Continuance and Termination of Trust Sample Clauses

Continuance and Termination of Trust. The Trust hereby created shall be continued until the later of Ninety-Nine (99) years from the date hereof or such other term as the Committee of the Second Amended and Restated Incentive Stock Plan of Eagle-Picher Industries, Inc., as amended, shall determine, and shall then terminate, provided that this Voting Trust Agreement shall terminate upon the occurrence of the events for termination set forth in the Shareholders' Agreement. Upon termination of the Trust, the Trustee shall, upon surrender of the Voting Trust Certificates by the respective holders thereof, assign and transfer to them the number of shares thereby represented.
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Continuance and Termination of Trust. The Trust hereby created shall be continued until October 14, 2006, and shall then terminate, provided that this Voting Trust Agreement shall terminate upon the occurrence of the events for termination set forth in the Stockholders' Agreement. Upon termination of the Trust, the Trustees shall, upon surrender of the Trust Certificates by the respective holders thereof, assign and transfer to them the number of shares thereby represented.
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Continuance and Termination of Trust. The Trust created by this Agreement shall be continued until the second anniversary of the Closing Date, at which time it will immediately terminate. Upon the termination of the Trust, the Trustees shall (i) promptly surrender to the proper officers of the Corporation for cancellation all stock certificates evidencing New Shares held by such Trustee on behalf of the Depositors, (ii) procure new stock certificates evidencing such number of New Shares represented by the Voting Trust Certificates (subject to stock split, reclassifications, stock dividend and the like) held by such Depositors to be issued to and in the name of such Depositors and (iii) upon delivery to the Trustees of such Voting Trust Certificates, deliver or cause to be delivered to such Depositor such stock certificates, together with any dividends or distributions that accrued but remained unpaid upon such New Shares.
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Continuance and Termination of Trust. Unless the Trustee exercises his right, which is hereby expressly granted to him, to terminate the Trust beforehand, the Trust hereby created shall be continued until the date that this 21 years from the date of this Agreement, and shall then terminate. Upon termination of the Trust, the Trustee shall, upon the surrender of the Voting Trust Certificates by the respective holders thereof assign and transfer to them the number of shares of Stock thereby represented or may deposit with the Corporation the certificate or certificates representing the Stock held by the Trustee, together with proper and sufficient instruments duly endorsed for the transfer thereof and with all necessary stock transfer stamps affixed, with instructions to distribute the same to the registered holders of the Voting Trust Certificates in the manner above provided, and the Trustee shall thereupon be relieved and discharged from all further obligation and liability hereunder.
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Continuance and Termination of Trust. The trust created continues for 1 year from the date of this Agreement, unless sooner terminated by the vote of 100% of the shares subject of this Agreement by specific resolution adopted at a meeting of the trust certificate holders called by a majority of the certificate holders for that purpose by at least 30 days' written notice mailed to the trust certificate holders at their respective addresses appearing in the records of the Trustees. Upon the termination of the trust, the Trustees will, upon the surrender of the trust certificates by the respective holders, assign and transfer to them the number of shares represented.
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Continuance and Termination of Trust. The Trust shall continue indefinitely and shall terminate upon the sale of all of the Shares by the Stockholder.
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Continuance and Termination of Trust. The Trust hereby created shall be continued until 10 years after its effective date, and shall then terminate. Upon termination of the Trust, the Trustee shall, upon the surrender of the Trust Certificates by the respective holders thereof, assign and transfer to them the number of Shares thereby represented.
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Continuance and Termination of Trust. This Agreement and the Trust hereby created shall remain in effect (and shall not be terminated) until such time as the Option Agreement shall be terminated in accordance with its terms.
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Continuance and Termination of Trust 
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Related to Continuance and Termination of Trust

  • Duration and Termination of Trust Section 4. Unless terminated as provided herein, the Trust shall continue without limitation of time. Subject to the voting powers of one or more classes or series of Shares as set forth in the Bylaws, the Trust may be terminated at any time (i) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares entitled to vote or (ii) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders. Any series or class of Shares may be terminated at any time (x) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares of such series of class entitled to vote or (y) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders of such series or class. For the avoidance of any doubt and notwithstanding anything to the contrary in this Declaration, Shareholders shall have no separate right to vote with respect to the termination of the Trust or a series of class of Shares if the Trustees (including the Continuing Trustees) exercise their right to terminate the Trust or such series or class pursuant to clauses (ii) and (y) of this Section 4. Upon termination of the Trust or of any one or more series or classes of Shares, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Trust or of the particular series or class, as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash or shares or other property, or any combination thereof, and distribute the proceeds to the Shareholders of the series or class(es) involved, ratably according to the number of Shares of such series or class held by the several Shareholders on the date of termination, except to the extent otherwise required or permitted by the preferences and special or relative rights and privileges of any classes or series of Shares.

