In Trust is intended to refer strictly to the issue of ownership of the deposit materials and not to the level of care which must be taken by DSI in performing its duties under this Agreement. The duties of DSI are strictly contractual in nature and are as set out in this Agreement. It is not intended that DSI is to have the fiduciary duty of a trustee.
In Trust means any submission made on behalf of another legal entity or an entity to be created at a later date. Qualifications and proposals must be by existing legal entities with current identifiable and describable governance and ownership structures.
In Trust to be held as a deposit (the "Deposit"), and the balance, subject to adjustment, payable to the Vendor, or as it may direct, by cash or certified cheque on the completion of this Agreement. This transaction will be completed on the earlier of the 27th day of May, 2005 or fifteen (15) days after satisfaction of the condition set out in paragraph 2(b)(i) (the "Closing Date").
Examples of In Trust in a sentence
In: Trust Management: Second International Conference, iTrust 2004, Oxford, UK, March 29–April 1, 2004.
In: Trust Management: First International Conference, iTrust 2003, Heraklion, Crete, Greece, May 28–30, 2003.
Authorize the Canadian Transportation Agency to inspect its records and In Trust Bank Account (s) at any time.
Make withdrawals from the In Trust Bank Account(s) in respect to balance remaining only after the completion of the flight or tour.
Maintain separate records of all monies deposited with the Tour Operator/Charterer and maintained in the In Trust Bank Account(s) as specified in paragraph 1 above with all disbursements therefrom being supported by official statements of account and receipts for payments.
More Definitions of In Trust
In Trust to be held as a deposit (the "Deposit");
In Trust to secure the payment to Beneficiary of the principal of and interest on the Note at the maturity thereof and all other sums due hereunder or under the Note and the performance of all covenants and agreements herein and in the Note, whereupon this Deed shall cease and be void and the Mortgaged Property shall be released at the cost of Grantor.
In Trust to be held as a deposit (the "Deposit"), and an amount of SEVEN HUNDRED SEVENTY-FIVE THOUSAND CANADIAN DOLLARS (CDN $775,000), subject to adjustment, payable to the Vendor as it may direct by cash or certified cheque on the completion of this Agreement. This transaction will be completed on or before the 29th day of August, 2003 (the "Closing Date"). The balance of TWO MILLION FOUR HUNDRED THOUSAND CANADIAN DOLLARS (CDN $2,400,000), shall be payable to the Vendor in accordance with the mortgage terms contained in section 2 of this Agreement.
In Trust. GSI LUMONICS INC. By:/s/ Xxxx Xxxxx By:/s/ Xxxxxx X. Xxxxx ---------------------------- ------------------------------ Name: Xxxx Xxxxx Name: Xxxxxx X. Xxxxx Title: President Title: Vice President & CFO SCHEDULE "A" LEGAL DESCRIPTION OF THE PROPERTY PIN 04516-0012 and PIN 04516-0013 and PIN 04516-0036 ALL AS FURTHER DESCRIBED IN SCHEDULE B SCHEDULE "B" MORTGAGE TERMS AND CONDITIONS
In Trust. OR "AS AGENT"
In Trust. By: \s\ Xxxx Xxxxx -------------- Name: Xxxx Xxxxx Title: President GSI LUMONICS INC. By: \s\ Xxxxxx X. Xxxxx -------------------- Name: Xxxxxx X. Xxxxx Title: Vice President & CFO