Separate Trust definition

Separate Trust means any separate trust created pursuant to Section 7.3 and administered in accordance with the terms of Section 7.12, for the exclusive benefit of any Beneficiary.

Separate Trust means each of the trusts constituted under the Trust Deed;

Separate Trust means each of the trusts, one for each Series and the Secured Property in respect of that Series, constituted under the Security Trust Deed and the relevant Security Deed;

Examples of Separate Trust in a sentence

• A proportion of the net taxable income (if any) of each Separate Trust created for each Series may be included in the assessable income of the relevant Investors on 30 June each year.

• Termination of a Separate Trust or the Security Trust Deed and removal and replacement of Security Trustee A Separate Trust is created under the Security Trust Deed for each Series.

• The Security Trustee will then hold a security interest in respect of the relevant Secured Property of that Series on trust for itself and each Investor (in proportion to the number of Units an Investor holds) on the terms of the Security Trust Deed until termination of the Separate Trust.

• Whether or not a Separate Trust will have net taxable income in a year of income will be dependent on whether the Hedge Security Deed is enforced by the Security Trustee.

• Additionally, the Security Trustee’s liability in respect of a Series and a Separate Trust is limited to and can be enforced against the Security Trustee only to the extent to which it can be satisfied out of any property held by the Security Trustee in respect of that Separate Trust out of which the Security Trustee is actually indemnified for the liability.

More Definitions of Separate Trust

Separate Trust means each of the trusts, one for each Underlying Entities’ Shares, constituted under this Deed.

Separate Trust means any separate trust created pursuant to Section 9.3 and administered in accordance with the terms of Section 9.11, for the exclusive benefit of any Beneficiary.

Separate Trust means each of the trusts, one for each Underlying Security and any Second Interest Amount constituted under the Trust Deed.

Separate Trust means each of the trusts, one for each Class in relation to the corresponding Parcel of Secured Property, constituted under the Security Trust Deed and the Deed of Charge;

Separate Trust means each of the trusts, one for each Series and Parcel of Secured Property, constituted under the Security Trust Deed and the relevant Deed of Charge;

Separate Trust means each of the trusts, one for each Underlying Entities’ Share, constituted under the Trust Deed.

Separate Trust shall have the meaning set forth in Section 11.3.