OBJECTS OF THE TRUST Sample Clauses

OBJECTS OF THE TRUST. 3.1. The objects for which the Foundation is established are:
Sample 1
AutoNDA by SimpleDocs
OBJECTS OF THE TRUST. Definitions & Interpretation
Sample 1
OBJECTS OF THE TRUST. 3.1 The object and the purpose of the Trust shall be to implement the scheme as contemplated in this Trust Deed, being to -
Sample 1
OBJECTS OF THE TRUST. The object of the present Trust is the creation of an autonomous estate destined to insure the first and second Trustees, of the performance of the obligations and rights resulting from the present agreement, according to the following: A).- That the Trustee keeps the fiduciary property, and possession of all the shares pledged in Trust for the purpose of transferring to the First Trustee, or to the individual or corporation designated by the First Trustee, once GOLDEN PANTHER LTD., has covered and paid the total value of said shares i.e. the sum of US$ 14'000,000.00 (FOURTEEN MILLION DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA) in favor of the Trustors, through the Trustee, in proportion to their participation percentages in MINERA HUMAYA, S.A. DE C.V., according to the following payment schedule: 1.- February 28, 1998; the sum of US$750,000.00 (SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 2.- May 28, 1998, the sum of US$750,000.00 (SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 3.- August 28, 1998, the sum of US$750,000.00 (SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 4.- November 28, 1998; the sum of US$4'750,000.00 (FOUR MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 5.- The _____ day of _____________, 199__ the sum of US$1'750,000.00 (ONE MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 6.- May 28, 1999; the sum of US$1'750,000.00 (ONE MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 7.- August 28, 1999; the sum of US$1'750,000.00 (ONE MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). 8.- November 28, 1999; the sum of US$1'750,000.00 (ONE MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS 00/100 LEGAL CURRENCY OF THE UNITED STATES OF AMERICA). The signatory parties of the present instrument accept, and agree that the Trustor of the money, also the First Trustee, may pay in advance the total amount established in the present clause, making such payments through the Trustee. The trustee shall deliver such payments to the Trustors of the shares in proportion to their percentages of share participation in MINERA HUMAYA S.A. DE C.V. It is understood that total advance ...
Sample 1
OBJECTS OF THE TRUST. 4.1 The Principal Objects of the Trust are to:
Sample 1

Related to OBJECTS OF THE TRUST

  • Rights of the Trustee (A) The Trustee may conclusively rely on any document that it believes to be genuine and signed or presented by the proper Person, and the Trustee need not investigate any fact or matter stated in such document.

  • Certain Rights of the Trustee In furtherance of and subject to the Trust Indenture Act of 1939, and subject to Section 5.01:

  • Covenants of the Trust The Trust covenants and agrees to the following:

  • Individual Rights of the Trustee The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or an Affiliate of the Issuer with the same rights it would have if it were not Trustee. Any Paying Agent, Transfer Agent and Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections 11.9 and 11.11.

  • REPRESENTATIONS OF THE TRUST The Trust certifies to Ultimus that: (1) as of the close of business on the Effective Date, each Portfolio that is in existence as of the Effective Date has authorized unlimited shares, and (2) this Agreement has been duly authorized by the Trust and, when executed and delivered by the Trust, will constitute a legal, valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.

  • Expenses of the Trust Other than as provided for in Sections 1 and 3, the Trust shall be responsible for all of its own fees, expenses, charges, assessments, taxes, and other costs incurred in its operations, whether incurred directly by the Trust or incurred by the Manager on behalf of the Trust (together, “fees and expenses”). Such fees and expenses payable by the Trust shall include, but are not limited to:

  • Restrictions on Activities of the Trust Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Trust, so long as any Certificates are outstanding, the Trust shall not, and none of the Trustee, the Delaware Trustee, the Company or the Servicer shall knowingly cause the Trust to, do any of the following:

  • Obligations of the Trust This Agreement is executed by and on behalf of the Trust and the obligations of the Trust hereunder are not binding upon any of the trustees, officers or shareholders of the Trust individually but are binding only upon the Trust and with respect to the Funds to which such obligations pertain.

  • Management of the Trust The business and affairs of the Trust shall be managed by or under the direction of the Trustees, and they shall have all powers necessary or desirable to carry out that responsibility. The Trustees may execute all instruments and take all action they deem necessary or desirable to promote the interests of the Trust. Any determination made by the Trustees in good faith as to what is in the interests of the Trust shall be conclusive. In construing the provisions of this Declaration, the presumption shall be in favor of a grant of power to the Trustees.

  • Duties of the Trust The Trust shall provide the Manager with the following information about the Fund:

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