Trust Termination definition

Trust Termination means the termination of Trust 1, Trust 2 and any sub-trust thereof in accordance with their respective terms.
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Trust Termination. Letter” Section 7.9 “Trustee” Section 5.14(a)
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Trust Termination. Letter” Section 7.5 100
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Examples of Trust Termination in a sentence

  • Unless otherwise provided in the Second Trust Agreement, the term of the Second Trust will commence on the Trust Commencement Date of the Second Trust and will end on the Trust Termination Date of the Second Trust.

  • Unless otherwise provided in the First Trust Agreement, the term of the First Trust will commence on the Trust Commencement Date and will end on the Trust Termination Date of the First Trust.

  • The Depositor shall deliver to the Trustee on or prior to June 30 of each year prior to a Trust Termination Event the Officer's Certificate as to compliance as required by Section 6.1(b) of the Base Trust Agreement.

  • The Servicer and the Holder of the Exchangeable Transferor Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • Trust Termination The Trust will wind up its affairs and terminate shortly after the earlier of (a) the NPI termination date or (b) the sale of the net profits interest.

  • The Trustor shall deliver to the Trustee and the Swap Counterparty on or prior to June 30 of each year prior to a Trust Termination Event the Officer's Certificate as to compliance as required by Section 6.1(b) of the Base Trust Agreement.

  • The Beneficiaries may not transfer any Beneficial Interests after the Trust Termination Date.

  • Capital requirements are summarized by the formula below:FIA Caeitalt = Max{0.5 ∙ BLCt + 0.5 ∙ (FLCt + UAt), SMAt or BIAt}Realized losses are introduced in the calculation when they produce an accounting impact, both in the backward‐looking component and in the underestimation adjustment function.

  • Only the Beneficiaries as of the Trust Termination Date which is determined to be the Record Date for Determination of Rights shall be entitled to claim for delivery of the residual assets.

  • Master Trust TerminationThe master trust will terminate on the Master Trust Termination Date.


More Definitions of Trust Termination

Trust Termination. Each Trust shall terminate once the particular Trust ceases to hold any Units and has distributed all proceeds from the sale or conversion of Units formerly held. Governing Law: Delaware Exhibit D Key Regulatory Terms Parent commits that: BOARD
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Related to Trust Termination

  • Trust Termination Date shall have the meaning specified in Section 8.01.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Compensation Accrued at Termination means the following:

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Agreement Termination Date is defined in Section 7.4.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Event Termination Date See Section 2(e) hereof.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Percentage January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).