Family Trusts definition

Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

Family Trusts means as regards any particular individual member or deceased or former individual member, trusts (whether arising under a settlement, declaration of trust or other instrument by whomsoever or wheresoever made or under a testamentary disposition or on an intestacy) under which no immediate beneficial interest in any of the shares in question is for the time being vested in any person other than the individual and/or Privileged Relations of that individual; and so that for this purpose a person shall be considered to be beneficially interested in a share if such share or the income thereof is liable to be transferred or paid or applied or appointed to or for the benefit of such person or any voting or other rights attaching thereto are exercisable by or as directed by such person pursuant to the terms of the relevant trusts or in consequence of an exercise of a power or discretion conferred thereby on any person or persons;

Family Trusts means, in respect of any individual, any trusts for the exclusive benefit of such individual, his or her spouse and lineal descendants.

Examples of Family Trusts in a sentence

• Plaintiff Hall-Atlas, LLC, is the lessee and agent of the Hall Family Trusts.

• Except as set forth in this Schedule 13D, Kevin McClatchy did not become a trustee of the CK McClatchy Trust or a co-trustee of the Family Trusts, and does not currently intend to exercise his duties as trustee or co-trustee, as applicable, for, the purpose of implementing any plans or proposals which relate to, or would result in, any of the actions specified in clauses (b) through (j) of Item 4 of Schedule 13D.

• Upon William Ellery McClatchy’s death, the Family Trust for the benefit of William Ellery McClatchy terminated and 3,125,000 shares of Class B Common Stock held by such Family Trust were distributed approximately equally among the three remaining Family Trusts.

• The Dondero Family Trusts raised separate concerns regarding: (a) whether HarbourVest had the right to effectuate the Transfer, and (b) the valuation methodology the Debtor used for the HCLOF interests.

• The HarbourVest Settlement was essentially a recission of the investment HarbourVest had made in HCLOF and also provided HarbourVest allowed, reduced claims against Highland in settlement of its alleged $300 million of damages.The HarbourVest Settlement Order was appealed by the Dondero Family Trusts, with notice of the appeal being filed in the Bankruptcy Court on February 5, 2021.

More Definitions of Family Trusts

Family Trusts means trust(s) under which no immediate beneficial interest in any of the shares in question is for the time being vested in any person other than a Shareholder who is an individual and/or Privileged Relations of that individual;

Family Trusts has the meaning set forth in the definition of “Immediate Family”.

Family Trusts with respect to any individual, any trusts, limited partnerships or other entities established for the primary benefit of, the executor or administrator of the estate of, or other legal representative of, such individual.

Family Trusts means the Harold C. Simmons Family Trust No. 1 and the Harold C. Simmons Family Trust No. 2, of which Lisa K. Simmons and Serena Simmons Connelly are co-trustees.

Family Trusts has the meaning specified therefor in Schedule P-1.

Family Trusts means, (a) with respect to any individual, trusts or other estate planning vehicles established for the benefit of such individual or Family Members of such individual and in respect of which such individual or a Family Member of such individual serves as trustee or in a similar capacity, (b) with respect to Xxxxxx X. Xxxxxxxxx, The Xxxxxx X. Xxxxxxxxx 2009 Annuity Trust, executed on September 14, 2009, by and among Xxxxxx X. Xxxxxxxxx, as the settler, and Xxx X. Xxxxxxxxxxxx, as the trustee, as in effect on November 5, 2009 in the form attached as Exhibit C to the First Amendment (the “Xxxxxx Xxxxxxxxx Trust Agreement”), and (c) with respect to M. Xxxxx Xxxxxxxxx, The M. Xxxxx Xxxxxxxxx 2009 Annuity Trust, executed on September 14, 2009, by and among M. Xxxxx Xxxxxxxxx, as the settler, and Xxx X. Xxxxxxxxxxxx, as the trustee, as in effect on November 5, 2009 in the form attached as Exhibit C to the First Amendment (the “Xxxxx Xxxxxxxxx Trust Agreement,”, and together with the Xxxxxx Xxxxxxxxx Trust Agreement, each a “Trust Agreement” and collectively, the “Trust Agreements”). EXHIBIT C THE XXXXXX X. XXXXXXXXX 2009 ANNUITY TRUST

Family Trusts. ’ means, with respect to any natural Person, a trust benefiting solely such Person or the Family Members of such Person. LLC Agreement, Section 2.1 ‘‘Definitions.’’