Deposit of Trust Shares Sample Clauses

Deposit of Trust Shares. 3 2.1 Issuance of Trust Shares.............................. 3 2.2 Trustee Owner of Trust Shares......................... 3 2.3 Costs and Expenses of the Trustee and Custodian....... 3 2.4
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Deposit of Trust Shares. In the event of any dispute by or among some or all of the parties to this Voting Trust Agreement, which may result in conflicting instructions being given to Trustee, or in the event that the Trustee is uncertain how to interpret the instructions which may be received, or the parties hereto shall fail to properly instruct Trustee, then and in either of such events, Trustee may refuse to follow any instructions received and may interplead as a stakeholder in any Arizona court of competent jurisdiction within Maricopa County, Arizona, and may deposit with the Clerk of such court each and all of the certificates representing Trust Shares which have been entrusted to Trustee, and upon making such deposit, Trustee shall be relieved of all responsibilities or duties hereunder, or in the event Trustee is joined in any action by any person to a law suit commenced in which any of the parties hereto may be a plaintiff or defendant, or concerning the property entrusted to Trustee, then in that event, Trustee may likewise deposit into court whatever may be in his possession belonging to the parties hereto and such action shall relieve Trustee of any further or other responsibilities or duties hereunder; and further provided that the parties hereto shall be jointly and severally liable for all Trustee's fees or attorney's fees and court costs in connection therewith, and all such monies owed to the Trustee shall bear interest at the rate of twelve percent (12%) per annum from the date incurred until paid.
Deposit of Trust Shares 

Related to Deposit of Trust Shares

  • Sale of Trust Shares 1.1 TRUST agrees to make available to the Separate Accounts of LIFE COMPANY shares of the selected Portfolios as listed in Appendix B for investment of proceeds from Variable Contracts allocated to the designated Separate Accounts, such shares to be offered as provided in TRUST's Prospectus.

  • DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.

  • Execution and Delivery of Trust Securities Certificates At the Time of Delivery, the Administrative Trustees shall cause Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, to be executed on behalf of the Issuer Trust and delivered to or upon the written order of the Depositor, executed by one authorized officer thereof, without further corporate action by the Depositor, in authorized denominations.

  • Investment of Trust Assets The Trustee shall engage the Investment Manager to invest and reinvest the principal and income of the Trust Assets in those investments that are reasonably calculated to preserve the principal value, taking into account the need for the safety and liquidity of principal as may be required to fund Eligible Mitigation Actions and Trust Administration Costs.

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