Trust Assets definition

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.

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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

• As such, separate and distinct records shall be maintained for the UTI Portfolio and each SUBI Portfolio and the Trust Assets associated with the UTI Portfolio and each SUBI Portfolio shall be held and accounted for separately from the other assets of the Origination Trust.

• The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI and each SUBI shall be enforceable against the UTI Portfolio or the related SUBI Portfolio only, and not against the Trust Assets generally or the assets of any other SUBI Portfolio.

• Any payment by the Servicer to a Dealer to acquire a Leased Vehicle or a related Lease shall constitute a contribution by the Servicer to the Trust in respect of the Servicer’s ownership interest in the UTI and the UTI shall immediately thereafter be deemed to represent the entire beneficial interest in such Leased Vehicle, any related Lease and any related Trust Assets (whether such Lease was originated by a Dealer or by the Trust).

• Upon their allocation as SUBI Assets, such Trust Assets shall no longer be assets of, or allocated to, the Undivided Trust Interest (unless and until specifically reallocated to the Undivided Trust Interest from that SUBI Portfolio pursuant to the terms hereof or of any SUBI Supplement).

• Such supplemental agreements may provide, among other things, for further specific servicing obligations relating to SUBI Assets for the particular benefit of holders of related SUBIs. Such supplemental agreements may permit the termination of this Agreement insofar as it applies to such SUBI Assets upon the terms and conditions set forth therein; however, no such supplemental agreement shall permit the termination of this Agreement insofar as it applies to other Trust Assets except as provided herein.

More Definitions of Trust Assets

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

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 has the meaning specified in subsection 2.1(a).

Trust Assets. ’ means the assets, rights, cash or investments described in Condition 5.1 (Trust Assets).

Trust Assets means the cash and other assets to be transferred to the Trust under Article V of the Plan.