Grant of Trust Estate Sample Clauses

Grant of Trust Estate. The Issuer has Granted the Trust Estate to the Indenture Trustee, and the Indenture Trustee has accepted this Grant, pursuant to the Granting Clause.
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Grant of Trust Estate. To secure the payment of principal of and interest on the Bonds in accordance with their terms, the payment of all other sums payable hereunder and the performance of all of the Issuer's covenants and agreements in this Indenture, the Issuer hereby Grants to the Trustee without recourse, in trust and as collateral security, for the exclusive benefit of the Holders of the Bonds (and the Trustee, to the extent provided herein) a security interest in and to the following (collectively, the "Trust Estate" or the "Collateral"):
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Grant of Trust Estate. The Issuer, in consideration for the purchase of the Senior Bonds by the Owners and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, in order to secure the payment of the Senior Bonds and in order to secure the performance and observance of all the covenants and conditions set forth in the Senior Bonds and this Indenture, has executed and delivered this Indenture and has granted, assigned, pledged, bargained, sold, alienated, remised, released, conveyed, set over and confirmed or has required to be granted, assigned, pledged, bargained, sold, alienated, remised, released, conveyed, set over and confirmed, and by these presents does hereby grant, assign, pledge, bargain, sell, alienate, remise, release, convey, set over and confirm unto the Trustee and to its successors and assigns forever, for the benefit of the Owners, all of the following described property, franchises, rights and income, including any title or interest therein acquired after the date hereof (collectively, the “Trust Estate”):
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Grant of Trust Estate. To secure the payment of Outstanding Obligations, the payment of all other sums payable hereunder and the performance of all of the Issuer's covenants and agreements in this Indenture, the Issuer HEREBY Grants to the Trustee without recourse, in trust and as collateral security, for the exclusive benefit of the Bond Insurer and Holders of the Bonds (and the Trustee, to the extent provided herein) as their interests appear herein a security interest in and to the following (collectively, the "Trust Estate" or the "Collateral"):
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Grant of Trust Estate. The Transportation Enterprise, in consideration of the premises, the purchase of the Bonds by the Owners, the agreement of USDOT to make one or more TIFIA Loans, the agreements of the providers under the Credit Facilities and Hedge Facilities, the agreement of the Trustee to serve as trustee under this Master Indenture and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, in order to secure the payment of (a) the Debt Service on and Redemption Price and Purchase Price of Outstanding Senior Bonds to the Owners thereof under this Master Indenture and amounts payable to the providers of Credit Facilities and Hedge Facilities that are payable on parity with the Debt Service on the Senior Bonds (the ―Senior Bond Payment Obligations‖),
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Grant of Trust Estate. The Issuer, in consideration for the purchase of the Bonds by the Owners, the credit support of certain Bonds by the Credit Facilities, the execution and delivery by a Hedging Bank of a Hedge Agreement, the actions of other Secured Parties with respect to any document they are a party to and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, in order to secure the payment of the Trust Estate Secured Obligations, to secure the performance and observance of all the covenants and conditions set forth in the Bonds, this Master Indenture and any Supplemental Indenture, has executed and delivered this Master Indenture and has pledged and assigned, and by these presents does pledge and assign unto the Trustee and to its successors and assigns forever and subject to the Intercreditor Agreement for the benefit of the Secured Parties, all of the following described property, franchises, rights and income, including any title or interest therein acquired after the date hereof (collectively, the “Trust Estate”):
Sample 1
Grant of Trust Estate. The Transportation Enterprise, in consideration of the premises, the purchase of the Bonds by the Owners, the agreement of the TIFIA Lender to make one or more TIFIA Loans, the agreements of the providers under the Credit Facilities and Hedge Facilities, the agreement of the Trustee to serve as trustee under this Master Indenture and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, in order to secure the payment of (a) the Debt Service on and Redemption Price and Purchase Price of Outstanding Senior Bonds to the Owners thereof under this Master Indenture and amounts payable to the providers of Credit Facilities and Hedge Facilities that are payable on parity with the Debt Service on the Senior Bonds (the “Senior Bond Payment Obligations”); (b) the Debt Service on any TIFIA Loan to the TIFIA Lender under this Master Indenture and any TIFIA Loan Agreement (the “TIFIA Loan Payment Obligations”); (c) the Debt Service on and Redemption Price and Purchase Price of Outstanding Junior Bonds to the Owners thereof under this Master Indenture and amounts payable to the providers of Credit Facilities and Hedge Facilities that are payable on parity with the Debt Service on the Junior Bonds (the “Junior Bond Payment Obligations”, and, together with the Senior Bond Payment Obligations and the TIFIA Loan Payment Obligations, the “Bond Obligations”); (d) amounts payable to any provider of a Credit Facility under this Master Indenture and the related Credit Facility that are not included in Senior Bond Payment Obligations or Junior Bond Payment Obligations (the “Subordinate Credit Facility Obligations”); (e) amounts payable to any provider of a Hedge Facility under this Master Indenture and the related Hedge Facility that are not included in Senior Bond Payment Obligations or Junior Bond Payment Obligations (the “Subordinate Hedge Facility Obligations”); and (f) the fees and expenses payable to the Trustee for its services as trustee under this Master Indenture, subject to the terms of the compensation agreement between the Transportation Enterprise and the Trustee (the “Trustee Fees and Expenses”) (the Senior Bond Payment Obligations, the TIFIA Loan Payment Obligations, the Junior Bond Payment Obligations, the Subordinate Credit Facility Obligations, the Subordinate Hedge Facility Obligations and the Trustee Fees and Expenses, collectively, are referred to as the “Secured Obligations;” the Owners of the Bonds, the TIFIA L...
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Related to Grant of Trust Estate

