Unitrust definition

Unitrust means a trust for which net income is a unitrust amount. The term includes an express unitrust.
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Unitrust means a trust for which net income is a unitrust amount.
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Unitrust means a trust, the terms of which require or permit distribution of a unitrust amount, without regard to whether the trust has been converted to a unitrust in accordance with this section or whether the trust is established by express terms of the governing instrument.
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Examples of Unitrust in a sentence

  • Any default or breach in the performance of any covenant, obligation, representation, warranty or provision contained in this Letter Loan Agreement or in the Note or in any other note or obligation of Borrower to the Unitrust.

  • M.G. "▇▇▇" ▇▇▇▇▇▇▇▇▇, individually and as trustee of each of the ▇▇▇▇▇▇▇▇▇ Charitable Remainder Unitrust, u/t/a dated January 22, 1990 (the "PR Charitable Trust"), the ▇▇▇▇▇▇ ▇.

  • At any time while there is Indebtedness outstanding under the Note, the Trustees of the Unitrust may request, and the Borrower agrees to grant to the Unitrust, a Lien on its Interests, and in such event the Borrower will immediately furnish such Assignments, Transfer Orders, Security Agreements or other documents as the Trustees may require in order to secure the Indebtedness.

  • No amount other than a Unitrust Amount shall be paid to or for the use of any person other than an organization described in each of Section 170(b)(1)(A), Section 170(c), Section 2055(a) and Section 2522(a) (hereafter 'qualified exempt' organizations).

  • In addition, the Trustee as of the end of each taxable year of the trust and as of any other date the Trustee deems beneficial, shall keep the said Unitrust Recipient or his duly authorized representative, informed of the contents of such reports by accurate written statements.


More Definitions of Unitrust

Unitrust means a trust, the terms of which require or permit distribution of a unitrust
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Unitrust means a trust the terms of which require distribution of a unitrust amount.
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Unitrust means a trust the terms of which
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Unitrust means both a trust converted into a unitrust KRS 386.454 and a trust initially established as a unitrust. Unless inconsistent with the terms of the trust or will, KRS 386.454(2)[(3)](f), (g), (h), (i), and (m) apply to the unitrust initially so established.
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Unitrust. THE ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ AND ▇▇ ▇▇▇▇▇ 1988 CHARITABLE UNITRUST By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, Trustee By /s/ ▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇, Trustee “NOMINEE” MCELMO DOME NOMINEE, LLC, an Oklahoma limited liability company By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, Member By: ▇▇▇▇▇▇▇▇▇ FAMILY L.L.C., Member By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Manager
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Unitrust means both a trust converted into a unitrust under Section 2 of this Act and a trust initially established as a unitrust. Unless inconsistent with the terms of the trust or will, paragraphs (f), (g), (h), (i), and (m) of subsection (3) of Section 2 of this Act apply to the unitrust initially so established.
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Unitrust means a trust, the terms of which require or permit distribution of a unitrust amount, without regard to whether the trust has been converted to a unitrust in
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