Trust Purpose definition

Trust Purpose means the Trust Purpose set out in clause 2.2; Trustee means the initial trustee specified in clause 13.1 or the trustee of the Trust appointed under clause 13.4 from time to time;

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Trust Purpose means the purpose set out in clause 3.5.

Trust Purpose shall have the meaning set forth in Section 2.3.

Examples of Trust Purpose in a sentence

In order to assist the Trustee to achieve long term sustainable and reliable levels of available funding to meet the Trust Purpose, the Trustee must have regard to the Annual Budget and the Trustee Expense Budget whenever the Trustee is considering the exercise of the Trustee’s powers under this clause 17.
The Trustee must use the Gift Account only for the Trust Purpose.
Trust Grants made in furtherance of the Trust Purpose shall be awarded at such times and as the result of applying such standards for qualifications and shall be held and enjoyed for such period and subject to such terms and conditions as shall from time to time be determined by policies and regulations established by the Board of Trustees.
Deductible Contribution a contribution of money or property as described in item 7 or item 8 of the table in section 30-15 of the ITAA 97 in relation to a fundraising event held for the Trust Purpose.
The Trustees shall preserve all monies, assets, property and investments in their hands as at the date of this Trust Deed and all monies after this date donated or otherwise transferred or conveyed to the Trust as capital funds in perpetuity as Trust Capital to produce Trust Income for furtherance of the Trust Purpose.
The Trustor shall have the right to request the People’s Court to cancel the disposition of the Trusted Property made by the Trustee if the Trustee fails to dispose of the Trusted Property appropriately or the Trustee fails to manage the Trusted Property in accordance with the Trust Purpose.
The Trustee shall not receive any compensation if the Trustee fails to manage the Trusted Property in accordance with this Agreement and the Trust Purpose, and the Trustee shall reimburse or compensate the Trustor for any and all losses and damages caused hereby within ninety (90) days upon the losses and damages incurred.
Should the Trustee fail to manage the Trusted Property in accordance with this Agreement and the Trust Purpose, the Trustee shall reimburse or compensate the Trustor for any and all losses and damages caused hereby.
The Trust Income of any fiscal year of the Trust which is not by Resolution of the Trustees added to Trust Capital shall for all time retain its character as Trust Income which may be used for expenditure in any future year for furtherance of the Trust Purpose.
The Strategic Plan is for the purpose of setting the long-term objectives of the Trust to advance the Trust Purpose, and providing recommendations on the Funding Guidelines, Investment Policy and administration of the Trust.

More Definitions of Trust Purpose

Trust Purpose means the purpose of the Onion Lake Education Trust set out in Clause 3 of this Trust Deed;

Trust Purpose means the object and purpose set out in clause 2.3;

Trust Purpose means to (x) hold the Trust Assets until liquidation, (y) liquidate (and convert to cash) the Lender Claim Trust Assets on behalf of, and for the benefit of, the Lender Claim Trust Beneficiaries, including without limitation, by pursuing, litigating and/or settling any claims and/or causes of actions constituting Lender Claim Trust Assets, or by assignment, disposition or otherwise, and

Trust Purpose means the purpose outlined in Clause 4.

Trust Purpose means to (x) hold the Trust Assets until liquidation, (y) liquidate (and convert to cash) the Corporate Claim Trust Assets on behalf of, and for the benefit of, the Corporate Claim Trust Beneficiaries, including without limitation, by pursuing, litigating and/or settling any claims and/or causes of actions constituting Corporate Claim Trust Assets, or by assignment, disposition or otherwise, and (z) distribute the Claim Proceeds for the benefit of the Corporate Claim Trust Beneficiaries, with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidating purposes of the Borrower, as such purpose may be amended, supplemented and/or modified from time to time in accordance with the Corporate Claim Trust Agreement (for the avoidance of doubt, any change of the trust purpose in the Corporate Claim Trust Agreement shall have the immediate effect of revising this definition without the need for any further action by the parties hereto or any amendment to this Agreement).