Irrevocable Trust Created Sample Clauses

Irrevocable Trust Created. The deposit of moneys or other property hereunder in the Escrow Deposit Trust Fund shall constitute an irrevocable deposit of said moneys and other property hereunder for the benefit of the holders of the Refunded Certificates, subject to the provisions of this Agreement. The holders of the Refunded Certificates shall, subject to the provisions of this Agreement, have an express lien on all moneys and other property in the Escrow Deposit Trust Fund. The moneys deposited in the Escrow Deposit Trust Fund and other property hereunder and the interest thereon shall be held in trust by the Escrow Agent, and shall be transferred in the necessary amounts as hereinafter set forth for the payment of the unpaid Basic Lease Payments represented by, and the Prepayment Price of the Refunded Certificates, as the same become due and payable on each Payment Date therefor, or by prepayments, as specifically set forth in Schedule C hereto.
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Irrevocable Trust Created. The deposit of moneys for the Escrow Requirement and Escrowed Securities in the Escrow Deposit Trust Fund shall constitute an irrevocable deposit of such moneys and Escrowed Securities for the benefit of the holders of the Refunded 2006 Bank Bonds, except as provided herein with respect to amendments permitted under Section 4.01 hereof. The holders of the Refunded 2006 Bank Bonds shall have an express lien on all moneys and principal of and earnings on the Escrowed Securities deposited in the Escrow Deposit Trust Fund until applied in accordance with this Agreement. The matured principal of the Escrowed Securities and the interest thereon shall be held in trust by the Escrow Agent, and shall be transferred in the necessary amounts as hereinafter set forth in Section 2.05 hereof to the 2006 Trustee for the Refunded 2006 Bank Bonds for the payment of interest and principal on the Refunded 2006 Bank Bonds as the same becomes due and payable and to the payment of the principal outstanding of the Callable 2006 Bank Bonds on the Callable 2006 Bank Bonds Redemption Date.
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Irrevocable Trust Created. The deposit of moneys and Government Obligations or other property hereunder in the Escrow Deposit Trust Fund shall constitute an irrevocable deposit of said moneys and Government Obligations and other property hereunder for the benefit of the holders of the Refunded Certificates, subject to the provisions of this Agreement. The holders of the Refunded Certificates shall, subject to the provisions of this Agreement, have an express lien on all moneys and principal of and earnings on the Government Obligations and other property in the Escrow Deposit Trust Fund. The moneys deposited in the Escrow Deposit Trust Fund and the matured principal of the Government Obligations and other property hereunder and the interest thereon shall be held in trust by the Escrow Agent, and shall be transferred in the necessary amounts as hereinafter set forth, for the payment of the principal and interest portions represented by, and the Prepayment Price of, the Refunded Certificates, as the same become due and payable on each Payment Date therefor, or by prepayment, as specifically set forth in Schedule C hereto.
Sample 1
Irrevocable Trust Created. The deposit of moneys and Defeasance Obligations or other property in the Escrow Deposit Trust Account shall constitute an irrevocable deposit of said moneys and Defeasance Obligations and other property for the sole benefit of the Holders of the Defeased Bonds, subject to the provisions of this Agreement. The Holders of the Defeased Bonds, subject to the provisions of this Agreement, shall have an express lien on all moneys and principal of (but not investment income or earnings received on) the Defeasance Obligations and other property in the Escrow Deposit Trust Account. The moneys deposited in the Escrow Deposit Trust Account and the matured principal of the Defeasance Obligations and other property shall be held in trust by the Escrow Agent, and shall be transferred in the necessary amounts to the paying agent for the Defeased Bonds for the payment when due of the interest on and the Redemption Price of the Defeased Bonds, as more specifically set forth in Schedule C hereto. For purposes of clarification, the Trust Estate and lien created hereby does not include or extend to any investment income or earnings received on the Defeasance Obligations. Upon the receipt of any investment income or earnings on the Defeasance Obligations held to the credit of the Escrow Deposit Trust Account, such investment income or earnings shall be immediately released from this Agreement and transferred to the Issuer free and clear of the lien and pledge of this Agreement.
Sample 1
Irrevocable Trust Created. The deposit of funds and Government Obligations in the Escrow Fund shall constitute an irrevocable deposit of such funds and Government Obligations and any income therefrom for the benefit of the holders of the Restructured Debt Obligations, except as provided herein with respect to amendments permitted under Section 4.01. The holders of the Restructured Debt Obligations shall have an express lien on all funds and principal of and earnings on the Government Obligations deposited in the Escrow Fund until applied in accordance with this Escrow Agreement. Such funds and the Government Obligations and the interest thereon shall be held in trust by the Escrow Agent for the payment of the principal of, premium, if any, and interest on the Restructured Debt Obligations as the same become due and payable, whether at maturity or upon the redemption thereof.
Sample 1
Irrevocable Trust Created. The deposit of monies and Federal Securities or other property hereunder in the Escrow Fund shall constitute an irrevocable deposit of said monies and Federal Securities and other property hereunder for the benefit of the Prior Bondholders, subject to the provisions of this Agreement. The Prior Bondholders shall, subject to the provisions of this Agreement, have an express lien on all monies and principal of and earnings on the Federal Securities and other property in the Escrow Fund. The monies deposited in the Escrow Fund and the matured principal of the Federal Securities and other property hereunder and the interest thereon shall be held in trust by the Escrow Agent, and shall be transferred by the Escrow Agent in the necessary amounts as hereinafter set forth to or on behalf of the Finance Director of the Town, as paying agent for the Refunded Bonds (in such capacity, the “Paying Agent”), for the payment of the redemption price of and interest on the Refunded Bonds as the same become due and payable, as more specifically set forth in Exhibit C.
Sample 1
Irrevocable Trust Created. The deposit of moneys and Escrowed Securities in the Escrow Fund shall constitute an irrevocable deposit of such moneys and Escrowed Securities for the benefit of the holders of the Defeased Bonds, except as provided herein with respect to amendments permitted under Section 4.1 hereof. The holders of the Defeased Bonds shall have an express lien on all moneys and principal of and earnings on the Escrowed Securities deposited in the Escrow Fund until applied in accordance with this Escrow Agreement. The matured principal of the Escrowed Securities and the interest thereon shall be held in trust by the Escrow Agent for the payment of the principal of and interest on the Defeased Bonds as the same become due and payable under the Loan Agreement.
Sample 1
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Related to Irrevocable Trust Created

