Title to the Trust Property Clause Samples

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.
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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.
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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 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.

  • 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.