Business of Trust Sample Clauses

Business of Trust. (a) The Trustee and the Delaware Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue xxd be sued on behalf of the Trust or in the name of the Trust, subject to the terms of the Series Trust Agreement. In order to effectuate the purpose of the Trust, on the Closing Date the Trustee shall, on behalf of the Trust, (i) acquire from the Depositor (or such other Person as may be specified in the Forepart) the Underlying Securities and other Trust Assets specified in the Forepart for the benefit of the Certificateholders; (ii) issue the Certificates; (iii) execute and deliver the Indenture and then execute, issue and deliver the Notes; (iv) pledge and deliver the Trust Assets and any proceeds thereof to the Indenture Trustee pursuant to the terms of the Indenture and hold and distribute to the Certificateholders pursuant to the terms hereof any moneys released from the lien of the Indenture; (v) with the proceeds of the sale of the Certificates and Notes pay the Depositor (or other Person) the purchase price of the Underlying Securities and other Trust Assets; (vi) enter into the Swap Agreement and any Related Agreement; (vii) execute any Credit Enhancement Agreement; and (viii) enter into such other agreements, execute such other documents and take such other actions as the Depositor may direct in conjunction with the issuance of the Certificates and the Notes, on the Closing Date.
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Business of Trust. Subject to Section 2.5, the Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued on behalf of the Trust or in the name of the Trust, suxxxct to the terms of this Agreement. In order to effectuate the purpose of the Trust, on the Closing Date the Trustee shall, on behalf of the Trust, (a) acquire from the Depositor the Underlying Securities for the benefit of the Certificateholders; (b) issue the Certificates to or upon the order of the Depositor for sale pursuant to the Underwriting Agreement (in the case of the Class _____ Certificates) [or pursuant to the Purchase Agreement (in the case of the Class _____ Certificates)]; and (c) enter into such other agreements, execute such other documents and take such other actions as the Depositor may direct in conjunction with the issuance of the Certificates.
Sample 1
Business of Trust. (a) The Trustee and the Delaware Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue xxd be sued on behalf of the Trust or in the name of the Trust, subject to the terms of the Series Trust Agreement. In order to effectuate the purpose of the Trust, on the Closing Date the Trustee shall, on behalf of the Trust, (i) acquire from the Depositor (or such other Person as may be specified in the Forepart) the Underlying Securities and other Trust Assets specified in the Forepart for the benefit of the Certificateholders; (ii) issue the Certificates; (iii) with the proceeds of the sale of the Certificates pay the Depositor (or other Person) the purchase price of the Underlying Securities and other Trust Assets; (iv) enter into the Swap Agreement and any Related Agreement; (v) execute any Credit Enhancement Agreement; and (vi) enter into such other agreements, execute such other documents and take such other actions as the Depositor may direct in conjunction with the issuance of the Certificates, on the Closing Date.
Sample 1
Business of Trust. The intended business of the Trust is to provide funding in connection with the projects of buying/selling and holding real property. The Trust may also enter into any other business arrangement or relationship to exercise all rights and powers and engage in all activities as determined by the Trustee in its sole discretion, which a Delaware Statutory Trust may legally exercise pursuant to the Act. In furtherance thereof, the Trust may exercise all powers necessary to or reasonably connected with the Trust’s business, which may be legally exercised by a Delaware Statutory Trust under the Act, and may engage in all activities necessary, customary, convenient, or incident to.
Sample 1
Business of Trust. (a) The Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue xxd be sued on behalf of the Trust or in the name of the Trust, subject to the terms of the Series Trust Agreement. In order to effectuate the purpose of the Trust, on the Closing Date the Trustee shall, on behalf of the Trust, (i) acquire from the Depositor (or such other Person as may be specified in the Forepart) the Underlying Securities and other Trust Assets specified in the Forepart for the benefit of the Certificateholders; (ii) issue the Certificates; (iii) with the proceeds of the sale of the Certificates pay the Depositor (or other Person) the purchase price of the Underlying Securities and other Trust Assets; (iv) enter into the Swap Agreement and any Related Agreement; (v) execute any Credit Enhancement Agreement; and (vi) enter into such other agreements, execute such other documents and take such other actions as the Depositor may direct in conjunction with the issuance of the Certificates, on the Closing Date.
Sample 1

Related to Business of Trust

  • Situs of Trust The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of New York. Payments will be received by the Trust only in Delaware or New York and payments will be made by the Trust only from Delaware or New York. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer or any agent of the Trust from having employees within or outside the State of Delaware. The only office of the Trust will be at the Corporate Trust Office located in Delaware.

  • Investment of Trust Assets The Trustee shall engage the Investment Manager to invest and reinvest the principal and income of the Trust Assets in those investments that are reasonably calculated to preserve the principal value, taking into account the need for the safety and liquidity of principal as may be required to fund Eligible Mitigation Actions and Trust Administration Costs.

  • Assets of Trust The assets of the Trust shall consist of the Trust Property.

  • Sale of Trust Assets (a) [Intentionally Omitted].

  • Acquisition of Trust Property (a) The Trustee is hereby irrevocably authorized and directed to execute and deliver the Assignment and Assumption Agreement on the date specified in Section 7.01 of the Related Pass Through Trust Supplement, subject only to the satisfaction of the conditions set forth in said Section 7.01. The Agreement (except only for this sentence and the immediately preceding sentence hereof, which are effective upon execution and delivery hereof) shall become effective upon the execution and delivery of the Assignment and Assumption Agreement by the Trustee and the Related Trustee, automatically and without any further signature or action on the part of the Company and the Trustee, and shall thereupon constitute the legal, valid and binding obligation of the parties hereto enforceable against each of the parties hereto in accordance with its terms. Upon such execution and delivery of the Assignment and Assumption Agreement, the Related Trust shall be terminated, the Applicable Certificateholders shall receive beneficial interests in the Applicable Trust in exchange for their interests in the Related Trust equal to their respective beneficial interests in the Related Trust and the “Outstanding” (as defined in the Related Pass Through Trust Agreement) pass through certificates representing fractional undivided interests in the Related Trust shall be deemed for all purposes of the Agreement, without further signature or action of any party or Certificateholder, to be Certificates representing the same Fractional Undivided Interests in the Applicable Trust and Trust Property. By acceptance of its Applicable Certificate, each Applicable Certificateholder consents to and ratifies such assignment, transfer and delivery of the trust property of the Related Trust to the Trustee upon the execution and delivery of the Assignment and Assumption Agreement. The provisions of this Section 5.01(a) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes or Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust.

  • Duration of Trust Unless terminated as provided herein, the Trust shall have perpetual existence.

  • Creation of Trust The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the “Voting Matters”):

  • Nature of Trust The Trust shall be a trust with transferable shares under the laws of The State of Delaware, of the type defined in Title 12, Chapter 38, Section 3801 of the Delaware Code as a business trust. The Trust is not intended to be, shall not be deemed to be, and shall not be treated as, a general partnership, limited partnership, joint venture, corporation or joint stock company. The Shareholders shall be beneficiaries and their relationship to the Trustees shall be solely in that capacity in accordance with the rights conferred upon them hereunder.

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