Common use of Trust Interests Clause in Contracts

Trust Interests. The trust certificate of the Borrower delivered to Borrower Parent is a validly issued and fully paid and nonassessable beneficial interest in the Borrower entitled to the benefits provided by the Trust Agreement. No Person other than Borrower Parent holds any beneficial interest in the Trust. There are no outstanding warrants, options or other rights to purchase or issue any trust certificates of the Borrower or any interest in Borrower.