Collective Trust definition

Collective Trust means a trust organized under the laws of Texas identified as a “Collective Trust” on Schedule 1.01A hereto, as such schedule may be updated from time to time upon written notice by the Borrower to the Lender and approval in writing by the Lender.
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Collective Trust means any group, pooled, common, commingled or collective trust fund maintained by a bank, trust company or broker-dealer, in which assets of employee benefit plans subject to ERISA and the Code may be invested. The trustees of such Collective Trust shall become trustees of the allocable share of the Trust Fund assets transferred and deposited with such Collective Trust, and shall have sole and exclusive authority and discretion to manage and control (including the power to invest and reinvest) such Collective Trust assets. The Board shall not be liable for any act or omission of any trustee of a Collective Trust, or be under any obligation to invest or otherwise manage any assets of the Trust Fund that have been transferred thereto. The provisions of the agreement establishing such Collective Trust shall be deemed to be incorporated by reference into this Agreement (to the extent that the provisions thereof are not inconsistent with the terms of this Agreement or violative of ERISA, the Code or other applicable law).
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Collective Trust means any group, pooled, common, commingled or collective trust fund maintained by a bank, trust company or broker-dealer, in which assets of employee benefit plans subject to ERISA and the Code may be invested. The trustees of such Collective Trust shall become trustees of the allocable share of the Trust Fund assets transferred and deposited with such Collective Trust, and shall have sole and exclusive authority and discretion to manage and control (including the power to invest and reinvest) such Collective Trust assets. The Board shall not be liable for any act or omission of any trustee or other fiduciary of a Collective Trust, or be under any obligation to invest or otherwise manage any assets of the Trust Fund that have been transferred thereto. The provisions of the agreement establishing such Collective Trust shall be deemed to be incorporated by reference into this Agreement (to the extent that the provisions thereof are not inconsistent with the terms of this Agreement or violative of ERISA, the Code or other applicable law).
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Examples of Collective Trust in a sentence

  • The financial goals of the Supplemental Annuity Collective Trust are to ensure that current Trust assets are sufficient to provide for all future annuity pay- ments.

  • Common Collective Trust Funds are valued at the NAV of units of a bank collective trust.

  • The Trustee shall not have any interest in the Collective Trust other than in its fiduciary capacity.

  • If because of a creditor relationship the Trustee acquires an interest in Participation in the Collective Trust, the Participation shall be withdrawn on the first date on which such withdrawal can be effected.

  • Supplemental Annuity Collective Trust (SACT)The Supplemental Annuity Collective Trust of New Jersey (SACT) is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan.

  • To be considered eligible, the employee must normally work 20 hours or more per week.The ACTS Program is separate from and in addition to the basic pension benefit, the Supplemental Annuity Collective Trust (SACT) Fund and the Deferred Compensation Plan.

  • The Plan’s mutual funds are valued at the net asset value (“NAV”) of shares held by the Plan at year end.Common Collective Trust Funds.

  • The researched organisation is a large complex multinational engineering company (TFIS) that operates in a number of worldwide geographical regions.

  • Under such circumstances, the senior officer may be prosecuted for a parallel offence to that brought against the primary perpetrator.

  • The Business Trust Division also acts as a trustee for a group of Collective Trust Funds (CTFs).


More Definitions of Collective Trust

Collective Trust means the collective trust established pursuant to this Declaration of Trust, which shall be known as the “Invesco Stable Asset Trust”.
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Collective Trust. 3.4 "General Declaration of Trust" 3.4 "Description" 3.1 "Foreign Entity" 4.4 "Fund" 3.1 "Valuation Date" 5.2 "Units" 5.1
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Collective Trust means a trust organized under the laws of Texas identified as a “Collective Trust” on S chedule 1.01A hereto, as such schedule may be updated from time to time upon written notice by the Borrower to the Lender and approval in writing by the Lender.
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Related to Collective Trust

  • Administrative Trustees shall have the meaning set forth in the Trust Agreement.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Owner Trust means the trust created by this Agreement.

  • Definitive Trust Certificates shall have the meaning set forth in Section 3.10.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • the Trust means the Trust hereby established and which shall be called the Law Society Public Purposes Trust Fund;

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Outside Trustee With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

  • SUBI Trust Agreement means the Vehicle Trust Agreement as supplemented by that certain supplement, dated as of September 23, 2010, among the parties to the Vehicle Trust Agreement, as amended or supplemented from time to time.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Delaware Trustee means the Person identified as the “Delaware Trustee” in the preamble to this Trust Agreement, solely in its capacity as Delaware Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as herein provided.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Securities Custodian means the custodian with respect to a Global Security (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.

  • Negative trend means, with respect to a life or health insurer or fraternal benefit society, negative trend over a period of time as determined in accordance with the trend test calculation included in the life or fraternal risk based capital instructions.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).