Titling Trust definition
Examples of Titling Trust in a sentence
Each party hereto acknowledges and agrees (and each holder or pledgee of the 2026-A Exchange Note, by virtue of its acceptance of such Exchange Note or pledge thereof acknowledges and agrees) that (i) the Specified Interest is a separate series of the Titling Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.
Neither the 2026-A Lease nor the 2026-A Vehicle has been sold, transferred, assigned, pledged or granted by any Dealer to any Person other than the Titling Trust.
Any claim pursuant to any Note issued hereunder against the Titling Trust will be limited in recourse to the assets of the Mercedes-Benz Specified Interest that are designated as part of the 2026-A Reference Pool.
The Titling Trust has good and marketable title to such 2026-A Lease and 2026-A Vehicle, free and clear of any Liens (other than Permitted Liens), participations and rights of others, including, to the knowledge of the Servicer, Liens (other than Permitted Liens) or claims for work, labor or material relating to such 2026-A Vehicle.
The Servicer, or its custodian, has possession or control of such original or authoritative copy, as applicable, which does not have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Titling Trust.