Other Trusts Sample Clauses
The 'Other Trusts' clause defines how the existence of additional trusts, apart from the primary trust referenced in the agreement, is to be treated under the contract. Typically, this clause clarifies whether the rights, obligations, or assets of other trusts are affected by the terms of the current agreement, or if the agreement is intended to apply solely to the specified trust. For example, it may state that the agreement does not impact any other trusts established by the settlor or related parties. The core function of this clause is to prevent confusion or unintended legal consequences by clearly delineating the scope of the agreement in relation to other trusts.
Other Trusts. Each Beneficiary will be absolutely beneficially entitled to Trust Property specified in any Supplement as being the Other Trust Property of such Beneficiary.
Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any Supplement shall be held on such terms for such Beneficiary, in accordance with the entitlements described in Clause 4.1(e) (Other Trusts) of this Deed (each an "Other Trust") and all Trust Property held on an Other Trust shall hereinafter be referred to as "Other Trust Property". The Undivided Bare Trust, the Ineligibles Bare Trust, the Deferred Payment Bare Trust, the Segregated Bare Trusts and any Other Trusts shall hereinafter be collectively referred to as the "Receivables Trust". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the other Relevant Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 5 (Trust Register and Additional Beneficiaries).
Other Trusts. All Trust Property which is expressly segregated by the Receivables Trustee for the benefit of any other Beneficiary according to the terms of any Supplement shall be held on such terms for such Beneficiary (each an "OTHER TRUST") and all Trust Property held on an Other Trust shall hereinafter be referred to as "OTHER TRUST PROPERTY". The Undivided Bare Trust, the Ineligibles Bare Trusts, the Segregated Bare Trusts, and any Other Trusts shall hereinafter be collectively referred to as the "RECEIVABLES TRUST". The Receivables Trustee shall hold the Trust Property for the purpose of receiving amounts arising therefrom and transferring and distributing such amounts in accordance with the provisions hereof for the benefit of the Beneficiaries as such provisions may be amended, supplemented or varied from time to time in the manner provided herein. The Beneficiaries acknowledge that any other duties of the Receivables Trustee as set out herein and in any of the Relevant Documents shall be incidental and ancillary to the foregoing and to the granting of interests by the Receivables Trustee to the Beneficiaries in the manner provided in Clause 4.
Other Trusts. Nothing herein contained shall be construed so as to prevent the Manager and the Trustee from acting, in conjunction or separately, as the manager or trustee of trusts separate and distinct from the Trust and neither of them shall in any way be liable to account to the Holders or any other person for any profit or benefit made or derived hereby or in connection therewith.
Other Trusts. 34.1 Nothing herein contained shall be construed to prevent the Manager and the Trustee in conjunction or the Manager or the Trustee separately from establishing or acting as Manager or Trustee for trusts separate and distinct from the Trust.
34.2 Nothing in this Trust Deed shall prevent the Trustee or any Associate of the Trustee from acting as trustee, custodian, nominee or in any other capacity whatsoever for any other person on such terms as the Trustee or such Associate may arrange and the Trustee shall not be deemed to be affected with notice of or to be under any duty to disclose to the Manager any fact or thing which may come to its knowledge or that of any of its Associates or of any of their servants or agents in the course of so doing.
Other Trusts. Nothing in this Trust Agreement shall prevent the establishment of other trusts under the Plan.
Other Trusts. Subject to the REIT Code and any conditions on the Manager’s licence to manage the Trust, nothing herein contained shall be construed so as to prevent the Manager and the Trustee in conjunction or the Manager or the Trustee separately from acting as the manager or trustee of trusts separate and distinct from the Trust and neither of them shall in anyway be liable to account to the Holders or any other person for any profit or benefit made or derived hereby or in connection therewith.
Other Trusts. Each other trust which is a party to the Subscription Agreement has been duly and validly formed and has all requisite legal right, power and authority to own shares of Common Stock.
Other Trusts