  • Release of Trust Estate (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

  • Acquisition of Trust Property (a) The Trustee is hereby irrevocably authorized and directed to execute and deliver the Assignment and Assumption Agreement on the date specified in Section 7.01 of the Related Pass Through Trust Supplement, subject only to the satisfaction of the conditions set forth in said Section 7.01. The Agreement (except only for this sentence and the immediately preceding sentence hereof, which are effective upon execution and delivery hereof) shall become effective upon the execution and delivery of the Assignment and Assumption Agreement by the Trustee and the Related Trustee, automatically and without any further signature or action on the part of the Company and the Trustee, and shall thereupon constitute the legal, valid and binding obligation of the parties hereto enforceable against each of the parties hereto in accordance with its terms. Upon such execution and delivery of the Assignment and Assumption Agreement, the Related Trust shall be terminated, the Applicable Certificateholders shall receive beneficial interests in the Applicable Trust in exchange for their interests in the Related Trust equal to their respective beneficial interests in the Related Trust and the “Outstanding” (as defined in the Related Pass Through Trust Agreement) pass through certificates representing fractional undivided interests in the Related Trust shall be deemed for all purposes of the Agreement, without further signature or action of any party or Certificateholder, to be Certificates representing the same Fractional Undivided Interests in the Applicable Trust and Trust Property. By acceptance of its Applicable Certificate, each Applicable Certificateholder consents to and ratifies such assignment, transfer and delivery of the trust property of the Related Trust to the Trustee upon the execution and delivery of the Assignment and Assumption Agreement. The provisions of this Section 5.01(a) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes or Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust.

  • The Trust Estate The Depositor hereby assigns, transfers, conveys and sets over to the Trustee the sum of $10.00. The Trustee hereby acknowledges receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustee hereby declares that it will hold the trust estate in trust for the Depositor. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the "Business Trust Act"), and that this document constitute the governing instrument of the Trust. The Trustee is hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Business Trust Act.

  • Optional Purchase of Trust Estate The Servicer shall have the right at its option (the “Optional Purchase”) to purchase (and/or to designate one or more other parties to purchase) the Trust Estate (other than the Reserve Account) from the Issuer on any Payment Date if both of the following conditions are satisfied: (i) as of the last day of the related Collection Period, the Pool Balance has declined to 10% or less of the Pool Balance as of the Cut-Off Date, and (ii) the sum of the Optional Purchase Price and the Available Funds for such Payment Date would be sufficient to pay (A) the Servicing Fee for such Payment Date and all unpaid Servicing Fees with respect to prior periods, (B) all fees, expenses and indemnities owed to the Indenture Trustee and the Owner Trustee and not previously paid, (C) interest then due on the Notes and (D) the aggregate unpaid Note Balance of all of the Outstanding Notes. To exercise such option, the Servicer (or its designee) shall deposit, subject to Section 4.5, the Optional Purchase Price into the Collection Account on the Redemption Date; provided that, at the Servicer’s option, any Collections deposited into the Collection Account after the last day of the Collection Period immediately preceding the Redemption Date may either be applied to reduce the amount of such deposit or remitted to the Servicer (or its designee) following the exercise of the Optional Purchase. The Servicer shall furnish written notice of its election to exercise the Optional Purchase to the Indenture Trustee and the Owner Trustee not later than ten days prior to the date of the Optional Purchase. If the Servicer (or its designee) exercises the Optional Purchase, the Notes shall be redeemed and in each case in whole but not in part on the related Payment Date for the Redemption Price.

  • Trust Estate The assets subject to this Agreement and the Indenture, transferred by the Depositor to the Issuer and pledged by the Issuer to the Indenture Trustee, which assets consist of all accounts, accounts receivable, contract rights, general intangibles, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, notes, drafts, letters of credit, advices of credit, investment property, uncertificated securities and rights to payment of any and every kind consisting of, arising from or relating to any of the following: (a) the Mortgage Loans listed in the Mortgage Loan Schedule, and principal due and payable after the Cut-off Date, but not including interest and principal due and payable on any Mortgage Loans on or before the Cut-off Date, together with the Mortgage Files relating to such Mortgage Loans; (b) any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries (in each case, subject to clause (a) above), (c) the Trust Accounts, Recoveries, any Custodial Account, any Escrow Account and all amounts deposited therein pursuant to the applicable provisions of this Agreement, (d) any Insurance Policies, (e) the rights of the Depositor under the Mortgage Loan Sale Agreement (f) the Servicing Agreements and (g) all income, revenues, issues, products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing.

  • Ownership of Trust Property Legal title to all of the Trust Property shall at all times be considered to be vested in the Trust, except that the Board of Trustees shall have the power to cause legal title to any Trust Property to be held by or in the name of any Person as nominee, on such terms as the Board of Trustees may determine, in accordance with applicable law.

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