INITIAL TRUST PROPERTY Sample Clauses
The Initial Trust Property clause defines the assets or property that are being transferred into the trust at the time it is created. This typically includes a specific sum of money, securities, or other tangible or intangible assets that the settlor delivers to the trustee to establish the trust. By clearly identifying the initial property, this clause ensures that there is no ambiguity about what assets are subject to the trust's terms from the outset, thereby providing a clear starting point for the trust's administration and management.
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INITIAL TRUST PROPERTY. The Grantor hereby assigns, transfers, conveys and sets over to the Trustees the sum of $1.00, which sum shall be deposited in an account established in the name of the Trust by the Beneficiary Trustee. The Trustees hereby acknowledge receipt of such amount in trust from the Grantor, which amount shall constitute the initial Trust Property. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under the Business Trust Act, and that this document constitutes the governing instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust (the "Certificate of Trust") with the Delaware Secretary of State in accordance with the provisions of the Business Trust Act in substantially the form attached hereto as Exhibit 1.
INITIAL TRUST PROPERTY. The Mortgages Trustee hereby declares itself as trustee of the Trust Property, being, upon execution of this Deed, the sum of {pound-sterling}100 (one hundred pounds) (the "INITIAL TRUST PROPERTY") which sum shall be held on trust by the Mortgages Trustee absolutely as to both capital and income for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage. The Initial Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust upon due execution of this Deed by all parties to it.
INITIAL TRUST PROPERTY. On 13th June, 2002 the Share Trustee of the Mortgages Trustee settled on trust the Initial Trust Property to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding 1 as to the Initial Funding 1 Share Percentage.
INITIAL TRUST PROPERTY. On 25th July, 2000 SPV Management settled on the date thereof on trust the sum of (pound)100 (one hundred pounds) (the "INITIAL TRUST PROPERTY") to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage.
INITIAL TRUST PROPERTY. The Grantor hereby assigns, transfers, conveys and sets over to the Trustees the sum of $5,000, which sum shall be deposited in an account with Wilmington Trust Company. The Trustees hereby acknowledge receipt of such amount in trust from the Grantor, which amount shall constitute the initial Trust Property. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under the Business Trust Act, and that this document constitutes the governing instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust (the "Certificate of Trust") with the Secretary of State of the State of Delaware in accordance with the provisions of the Business Trust Act in substantially the form attached hereto as Exhibit 1.