Survivor’s Trust definition
Examples of Survivor’s Trust in a sentence
Promptly following the date hereof (i) the Survivor’s Trust agrees to return to the Company for cancellation the original Bridge Financing Notes held by the Survivor’s Trust and (ii) the Company shall issue to the Survivor’s Trust the Survivor’s Trust Bridge Conversion Shares.
Other than the Survivor’s Trust’s right to receive the Revolver Conversion Shares, the Survivor’s Trust hereby waives any and all demands, claims, suits, actions, causes of action, proceedings, assessments and rights in respect of the Revolver Notes, including, without limitation, any rights arising from any default or event of default under the Revolver Notes.
The Noteholder has no pre-existing agreement, arrangement or understanding, formal or informal, with any person to sell, distribute or transfer all or any part of such Revolver Conversion Shares, Survivor’s Trust Bridge Conversion Shares, or Marital Trust Bridge Conversion Shares, as applicable.
Other than the Survivor’s Trust’s right to receive the Survivor’s Trust Bridge Conversion Shares, the Survivor’s Trust hereby waives any and all demands, claims, suits, actions, causes of action, proceedings, assessments and rights in respect of the Bridge Financing Notes held by the Survivor’s Trust, including, without limitation, any rights arising from any default or event of default under the Bridge Financing Notes held by the Survivor’s Trust.
The parties hereto agree that upon such conversion of the Survivor’s Trust Bridge Outstanding Balance, all amounts owed under the Bridge Financing Notes held by the Survivor’s Trust shall be deemed paid in full, the Bridge Financing Notes held by the Survivor’s Trust shall be terminated and cancelled in full, and no party shall have any further obligations or commitments with respect thereto except as expressly provided for under this Agreement.
Landlord (as successor in interest to ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Trustee, or his Successor Trustee, UTA dated 7/20/77 (▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Survivor’s Trust), as amended, and ▇▇▇▇▇▇▇ ▇.
Effective immediately, the entire unpaid principal and accrued interest outstanding under the Bridge Financing Notes held by the Survivor’s Trust (the “Survivor’s Trust Bridge Outstanding Balance”) shall be automatically converted into an aggregate of 17.449,467 shares of Series A Preferred (the “Survivor’s Trust Bridge Conversion Shares”).
The ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Revocable Trust The Survivor’s Trust UTA dtd November 21, 2007 ▇▇▇▇▇▇▇ ▇.
Promptly following the date hereof (i) the Survivor’s Trust agrees to return to the Company for cancellation the original Revolver Notes held by the Survivor Trust and (ii) the Company shall issue to the Survivor’s Trust the Revolver Conversion Shares.
The balance of the trust estate of the Survivor’s Trust shall be allocated as follows: one equal share for each of our children who survives the Surviving Spouse and one equal share for each deceased child of ours who has issue who survive the Surviving Spouse.