Distribution of Trust Estate Sample Clauses

Distribution of Trust Estate. Whenever the terms of this Agreement shall require the Trustee to distribute or transfer the entire Trust Estate to any person(s), the Trustee shall be entitled to retain such monies and securities, if any, as shall then be held by the Trustee as a part of the Trust Estate and as shall be required to reimburse or pay the Trustee for any reasonable fees, expenses, or liabilities not reimbursed or paid by the Owner Participants as to which the Trustee is entitled to be paid or reimbursed hereunder or under any Operative Document and shall distribute the Trust Estate in accordance with Section 6.02.
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Distribution of Trust Estate. Whenever the terms of this Agreement shall require the Owner Trustee to distribute or transfer the entire Trust Estate to any Person, the Owner Trustee shall be entitled to retain such moneys as shall then be held by the Owner Trustee as a part of the Trust Estate and as shall be required to reimburse the Owner Trustee for any fees or Expenses not reimbursed by the Owner Participant or the Lessee as to which the Owner Trustee is entitled to be paid or reimbursed hereunder.
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Distribution of Trust Estate. Upon the termination of the ---------------------------- Trust (a) pursuant to Section 9.01(a)(i), the parties shall negotiate a mutually acceptable division of the Trust; or (b) in the event of a voluntary or involuntary liquidation, dissolution or winding up of the Trust, the entire Trust Estate shall be distributed by the Servicer, on behalf of the Trust, as follows: (i) the Worldwide Class Series Estate shall be assigned, conveyed and distributed to the Owner by the Worldwide Class Owner Certificate and (ii) the Georgia Class Series Estate shall be assigned, conveyed and distributed to the Owner of the Georgia Class Owner Certificate. Upon termination of the Trust pursuant to Section 9.01(a)(ii), the entire Trust Estate shall be immediately distributed by the Servicer, on behalf of the Trust, to the Owner of the Worldwide Class Owner Certificate.
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Distribution of Trust Estate. With regard to the distribution of the Trust Estate, reference is made to the attached Final Settlement Terms. Further, any distribution of the Trust Estate shall be subject to the following provisions:
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Distribution of Trust Estate. Whenever the terms of this Agreement shall require Trustee to distribute or transfer the entire Trust Estate to any person, Trustee shall be entitled to retain such monies and securities, if any, as shall then be held by Trustee as a part of the Trust Estate and as shall be required to reimburse or pay Trustee for any reasonable fees, expenses, or liabilities not reimbursed or paid by an Owner Participant as to which Trustee is entitled to be paid or reimbursed hereunder or under any Operative Document and shall distribute the Trust Estate in accordance with Section 6.02 hereof. 11 15 ARTICLE VII
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Distribution of Trust Estate. (a) If at any time the Trust shall not be the holder of more than fifty-percent (50%) (or, in the event of a modification to, or replacement of, the definition of "operating company" under United States Department of Labor Regulation § 2510.3-101 that would require the Trust to own a higher percentage than 50% of the stock of the Corporation for the Trust to meet the definition of "operating company", then such higher percentage) of the outstanding voting securities of the Corporation, then upon the request of any Holder, the Administrative Trustees shall, within 14 Business Days of receipt of such request, cause all (i) Class A Assets to be distributed to and placed in the name of the Holders of the Class A Trust Interests, and (ii) Class B Assets to be distributed to and placed in the name of the Holders of the Class B Trust Interests; provided that as a condition to any such distributions, the distributees shall have entered into the voting agreement and granted the irrevocable proxy attached hereto as Exhibit C. If the Escrowed Corporation Interest has not been allocated at the time of such distribution such shares of Corporation Common Stock shall remain in the Trust until such shares are allocated to the Holders of Class A Trust Interests and/or Class B Trust Interests in accordance with Section 5.1(c), whereupon such shares and the related distributions, income and proceeds in respect thereof shall be promptly distributed to the Holders to whom they are allocated.
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Distribution of Trust Estate. (a) Income and Principal. Commencing upon the date hereof and until the Termination Date, as hereinafter defined, the Trustee shall hold all of the net income from the Trust for the benefit of the beneficiary; provided, however, that the beneficiary hereby directs the Trustee to distribute from time to time, to the Designated Recipients, each Designated Recipient's pro rata shave of the income and principal then on hand in the discretion of the Trustee, all in accordance with corporate law; provided, further, that the Trustee shall make no distributions from the Trust Estate to Shareholders if such distributions would render the Settlor insolvent.
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Distribution of Trust Estate. Following the death of the Settlor, the Trustee shall hold, administer and distribute the Trust Estate, as then constituted, in the following manner:
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Distribution of Trust Estate 
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Related to Distribution of Trust Estate

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • 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.

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Collection of Trust Student Loan Payments A. The Servicer shall make reasonable efforts (including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement) to collect all payments called for under the terms and provisions of the Trust Student Loans as and when the same shall become due and shall follow such collection procedures as it follows with respect to similar student loans that it services on behalf of SLM Corporation or any of its Affiliates. The Servicer shall allocate collections with respect to the Trust Student Loans between principal, interest and fees in accordance with Section 2.5 of the Administration Agreement. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Trust Student Loan. The Servicer may, at its option, retain any late payment charges that it collects.

  • The Trust Estate The Depositor hereby assigns, transfers, conveys and sets over to the Trustee the sum of $10.00. The Trustee hereby acknowledges receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustee hereby declares that it will hold the trust estate in trust for the Depositor. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the "Business Trust Act"), and that this document constitute the governing instrument of the Trust. The Trustee is hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Business Trust Act.

  • Initial Capital Contribution of Owner Trust Estate The Transferor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the sum of $1.00. The Owner Trustee hereby acknowledges receipt in trust from the Transferor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the Certificate Distribution Account. The Transferor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

  • Release of Trust Estate (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

  • Payments from Owner Trust Estate All payments to be made by the Owner Trustee under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party shall be made only from the income and proceeds of the Owner Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Owner Trust Estate to make such payments in accordance with the terms hereof. Wilmington Trust Company or any successor thereto, in its individual capacity, shall not be liable for any amounts payable under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party.

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