Family Trust. Family Trust shall mean, with respect to any individual, any trust created for the benefit of one or more of such individual's Related Persons and controlled by such individual.
Family Trust. A trust for the benefit of LKS or SSC or for the benefit of a spouse or lineal descendant (whether natural or legally adopted) of either LKS or SSC (a “Family Trust”); or
Family Trust. The Trustee shall set aside a pecuniary amount which will impose a tax under Code Section 2001 which is equal to the unified credit available to my estate, which pecuniary amount shall then be reduced by the sum of:
Family Trust in relation to any person, trusts established by that person in relation to which such person and/or Family Members of that person are the principal beneficiaries thereof; Flotation: the effective admission of all the Shares (or the shares of any holding company of the Company or other member of the Group (excluding Investorco and its holding companies)) to listing on a recognised investment exchange;
Family Trust. The Paisley Family Trust, Imperial Capital Limited, a corporation organized under the laws of the Province of Ontario ("ICL"), Cold Trust, Global Investment Trust, Freezer Trust, Storage Trust, Directory Trust and Publisher Trust; (ii) the closing of the acquisition by Parent or a subsidiary of Parent of all of the outstanding capital stock of Big Stuff, Inc. ("BIG STUFF") (Web and Big Stuff are sometimes collectively referred to as "WORLDPAGES") whether by merger, exchange or otherwise; (iii) the redemption of the promissory notes (collectively, the "GREAT WESTERN NOTES") in the aggregate original principal amount of Fifteen Million Dollars ($15,000,000.00) (plus accrued but unpaid interest at the time of redemption) owed by Parent to X'Xxxx and certain other former shareholders of Great Western Directories, Inc. (collectively, the "GREAT WESTERN SHAREHOLDERS") by the issuance of Parent Common Stock to the Great Western Shareholders; and (iv) the satisfaction of the other conditions to closing set forth in this Restated Agreement, the Restated Company Agreement and the Restated Big Stuff Agreement.
Family Trust. The Paisley Family Trust and the Barbadian Trusts and no other corporate or other proceedings on the part of Company, any Subsidiary, the ICL Principals, ICL or any Shareholder are necessary to authorize the execution and delivery of this Restated Agreement and the Company Transaction Agreements or to consummate the transactions contemplated hereby or thereby, except for the concurrence of the Subordinated Lenders. This Restated Agreement has been duly and validly executed and delivered by Company, the ICL Principals, the Barbadian Trusts and ICL, as attorney-in-fact for the Shareholders not signing this Restated Agreement, and constitutes, and upon execution and delivery thereof as contemplated by this Restated Agreement, the Company Transaction Agreements will constitute, the legal, valid and binding obligations of Company, the ICL Principals and the Shareholders, enforceable against Company, the ICL Principals and the Shareholders in accordance with its and their respective terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by principles of equity regarding the availability of remedies (COLLECTIVELY, THE "ENFORCEABILITY EXCEPTIONS"). The Powers of Attorney are in full force and effect and ICL has full authority under the Powers of Attorney to execute this Restated Agreement and the Company Transaction Agreements as attorney-in-fact for the Shareholders not signing this Restated Agreement, to bind such Shareholders to the obligations of the Shareholders set forth in this Restated Agreement and the Company Transaction Agreements, and to transfer the Company Common Shares of such Shareholders to Newco II as contemplated by this Restated Agreement.
Family Trust. A trust comes into being through an agreement between the founder and the trustees. Assets are to the trust and a loan account (debt) is created, or assets can be donated, but with donation tax implications.
Family Trust. The Trustee shall set apart, in a separate trust to be known as the “Family Trust” and to be administered as provided in this Section, the remainder of the trust estate (after satisfaction of all dispositions and payments under prior provisions of this instrument). Upon the death of the survivor of my wife and me, the Trustee shall divide the trust estate of the Family Trust into shares, and set the shares apart, on a per stirpital basis with respect to my descendants who then are living. Any share so set apart with respect to a descendant of mine shall be held in a separate trust, to be known as the “Family Trust” preceded by the name of the descendant and to be administered as provided in this Section. Any share inuring to a descendant of mine according to the last sentence of subsection (C) of this Section shall be held in a separate trust, to be known as the “Family Trust” preceded by the name of the descendant and to be administered as provided in this Section. Each trust is primarily for the benefit of the descendant with respect to whom the trust is created, and I would approve (but do not direct) the exercise of each power (determined as if this sentence did not exist) to the maximum extent in favor of the descendant. References to “the descendant” in succeeding provisions of this Section are references to my descendant with respect to whom the particular trust is created.
Family Trust. 53 6.1.11 Release of Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 6.1.12 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 6.1.13 Opinions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 6.1.14
Family Trust. A certified copy of the fully executed original of the amended and restated Family Trust, in form and substance reasonably satisfactory to the Investor Companies to establish the ownership and relationships among the Family Shareholders consistent with the structure previously described to the Investor Companies and including all provisions of the Shareholders' Agreement necessary therein to give effect to the Shareholders' Agreement.
