Common use of Initial Capital Contribution of Trust Estate Clause in Contracts

Initial Capital Contribution of Trust Estate. The Seller hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the Trust estate. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the Seller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust estate. The Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Trust Estate. The Seller Transferor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the Trust estateProperty. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the SellerTransferor, as of the date hereof, of the foregoing contribution, which Trust Property shall constitute the initial Trust estate. The Seller Transferor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Trust Estate. The Seller hereby sells, assigns, transfers, conveys and sets over to the TrustOwner Trustee, as of the date hereof, the Trust estate. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the Seller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust estate. The Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Trust Estate. The Seller hereby sells, assigns, transfers, conveys and sets over to the TrustOwner Trustee, as of the date hereof, the Trust estatesum of $1. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the Seller, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust estateEstate. The Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Trust Estate. The Seller Transferor hereby sells, assigns, transfers, conveys and sets over to the TrustOwner Trustee, as of the date hereof, the Trust estate. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the SellerTransferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust estate. The Seller Transferor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Trust Estate. The Seller Transferor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the Trust estate. The Owner Trustee on behalf of the Trust hereby acknowledges receipt in trust from the SellerTransferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust estate. The Seller Transferor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.