Trust Deed definition
Examples of Trust Deed in a sentence
Unless expressly provided to the contrary in this Trust Deed, a person who is not a party of this Trust Deed (save and except the Trustee, the Settlor, the Board, the Authorized Person and the Participants) has no right under the Contracts (Rights of Third Parties) Ordinance (Cap.
However, any rights and obligations of the Transferor Lender in its capacity as Agent or Security Trustee will have to be dealt with separately in accordance with the Agency and Trust Deed.
The parties hereto establish, by the execution of this Trust Deed, and by the adoption by the Settlor of the Plan Rules (as defined and in its present form, as set out in Schedule 2 herein), an employees’ share award scheme, for the purposes of facilitating the acquisition (by way of purchase, subscription, acceptance as gift, assignment, conveyance or transfer) and holding of the Shares (as defined below) for the benefit of the Participants (as defined below).
To the extent that any clause or clauses of this Trust Deed are unenforceable they shall be deemed to be deleted from this Trust Deed, and any such deletion shall not affect the enforceability of this Trust Deed as remain not so deleted.
The Trustee may, in its discretion, accept from the Settlor, any Parent, any Subsidiary, or any other persons designated in writing by the Authorized Person, any additions to the Trust Fund (whether by way of further settlement, contribution, transfer, payment, assignment, credit or otherwise) to be held by the Trustee according to the terms and conditions set out in this Trust Deed.