Creation of Trusts Sample Clauses

Creation of Trusts. (a) (Manager may create) The Manager may at any time create a Trust by lodging with the Trustee: Master Trust Xxxx Xxxxx Xxxxx & Xxxxxxx --------------------------------------------------------------------------------
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Creation of Trusts. (a) (Trust Manager may create) The Trust Manager may at any time create a Trust by lodging with the Trustee:
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Creation of Trusts. (a) This Master Terms of Trust Agreement shall not be effective with respect to a Trust or its assets (or otherwise) unless the Trustor and the Trustee have executed and delivered a Series Trust Agreement with respect to such Trust and such assets, it being the intention of the parties that this Master Terms of Trust Agreement shall be solely for the purpose of establishing the provisions that may be incorporated from time to time with respect to a Trust, as such provisions may be modified by the Series Trust Agreement executed and delivered in respect of such Trust.
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Creation of Trusts. Each Trust shall be created upon the execution and delivery of a Pooling and Servicing Agreement substantially in the form of Appendix B hereto and the Seller's conveyance to the Trustee of the trust property specified therein. Concurrent with the creation of each Trust, the Trustee shall execute and deliver to the Seller or upon the Seller's written order Automobile Receivable Pass- Through Certificates representing a fractional undivided ownership interest in the trust property conveyed (excluding the residual interest retained by the Seller). Such Certificates shall bear a separate series designation, pay pass-through interest and be subject to such other terms as provided in the related Pooling and Servicing Agreement. Each Pooling and Servicing Agreement shall incorporate the Standard Terms, with such appropriate variations as from time to time may be agreed to by the Seller and the Trustee subject to Article V hereof.
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Creation of Trusts. A Depositor shall provide written direction to the Trustees in accordance with Section 2.5 for the creation of a Trust (which direction shall include the name of such Trust to be formed and that such Trust shall be governed by the Master Trust Agreement). The Trustees may rely conclusively on any direction, consent, notice or other writing furnished to it by any of the respective Depositors that is not inconsistent with the terms of this Master Trust Agreement. Each of the Depositors agree to not provide any direction, consent, notice or other writing which is inconsistent with the terms and provisions of this Master Trust Agreement. In addition, any such written instructions provided to the Trustees by a Depositor in accordance with this Agreement shall be deemed to be provided by the appropriate Depositor.
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Related to Creation of Trusts

  • 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”):

  • Creation of Trust; Name There is hereby created a Trust which shall be located in the State of Delaware, and which shall be known as “SLM Student Loan Trust 20[__]-[__]”, in which name the Eligible Lender Trustee may conduct the functions of the Trust, make and execute contracts and other instruments on behalf of the Trust and xxx and be sued. The Trust shall constitute a statutory trust within the meaning of Section 3801(a) of the Delaware Statutory Trust Act for which the Eligible Lender Trustee has filed or has caused to be filed a certificate of trust with the Secretary of State of the State of Delaware pursuant to Section 3810(a) of the Delaware Statutory Trust Act.

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

  • 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.

  • Termination of Trust Section 9.01

  • Application of Trust All money deposited with the Trustee pursuant to Section 11.01 shall be held in trust and, at the written direction of the Company, be invested prior to maturity in U.S. Government Obligations, and applied by the Trustee in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for the payment of which money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law.

  • VALUATION OF TRUST In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))

  • Termination of Trust Agreement Section 9.01.

  • Establishment of Trust In the event of a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) the Company shall, upon written request by Indemnitee, create a Trust for the benefit of the Indemnitee and from time to time upon written request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or amounts to be deposited in the Trust pursuant to the foregoing funding obligation shall be determined by the Independent Counsel. The terms of the Trust shall provide that (i) the Trust shall not be revoked or the principal thereof invaded without the written consent of the Indemnitee, (ii) the Trustee shall advance, within ten business days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The Trustee shall be chosen by the Indemnitee. Nothing in this Section 7 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the Trust shall be reported as income by the Company for federal, state, local, and foreign tax purposes. The Company shall pay all costs of establishing and maintaining the Trust and shall indemnify the Trustee against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust.

  • Protection of Trust Estate The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action necessary or advisable to:

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