Purposes of the Trust Sample Clauses

Purposes of the Trust. The exclusive purposes and functions of the Trust are (a) to issue and sell the Notes and the Trust Beneficial Interest, (b) to use the proceeds of the sale of the Notes and the Trust Beneficial Interest to acquire one or more Funding Agreements, (c) to pay amounts due in respect of the Notes and the Trust Beneficial Interest, (d) to enter into the agreements and to take such actions as the Delaware Trustee has the power and authority to take pursuant to Section 6.01, as applicable, and (e) to engage in those activities necessary, advisable or incidental thereto (such as registering the transfer of the Trust Securities).
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Purposes of the Trust. The exclusive purposes and functions of the Trust are, and the Trust shall have the power and authority, to:
Purposes of the Trust. The Trust is and shall constitute an irrevocable trust created pursuant to the provisions of section 302(c) of the Labor Management Relations Act, 1947, as amended, for the benefit of Employees and Beneficiaries to provide death benefits, accidental death and dismemberment benefits, accident and health insurance, hospital benefits and such other benefits as the Trustees shall determine in their discretion, subject to the provisions of applicable law, to Employees and Beneficiaries who meet the requirements to receive such benefits as established by the Trustees. The Trustees, within their discretion, shall provide the maximum amount of benefits that can be provided by the Trust, taking into consideration reasonable reserves and actuarial methods and assumptions that, in the aggregate are reasonable, and taking into account the experience of the each Benefit Plan and reasonable expected experience. The Trustees have the authority to increase or decrease benefits that in their judgment can best be procured and purchased with the moneys in the Trust and to amend each Benefit Plans accordingly. The parties intend that benefits provided under each Benefit Plan are limited to those that can be financed from the assets held for each Benefit Plan in the Trust. It is expressly understood and agreed that the Union, Local Union, Employers and Trustees have no liability for the furnishing of any specific type or amount of benefit, except as otherwise expressly provided in any Collective Bargaining Agreement.
Purposes of the Trust. Section 2.1 The purposes of this Trust are (i) to hold the assets transferred to it by Leucadia on behalf of the Beneficiaries and collect income derived from such assets, (ii) to close the transaction contemplated by the Purchase Agreement, (iii) to take such other action as is necessary to conserve and protect the Trust Property, and (iv) to liquidate and distribute the Trust Property.
Purposes of the Trust. The general purpose of the Trust is the acquisition or construction of real estate properties in Mexico destined for lease, the acquisition of the right to obtain income from the lease of such real estate properties, as well as to grant financing for such purposes secured by the respective leased real estate properties, in each case directly or through trusts (including, without limitation, through the Investment Trusts), in accordance with Articles 187 and 188 of the LISR and other applicable tax provisions; provided, that in order to comply with such general purpose, the Trustee shall, through the powers of attorney granted to the Manager or in accordance with the written instructions received from the Manager; (i) carry out Issuances in accordance with the terms of this Agreement, (ii) receive and apply the Issuance Proceeds derived from each Issuance pursuant to the terms of this Agreement, including for the payment of Trust Expenses, (iii) make Investments pursuant to Article IX, (iv) acquire, maintain and divest the rights and assets that comprise the Trust Estate and distribute and manage the Issuance Proceeds derived from each Issuance in the Trust Accounts, (v) make Distributions pursuant to Section 12.1, (vi) engage in any such other activities as the Manager deems necessary, advisable, convenient or additional to the foregoing, and (vii) carry out any other lawful acts or activities consistent with the foregoing (the “Purposes of the Trust”). In connection with the Purposes of the Trust, the Trustee shall:
Purposes of the Trust. The exclusive purposes and functions of the Trust are (a) to issue and sell the Notes and the Trust Beneficial Interest, (b) to use the proceeds of the sale of the Notes and the Trust Beneficial Interest to acquire the Funding Agreement, (c) to collaterally assign and grant a security interest in the Funding Agreement in favor of the Indenture Trustee, (d) to acquire the Guarantee and to collaterally assign and grant a security interest in the Guarantee in favor of the Indenture Trustee, (e) to pay amounts due in respect of the Notes and the Trust Beneficial Interest, (f) to enter into the agreements and to take such actions as the Trustee has the power and authority to take pursuant to Section 6.01, as applicable, and (g) to engage in those activities necessary, advisable or incidental thereto (such as registering the transfer of the Trust Securities).
Purposes of the Trust. The purposes of the Trust that Parties hereto agree and determine for the compliance by Trustee (the “Purposes”), are:
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Purposes of the Trust. The Trust shall be for the purpose of receiving, holding, investing, reinvesting and disbursing, for the benefit of the Participants in connection with assets held in the Trust Fund, the monies or property contributed to or otherwise received by the Trustee, in accordance with the provisions of this Agreement. The Trust shall consist of all reserves or monies comprising assets that may include any insurance policy assigned by Employer to the Trust, as well as any and all contributions further described under Article III below, and all cash, securities, property, and assets of whatever kind and nature, owned, held or otherwise acquired by the Trustee pursuant to the Trust, and all earnings thereon. To the extent of any assets held within the Trust Fund, no part of the principal or income of the Trust held within the Trust Fund shall be paid, or revert, to Employer, or be used in any manner other than for the exclusive benefit of the Participants in connection with the payment of OPEB obligations, including applicable fees and expenses, of Employer under the terms of the Plan, as determined by the Plan Administrator or unless provided for under Article X below. Accordingly, the Trust holds only bare legal title to the Trust Fund, and neither the Trust nor Employer own or hold any equitable interest in the Trust Fund.
Purposes of the Trust. 4.1 The Trustees shall hold the Granville Lake Mitigation Trust Fund in trust and shall administer it for the benefit of the Members, including the Granville Lake Resource Users.
Purposes of the Trust. The purposes of the Trust include, but are not limited to, the following:
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