Definition of Omnibus Trust Sample Clauses

Definition of Omnibus Trust. Subject to Clause 6.4.2, all LBI Distributions and any other Trust Financial Assets received by the Company shall, until applied or distributed in accordance with the Common Terms, be held by the Company as trustee for the benefit of all persons with a Trust Entitlement and shall be held, managed, dealt with, applied and distributed by the Company under and in accordance with the provisions of the Common Terms. The trust referred to in this Clause 8.1 shall be referred to as the “Omnibus Trust” in these Common Terms.
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