Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

Trust Assets shall have the meaning specified in Section 2.01.

Trust Assets has the meaning set forth in the Titling Trust Agreement.

Examples of Trust Assets in a sentence

The Trustee shall invest and reinvest the Trust Assets in Approved Investments which investments are held by the Trustee for the benefit of the Crown.
Upon the appointment of a successor Trustee, all of the rights, estate and interest in the Trust Assets shall vest in the successor Trustee.
Payment by a Licensee or Permittee of Oil, Gas and Salt Resources Charges to the Trust shall not give rise to any right or interest, legal or beneficial, of any nature whatsoever of the Licensee or the Permittee in any of the Trust Assets and for greater certainty it is hereby declared that the Oil, Gas and Salt Resources Charges are paid to the Trustee and held by the Trustee for the benefit of the Crown.
The reasonable cost of such audit shall be charged against the Trust Assets.
The books and records of the Trustee shall at all times indicate that the Trust Assets held by it pursuant to this agreement are held in trust for the Oil, Gas and Salt Resources Trust in accordance with this agreement.

More Definitions of Trust Assets

Trust Assets has the meaning set forth in the SUBI Trust Agreement.

Trust Assets has the meaning given to such term in the Trust Agreement.

Trust Assets means all the property held from time to time by the Trustee under this Agreement, which initially shall consist of the Retained Assets of the Partnership granted, assigned and conveyed to the Trustee by the Partnership, the Cash Reserves, and, in addition, shall thereafter include all proceeds and other receipts of, from, or attributable to any assets, causes of actions or claims held by the Trust.

Trust Assets shall have the meaning specified in Section 2.1.

Trust Assets means all money, instruments, documents, securities, contract rights, general intangibles and other property that are subject, or intended to be subject to, the Lien of this Indenture for the benefit of the Noteholders and any Series Enhancers and includes, without limitation, all property and interests Granted to the Indenture Trustee, including all proceeds thereof.

Trust Assets means all property funded to the Trust pursuant to Section 9.2 of the Plan.