Original trust definition
Original trust means the trust from which principal is being distributed; and
Original trust means a trust established under an irrevocable trust instrument pursuant to the terms of which a trustee has discretionary power to distribute principal or income of the trust to or for the benefit of one (1) or more current beneficiaries of the trust; and
Original trust has the meaning assigned in the Recitals.
Examples of Original trust in a sentence
Developer represents and warrants that all assignments (if any) of the right to Refund to a third party has been presented to the Utilities Commission, and the Developer has not assigned the right to the Refund to a third party without the approval of such assignment by the Utilities Commission.
More Definitions of Original trust
Original trust has the meaning set forth in the recitals to the Trust Agreement.
Original trust means a trust created by an irrevocable inter vivos or testamentary trust instrument pursuant to the terms of which a trustee has a discretionary power to distribute principal or income of the trust to or for the benefit of one or more current beneficiaries.
Original trust. Agreement The Trust Agreement, dated as of January 22, 2002, between the Owner Trustee and the Depositor. Outstanding With respect to the Notes, as of the date of determination, all Notes theretofore executed, authenticated and delivered under this Indenture except