The Trust Estates Clause Samples

The "Trust Estates" clause defines the specific assets, properties, or interests that are held within a trust and managed by the trustee for the benefit of the beneficiaries. This clause typically lists or describes the initial assets transferred into the trust, such as real estate, bank accounts, investments, or other valuable property, and may also address how future assets can be added. Its core practical function is to clearly identify what constitutes the trust property, ensuring there is no ambiguity about which assets are subject to the terms and protections of the trust arrangement.
The Trust Estates. 19 Section 2.1 Declaration of Senior Trust ........................................................................19 Section 2.2 Declaration of Junior Trust .........................................................................20 Section 2.3 Priority of Liens between Classes ..............................................................21 Section 2.4 Restrictions on Enforcement of Parity Liens; Prohibition on Contesting Liens .........................................................................................21 Section 2.5 Waiver of Right of Marshaling...................................................................24 Section 2.6 Discretion in Enforcement of Priority Liens ..............................................25 Section 2.7 Amendments to Priority Lien Documents and Discretion in Enforcement of Priority Lien Obligations; Amendments to Parity Lien Documents..........................................................................................25
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The Trust Estates. 15 SECTION 2.1 Declaration of Senior Trust................................................... 15 SECTION 2.2 Declaration of Junior Trust................................................... 16 SECTION 2.3
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The Trust Estates. SECTION 2.1 Declaration of Senior Trust SECTION 2.2 Declaration of Junior Trust SECTION 2.3 Priority of Liens SECTION 2.4 Restrictions on Enforcement of Parity Liens SECTION 2.5 Waiver of Right of Marshalling SECTION 2.6 Discretion in Enforcement of Priority Liens SECTION 2.7 Discretion in Enforcement of Priority Lien Obligations SECTION 2.8 Insolvency or Liquidation Proceedings SECTION 2.9 Collateral Shared Equally and Ratably within Class
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The Trust Estates. Section 2.1 Declaration of Trust 11 Section 2.2 Collateral Shared Equally and Ratably 12
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The Trust Estates. 36 SECTION 2.1 Declaration of First Priority Trust........................................... 36 SECTION 2.2 Declaration of Second Priority Trust.......................................... 37 SECTION 2.3 Declaration of Third Priority Trust........................................... 38 SECTION 2.4 Declaration of Other Junior Lien Trust........................................ 39 SECTION 2.5 Priority of Liens............................................................. 40 SECTION 2.6 Special Rights in Insolvency Proceedings...................................... 45 SECTION 2.7 Collateral Shared Equally and Ratably Within Each Class....................... 46
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The Trust Estates 
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Related to The Trust Estates

  • 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 Collection Account, the Note Account, 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 and each Servicing Agreement, the Cap Agreement and all amounts received from the Cap Provider thereunder (to the extent provided herein) and (f) all income, revenues, issues, products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing.

  • 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.

  • 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.

  • The Trust Fund ▇▇▇▇▇▇ Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to ▇▇▇▇▇▇ ▇▇▇, acting in its capacity as Trustee for the Trust Fund established hereby, all of ▇▇▇▇▇▇ Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.