  • The Trust World Omni acknowledges and agrees that (a) WOAR will, pursuant to the Sale and Servicing Agreement, sell the Receivables to the Trust and assign its rights under this Agreement to the Trust and (b) the Trust will, pursuant to the Indenture, grant the Receivables and its rights under this Agreement and the Sale and Servicing Agreement to the Indenture Trustee on behalf of the Noteholders. World Omni hereby consents to all such sales and assignments and agrees that the Trust or, if pursuant to the Indenture, the Indenture Trustee, may exercise the rights of WOAR and enforce the obligations of World Omni hereunder directly and without the consent of WOAR.

  • Irrevocable Transfer Agent Instructions The Company shall issue irrevocable instructions to its transfer agent, and any subsequent transfer agent, in the form of Exhibit E attached hereto (the “Irrevocable Transfer Agent Instructions”). The Company represents and warrants that no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section 4.1(d) (or instructions that are consistent therewith) will be given by the Company to its transfer agent in connection with this Agreement, and that the Securities shall otherwise be freely transferable on the books and records of the Company as and to the extent provided in this Agreement and the other Transaction Documents and applicable law. The Company acknowledges that a breach by it of its obligations under this Section 4.1(d) will cause irreparable harm to a Purchaser. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Section 4.1(d) will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Section 4.1(d), that a Purchaser shall be entitled, in addition to all other available remedies, to an order and/or injunction restraining any breach and requiring immediate issuance and transfer, without the necessity of showing economic loss and without any bond or other security being required.

  • Agreement and Declaration of Trust and Principal Office 1.1 Principal Office of the Trust. A principal office of the Trust shall be located in New York, New York. The Trust may have other principal offices within or without Massachusetts as the Trustees may determine or as they may authorize.

  • Certificate of Trust The certificate of trust of the Issuing Entity substantially in the form of Exhibit B to the Trust Agreement filed for the Issuing Entity pursuant to Section 3810(a) of the Statutory Trust Act.

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