Trust Acquisition definition

Trust Acquisition means the acquisition by the United States of title to the Property in trust for the benefit of the Tribe pursuant to the Section 1405(a) of the Restoration Act. “Trust Lands” mean lands other than the Property located within the geographic borders of the County and held by the federal government in trust for the benefit of the Tribe.
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Trust Acquisition means an acquisition by the Trust or a Subsidiary of the Trust or the redemption by the Trust of Trust Units which, by reducing the number of Trust Units outstanding, increases the proportionate number of Trust Units Beneficially Owned by any Person.
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Examples of Trust Acquisition in a sentence

  • The Agreement shall be subject to re-opening upon (i) changes in law affecting the exclusivity of Indian gaming in the Commonwealth prior to the Trust Acquisition Date, (ii) each thirtieth anniversary of the Agreement, and (iii) the occurrence of certain significant events that may occur after the Trust Acquisition Date, including, without limitation, jurisdictional issues, material changes in economic conditions, changes in applicable law, or changes in exclusivity within the Project’s primary market.

  • Without limiting the foregoing, the City agrees to support the acquisition of the Subject Property in trust for the Tribe for Gaming purposes and the proclamation thereof as part of the Tribe’s initial reservation, including, without limitation, by sending letters of support to the U.S. Department of the Interior in connection with the Trust Application, and to cause the Trust Acquisition Date to occur as soon as practicable following submission of the Trust Application.

  • Manager shall also establish the Trust Acquisition Account in accordance with Section 5.7.1 b.

  • Parent shall be given read-only access to the Trust Acquisition Account.

  • Parent shall be given read-only access to the Trust Deposit Account and the Trust Operating Account (and the Trust Acquisition Account, as described in Section 5.7.1 b.).

  • The issuance of the Trust Acquisition Shares to such ▇▇▇▇▇▇▇▇▇▇▇ Trust in accordance with the terms hereof will transfer to such ▇▇▇▇▇▇▇▇▇▇▇ Trust full legal and valid title thereto, free and clear of any liens, security interests, charges, pledges or encumbrances.

  • If, for any reason, the Trust Acquisition of the Property does not occur, then the Tribe may submit additional applications requesting the Secretary to acquire an alternative location into trust for the Tribe pursuant to Section 1405(a) of the Restoration Act until such time as the Trust Acquisition of an alternative location has occurred.

  • Once the Trust Acquisition has occurred, the Parties shall act in good faith and use their best efforts to seek and support an amendment to the Restoration Act eliminating mandatory authority over any future applications to take land into trust for the Tribe under the Restoration Act, such that no lands within the County other than the Property may be taken into trust for the Tribe under the Mandatory Provision.

  • The ▇▇▇▇▇▇▇▇▇▇▇ Trust acknowledges that the Trust Acquisition Shares shall constitute "restricted securities" as defined in Rule 144 under the 1933 Act.

  • Thus, once the Trust Acquisition has occurred, the Tribe shall not submit an application requesting that the Secretary have any other land within the County taken into trust for the Tribe for gaming purposes or otherwise attempt to engage in Gaming Activities on any Trust Lands within the County unless (i) the Parties agree otherwise; or (ii) the Tribe permanently ceases all Gaming Activities at the Property prior to commencing operations at the new casino.