TRUST TERM Sample Clauses

The TRUST TERM clause defines the duration for which a trust arrangement remains in effect. It specifies the start and end dates of the trust, or the conditions under which the trust will terminate, such as the occurrence of a specific event or the passage of a set period. For example, a trust might be set to last until a beneficiary reaches a certain age or for a fixed number of years. This clause is essential for providing certainty to all parties about how long the trust will operate, thereby preventing disputes and ensuring the trust is administered according to the intended timeline.
TRUST TERM. 2.1 This Trust begins on the date first indicated above, and ends on the date three (3) years following that date, unless earlier terminated by the beneficial owners of at least 60% of the Trust's shares of Stock or extended by the written agreement of the Trustees and all of the Stockholders.
View SourceView Similar (2)
TRUST TERM. Since the Rule against perpetuities or a perpetual trust limits how long a trust can last, the Trust, unless terminated sooner, shall terminate twenty years after the death of the last surviving Member of OLCN who is alive at the date this Agreement comes into effect.
View Source
TRUST TERM. The trust term shall expire at the end of the Maximum Duration for Trusts defined elsewhere in this Trust Agreement.
View Source
TRUST TERM. The Trustee shall hold the Trust Estate of the ▇▇▇▇- - Special Needs Trust as a single trust for the life of the Beneficiary.
View Source
TRUST TERM. The Trust Term begins with the date of the transfer of ---------- property to this trust and shall end five (5) years thereafter or, if earlier, upon the death of the survivor of the Initial Income Beneficiary and the death of the last Successor Income Beneficiary unless such Successor Income Beneficiary(ies) interests are revoked under Paragraph 2.2, herein referred to ------------- as the "Trust Term."
View Source

Related to TRUST TERM

  • Post-Termination Cooperation Following any termination of this Agreement, all Parties shall thereafter cooperate fully and work diligently in good faith to achieve an orderly resolution of all matters resulting from such termination.

  • Post Termination After the Employee has terminated their employment with the Employer, the Employee shall be bound to Section XII of this Agreement for a period of ☐ Months ☐ Years (“Confidentiality Term”). If the Confidentiality Term is beyond any limit set by local, State, or Federal laws, then the Confidentiality Term shall be the maximum allowed legal time-frame.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

  • Term of Company The Company commenced on the date the Certificate of Formation was properly filed with the Secretary of State of the State of Delaware and shall exist in perpetuity or until its business and affairs are earlier wound up following proper dissolution.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)