Term of the Trust. The Trust shall continue for a term ending on the later to occur of (a) the expiration of one (1) year from the date of the Trust; or (b) Payout of the contributed properties.
Term of the Trust. The term of the Trust shall commence on the date hereof and shall continue in full force and effect until no property of the Trust is held by the Trustees, and the Trustees shall have all the powers and discretions, expressed and implied, conferred upon them by law or by this Contract of Trust.
Term of the Trust. The term of this Agreement shall commence on the execution date of this Agreement and end on the Trust Termination Date.
Term of the Trust. This trust is irrevocable, for a term of 10 (years), from the date of its execution.
Term of the Trust. (a) The Trust hereby established is irrevocable and shall continue until the earlier to occur of:
Term of the Trust. 8.1 Upon receipt of proof that the conditions outlined in the Sale Agreement have been fulfilled, the Trustee shall deliver over to the PURCHASER the documents which have been held by her. The Trustee shall not, however, be obliged to make such delivery unless her fees and expenses have been paid by the parties or by one of them and that either a discharge of its obligations has been granted by the parties herein or, in the case where one of them refuses to grant discharge, the other parties shall have supplied sufficient warranty that the Trustee will be held harmless as regards any claims by the party which refuses to grant discharge.
Term of the Trust. This trust is irrevocable, for a term that will conclude on May 31st, 2013, date in which this Trust will be concluded. The Trust may be renewed by additional periods of 5 years, if the totality of the members of the Technical Committee agree so in writing and such amendment is formalized in accordance with article twenty-two of this document. In the event of termination of this Trust, the process mentioned on article fourth, paragraph k), shall be followed.
Term of the Trust. 1. This trust shall continue for a term of twenty-one (21) years following the death of the last survivor of and , at which time the then Trustees shall wind up its affairs, liquidate its assets and distribute the same among the holders of Units according to their respective holdings, provided, however, that if before the expiration of the term the holders of at least 80% of the Units then outstanding shall vote to terminate this trust, then the trust shall terminate at such time.
Term of the Trust. (a) Except as hereinafter provided, the Trust is irrevocable and shall continue and remain effective until (1) the Trust Assets have been fully distributed or expended in accordance with the terms and provisions of this Agreement and the Unclaimed Assets of the Trust have been disposed of in accordance with applicable law;
Term of the Trust. The term of this Trust shall be 30 (thirty) years, unless a longer term is permitted by law, in which case the term shall be that maximum permitted by law. Once the term permitted by law expires, the assets of the Trust may be transferred to a new trust having the same terms and conditions as set forth in this Trust Agreement. Notwithstanding the foregoing, the Trust may be terminated at any moment by recommendation from the Technical Committee acting upon the explicit direction of the MAXCOM Board of Directors given in compliance with Article 11 of the By-laws, provided the Trustee is given a 30-day prior notice. In any case, in order to extinguish the Trust the provisions of Article 228-T of the General Law of Negotiable Instruments and Credit Transactions shall be followed.
