Title to the Trust Property Sample Clauses

Title to the Trust Property. Legal title to all the Owner Trust Estate shall be vested at all times in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.
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Title to the Trust Property. Legal title to all the Trust Estate shall be vested at all times in the Issuer, except where applicable law in any jurisdiction requires title to any part of the Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.
Sample 1
Title to the Trust Property. Borrower owns (i) good, marketable and insurable fee simple title to the Mall Space and to the Retail Annex Land, free and clear of all Liens, other than the Permitted Encumbrances, (ii) good, marketable and insurable fee simple title to the Mall Improvements, free and clear of all Liens, other than the Permitted Encumbrances, (iii) pursuant to the Billboard Master Lease, a good and valid leasehold estate in the Billboard Additional Premises, free and clear of all Liens, other than the Permitted Encumbrances, (iv) pursuant to the Canyon Ranch Master Lease, a good and valid leasehold estate in the Canyon Ranch Additional Premises, free and clear of all Liens, other than the Permitted Encumbrances, (v) pursuant to the Lutece Master Lease, a good and valid leasehold estate in the Lutece Additional Premises, free and clear of all Liens, other than the Permitted Encumbrances and (vi) owns good and valid title to the rest of the Collateral, free and clear of all Liens, other than the Permitted Encumbrances. The Borrower has the right, power and authority to grant, bargain, sell, alienate, enfeoff, convey, confirm, warrant, pledge, assign and hypothecate, with power of sale, the Collateral. There are no outstanding options to purchase or rights of first refusal or restrictions on transferability affecting the Collateral. The Collateral comprises (i) all real property and personal property (both tangible and intangible) that will be necessary to operate the "Grand Canal Shops Mall" as a First Class Mall and (ii) all real property and personal property (both tangible and intangible) that is the subject of the Appraisal.
Sample 1

Related to Title to the Trust Property

  • Title to the Trust Estate Legal title to all the Trust Estate shall be vested at all times in the Issuer as a separate legal entity.

  • Title to Owner Trust Estate Legal title to all the Owner Trust Estate shall be vested at all times in the Securitization Trust as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.

  • Title to Trust Property Legal title to all the Owner Trust Estate shall be vested at all times in the Trust as a separate legal entity except where applicable law in any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee and/or a separate trustee, as the case may be.

  • No Legal Title to Owner Trust Estate The Certificateholders shall not have legal title to any part of the Owner Trust Estate solely by virtue of their status as a Certificateholder. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in accordance with Articles V and VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

  • Title to Property of the Trust Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.

  • No Legal Title to Owner Trust Estate in Certificateholder The Certificateholder shall not have legal title to any part of the Owner Trust Estate. The Certificateholder shall be entitled to receive distributions in accordance with Article VIII. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholder to and in its ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trust hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

  • No Legal Title to Owner Trust Estate in Certificateholders The Certificateholders shall not have legal title to any part of the Owner Trust Estate. The Certificateholders shall be entitled to receive distributions with respect to their undivided ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

  • Title to the Property Borrower will warrant and defend the title to the Property, and the validity and priority of all Liens granted or otherwise given to Lender under the Loan Documents, subject only to Permitted Encumbrances, against the claims of all Persons.

  • 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.

  • Trust Property The property, or interests in property, constituting the Trust Estate from time to time. UCC: The Uniform Commercial Code, as in effect in the relevant jurisdiction.

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