Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following legally described property located in the City and County of Denver, State of Colorado: See Exhibit A. Known as No. 4200 – 4000 Xxxxxx Xx., Xxxxxx, XX 00000, Sxxxxx Xxxxxxx Xxxx Xxxxx Xxx Xxxxxxxx with all its appurtenances (Property).
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following described property located in the County of Teller, State of Colorado: Lots 1 through 15, Block 26, Fremont, (now Cripple Creek), Colorado, together with all improvements and appurtenances (Property).
Property in Trust. Notwithstanding anything contained in this Scheme, on or after Effective Date, until any property, asset, Permit, contract and rights and benefits arising therefrom pertaining to the Demerged Undertaking are transferred, vested, recorded, effected and/ or perfected, in the records of any Appropriate Authority, regulatory bodies or otherwise, in favour of the Resulting Company, the Resulting Company is deemed to be authorized to enjoy the property, asset, Permit, contract or the rights and benefits arising therefrom as if it were the owner of the property or asset or as if it were the original party to the Permit or contract. It is clarified that till entry is made in the records of the Appropriate Authorities and till such time as may be mutually agreed between the Parties, the Demerged Company will continue to hold the asset, property, Permit, contract and/or rights and benefits arising therefrom, as the case may be, in trust for and on behalf of the Resulting Company.
Property in Trust. 16.1 Notwithstanding anything contained in this Scheme, on or after the Effective Date, until any property, asset, license, approval, permission, contract, agreement and rights and benefits arising therefrom pertaining to the Demerged Undertaking, as the case may be, are transferred, vested, recorded, effected and/ or perfected, in the records of any Appropriate Authority, regulatory bodies or otherwise, in favour of TAISPL, as the case may be, such Resulting Companies are deemed to be authorized to enjoy the property, asset or the rights and benefits arising from the license, approval, permission, contract or agreement as if it were the owner of the property or asset or as if it were the original party to the license, approval, permission, contract or agreement. It is clarified that till entry is made in the records of the Appropriate Authorities and till such time as may be mutually agreed by the relevant Parties, the Demerged Company will continue to hold the property and/or the asset, license, permission, approval, contract or agreement and rights and benefits arising therefrom, as the case may be, in trust for and on behalf of TAISPL, as the case may be.
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following legally described property located in the County of El Paso, State of Colorado: SEE EXHIBIT A ATTACHED HERETO AND BY REFERENCE MADE A PART HEREOF together with all its appurtenances (Property).
Property in Trust. Notwithstanding anything contained in this Scheme, until any property, asset, license, approval, permission, contract, agreement and rights and benefits arising therefrom are transferred, vested, recorded, effected and/or perfected, in the records of the Appropriate Authority(ies), regulatory bodies or otherwise, in favour of the Resulting Company, the Resulting Company is deemed to be authorized to enjoy the property, asset or the rights and benefits arising from the license, approval, permission, contract or agreement as if it were the owner of the property or asset or as if it were the original party to the license, approval, permission, contract or agreement. It is clarified that till entry is made in the records of the Appropriate Authority(ies) and till such time as may be mutually agreed by the Demerged Company and the Resulting Company, the Demerged Company will continue to hold the property and/or the asset, license, permission, approval as the case may be in trust on behalf of the Resulting Company. It is further clarified that on the Effective Date, notwithstanding the Scheme being made effective, any asset/liability identified as part of the Demerged Undertaking and pending transfer due to the pendency of any approval/consent and/or sanction shall be held in trust by the Demerged Company for the Resulting Company. Immediately upon receipt of such approval/consent and/or sanction such asset and/or liability forming part of the Demerged Undertaking shall without any further act/deed or consideration be transferred/vested in the Resulting Company, with all such benefits, obligations and rights with effect from the Effective Date. All costs, payments and other liabilities that the Demerged Company shall be required to bear to give effect to this Clause 21 shall be borne solely by the Resulting Company and the Resulting Company shall reimburse and indemnify the Demerged Company against all liabilities and obligations incurred by the Demerged Company in respect thereof.
Property in Trust. FOR GOOD AND VALUABLE CONSIDERATION, including the indebtedness herein recited and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE AND THE POWER OF ENTRY AND POSSESSION, for the benefit and security of Beneficiary, under and subject to the terms and conditions hereinafter set forth, all the Trustor’s right, title and interest in the Property; TOGETHER WITH:
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following described property located in the County of State of Colorado: West 1/2 of Section 21, Township 2 South, Range 66 West of the 6th P.M., County of Xxxxx, State of Colorado, EXCEPT that portion described in Deed recorded March 18, 1991 in Book 3759 at Page 339 which has the address of: Vacant Land together with all of its appurtenances (Property).
Property in Trust. (a) Initial Deposit in Trust. Concurrently with the execution of this Agreement, the Settlor is delivering to the Trustee, on behalf of the Trust, a stock certificate evidencing 50 shares of capital stock of the Cincinnati PC (the "Initial Trust Estate"). The Trustee acknowledges receipt of the Initial Trust Estate. The Trustee agrees that it will hold, manage and distribute the Initial Trust Estate, Cincinnati PC shares and all other property of any kind that becomes a part of the Trust in accordance with this Agreement and the PC Purchase Agreement for the primary benefit of the Settlor.
Property in Trust. The Trustee shall hold the legal title to all property at any time constituting a part of the Trust Assets and hereby declares that he shall hold such property in trust to be administered and disposed of pursuant to the terms of this Agreement for the benefit of the LFC Administrative Beneficiary and Reorganized LMUSA as trustee for the benefit of certain of the creditors of the Debtors pursuant to the terms of the Plan. The Trustee is further authorized to make disbursements and payments from the Trust in accordance with the provisions hereof.
