Common use of Initial Contribution Clause in Contracts

Initial Contribution. The Corporation, being the initial settlor, hereby transfers concurrent with the execution and delivery of this Agreement, the initial contribution set forth in Section 2.1 to the Voting Trustee for the purpose of settling the voting trust created by this Agreement.

Appears in 10 contracts

Samples: Trust Declaration and Voting Trust Agreement, Trust Declaration and Voting Trust Agreement, Trust Declaration and Voting Trust Agreement

AutoNDA by SimpleDocs

Initial Contribution. The CorporationCompany, being the initial settlor, hereby transfers concurrent with the execution and delivery of this Agreement, the initial contribution set forth in Section 2.1 of Cdn$1.00 to the Voting Trustee for the purpose of settling the voting trust created by this Agreement.

Appears in 1 contract

Samples: Trust Declaration and Voting Trust Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.