UTI Assets definition

UTI Assets shall have the meaning set forth in Section 4.1(a).
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UTI Assets is defined in the Origination Trust Agreement.
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UTI Assets means all Titling Trust Assets that have not been allocated to a SUBI Sub-Trust.
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Examples of UTI Assets in a sentence

  • Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI.

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

  • No co-trustee, separate trustee, or nominee under this Agreement shall be required to meet the terms of eligibility as a successor trustee pursuant to Section 6.2, except that no co-trustee, separate trustee or nominee with respect to the UTI, any UTI Assets, any SUBI or any SUBI Assets under this Agreement may be the Initial Beneficiary or any Affiliate thereof.

  • The UTI Trustee shall in no event have any recourse to any SUBI Assets, including such SUBI Assets which were UTI Assets at the time a Claim against the UTI Trustee arose, and no SUBI Trustee shall have any recourse to any UTI Assets or any Trust Assets allocated to any other SUBI.

  • The Lease Funding Account shall only contain funds relating to UTI Assets.


More Definitions of UTI Assets

UTI Assets. This term shall have the meaning set forth in Section 4.1(a) of the Trust Agreement.
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UTI Assets has the meaning set forth in Section 3.01(a).
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UTI Assets or "SUBI Assets", as the case may be). Pursuant to the UTI Supplement, the UTI Assets were identified and allocated on the records of the Titling Trust as the UTI Sub-Trust, and the beneficial interest in the UTI Sub-Trust was designated as the UTI. The rights of the UTI Beneficiary to certain of the proceeds of the UTI Assets are further set forth in the Titling Trust Agreement and the UTI Supplement.
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UTI Assets means: (i) cash capital; (ii) UTI Vehicles (excluding any proceeds arising therefrom or in connection therewith, unless such proceeds arise from UTI Leases); (iii) UTI Leases and all of Ryder's rights as Lessor thereunder, including the right to proceeds arising therefrom or in connection therewith; provided, however, that the Trust shall assign the right to all such proceeds to Ryder; and (iv) the Trust's rights as lessor under the UTI Master Lease, including rights to receive all rental payments owed to the lessor thereunder.
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UTI Assets has the meaning set forth in the recitals.
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UTI Assets means all Titling Trust Assets that have not been allocated to a SUBI Sub-Trust
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UTI Assets shall have the meaning set forth in Section 5.1(a). ---------- --------------
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