Beneficiaries of Trust Sample Clauses

Beneficiaries of Trust. By the purchase and acceptance or other lawful delivery and acceptance of any Unit the Unitholder shall be deemed to be a beneficiary of the Trust created by this Indenture and vested with all right, title and interest in the Trust to the extent of the Unit or Units, subject to the terms and conditions of this Indenture.
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Beneficiaries of Trust. By the purchase and acceptance or other lawful delivery and acceptance of a Unit of the Trust the Unit Holder shall be deemed to be a beneficiary of such Trust and vested with all rights, title and interest in the Trust to the extent of the Unit or Units owned, subject to the terms and conditions of this Indenture.
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Beneficiaries of Trust. 36 Section 6.02. Rights, Terms and Conditions...........................36
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Beneficiaries of Trust. By the purchase and acceptance or other lawful delivery and acceptance of any Certificate the Certificateholder shall be deemed to be a beneficiary of the trust created by this Indenture and vested with all right, title and interest in the Trust Fund to the extent of the Unit or Units set forth and evidenced by such Certificate, subject to the terms and conditions of this Indenture and of such Certificate.
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Beneficiaries of Trust. By the purchase and acceptance or other lawful delivery and acceptance of a Certificate of a Trust or the purchase and acceptance of any Book Entry Position or other lawful delivery and acceptance of such Book Entry Position including receipt of a Book Entry Confirmation, the Unitholder (i) shall be deemed to be a beneficiary of such Trust and vested with all right, title and interest in such Trust to the extent of the Unit or Units or fraction thereof set forth and evidenced by such Certificate or Book Entry Position and (ii) shall assent to and be bound by the terms and conditions of this Indenture.
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Beneficiaries of Trust. 36 Section 6.02. Rights, Terms and Conditions . . . . . . . . . . . . 36
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Beneficiaries of Trust. 43 ARTICLE VIII DEPOSITORS................................................ 44 SECTION 8.1. Liabilities; Power of Attorney.................... 44 SECTION 8.2. Discharge......................................... 44 SECTION 8.3. Successors........................................ 45 SECTION 8.4. Resignation....................................... 46 SECTION 8.5. Exclusions from Liability......................... 46 SECTION 8.6. Annual Fee........................................ 47
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Beneficiaries of Trust. By the purchase or acceptance of any Unit a Unitholder shall be deemed to have assented to and to be bound by the terms and conditions of this Indenture.
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Beneficiaries of Trust 
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Related to Beneficiaries of Trust

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • Purposes of Trust (a) The exclusive purposes and functions of the Trust are to (i) issue and sell Trust Securities and use the proceeds from such sale to acquire the Notes and (ii) engage in only those activities necessary or incidental thereto. The Delaware Trustee, the Property Trustee and the Administrative Trustees are trustees of the Trust, and have all the rights, powers and duties to the extent set forth herein. The Trustees hereby acknowledge that they are trustees of the Trust.

  • Situs of Trust The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of New York. Payments will be received by the Trust only in Delaware or New York and payments will be made by the Trust only from Delaware or New York. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer or any agent of the Trust from having employees within or outside the State of Delaware. The only office of the Trust will be at the Corporate Trust Office located in Delaware.

  • Beneficiaries/References Executive shall be entitled, to the extent permitted under any applicable law, to select and change a beneficiary or beneficiaries to receive any compensation or benefit payable under this Agreement following Executive’s death by giving the Company written notice thereof. In the event of Executive’s death or a judicial determination of Executive’s incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to Executive’s beneficiary, estate or other legal representative.

  • Designation of Charitable Beneficiaries By written notice to the Trustee, the Company shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust such that the Shares held in the Trust would not violate the restrictions set forth in Section 13.2(a) in the hands of such Charitable Beneficiary. Neither the failure of the Company to make such designation nor the failure of the Company to appoint the Trustee before its automatic transfer provided for in Section 13.2(b) shall make such transfer ineffective; provided that the Company thereafter makes such designation and appointment. The designation of a nonprofit organization as a Charitable Beneficiary shall not entitle such nonprofit organization to serve in such capacity and the Company may, in its sole discretion, designate a different nonprofit organization as the Charitable Beneficiary at any time and for any or no reason. Any determination by the Company with respect to the application of this Article XIII shall be binding on each Charitable Beneficiary.

  • Party Beneficiaries The Manager Indemnified Persons, I-70CH Indemnified Persons, the Senior Executives and SE Employer are express third party beneficiaries of the provisions of this Agreement that relate to them.

  • Rights of Trustee (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document.

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • Parties in Interest; No Third Party Beneficiaries Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective heirs, legal representatives, successors and assigns of the parties hereto. This Agreement shall not be deemed to confer upon any person not a party hereto any rights or remedies hereunder.

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