Establishment of Trusts Sample Clauses

Establishment of Trusts. (a) Within 30 days of approval of the Trust Deeds under clause 22.5, the Corporate Trustee must execute Trust Deeds to establish each of the following Trusts:
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Establishment of Trusts. (a) Within 30 Business Days of approval of the Trust Deeds under clause 20.5 the Regional Trustee must execute Trust Deeds to establish each of the following Trusts:
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Establishment of Trusts. 5.1 Trusts
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Establishment of Trusts. Persons desiring to establish a trust under this Agreement shall enter into a "Joinder Agreement" with Trustor. Each Joinder Agreement shall (a) incorporate the provisions of this Third−Party OSNT by reference, designate the person with disabilities for whom supplemental financial assistance shall be provided during his or her lifetime (the "Beneficiary"), (c) designate one or more persons or organizations ("Remainder Beneficiaries") to receive the trust assets remaining at the death of the Beneficiary, and (d) designate the shares or portions of the remaining trust assets distributable to each Remainder Beneficiary. Joinder Agreements may also contain such additional binding and nonbinding provisions as Trustor may deem advisable under the circumstances, but no such other terms and conditions may alter the provisions of this Third− Party OSNT or the rights, duties, and responsibilities of Trustee.
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Establishment of Trusts. All Trust Assets received by the Trustee from time to time shall be held for and on behalf of the relevant Investor on trust for such Investor, to be paid and/or utilised in accordance with this Declaration of Trust. For the purposes of this clause, the Trustee is deemed to have received Trust Assets if the Trustee takes control of any Trust Assets or if the Trust Assets (being monies) are received by the Trustee into the Trustee’s bank account.
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Establishment of Trusts. Should a Borrower suffer unforeseen hardship and apply to the Trustee to vary the terms of the Loan contract pursuant to part 2 subpart 8 of the CCCFA, the Trustee may vary the said terms , in accordance with the provisions of the CCCFA, provided such variation would be agreed by a lender acting reasonably and responsibly.
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Establishment of Trusts. 5.1 Trusts 5.2 Trusts in respect of the Credit Facility 5.3 Rights of Pool Creditors other than the Ancillary Services Provider 5.4 Rights of Ancillary Services Provider 5.5 Trusts in respect of Pool Reserve Assets 5.6 Overdue amounts 5.7 Shortfall 5.8 Providing Members' rights to funds 5.9 Funds not to be withdrawn 5.10 Providing Members' rights to withdraw funds 5.11 Waiver of Providing Members' rights 5.12 Pool Reserve Assets 5.13 Providing Members' rights and interests in the Pool Reserve Account 5.14 Overpayments to be held on trust 5.15 Reimbursement of overpayments 5.16 Repayment of loans 5.17 No claim for breach of trust
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Establishment of Trusts. 5.1 Trusts: the Pool Funds Administrator shall hold all moneys deposited with or paid to it (other than Pool Reserve Assets) and such rights as may from time to time be vested in it with regard to payment by Pool Members (apart from fees owed or paid to it for its services in accordance with Schedule 15 and any amounts payable to it pursuant to that Schedule upon its removal as Pool Funds Administrator or the expiry or termination of its appointment as such) by and from each Pool Debtor or with regard to the provision of Security Cover by each Pool Member, including:-
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Related to Establishment of Trusts

  • Establishment of Trust In the event of a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) the Company shall, upon written request by Indemnitee, create a Trust for the benefit of the Indemnitee and from time to time upon written request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or amounts to be deposited in the Trust pursuant to the foregoing funding obligation shall be determined by the Independent Counsel. The terms of the Trust shall provide that (i) the Trust shall not be revoked or the principal thereof invaded without the written consent of the Indemnitee, (ii) the Trustee shall advance, within ten business days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The Trustee shall be chosen by the Indemnitee. Nothing in this Section 7 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the Trust shall be reported as income by the Company for federal, state, local, and foreign tax purposes. The Company shall pay all costs of establishing and maintaining the Trust and shall indemnify the Trustee against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust.

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Trust Account The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

  • Establishment of the Trust The Depositor does hereby establish, pursuant to the further provisions of this Agreement and the laws of the State of New York, an express trust to be known, for convenience, as “Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2” and does hereby appoint HSBC Bank USA, National Association as Trustee in accordance with the provisions of this Agreement.

  • Establishment of Plan The Company will maintain a Layoff Benefit Plan to provide for lump sum or income continuation benefits as set forth in this Article. Such Plan will apply to employees who are laid off with an effective date on or after October 7, 2012.

  • Establishment of Fund The Grantor and the Trustee hereby establish a trust fund (the Fund), for the benefit of the Agency. The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund is established initially as a standby to receive payments and shall not consist of any property. Payments made by the Grantor pursuant to the Agency’s instructions are transferred to the Trustee and referred to as the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST for the benefit of the Agency, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by the Agency.

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Creation of Trust The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the “Voting Matters”):

  • Establishment of Portfolios and Classes (a) The Trust shall consist of one or more separate and distinct Portfolios, each with an unlimited number of Shares unless otherwise specified. The Trustees hereby establish and designate the Portfolios listed on Schedule A attached hereto and made a part hereof ("Schedule A"). Each additional Portfolio shall be established by the adoption of one or more resolutions by the Trustees. Each such resolution is hereby incorporated herein by this reference and made a part of the Governing Instrument whether or not expressly stated in such resolution, and shall be effective upon the occurrence of both (i) the date stated therein (or, if no such date is stated, upon the date of such adoption) and (ii) the execution of an amendment either to this Agreement or to Schedule A hereto establishing and designating such additional Portfolio or Portfolios. The Shares of each Portfolio shall have the relative rights and preferences provided for herein and such rights and preferences as may be designated by the Trustees in any amendment or modification to the Trust's Governing Instrument. The Trust shall maintain separate and distinct records of each Portfolio and shall hold and account for the assets belonging thereto separately from the other Trust Property and the assets belonging to any other Portfolio. Each Share of a Portfolio shall represent an equal beneficial interest in the net assets belonging to that Portfolio, except to the extent of Class Expenses and other expenses separately allocated to Classes thereof (if any Classes have been established) as permitted herein.

  • Duration of Trust Unless terminated as provided herein, the Trust shall have perpetual existence.

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