Warehouse Trust definition
Examples of Warehouse Trust in a sentence
TRLWT has not been known by any name other than Trinity Rail Leasing Warehouse Trust and Trinity Rail Leasing Trust II, and is not known by any trade names.
Each Approved Seller which disposes of Receivables to a Warehouse Trust acknowledges and agrees that those Receivables acquired from it by the Trustee in its capacity as trustee of a Warehouse Trust may be disposed of by the Trustee to another Trust.
Subject to paragraph (iii) below, a liability arising under or in connection with this Supplementary Terms Notice or the Warehouse Trust can be enforced against the Trustee only to the extent to which it can be satisfied out of the assets and property of the Warehouse Trust which are available to satisfy the right of the Trustee to be exonerated or indemnified for the liability.
The Trustee will not accept a direction under clause 11.1 unless the direction (including the Receivables and Receivable Securities specified in the direction) complies with the requirements of the relevant Warehouse Trust Direction and any relevant Warehouse Facility Agreement or as the Manager and the Trustee otherwise agree.
Dated: For and on behalf of Crusade Management Limited --------------------------------------- Authorised signatory RECEIPT We acknowledge receipt of the above Warehouse Trust Direction.