agreement (Gulf Power Co)

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Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, Securityholders shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 14 contracts

Samples: Trust Agreement (HPT Capital Trust I), Trust Agreement (Senior Housing Properties Trust), Trust Agreement (SNH Nebraska Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 7 contracts

Samples: Trust Agreement (HPH Homebuilders 2000 Lp), Trust Agreement (HPH Homebuilders 2000 Lp), Trust Agreement (DRH Regrem Xii Lp)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, Securityholder shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 6 contracts

Samples: Trust Agreement (Host Marriott Corp/Md), Trust Agreement (CMS Energy Trust V), Trust Agreement (Host Marriott Corp/)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the alx xxxxx xx xxx Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 5 contracts

Samples: Trust Agreement (American Electric Power Co Inc), Trust Agreement (Aep Capital Trust Iii), Trust Agreement (American Electric Power Co Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 4 contracts

Samples: Agreement (Hl&p Capital Trust Iv), Agreement (Hl&p Capital Trust Iv), Agreement (Hl&p Capital Trust I)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Holders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Convertible Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 3 contracts

Samples: Trust Agreement (Omnicare Inc), Trust Agreement (Omnicare Inc), Trust Agreement (Omnicare Capital Trust Ii)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Security Holders in accordance with this Trust Agreement. The right, Security Holders shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 3 contracts

Samples: Trust Agreement (Merry Land Properties Inc), Trust Agreement (Dayton Superior Capital Trust), Trust Agreement (Merry Land Capital Trust)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust AgreementDeclaration. The right, Securityholders shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 3 contracts

Samples: Tower Automotive Inc, Superior Trust I, Superior Trust I

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 3 contracts

Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter only be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 2 contracts

Samples: Trust Agreement (Harleysville Group Inc), Trust Agreement (Rli Corp)

Title to Trust Property. Legal title to all Trust Property ----------------------- shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 2 contracts

Samples: Trust Agreement (Duke Capital Financing Trust Iii), Trust Agreement (Duke Energy Capital Trust Ii)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee in trust for the benefit of the Securityholders Trust and the Trust Holders in accordance with this Trust Agreement. The right, Holders shall not have any right or title and to the Trust Property other than the undivided beneficial interest in the assets of the Property Trustee Trust conferred by their Trust Securities and they shall have no right to call for any partition or division of property, profits or rights of the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed Trust except as Property Trustee in accordance with the terms hereofdescribed below. Such vesting and cessation of title The Trust Securities shall be effective whether or not conveyancing documents have been executed personal property giving only the rights specifically set forth therein and deliveredin this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Greater Community Bancorp), Trust Agreement (Vision Bancshares Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.. Section 2.10

Appears in 2 contracts

Samples: Trust Agreement (Duke Capital Financing Trust V), Trust Agreement (Duke Energy Capital Trust Iii)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, Holders shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial ownership interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 2 contracts

Samples: Trust Agreement (Sierra Pacific Resources Capital Trust Ii), Trust Agreement (Sierra Pacific Resources Capital Trust Ii)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debt Securities shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 2 contracts

Samples: Trust Agreement (Omnicare Capital Trust Iii), Trust Agreement (NCS of Illinois Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing conveyance documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Empire District Electric Trust Ii)

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Title to Trust Property. Legal title to all Trust ----------------------- Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Yorkshire Power Group LTD)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust AgreementAmended and Restated Declaration of Trust. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debentures shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Expenses and Liabilities (Exelon Corp)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Senior Deferrable Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Semco Energy Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereofSECTION 301. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and deliveredPAYMENT ACCOUNT.

Appears in 1 contract

Samples: Trust Agreement (Southside Capital Trust I)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust Agreement. The right, Each Securityholder shall not have legal title and interest to any part of the Property Trustee to assets of the Junior Subordinated Notes Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation assets of title shall be effective whether or not conveyancing documents have been executed and deliveredthe Trust.

Appears in 1 contract

Samples: Trust Agreement (Lucent Technologies Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes Debt Securities shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Nextel Communications Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the xxx xxxxx xx xhe Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Southwestern Electric Power Co)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders Trust and the Trust Securityholders in accordance with this Trust AgreementDeclaration of Trust. The right, title and interest Holders of the Property Trustee Trust Securities shall not have legal title to any part of the Junior Subordinated Notes assets of the Trust, but shall vest automatically have an undivided beneficial interest in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereofassets of the Trust. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.ARTICLE III

Appears in 1 contract

Samples: Republic New York Capital Iv

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right4821-9020-5592, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.v. 11

Appears in 1 contract

Samples: Trust Agreement (Air T Inc)

Title to Trust Property. Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders and the Trust in accordance with this Trust Agreement. The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter only be appointed as Property Trustee in accordance with the terms hereof. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.

Appears in 1 contract

Samples: Trust Agreement (Radian Group Capital Trust II)

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