Trust Purpose definition

Trust Purpose means the Trust Purpose set out in clause 2.2; Trustee means the initial trustee specified in clause 13.1 or the trustee of the Trust appointed under clause 13.4 from time to time;
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Trust Purpose means the purpose set out in clause 3.5.
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Trust Purpose means to (x) hold the Trust Assets until liquidation, (y) liquidate (and convert to cash) the Lender Claim Trust Assets on behalf of, and for the benefit of, the Lender Claim Trust Beneficiaries, including without limitation, by pursuing, litigating and/or settling any claims and/or causes of actions constituting Lender Claim Trust Assets, or by assignment, disposition or otherwise, and
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Examples of Trust Purpose in a sentence

  • Any such instrument shall not require the approval of the Shareholders, but shall have the status of an amendment to this Declaration.1.2 Trust Purpose.

  • Any such instrument shall not require the approval of the Shareholders, but shall have the status of an amendment to this Declaration.1.2. Trust Purpose.

  • Trust Purpose The primary purpose of the Trust is to maximize the QHC Litigation Trust Assets to the greatest extent possible for the benefit of the Trust beneficiaries.

  • The exclusive purposes and functions of the Payment Trust (each, a "Payment Trust Purpose") are holding the Commitment Amount and distributing the Proceeds Amount to the Litigation Trust or its successor.


More Definitions of Trust Purpose

Trust Purpose means to (x) hold the Trust Assets until liquidation, (y) liquidate (and convert to cash) the Corporate Claim Trust Assets on behalf of, and for the benefit of, the Corporate Claim Trust Beneficiaries, including without limitation, by pursuing, litigating and/or settling any claims and/or causes of actions constituting Corporate Claim Trust Assets, or by assignment, disposition or otherwise, and (z) distribute the Claim Proceeds for the benefit of the Corporate Claim Trust Beneficiaries, with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidating purposes of the Borrower, as such purpose may be amended, supplemented and/or modified from time to time in accordance with the Corporate Claim Trust Agreement (for the avoidance of doubt, any change of the trust purpose in the Corporate Claim Trust Agreement shall have the immediate effect of revising this definition without the need for any further action by the parties hereto or any amendment to this Agreement).
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Trust Purpose means the purpose outlined in Clause 4.
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Trust Purpose shall have the meaning set forth in Section 2.3.
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Trust Purpose means the purpose of the Onion Lake Education Trust set out in Clause 3 of this Trust Deed;
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Trust Purpose means the purpose outlined in clause 4; and
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Trust Purpose means the Trust Purpose set out in clause 2.2; Trustee means the initial trustee specified in clause 13.1 or the trustee of the Trust appointed under clause 13.4 from time Trustee Expense Budget to time; has the meaning given in clause 23.3(a);
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Related to Trust Purpose

  • Development Purposes means using the Software for the specific purpose of (a) developing, (b) single-user prototyping, quality assurance or testing and/or

  • Primary Purpose means the collection, use, or disclosure of information collected by the Cooperative or supplied by the Member-consumer where there is an authorized business need or emergency response in order to: (1) provide, bill, or collect for, regulated electric or natural gas service; (2) provide for system, grid, or operational needs; (3) provide services as required by state or federal law or as specifically authorized in the Cooperative’s approved tariff or; (4) engage in customer satisfaction surveys, plan, implement, or evaluate, energy assistance, demand response, energy management, renewable energy or energy efficiency programs by the Cooperative or under contract with the Cooperative, under contract with the Commission, or as part of a Commission- authorized program conducted by an entity under the supervision of the Commission, or pursuant to state or federal statutes governing energy assistance.

  • Educational Purposes means use for the purpose of education, teaching, distance learning, private study and/or research.

  • Project Purposes means the use of Protected Information strictly and only for purposes related to Recipient’s and its Related Parties’ participation and involvement in the Project, and only for such period of time during which Recipient and its Related Parties are involved in Project related activities.

  • Government purpose means any activity in which the United States Government is a party, including cooperative agreements with international or multi-national defense organizations, or sales or transfers by the United States Government to foreign governments or international organizations. Government purposes include competitive procurement, but do not include the rights to use, modify, reproduce, release, perform, display, or disclose technical data for commercial purposes or authorize others to do so.

  • Educational purpose means classroom activities, research in academic subjects, career or professional development activities, Green Dot approved personal research activities, or other purposes as defined by the School from time to time.

  • Government purpose rights means the rights to—

  • Secondary Purpose means any purpose that is not a Primary Purpose.

  • Agreed Purpose has the meaning given to it in clause 2 of this Agreement.

  • Common Purposes shall include the purposes of managing and maintaining the Premises, the Buildings and in particular the Common Portions, rendition of services in common to the Unit Owners, collection and disbursement of the Common Expenses and dealing with the matters of common interest of the Unit Owners and relating to their mutual rights and obligations for the beneficial use and enjoyment of their respective Units exclusively and the Common Portions in common.

  • intended purpose means the purpose for which the Technical Information is provided to the Supplier under or in connection with a Contract.

  • Special purpose district means an area with special boundaries created as authorized by law for

  • Agreed Purposes as defined in Section 10.14.

  • Residential purposes means use for dwelling or recreational purposes, or both.

  • public purpose means any of the purposes for which land may be reserved under Part 4 of the Land Administration Act 1997, and any purpose declared by the Governor pursuant to that Act, by notification in the Government Gazette to be a public purpose within the meaning of that Act;

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.

  • Internal Purposes means distribution of packages to Licensee’s own systems and employees.

  • Permitted Purpose means any activity or process to be undertaken or supervised by a Staff member of one Party during the term of this Agreement, for which purpose authorised disclosure of the other Party’s Confidential Information or Intellectual Property is a prerequisite in order to enable such activity or process to be accomplished;

  • School purposes means purposes that customarily take place at the direction of a teacher or the Board, or aid in the administration of school activities, including but not limited to instruction in the classroom, administrative activities and collaboration among students, school personnel or parents or legal guardians of students.

  • Production Purposes means using the Software (a) in a production environment, (b) generally using live data and/or applications for a purpose other than Development Purposes, (c) for multi-user prototyping, quality assurance and testing and/or (d) for backup instances.

  • Commercial purpose per MCA 77-1-902(3)(a) means an industrial enterprise, retail sales outlet, business and professional office building, warehouse, motel, hotel, hospitality enterprise, commercial or concentrated recreational use, multifamily residential development, and other similar business.

  • Authorized Purpose means the specific purpose or purposes described in the Base Contract for Contractor to fulfill its obligations under the Base Contract, or any other purpose expressly authorized by HHS in writing in advance.

  • Approved Purpose means the activity or purpose for which the Hirer wishes to use the Venue (and for which the Shire has had an opportunity to assess and approve)

  • Permitted Purposes means evaluating the Project, preparing a Proposal, and any other use permitted by the RFP or this Participation Agreement;

  • Public Purposes means the public purpose of financing $1,500,000.00 of building remodeling and improvement projects, consisting of projects included in the District's 2015-2016 building remodeling and improvement program;

  • Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or conduct condoned by the officer’s appointing authority.