CRAT definition

CRAT means The ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ 1996 Charitable Remainder Annuity Trust, a trust organized under the laws of the State of New York.
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Examples of CRAT in a sentence

  • Subject to the terms of the Intercreditor Agreement and the Wistron Intercreditor Agreement, any remaining proceeds of any such Financing allocated to the repayment of Funded Indebtedness of the Corporation shall first be applied to repayment of the Debentures prior to any repayment of the Existing Debentures or any other Funded Indebtedness of the Corporation, except for the CRAT Debenture, if still outstanding, and the Fund Debenture, if then outstanding.

  • In determining the grantor's charitable contribution, the remainder interest of a CRAT or CRUT (including a net income only CRUT (NICRUT) and net income CRUT with a make-up feature (NIMCRUT)) is computed on the basis that an amount equal to 5% of the net fair market value of its assets (or a greater amount, if required under the terms of the trust instrument) is to be distributed each year to the income beneficiary.

  • Phoenix, on behalf of the Lenders, shall have obtained and delivered to the Corporation the consent of the Existing Debenture Holders, the holder of CRAT Debenture and the holder of the Fund Debenture to the issuance of the Debentures and security granted in respect thereof and waiver of certain rights under the Existing Debentures.

  • When a grantor funds a charitable remainder annuity trust (CRAT) or a charitable remainder unitrust (CRUT), he generally may take an income tax charitable deduction equal to the present value of the charitable remainder interest of the trust determined on the date of the transfer (or, in the case of a testamentary transfer, on the date of the decedent's death or an alternate valuation date).

  • The CRAT shall have executed and delivered to Acquiror documentation on terms reasonably acceptable to Acquiror to cause the CRAT Equity Purchase to be consummated at the Closing without any further action by the CRAT or any Group Company.

  • Acquiror or its Affiliate (as Acquiror shall determine) agrees to acquire the 1% equity interest of Lender Performance Group I, LLC that is currently held by The LPGI Charitable Remainder Annuity Trust (the "CRAT") (the "CRAT Equity Purchase") at a purchase price of $10,000.

  • The donor names a Trustee to manage the trust and determines whether the payout will be: • Fixed o Charitable Remainder Annuity Trust (CRAT), or • Variable o Charitable Remainder Unitrust (CRUT) o Net Income Charitable Remainder Unitrust (NICRUT) o Net Income with Makeup Provision Charitable Remainder Unitrust (NIMCRUT) o Flip Charitable Remainder Unitrust (FLIPCRUT) Trusts can be set up during the donor’s lifetime or by will.

Related to CRAT

  • Grease means an organic substance recoverable by procedures set forth in Standard Methods and includes but is not limited to hydrocarbons, esters, fats, oils, waxes, and high molecular weight carboxylic acids.

  • HDPE means high density polyethylene;

  • glider means a non-power-driven heavier-than-air aircraft, deriving its lift in flight chiefly from aerodynamic reactions on surfaces, which remain fixed under given conditions of flight;

  • Crane means any self-propelled vehicle to which has been permanently mounted or attached any crane, whether or not such vehicle was originally a truck, tractor, or other type of motor vehicle or was designed and built as a complete crane unit. However, the word "crane," as herein defined, shall not be construed to mean any truck or other vehicle equipped with or to which has been affixed any device used for the purpose of providing a means for towing other vehicles.

  • JetBrains or “We” means JetBrains s.r.o., having its principal place of business at ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇/▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, registered in the Commercial Register maintained by the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇, ID. No.: 265 02 275.