Sub-Trust definition

Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

Sub-Trust. Shall have the meaning specified in Section 3.01 of the Trust Agreement and include either Sub-Trust 1 or Sub-Trust 2, each of which constitute a separate interest in the Trust Estate pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

Sub-Trust or "Series" refers to a series of Shares established and designated under or in accordance with the provisions of Article IV;

Examples of Sub-Trust in a sentence

• The Recipient shall: (a) carry out the Project, or cause it to be carried out in accordance with the Project Operations Manual for the Sub-Trust; and (b) except as the Association shall otherwise agree in writing, not assign, amend, abrogate, or waive, or permit to be assigned, amended, abrogated, or waived, the Project Operations Manual for the Sub-Trust or any provision thereof in a way that, in the opinion of the Association, might materially and adversely affect the implementation of the Project.

• The Recipient, through its Ministry of Finance, shall cause PMRC to adopt the Project Operations Manual for the Sub-Trust, acceptable to the Association.

• To this end, the Recipient shall carry out Part 2(c) of the Project and cause the operation of the Sub-Trust to be carried out by the Project Implementing Entity in accordance with the provisions of Article V of the General Conditions, Schedule 2 to this Agreement and the Project Agreement.

• In the event of a conflict between the provisions of the Project Operations Manual for the Sub-Trust and those of this Agreement, the latter shall govern.

More Definitions of Sub-Trust

Sub-Trust has the meaning set forth above in the Preamble.

Sub-Trust means any of the sub-trusts of the Titling Trust established by the Titling Trustee as directed by the UTI Beneficiary from time to time, and to which the Titling Trustee will allocate Titling Trust Assets identified by the UTI Beneficiary, having the name and beneficiaries designated by the UTI Beneficiary and being a separate series of the Titling Trust pursuant to Section 3806(b)(2) of the Delaware Act.

Sub-Trust has the meaning set forth in Section 3.01(b).

Sub-Trust means the Sub-Trust formed pursuant to this Agreement.

Sub-Trust or an "ESOT Sub Trust", which Sub Trusts shall include a "JLW Australasia ESOT Sub Trust," a "JLW Asia ESOT Sub Trust," a "JLW England ESOT Sub Trust," a "JLW Scotland ESOT Sub Trust" and the "JLW Ireland ESOT Sub Trust"), which Sub Trusts shall be controlled by one or more persons designated pursuant to the SCCA. Parent and Sellers' Representatives agree to cooperate in good faith to determine the additional requirements of the ESOT and to negotiate in good faith the satisfactory resolution of such requirements prior to Closing. The parties hereto agree that (i) 91,988 ESOT Shares (the "ESOT Escrow Shares") shall be included in the Escrow Shares and (ii) 108,895 ESOT Shares (the "ESOT Adjustment Shares") shall be included in the Adjustment Shares, in each case to be delivered to the Escrow Agent on behalf of the ESOT pursuant to Section 1.3 hereof and Section 1.3 of each of the Other Purchase Agreements.

Sub-Trust. Each of the Group I Sub-Trust, Group II Sub-Trust and Group III Sub-Trust.

Sub-Trust or “Series” refers to Series of Shares established and designated under or in accordance with the provisions of Article IV, each of which Series shall be a Sub-Trust of the Trust;