Affiliated Trust definition

Affiliated Trust means any investment vehicle that is sponsored by the Sponsor and has an investment methodology similar to that of the Trust.
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Affiliated Trust means any entity established by a Key Holder solely for bona fide estate planning purposes for the benefit of the Key Holder or the Key Holder’s spouse, child (natural or adopted) or any other direct lineal descendant of Key Holder (or his or her spouse), provided that the Key Holder retains control over the right to vote, dispose of or otherwise exercise any of the Key Holder’s rights with respect to the Registrable Securities.
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Examples of Affiliated Trust in a sentence

  • Notwithstanding any transfer of Shares to an Affiliated Trust, the transferor shall remain liable for the performance of all obligations of transferor under this Agreement.

  • A Major Stockholder who is a Key Holder shall be entitled to exercise its right of first offer hereunder, except that such right may only be exercised by the Key Holder and not by any Affiliate thereof (other than an Affiliated Trust).

  • All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate, provided, however, that in the case of the Key Holders such rights may be exercised only by such Key Holder and not an Affiliate thereof (other than an Affiliated Trust).