Down Trust definition

Down Trust shall have the meaning set forth in the Recitals to this Trust Agreement.
Sample 1Sample 2Sample 3
Down Trust has the meaning set forth in the Cover Page.
Sample 1Sample 2Sample 3
Down Trust shall have the meaning set forth in the preamble.
Sample 1

Examples of Down Trust in a sentence

  • The Plan Administrator shall not be, and is not, authorized to engage in any trade or business with respect to the Wind-Down Trust Assets, and shall engage only in activity reasonably necessary to, and consistent with, the liquidating purpose of the Wind- Down Trust.

  • The shares of the Up Trust are referred to as the Up MacroShares, and the shares of the Down Trust are referred to as the Down MacroShares (collectively, the ‘‘Shares’’).

  • The Up MacroShares and the Down MacroShares represent undivided beneficial interests in the Up Trust and the Down Trust, respectively.

  • The Up MacroShares and the Down MacroShares represent undivided beneficial interests in the Up Trust and the Down Trust, respectively.The assets of each Trust will consistof an income distribution agreement and settlement contracts entered into with the other Trust.

  • The Up Trust and the Down Trust intend to issue Up MacroShares and Down MacroShares, respectively, on a continuous basis at the direction of authorized participants.

  • The valuation ascribed to the Wind Down Trust Asses shall be used consistently by the Plan Administrator and the Beneficiaries for all federal income tax purposes.

  • After the Effective Date, to the extent not held in the Professional Fee Escrow Account, the amounts held by the Wind- Down Trust shall be held in the Wind-Down Trust Account.

  • In conjunction with the Open Home Foundation International1, Forgotten Voices International2 and Down Trust Community Care3, she directly worked with orphaned and vulnerable 1 Open Home Foundation International is a Christian NGO that was initiated in 1977 by Ewan and Gillian Laurenson from Wellington, New Zealand.

  • IN TESTIMONY HEREOF, the parties hereto have caused these presents to be executed in duplicate counterparts.

  • E8–26276 Filed 11–3–08; 8:45 am]BILLING CODE 8011–01–PShares’’) shares of the MacroShares$100 Oil Up Trust (‘‘Up Trust’’) and the MacroShares $100 Oil Down Trust (‘‘Down Trust’’, and, together with the Up Trust, the ‘‘Trusts’’).

Related to Down Trust

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Owner Trust means the trust created by this Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Class B Certificateholder The registered holder of a Class B Certificate.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Vehicle Trust Agreement means that certain amended and restated trust agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006 between BMW Manufacturing L.P., as grantor and initial beneficiary, and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.