Establishment of Trusts Sample Clauses

Establishment of Trusts. (a) Within 30 Business Days of approval of the Trust Deeds under clause 20.5 the Regional Trustee must execute Trust Deeds to establish each of the following Trusts: (i) the Regional Economic Development Fund Trust; (ii) the Regional Indigenous Housing Fund Trust; (iii) the Regional Education Fund Trust; (iv) the Cultural Preservation Fund Trust; (v) the Xxxxxxxxx Enhancement Scheme Trust; and (vi) the Grant Land Trust for the purpose of holding the Grant Land for the benefit of the Grant Land Claim Group. (b) The State, the Proponent (where relevant) and the KLC must do all things reasonably necessary to establish the Trust Deeds to be executed under paragraph (a).

Establishment of Trusts. (a) Within 30 days of approval of the Trust Deeds under clause 22.5, the Corporate Trustee must execute Trust Deeds to establish each of the following Trusts: (i) the Economic Development Fund Trust; (ii) the Indigenous Housing Fund Trust; (iii) the Land Trust; and (iv) the Proponent Benefits Fund Trust. (b) The State, the Proponent (where relevant) and the Native Title Party must do all things reasonably necessary to establish the Trust Deeds to be executed under paragraph (a).

Establishment of Trusts. Persons desiring to establish a trust under this Agreement shall enter into a "Joinder Agreement" with Trustor. Each Joinder Agreement shall (a) incorporate the provisions of this Third−Party OSNT by reference, designate the person with disabilities for whom supplemental financial assistance shall be provided during his or her lifetime (the "Beneficiary"), (c) designate one or more persons or organizations ("Remainder Beneficiaries") to receive the trust assets remaining at the death of the Beneficiary, and (d) designate the shares or portions of the remaining trust assets distributable to each Remainder Beneficiary. Joinder Agreements may also contain such additional binding and nonbinding provisions as Trustor may deem advisable under the circumstances, but no such other terms and conditions may alter the provisions of this Third− Party OSNT or the rights, duties, and responsibilities of Trustee.

Establishment of Trusts. All Trust Assets received by the Trustee from time to time shall be held for and on behalf of the relevant Investor on trust for such Investor, to be paid and/or utilised in accordance with this Declaration of Trust. For the purposes of this clause, the Trustee is deemed to have received Trust Assets if the Trustee takes control of any Trust Assets or if the Trust Assets (being monies) are received by the Trustee into the Trustee’s bank account.

Establishment of Trusts. Should a Borrower suffer unforeseen hardship and apply to the Trustee to vary the terms of the Loan contract pursuant to part 2 subpart 8 of the CCCFA, the Trustee may vary the said terms , in accordance with the provisions of the CCCFA, provided such variation would be agreed by a lender acting reasonably and responsibly.

Establishment of Trusts. Trusts: the Pool Funds Administrator shall hold all moneys deposited with or paid to it (other than Pool Reserve Assets) and such rights as may from time to time be vested in it with regard to payment by Pool Members (apart from fees owed or paid to it for its services in accordance with Schedule 15 and any amounts payable to it pursuant to that Schedule upon its removal as Pool Funds Administrator or the expiry or termination of its appointment as such) by and from each Pool Debtor or with regard to the provision of Security Cover by each Pool Member, including:-

Establishment of Trusts. From and after the Closing Date, in the event that (i) Purchaser ceases to maintain either (A) a Standard & Poor’s Corporation insurer financial strength rating of at least AA- or (B) an A.M. Best Company rating of A; (ii) Purchaser fails to maintain a ratio of (A) Total Adjusted Capital (as defined in the Risk-Based Capital (RBC) Model Act or in the rules and procedures prescribed by the NAIC with respect thereto, in each case as in effect as of December 31, 2000) to (B) the Company Action Level RBC (as defined in the Risk-Based Capital (RBC) Model Act or in the rules and procedures prescribed by the NAIC with respect thereto, in each case as in effect as of December 31, 2000) of at least one hundred and twenty-five percent (125%); (iii) Purchaser or any Purchaser Affiliate commits a material breach of any term or condition under any of the Services Agreements and such breach is not cured within thirty (30) days of receipt of written notice from Sellers of such breach or act; or (iv) Purchaser fails to ensure that Lincoln Life, Lincoln Barbados or LAL is able to take full statutory reserve credit in the jurisdiction in which it is domiciled for the reinsurance under the Reinsurance Agreements (each, a “Trust Establishment Event”), Purchaser shall: (i) provide Lincoln Life, LAL and Lincoln Barbados with written notice of the occurrence of a Trust Establishment Event within five (5) Business Days after its occurrence; and (ii) establish a grantor trust for each of Lincoln Life, LAL and Lincoln Barbados pursuant to trust agreements (each, a “Trust”) and with Trustees, each reasonably satisfactory to Lincoln Life, LAL and Lincoln Barbados, as applicable, naming Lincoln Life, LAL or Lincoln Barbados, as applicable, as the sole beneficiary thereof, and maintain in each Trust, assets having a market value in an amount no less than the Required Balance for the purpose of securing the Reinsured Liabilities under the relevant Coinsurance Agreement.

Establishment of Trusts. 5.1 Trusts: 5.1.1 Subject to paragraph 5.1.2, the Pool Funds Administrator shall hold all moneys deposited with or paid to it, and such rights as may from time to time be vested in it with regard to payment by Pool Members, by and from each Pool Debtor or with regard to the provision of Security Cover by each Pool Member or the Grid Operator including:- (a) subject as provided in sub-section 5.2, all moneys from time to time standing to the credit of each Pool Account other than the Pool Reserve Account and the Pool Borrowing Account; (b) all rights of the Pool Funds Administrator to call for payment or Security Cover; (c) the Letters of Credit and all rights to, and (subject to sub-section 15.5) moneys representing, any proceeds therefrom other than proceeds repayable by loan in accordance with paragraph 5.12.5 and sub-section 5.16; and (d) any interest received or receivable in respect of a Pool Debt or a Pool Account (other than interest on the Pool Reserve Account), on trust for Pool Creditors in accordance with their respective individual entitlements as they arise in accordance with this Schedule. Upon termination of the said trust any residual balance after satisfaction of the entitlement of all Pool Creditors shall be held for Providing Members, the Ancillary Services Provider and the Grid Operator in accordance with their respective individual entitlements as they arise in accordance with this Schedule.

Establishment of Trusts. 5.1 Trusts 5.2 Trusts in respect of the Credit Facility 5.3 Rights of Pool Creditors other than the Ancillary Services Provider 5.4 Rights of Ancillary Services Provider 5.5 Trusts in respect of Pool Reserve Assets 5.6 Overdue amounts 5.7 Shortfall 5.8 Providing Members' rights to funds 5.9 Funds not to be withdrawn 5.10 Providing Members' rights to withdraw funds 5.11 Waiver of Providing Members' rights 5.12 Pool Reserve Assets 5.13 Providing Members' rights and interests in the Pool Reserve Account 5.14 Overpayments to be held on trust 5.15 Reimbursement of overpayments 5.16 Repayment of loans 5.17 No claim for breach of trust