PM Trust definition
Examples of PM Trust in a sentence
By approximately 3:00 P.M. Trust Company advises Company of results of Auction as provided in Section 6.9 (d) (ii) of Article VI of the By-Laws.
This Agreement has been duly and validly executed and delivered by the Company and assuming due execution and delivery by each of PM and the PM Trust, this Agreement constitutes a valid and binding agreement of the Company enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and similar Laws relating to or affecting creditors generally and by general equity principles.
The Company, on the one hand, and PM and/or the PM Trust, on the other hand, shall not raise any objections to the availability of the equitable remedy of specific performance to prevent or restrain breaches or threatened breaches of this Agreement by such party (or parties), and to specifically enforce the terms and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of such party (or parties) under this Agreement.
The Company, PM and the PM Trust will not voluntarily undertake any course of action inconsistent with satisfaction of the requirements applicable to them set forth in this Agreement and each will promptly do all such acts and take all such measures as may be appropriate to enable them to perform as early as practicable the obligations in this Agreement required to be performed by them.
Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Company (if approved by the Board of Directors of the Company), PM and the PM Trust; provided, however, that any provision of this Agreement may be waived by any waiving party on such party’s own behalf, without the consent of any other party.
Between 9:30 A.M. and 12:30 P.M. Trust Company assembles information communicated to it by Broker-Dealers as provided in Section 6.9 (c) of Article VI of the By-Laws.
Except as expressly set forth in Section 1.1, nothing in this Agreement shall limit the right of PM or the PM Trust to vote (or cause to be voted), any Common Shares other than the Excess Shares held by the PM Trust.
After 1:00 P.M. Trust Company makes determinations pursuant to Section 6.9 (d) (i) of Article VI of the By-Laws.
Not earlier than 12:30 P.M. Trust Company makes determinations pursuant to Section 6.9(d)(i) of Article VI of the By-Laws.
To disburse funds from the PM Trust Account for the payment of general expenses, debt service, fixed amount Owner withdrawal, property taxes and insurance in a reasonable fashion as funds are available.