Trustor definition

Trustor has the meaning specified in the first sentence of this Agreement.

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Trustor means a borrower under a deed of trust, who deeds property to a trustee as security for the payment of a debt.

Trustor means an individual who creates an inter vivos or a testamentary trust.

Examples of Trustor in a sentence

• The above, on the understanding that if tax authorities may consider that Trust is of entrepreneurial nature, Trustor must maintain Trustee harmless from any tax liability, Trustor assuming performance with any and all tax and/or treasury obligations before pertinent authorities.

• The Parties to the Trust are: Trustor: Corporacion Inmobiliaria Vesta, S.A.B. de C.V., by Opening Contribution made hereby to the Trust Estate in accordance with Clause Two, as well as Securities or funds contributed to the Trust Estate from time to time for the attainment of Trust Purposes.

• Trustee does not assume and is hereby discharged from any liability or obligation, whether expressed or implied, regarding the authenticity, ownership or legitimacy of the Trust Estate, same that is under exclusive charge of Trustor.

• Should Trustee be required to pay any dues, Taxes, penalty or fine of administrative nature, Trustee may pay them charged against the Trust Estate, except in cases when these are directly paid by Trustor.

More Definitions of Trustor

Trustor means the institution designated as such in the Trust Agreement and its permitted successors.

Trustor means a person, including a testator, who creates, or contributes property to, a trust.

Trustor means (i) with respect to the First Trust Agreement, VWFSJ and (ii) with respect to the Second Trust Agreement, MHSC.

Trustor or “Participant” means a person who participates in the Fund under a Trust Agreement.

Trustor has the meaning specified in the Trust Agreement.

Trustor means a person, including a testator, who creates,

Trustor means all trustors of this trust, whether one or more. The Trustors are married and parents of the following living children: The Beneficiaries of the Trust during the lifetime of the Trustors is the Trustors. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor.