Trust Amendment definition
Examples of Trust Amendment in a sentence
At the Closing, the Company shall, and the Trust shall cause the Trustees to, enter into the Amendment to the Trust Agreement in the form attached as Exhibit B hereto (the "Trust Amendment") whereupon the Trust Agreement shall be amended as set forth in the Trust Amendment, and shall thereafter continue in full force and effect as so amended.
The Trustees have all requisite power and authority to execute and deliver the Trust Amendment.
The Company further confirms that, in order to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, funds held in the Trust Account, including any interest thereon, will not be used to pay for any excise tax liabilities with respect to any future redemptions prior to or in connection with the Trust Amendment Proposal, an Initial Business Combination or liquidation of the Company.
Bergen shall use its best efforts to cause the Trustee to execute the Trust Amendment as soon as possible after the date of this Agreement.
The Forbearing Creditor acknowledges and agrees that no default interest under the Credit Agreement will accrue or be paid during the Forbearance Period, provided, further, that PREPA’s obligations pursuant to this Section 1(d) shall be subject to the occurrence of the Trust Amendment Effective Date (as defined below).
The trustees of the Company, at a meeting duly called and held, at which all trustees were present, have duly and unanimously adopted resolutions approving this Agreement, the Trust Amendment and the Merger, determining that the terms of the Merger are fair to, and in the best interests of the Company's shareholders and recommending that the Company's shareholders approve and adopt this Agreement, the Trust Amendment and the Merger.
Bass, does hereby certify that he/she is the duly elected, ▇▇▇▇▇▇▇▇▇ ▇▇d acting Assistant Corporate Secretary of BellSouth Corporation ("BellSouth") and further certifies that the person whose signature appears above is a duly elected, qualified and acting officer of BellSouth with full power and authority to execute this Trust Amendment on behalf of BellSouth and to take such other actions and execute such other documents as may be necessary to effectuate this Trust Amendment.
If you initiate a transaction without presenting your Card (such as for a mail order, internet or telephone purchase or an ACH debit), the legal effect will be the same as if you used the Card itself.
The Company has all corporate power and authority to execute and deliver this Agreement, the Amended Supplemental Agreement, the Trust Amendment, the Stockholders' Agreement, the Escrow Agreement and the TM Exchange Agreement, and to consummate the transactions contemplated hereby and thereby.
Except for the Trust Amendment, the Company shall not, and shall not permit any of its subsidiaries to, amend or propose to amend its Declaration of Trust or articles of incorporation or bylaws (or similar organizational documents).