Existing Trust definition
Examples of Existing Trust in a sentence
Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with AFC, the Seller, the Issuer, AmeriCredit, the Servicer, the Existing Trust, the Administrative Agent, the Trust Collateral Agent, the Backup Servicer, or the Trustee as though such Agent were not an agent hereunder.
The MDTA determined to finance the construction of the Seagirt Marine Terminal (the “Seagirt Marine Terminal”), which by Resolution, the MDTA designated as a General Account Project within the meaning of the Existing Trust Agreement, and to pay such costs from available funds of the MDTA.
The Existing Trustee and the Existing Trust Company shall remain entitled to its Retained Rights and shall remain bound to perform its Retained Obligations, as if it had remained the ‘Trustee’ or the ‘Trust Company’, as applicable, under the GATS Trust Instrument.
The Acquired Fund agrees that the liquidation and dissolution of the Acquired Fund will be effected in the manner provided in the Agreement and Declaration of Trust of the Existing Trust in accordance with applicable law and that, after the Exchange Date, the Acquired Fund shall not conduct any business except in connection with its liquidation and dissolution.
The Existing Trust Indemnified Parties will notify the New Trust and the Acquiring Fund in writing within ten days after the receipt by any one or more of the Existing Trust Indemnified Parties of any notice of legal process or any suit brought against or claim made against such Trust Indemnified Party as to any matters covered by this Section 12(b).
This Second Supplemental Trust Deed is supplemental to the Trust Deed dated 3rd April, 2002 (hereinafter called the Principal Trust Deed) and the First Supplemental Trust Deed dated 15th April, 2003 (the First Supplemental Trust Deed and, together with the Principal Trust Deed, the Existing Trust Deed) each made between the Issuer, the Guarantor and the Trustee relating to the U.S.$1,500,000,000 Medium Term Note Programme (the Programme) established by the Issuer.
The Existing Trust is qualified as a foreign association in every jurisdiction where required, except to the extent that failure to so qualify would not have a material adverse effect on the Existing Trust or the Acquired Fund.
The Issuer is the lawful owner of, and has good title to, the Collateral Notes, the Existing Trust Residual Interest and, until the Residual Interest Release Date, the Residual Interests – Owned free and clear of any Liens.
All references to the Trust Agreement in each of the Existing Trust Agreements, any Trust Certificate or in any other document executed or delivered in connection therewith, shall, from the date hereof, be deemed a reference to the relevant Trust Agreement as amended hereby, unless the context requires otherwise.
Each of the Acquired Fund and the Acquiring Fund represents that there is no person who has dealt with it or the Existing Trust or the New Trust, respectively, who, by reason of such dealings, is entitled to any broker's or finder's or other similar fee or commission payable by either the Existing Trust or the New Trust arising out of the transactions contemplated by this Agreement.