  • Termination of Trust Section 9.01

  • Dissolution and Termination of Trust (a) The Trust shall dissolve upon the earliest of:

  • Procedure Upon Termination of Trust Fund (a) Notice of any termination pursuant to the provisions of Section 7.01, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail to Certificateholders mailed upon (x) the sale of all of the property of the Trust Fund by the Trustee pursuant to Section 7.01(b) or (y) upon the final payment or other liquidation of the last Mortgage Loan or REO Property in the Trust Fund. Such notice shall specify (A) the Distribution Date upon which final distribution on the Certificates of all amounts required to be distributed to Certificateholders pursuant to Section 5.02 will be made upon presentation and surrender of the Certificates at the Corporate Trust Office, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Certificates at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Master Servicer and the Certificate Registrar at the time such notice is given to Holders of the Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Certificates shall terminate and the Trustee shall terminate or request the Master Servicer to terminate, the Collection Account it maintains, the Certificate Account and any other account or fund maintained with respect to the Certificates, subject to the Trustee’s obligation hereunder to hold all amounts payable to Certificateholders in trust without interest pending such payment.

  • Conditions to Resignation and Termination Subject to paragraph 9(b)(vi) below, no resignation or termination of the appointment of the Global Agent shall take effect until a new agent has been appointed and no resignation or termination of the appointment of an agent shall take effect if there would not then be agents as required by the Terms of any Notes. Issuer shall use its best efforts to appoint a new agent not later than 30 calendar days after Issuer's receipt of the notice of resignation delivered by the Global Agent in accordance with paragraph 9(b)(ii) above. Issuer agrees with the Global Agent that if Issuer fails to appoint a successor within such period, the Global Agent may petition a court of competent jurisdiction to appoint a new Global Agent hereunder and Issuer shall accept the appointment of that bank as the successor to Global Agent.

  • Duration and Termination of Agreement This Agreement shall become effective with respect to each Portfolio on the later of (i) its execution and (ii) the date of the meeting of the Board of Trustees of the Trust, at which meeting this Agreement is approved as described below. The Agreement will continue in effect for a period more than two years from the date of its execution only so long as such continuance is specifically approved at least annually either by the Trustees of the Trust or by a majority of the outstanding voting securities of each of the Portfolios, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees of the Trust who are not interested persons (as defined in the Investment Company Act) of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. Any required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to any Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the Investment Company Act) of shares of that Portfolio votes to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by a majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement or (b) all the portfolios of the Trust. If any required shareholder approval of this Agreement or any continuance of the Agreement is not obtained, the Subadviser will continue to act as investment subadviser with respect to such Portfolio pending the required approval of the Agreement or its continuance or of a new contract with the Subadviser or a different adviser or subadviser or other definitive action; provided, that the compensation received by the Subadviser in respect of such Portfolio during such period is in compliance with Rule 15a-4 under the Investment Company Act. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees of the Trust, by the vote of a majority of the outstanding voting securities of the Trust, or with respect to any Portfolio by the vote of a majority of the outstanding voting securities of such Portfolio, on sixty days' written notice to the Adviser and the Subadviser, or by the Adviser or Subadviser on sixty days' written notice to the Trust and the other party. This Agreement will automatically terminate, without the payment of any penalty, in the event of its assignment (as defined in the Investment Company Act) or in the event the Advisory Agreement between the Adviser and the Trust terminates for any reason.

  • Modification and Termination No agreement to modify, amend, extend, supersede, terminate, or discharge this Settlement Agreement, or any portion thereof, is valid or enforceable unless it is in writing and signed by all Parties to this Settlement Agreement.

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.

  • Term and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) by an affirmative vote of a majority of the outstanding voting shares of the Fund. This Agreement shall remain in full force and effect continuously thereafter, except as follows:

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