Asset Trust definition

Asset Trust means the common law trust estate created pursuant to an Asset Trust Agreement.

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Asset Trust means Allfirst Preferred Asset Trust, a statutory Delaware business trust.

Asset Trust means Allfirst Preferred Asset Trust.

Examples of Asset Trust in a sentence

The Servicer shall use commercially reasonable efforts to cause each Lessee to affix an ownership placard on each related Airframe and Engine stating that such Airframe or Engine is owned by the applicable Asset Trust.
At all times that any Initial Asset Trust has been the owner of an Initial Asset, such Initial Asset Trust has been covered by aviation liability insurance policies in such types and amounts and covering such risks and with such insurers as are substantially consistent with ▇▇▇▇▇▇’▇ customary practices and such Initial Asset Trust will continue to be so covered on and after the applicable Delivery Date for such Initial Asset.
Any purchase of Assets pursuant to this Section 4.02 may take the form of the purchase of an Asset Trust.
Neither ▇▇▇▇▇▇, nor any Initial Asset Trust is in breach of, or default under, any contract or agreement to which it is a party.
Except to the extent that same is the responsibility of the Lessee under a Lease, each of ▇▇▇▇▇▇ and each Initial Asset Trust has obtained and is maintaining all permits, licenses, authorizations, certifications, exemptions and approvals necessary to enable it to carry on its business as presently conducted (collectively, “Permits”), and all such Permits are in full force and effect.
After the relevant Delivery Date, this Article VI and Section 8.12 will provide the sole and exclusive remedy for WEST relating to such Initial Asset Interest or Title Transfer Asset, as applicable, the corresponding Initial Asset Trust, Initial Asset and Related Assets and the transactions contemplated by this Agreement.
The Asset Interest in each Initial Asset Trust has been duly authorized, validly issued and fully paid for and non-assessable, and there is no other agreement outstanding that provides for the issuance of additional beneficial interests in such Initial Asset Trust, or that entitles any Person to exercise preemptive rights or to manage or direct any such Initial Asset Trust other than in accordance with the Asset Trust Agreements.
To ▇▇▇▇▇▇’▇ knowledge, there are no Governmental Orders outstanding against any Initial Asset Trust.
Each Initial Asset Trust has paid all material Taxes that are due or claimed or asserted by any taxing authority to be due from such entity on or prior to the applicable Delivery Date and there are no Tax liens upon the assets of such entity except liens for Taxes not yet due; (l) Compliance with Tax Laws, Rules and Regulations.
Except for the Lease Documents or as set forth in First Disclosure Letter and with respect to each Initial Asset, any Supplemental Disclosure Letter relating to such Initial Asset, there are, as of the relevant Delivery Date, no Encumbrances (other than Permitted Encumbrances) on any of the assets or properties of any Initial Asset Trust or on the Title Transfer Assets or Related Assets.

More Definitions of Asset Trust

Asset Trust means the trusts constituted over the Trust Assets in accordance with this Declaration of Trust;

Asset Trust. The autonomous estate that will be constituted on the Closing Date pursuant to the Asset Trust Agreement, to guarantee the fulfillment of all the Borrower’s obligations arising from the Loan Documents.

Asset Trust has the meaning set forth in the preamble to this Agreement.

Asset Trust means an asset trust, which constituents comprise underlying assets,

Asset Trust has the meaning given in the Steps Plan.

Asset Trust means the common law trust estate created pursuant to an Asset Trust Agreement. “Asset Trust Agreement” means each trust agreement with an Asset Trustee under which a common law trust estate is created with respect to an Initial Asset or the right to acquire an Asset and ▇▇▇▇▇▇ holds the Asset Interest. “Asset Trustee” means U.S. Bank National Association, ▇▇▇▇▇ Fargo Trust Company, National Association or Bank of Utah. “Beneficial Interest Assignment” means, in respect of transfer of the each Initial Asset Interest hereunder, an assignment thereof, substantially in the form of Exhibit A to this Agreement. “Beneficial Interest Certificates” means the certificates evidencing a beneficial interest in WEST issued by WEST pursuant to the Trust Agreement. “Bill of Sale” means, in respect of transfer of an Initial Asset with respect to which no Initial Asset Interest is transferring, a warranty bill of sale transferring title to such Initial Asset in substantially the form of Exhibit B to this Agreement or such other form as is acceptable to ▇▇▇▇▇▇ and WEST. “Business” means, in respect of WEST, the business of owning the Assets and leasing Assets to third-party lessees and, in respect of ▇▇▇▇▇▇, the business of owning, inter alia, the Initial Assets and leasing, inter alia, the Initial Assets to third-party lessees. “Cape Town Convention” means the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, signed in Cape Town, South Africa on November 16, 2001, together with all regulations and procedures issued in connection therewith, and all other rules, amendments, supplements, modifications, and revisions thereto, all as in effect under the laws of the United States of America, as a contracting state. Except to the extent otherwise defined in this Agreement, terms used in this Agreement that are defined in the Cape Town