Trust Creation Date definition
Examples of Trust Creation Date in a sentence
No Contracts may be added to the Underlying Trust after the Underlying Trust Creation Date.
On each Calculation Date, the Trustee shall prepare a balance sheet, profit and loss statement and other documents under the Laws for the period commencing on the next date of the initial Trust Creation Date or the immediately preceding Calculation Date and ending on the relevant Calculation Date (hereinafter "Calculation Period").
If the representations and warranties of each Settlor under Paragraphs 1 and 2 above are found to be false or inaccurate as of each Trust Creation Date on which a trust is created (including additional entrustment under Article 6 hereof) by the Settlor hereunder, and the Trustee or the Trust Assets incur Damages after the Date of this Agreement or the relevant Trust Creation Date for this reason, the Settlor shall immediately compensate for such Damages.
If the representations and warranties of the Trustee under the preceding Paragraph are found to be false or inaccurate as of the Date of this Agreement or each Trust Creation Date, and the Settlor, Beneficiaries or Trust Assets incur any Damages after the Date of this Agreement or such Trust Creation Date for this reason, the Trustee shall immediately compensate for such Damages.
The Settlor shall entrust the Palladium Bullion to the Trustee on the initial Trust Creation Date after indicating the Standard Purity Mass of the Standard Palladium Bullion to be entrusted, and the Trustee shall accept such entrustment.
Each Trustee severally represents and warrants to the Issuer and the Settlors that the following are true and accurate as of the Date of this Agreement and each Trust Creation Date.
The Trustees shall prepare a balance sheet, profit and loss statement and other documents stipulated in laws on each Calculation Date, for each period commencing on the Initial Trust Creation Date or the next date of the immediately preceding Calculation Date and ending on the relevant Calculation Date (the “Calculation Period”).
If it is found that the representations and warranties made by a Settlor under the preceding two (2) Paragraphs are false or inaccurate as of the Date of this Agreement or each Trust Creation Date on which a trust is created hereunder by such Settlor and the Trustees (including for the accounts of Trustees’ Own Assets and the Entrusted Assets) incur Damages on or after the Date of this Agreement or the Trust Creation Date for this reason, such Settlor shall immediately compensate for such Damages.
The Settlor shall entrust the Silver Bullion to the Trustee on the initial Trust Creation Date after indicating the Standard Purity Mass of the Standard Silver Bullion to be entrusted, and the Trustee shall accept such entrustment.
Each Settlor severally represents and warrants to the Trustees and the Issuer that the following are true and accurate as of the Date of this Agreement and each Trust Creation Date on which a trust is created hereunder by such Settlor (hereinafter the same shall apply from this Article to Article 6).