Asset Trustee definition
Examples of Asset Trustee in a sentence
However, pursuant to the terms of the Servicing Agreement entered into in connection with the issuance of any Series, the related Holders (or the related Servicer or another Person if so specified therein) will pay the Specified Asset Titling Trust Administrator Fee and the Specified Asset Trustee Fee in the manner and at the times set forth therein.
Except as otherwise set forth therein, after each of the Initial Assets listed on Schedule 1 has been delivered under the Asset Purchase Agreement on the applicable Delivery Dates, such Asset Trustee will have such title to such Asset as was conveyed to such Person, free and clear of all Encumbrances created by or through such Person other than Permitted Encumbrances.
Except as otherwise set forth therein, after such Initial Asset has been delivered under the Asset Purchase Agreement on the applicable Delivery Date, the applicable Asset Trustee will have such title to such Asset as was conveyed to such Person, free and clear of all Encumbrances created by or through such Person other than Permitted Encumbrances.
Asset Trustee Liability ........................................................................
Schedule 1 contains a true and complete list of all Assets constituting Initial Assets as of the Initial Closing Date, each of which is, as of the Initial Closing Date, expected to be owned by an Asset Trustee, in each case not in its individual capacity but solely as owner trustee under a trust agreement with the Issuer or an Issuer Subsidiary as of the Initial Closing Date or as of the Delivery Date for each of such Assets, as applicable.
The Put Option Premium, payable on any Collection Date, shall be calculated by the Calculation Agent and delivered in writing (the "Put Option Premium Certificate") to XLFA and the Asset Trustee prior to 11:00 a.m., New York City time, one Business Day prior to the Collection Date on which such payment is due.
TWIN REEFS ASSET TRUST By: The Bank of New York (Delaware), not in its individual capacity but solely as Asset Trustee By: /s/ ▇▇▇▇▇▇▇▇ ▇.