Agreement of Trust. The purposes of the Trust are to (i) issue Shares of beneficial interest in Trust Property, each Share corresponding to one Sponsor Interest held by the Trust, (ii) own the Sponsor Interests and (iii) engage in such other activities as are necessary, convenient or incidental hereto. Each Shareholder registered on the books of the Trust shall be a “beneficial owner” within the meaning of the Delaware Statutory Trust Act. It is intended that the Trust shall qualify as a partnership for U.S. federal income tax purposes. Subject to Article IX, the Trustees are not authorized to sell, exchange, convey, pledge, encumber, or otherwise transfer, assign or dispose of the Sponsor Interests held by the Trust nor invest or reinvest the assets of the Trust. There shall be no implied duties or obligations of the Trustees hereunder. Any action by the Trustees in accordance with their respective powers shall constitute the act of and serve to bind the Trust. The Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Sponsor, Manager, the Board of Directors or the Regular Trustees set forth herein. The Delaware Trustee shall be one of the Trustees of the Trust for the sole and limited purpose of fulfilling the requirements of Section 3807 of the Delaware Statutory Trust Act and for taking such actions as are required to be taken by a Delaware trustee under the Delaware Statutory Trust Act. The duties (including fiduciary duties), liabilities and obligations of the Delaware Trustee shall be limited to (a) accepting legal process served on the Trust in the State of Delaware and (b) the execution of any certificates required to be filed with the Secretary of State of the State of Delaware that the Delaware Trustee is required to execute under Section 3811 of the Delaware Statutory Trust Act and there shall be no other duties (including fiduciary duties) or obligations, express or implied, at law or in equity, of the Delaware Trustee. Notwithstanding anything herein to the contrary, the Delaware Trustee shall not be liable for the acts or omissions of the Trust, the Sponsor, the Regular Trustees, the Manager or the Board of Directors.
Agreement of Trust. AGREEMENT OF TRUST made and entered into as of the 10th day of September, 1975, as amended, by and between NORTH EUROPEAN OIL COMPANY, a corporation organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), party of the first part, and Xxxx X. Xxx Xxxx, Xxxxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xx. and Xxxxxxx X. Xxxxxx as Trustees (hereinafter sometimes called the “Trustees”)1, parties of the second part;
Agreement of Trust. The purposes of the Trust are to (i) issue Shares represented by the Share Certificates, each such Share representing an undivided beneficial interest in one underlying Sponsor Share owned by the Trust, in exchange for Sponsor Shares, (ii) own the Sponsor Shares and (iii) engage in such other activities as are set forth in this Agreement. Each person or entity in whose name a Share is registered on the books of the Trust shall be a "beneficial owner" within the meaning of the Delaware Statutory Trust Act. It is intended that the Trust shall qualify as a grantor trust for U.S. federal income tax purposes; consistent with such treatment the Trustees shall have no power under this Agreement to vary the investment of the beneficial owners of the Trust. There shall be no implied duties or obligations of the Trustees hereunder. Any action by the Trustees in accordance with their respective powers shall constitute the act of and serve to bind the Trust. The Delaware Trustee shall be a trustee for purposes of fulfilling the requirements of Section 3807 of the Delaware Statutory Trust Act. Notwithstanding any other provision of this Agreement, the Delaware Trustee shall not be entitled to exercise any of the powers, nor shall the Delaware Trustee have any of the duties and responsibilities, of the Regular Trustee, the Manager or the Board of Directors described in this Agreement. Notwithstanding anything herein to the contrary, the Delaware Trustee shall not be liable for the acts or omissions of the Trust, the Regular Trustee, the Manager or the Board of Directors.
Agreement of Trust. 1.1 CREATION AND NAME. AWI as Settlor hereby creates a trust known as the "Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Xxxxx," which is the PI Trust provided for and referred to in the Plan. The Trustees of the PI Trust may transact the business and affairs of the PI Trust in the name of the PI Trust.
Agreement of Trust. 2.1 CREATION AND NAME. The Settlor hereby creates a trust known as the "Eagle-Picher Industries, Inc. Personal Injury Settlement Trust", which is the PI Trust provided for and referred to in the Plan. The Trustees of the PI Trust may transact the business and affairs of the PI Trust in the name, "Eagle-Picher Industries Personal Injury Settlement Trust".
Agreement of Trust. The Do nor is irrevocably assigning, tr ansferring and delivering on the date her eof to the Trust ee all right , title and int erest in and to the xx xxxxx y described in Exhibit A, a copy of which is attached hereto and specifically made a part hereof by this reference. The Trustee hereby accepts such irrevocable gift and agrees to hold, administer and distribute such property, together with any other pro perty which is or shall beco me an asset of this Trust, in accordance with the EDUCATIONAL pro visions of the Trust Agreement. The Trust Agreement is intended to create a charitable remainder annuity trust within the meaning of Revenue Procedure 89-21 and Section 664(d)(1) of the Code. Certain terms throughout this Trust Agreement are defined in Article XII.
Agreement of Trust. EDUCATIONAL The Do nor is irrevocably assigning, tr ansferring and delivering on the date her eof to the Trustee all right, title and interest in and to the property described in Exhibit A, a copy of which is attached hereto and specifically made a part hereof by this reference. The Trustee hereby accepts such irrevocable gift and agrees to hold, administer and distribute such property, together with any ot her proper ty which is or shall become an asset of this Trust, in accord ance with the pro visions of the Trust Agreement. The Trust Agreement is intended to create a charitable remainder unitrust within the meaning of Revenue Procedure 89-20 and Section 664(d)(2) of the Code. Certain terms throughout this Trust Agreement are defined in Article XII.
Agreement of Trust. This Agreement made as of April 9, 1997 by and between The TJX Companies, Inc., a Delaware corporation (the "Employer"), and State Street Bank and Trust Company (the "Trustee");
Agreement of Trust. 2.1 CREATION AND NAME. The Settlors hereby create a trust known as the "Eagle-Picher Industries, Inc. Asbestos Property Damage Settlement Trust," which is the Asbestos PD Trust provided for and referred to in the Plan. The Trustees of the Asbestos PD Trust may transact the business and affairs of the Asbestos PD Trust in the name, "Eagle-Picher Industries, Inc. Asbestos Property Damage Settlement Trust."
Agreement of Trust
