Perpetuity Date definition

Perpetuity Date means the date that is 21 years, less one day, from the date of the death of the last survivor of the individuals described in clause (i) or subclause (ii)(a), (b), (c), (d) or (e) of the definition of “Member of the Rogers Family”, who are living at the date of this Indenture.
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Perpetuity Date means the date that is 21 years, less one day, from the date of the death of the last survivor of the individuals described in subclause (i)(a), (b),
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Perpetuity Date means the date that is 21 years after the death of the last survivor of the descendants of Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland living on the date of the creation of the Trust;"
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Examples of Perpetuity Date in a sentence

  • Moreover, even if the “unrealised capital gains” were not income, they couldbe distributed as capital under clause 5(a), which gave the Trustee a discretion to apply capital in favour of any eligible beneficiary at any time before the Perpetuity Date.

  • This Trust shall terminate and vest absolutely on the Perpetuity Date and notwithstanding anything to the contrary expressed or implied in this Deed all powers and dispositions made by or pursuant to or contained in this Deed which but for this provision could or might vest take effect or be exercisable after the Perpetuity Date shall vest and take effect and be exercisable only until the Perpetuity Date.

  • The Trustee may in its absolute discretion at any times prior to the Perpetuity Date distribute pay or apply any part or parts of the Trust Fund (but not the whole of the Trust Fund) to or for the benefit of the Unitholders proportionately in accordance with their Unit holdings.

  • The Trustee may at any time prior to the Perpetuity Date pay or apply the whole or any part of the Trust Fund to or for the benefit of all or any one or more exclusively of the others of the Discretionary Beneficiaries then living or in existence and in such proportions or manner as the Trustee shall think fit.

  • Subject to a Special Resolution of Unitholders the Trustee may at any time appoint a date earlier than the last day of the Perpetuity Period to be the Perpetuity Date then that earlier date shall for all purposes be the Perpetuity Date.

  • This Trust shall terminate and vest absolutely on the Perpetuity Date and notwithstanding anything to the contrary expressed or implied in this Deed all powers and dispositions made by or pursuant to or contained in this Deed which but for this provision could or might vest take effect or be exercisable after the Perpetuity Date are hereby expressly declared to vest and take effect and be exercisable only until the Perpetuity Date.

  • Junk bonds –an idea first developed by financier Michael Milken– served as the financial backbone of the PE industry.

  • The Trustees may declare in writing at any time before the Perpetuity Date but with the prior written consent of the Settlor during his lifetime that any person who is, would or might be a Beneficiary shall be wholly or partially excluded from benefit hereunder or shall cease to be a Beneficiary or shall be an Excluded Person and any such declaration shall have effect from the date of the said Declaration.

  • Upon the first to occur of (1) the death of the Beneficiary for whose primary benefit such Dynasty Trust is established, or (2) the Perpetuity Date, such Dynasty Trust shall terminate.

  • If at a meeting of Unitholders a Special Resolution is passed that the Trust hereby constituted shall be terminated at a date earlier than the last day of the Perpetuity Date then the Trustee shall terminate and vest the Trust on such earlier date which date shall for all purposes of this Deed be regarded as the Perpetuity Date.


More Definitions of Perpetuity Date

Perpetuity Date means the day that is the twentieth (20th) anniversary of the death of the last Beneficiary alive or existing on the date hereof to survive the Settlor;
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Perpetuity Date means the date that is 21 years less one day from the date of the death of the last survivor of the individuals described in item (a) or (b) of the definition of "Member of the Rogers Family" who are living at the date of this Agreement. SCHEDULE F EXTRACTS FROM RWI CREDIT AGREEMENT [see reference in Section 1.1.70] [SEE ATTACHED] EXTRACT FROM 1997 CREDIT AGREEMENT
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Related to Perpetuity Date

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Limitation Date means the first of March 20, June 20, September 20 or December 20 in any year to occur on or immediately following the date that is one of the following numbers of years after the Restructuring Date: 2.5 years (the "2.5-year Limitation Date"), 5 years, 7.5 years, 10 years (the "10- year Limitation Date"), 12.5 years, 15 years, or 20 years, as applicable. Limitation Dates shall not be subject to adjustment in accordance with any Business Day Convention.

  • Formation Date has the meaning set forth in the Recitals hereof.

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Dissolution Date means, as the case may be:

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Initial Term has the meaning set forth in Section 7.1.

  • Agreement Termination Date is defined in Section 7.4.

  • Employment Date means the first date as of which an Employee is credited with an Hour of Service, provided that, in the case of a Break in Service, the Employment Date shall be the first date thereafter as of which an Employee is credited with an Hour of Service.

  • Agreement Effective Period means, with respect to a Party, the period from the Agreement Effective Date to the Termination Date applicable to that Party.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Window Period means the 3 consecutive calendar month period prior to the Scheduled Maturity Date.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.