Trust Asset definition

Trust Asset means any asset of any type owned by the Trust.

Trust Asset means any property or property right held by a trust department or trust company for the benefit of another.

Trust Asset has the meaning set forth in the Trust Agreement.

Examples of Trust Asset in a sentence

• The Trustee may commingle Trust Asset Distributions and interest earnings and other investment earnings with respect to two or more Trusts, and may commingle Trust Asset Distributions and interest earnings and other investment earnings with respect to any Trust with other proceeds and earnings held by the Trustee in trust, including assets of Other Xxxxxx Xxx Trusts, provided that the Trustee maintains or causes to be maintained records by which the separate interests of each Trust can be ascertained.

• If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related Trust.

• Each Account will continue to be owned by the related Account Owner and will not be a Trust Asset.

• On the Effective Date, and without having to obtain any further order of the Bankruptcy Court, the Trustee and/or the Trust are authorized to intervene or substitute as plaintiff, movant or additional party, as appropriate, in any Cause of Action where the subject matter of any such Cause of Action involves a Trust Asset.

• Nothing in this Agreement shall restrict any Signatory or Non-Signatory from Transferring any Trust Asset (or interest in a Trust Asset) to the Company for such consideration as may be agreed between the Company and such Signatory or Non-Signatory, including the Reduction of any Liability of such Signatory or Non-Signatory to the Company, whether or not under this Agreement.

More Definitions of Trust Asset

Trust Asset means any property or property right held by a licensee for the benefit of another.

Trust Asset means (i) any asset held in the Trust, and the value of such asset determined in accordance with GAAP, including Company Securities and instruments linked to the value of Company Securities, (ii) any right the Trust has to receive any asset in the future, including by the Trust being the (a) owner or beneficiary of any insurance policy or similar instrument or (b) beneficiary of a letter of credit, bank guaranty, surety bond or similar instrument, and (iii) any instrument by which the Trust may or will receive any of (i) and (ii) as the result of, or in connection with, a future event, including a Change in Control Event (as defined in the Deferred Compensation Plan).

Trust Asset means all assets of the Debtors’ Bankruptcy Estates on the Effective Date, including all Reserved Claims and other assets, less the amounts actually paid from the Distribution Funds plus the remaining assets, if any, in the Distribution Fund, but reserved for payment of a Disputed Claim, which distribution and reserves shall become Trust Assets and shall be transferred to the Trust when such distributions, if any, are returned and Section 6.10 of the Plan is applicable respecting such distributions or such reserves are no longer required because the Claim for which a reserve has been established has been disallowed by Final Order.

Trust Asset means Tribal Trust forestland, natural resources, Trust funds, or other assets held by the United States in Trust for Indian Tribes and individual Indians;

Trust Asset means the Trust Deposit in addition to any interest earned, profit made, dividend yield or other investment income that may be earned thereon.

Trust Asset means any property as specified in the trust agreement. This shall include all properties, fruits, debts, and liabilities arising from an administration of trust agreement, or as prescribed in this Act.

Trust Asset shall have the meaning specified in Section 2.01. -----------