Family Trust Sample Clauses

Family Trust. Family Trust shall mean, with respect to any individual, any trust created for the benefit of such individual or one or more of such individual’s Related Persons.
Family Trust. A trust for the benefit of LKS or SSC or for the benefit of a spouse or lineal descendant (whether natural or legally adopted) of either LKS or SSC (a “Family Trust”); or
Family Trust. The Trustee shall set aside a pecuniary amount which will impose a tax under Code Section 2001 which is equal to the unified credit available to my estate, which pecuniary amount shall then be reduced by the sum of:
Family Trust. The Paisley Family Trust, Imperial Capital Limited, a corporation organized under the laws of the Province of Ontario ("ICL"), Cold Trust, Global Investment Trust, Freezer Trust, Storage Trust, Directory Trust and Publisher Trust; (ii) the closing of the acquisition by Parent or a subsidiary of Parent of all of the outstanding capital stock of Big Stuff, Inc. ("BIG STUFF") (Web and Big Stuff are sometimes collectively referred to as "WORLDPAGES") whether by merger, exchange or otherwise; (iii) the redemption of the promissory notes (collectively, the "GREAT WESTERN NOTES") in the aggregate original principal amount of Fifteen Million Dollars ($15,000,000.00) (plus accrued but unpaid interest at the time of redemption) owed by Parent to X'Xxxx and certain other former shareholders of Great Western Directories, Inc. (collectively, the "GREAT WESTERN SHAREHOLDERS") by the issuance of Parent Common Stock to the Great Western Shareholders; and (iv) the satisfaction of the other conditions to closing set forth in this Restated Agreement, the Restated Company Agreement and the Restated Big Stuff Agreement.
Family Trust. The Paisley Family Trust and the Barbadian Trusts and no other corporate or other proceedings on the part of Company, any Subsidiary, the ICL Principals, ICL or any Shareholder are necessary to authorize the execution and delivery of this Agreement and the Company Transaction Agreements or to consummate the transactions contemplated hereby or thereby, except for the concurrence of the Subordinated Lenders. This Agreement has been duly and validly executed and delivered by Company, the ICL Principals, the Barbadian Trusts and ICL, as attorney-in-fact for the Shareholders not signing this Agreement, and constitutes, and upon execution and delivery thereof as contemplated by this Agreement, the Company Transaction Agreements will constitute, the legal, valid and binding agreements of Company, the ICL Principals and the Shareholders, enforceable against Company, the ICL Principals and the Shareholders in accordance with its and their respective terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by principles of equity regarding the availability of remedies (COLLECTIVELY, THE "ENFORCEABILITY EXCEPTIONS"). The Powers of Attorney are in full force and effect and ICL has full authority under the Powers of Attorney to execute this Agreement and the Company Transaction Agreements as attorney-in-fact for the Shareholders not signing this Agreement, to bind such Shareholders to the obligations of the Shareholders set forth in this Agreement and the Company Transaction Agreements, and to transfer the Company Common Shares to Newco II as contemplated by this Agreement.
Family Trust. The trustees of the Family Trust may transfer Shares to the beneficiaries entitled to them under the provisions of the Family Trust.
Family Trust. A trust comes into being through an agreement between the founder and the trustees. Assets are to the trust and a loan account (debt) is created, or assets can be donated, but with donation tax implications.
Family Trust. Property that is to be held as the Family Trust shall be held under this Article and all references to "Family Trust" shall be to the trusts held under this Article.
Family Trust. A certified copy of the fully executed original of the amended and restated Family Trust, in form and substance reasonably satisfactory to the Investor Companies to establish the ownership and relationships among the Family Shareholders consistent with the structure previously described to the Investor Companies and including all provisions of the Shareholders' Agreement necessary therein to give effect to the Shareholders' Agreement.