CONSTITUTION OF THE TRUST Sample Clauses

CONSTITUTION OF THE TRUST. 13 (A) The Deposited Property shall initially be constituted of the consideration paid for the issue of Units at the Issue Price. Such issue of Units shall be made pursuant to an offer to subscribe to the Units. Such offer shall remain open for an initial offer period of not more than two (2) calendar months or any other period as may be decided by the Trustee in consultation with the Commission. The consideration paid for the issue of the Units subject to the deduction of the Front End Fee if applicable (which shall be retained by the Manager) shall be paid to the Trustee within three (03) working days subject to clause 26(A)(ii) after creation of Units and form the Deposited Property. Provided further, that no commission payable to agents in respect of the sale of units shall be paid by the Manager out of the Deposited Property. Any such payment if made, shall be paid by the Manager only out of the Front End Fee.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
CONSTITUTION OF THE TRUST. Settlor, the Trustee, CAB and Representative hereby enter into an irrevocable trust agreement under the provisions of Law 1 of January 5, 1984 of the Republic of Panama, which regulates trust agreements in the Republic of Panama.
Sample 1See All (4)
CONSTITUTION OF THE TRUST. (a) Settlors hereby constitute the Irrevocable Administration Trust with Reversion Rights No. F/[●] to which they convey in fiduciary property the ownership of the Lender Rights of which they are or may be owners. Settlors hereby deliver to Trustee and the Counterparties an original of the Intercompany Agreement and the Revolving Credit Agreement and Settlors, by means of the execution hereof, expressly agree on the contribution and conveyance of the Lender Rights that is unrestrictedly made pursuant to this Agreement. In case that after the date hereof, the Intercompany Agreement or the Revolving Credit Agreement are amended or modified in order to adhere an Additional Settlor, Settlors agree to convey the Lender Rights of the corresponding Additional Settlor to the Trust Estate, prior consent of the Counterparties, within a period no longer than 10 (ten) Business Days following the date of execution thereof, by means of a conveyance agreement, substantially in terms of the document attached hereto as Exhibit “D”.
Sample 1Sample 2
CONSTITUTION OF THE TRUST. 5.01 (a) All contributions and monies received, of any nature or kind, at any time, from any source into the Fund together with all investments, interest and all other assets held by the Trustees and any and all income derived from all the foregoing and any real or personal property purchased by the Trustees pursuant to this Agreement shall constitute the Boilermakers Lodge 359 Production Workers Pension Trust Fund which shall be administered by the Board of Trustees in accordance with the terms of this Agreement.
Sample 1
CONSTITUTION OF THE TRUST. 11 The Deposited Property shall initially be constituted out of the proceeds of an offer of Units at a price per Unit of an amount to be determined by the Managers and on such terms and conditions as the Managers may determine. Such offer shall remain open for not more than fourteen (14) days or any other period as may be decided by the Managers in consultation with the Commission. The proceeds of the offer shall be paid to the Trustees and shall thereupon constitute the Deposited Property.
Sample 1
CONSTITUTION OF THE TRUST. (a) each of the Trustors-Beneficiaries in this Agreement deposit the Initial Contributions in the Trust Account, in the proportions indicated on the Report of Initial Contributions, in order to fulfill the Objectives of the Trust. The Trustors-Beneficiaries shall deposit in the Trust Account, the additional Contributions that shall be required in accordance with the provisions of the Ninth Clause of this Agreement. The Trustee shall confirm to the Technical Committee the receipt of the amounts constituting the Initial Contributions that it received in the Trust Account, no later than 2 (two) business days following the date in which the total amount of the Initial Contributions described in the Report of Initial Contributions are duly deposited in the Trust Account.
Sample 1
CONSTITUTION OF THE TRUST 
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to CONSTITUTION OF THE TRUST

  • Creation of the Trust The Trust is hereby created and shall be known as “WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust”. The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities, all as provided by and subject to the terms of this Agreement:

  • Administration of the Trust Section 3.01

  • Termination of the Trust The respective obligations and responsibilities of the Company, the Guarantor and the Trustee with respect to the Trust shall terminate upon distribution to all Holders of the Certificates and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust continue beyond one hundred ten (110) years following the date of the earliest execution of this Agreement. Notice of any termination, specifying the Regular Distribution Date (or Special Distribution Date, as the case may be) upon which the Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly, upon notice to the Trustee, by the Trustee to Certificateholders not earlier than the 60th day and not later than the 20th day next preceding such final distribution specifying (A) the Regular Distribution Date (or Special Distribution Date, as the case may be) upon which the proposed final payment of the Certificates will be made upon presentation and surrender of Certificates at the office or agency of the Trustee therein specified, (B) the amount of any such proposed final payment, and (C) that the Record Date otherwise applicable to such Regular Distribution Date (or Special Distribution Date, as the case may be) is not applicable, payments being made only upon presentation and surrender of the Certificates at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Registrar at the time such notice is given to Certificateholders. Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to Certificateholders amounts distributable on such Regular Distribution Date (or Special Distribution Date, as the case may be) pursuant to Section 4.02. In the event that all of the Certificateholders shall not surrender their Certificates for cancellation within six months after the date specified in the above-mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. No additional interest shall accrue on the Certificates after the Regular Distribution Date (or Special Distribution Date, as the case may be). In the event that any money held by the Trustee for the payment of distributions on the Certificates shall remain unclaimed for two years (or such lesser time as the Trustee shall be satisfied, after sixty days' notice from the Company, is one month prior to the escheat period provided under applicable law) after the final distribution date with respect thereto, the Trustee shall pay to each Loan Trustee the appropriate amount of money relating to such Loan Trustee and shall give written notice thereof to the related Owner Trustees and the Company.

  • Administration of the Trust Fund Section 4.01

  • Continuation of the Trust 10 SECTION 2.1 Name........................................................................ 10 SECTION 2.2 Office of the Delaware Trustee; Principal Place of Business.................................................................... 10 SECTION 2.3 Initial Contribution of Trust Property; Organizational Expenses.................................................................... 11 SECTION 2.4 Issuance of the Preferred Securities........................................ 11 SECTION 2.5 Issuance of the Common Securities; Subscription and Purchase of Subordinated Debt Securities.................................... 11 SECTION 2.6 Declaration of Trust........................................................ 12 SECTION 2.7 Authorization to Enter into Certain Transactions............................ 12 SECTION 2.8

  • Administration of Trust The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

  • Indemnification of the Trust GFS shall indemnify and hold the Trust and each applicable Fund harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to GFS’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by GFS contained in this Agreement or which arise out of GFS’s lack of good faith, gross negligence, willful misconduct or reckless disregard of its duties with respect to GFS’s performance under or in connection with this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!