Management and Use of Trust Property Sample Clauses

Management and Use of Trust Property. (I) The Trustee has no decision rights on the use of the trust property, and such decision rights on the use thereof shall be vested in the Settlor.
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Management and Use of Trust Property. The Trustee, when handling such non-discretionary money trust investment in foreign stocks/ETFs, may specify the requirements for the minimum transaction amount and relevant operating rules for each subscription and redemption transaction. Once such requirements and relevant rules are informed by the Trustee or announced on the website or at the business place of the Trustee, they shall be binding upon the Settlor.
Management and Use of Trust Property. (I) The Trustee provides no guarantee on the successful subscription of any foreign bond designated by the Settlor. The Settlor agrees that in case where the foreign bond designated cannot be subscribed for, such subscription instruction shall become invalid automatically, and that the Trustee shall inform the Settlor orally or in writing. The Trustee shall bear no liabilities for the above other than returning the trust principal and the subscription handling fee to the Settlor.
Management and Use of Trust Property. The Trustee does not have the right to decide the use of the trust property, and it belongs to the Settlor. The Settlor shall not make instructions that violate the laws. Except for the instructions of the Settlor that are illegal or inappropriate, the Trustee shall manage and dispose of the trust property in accordance with the purpose of the trust and the instructions of the Settlor or a third person appointed by the Settlor. The Settlor authorizes the Trustee to implement the instructions of the Settlor or a third party appointed by the Settlor to carry out trading, transaction, settlement of foreign exchange, receipt of distributed income, payment, whether to reinvest, the choice of distribution method, designation of the financial institution or investment management institution, delivery institution, and custodian institution that performs trading, other acts related to the use of the trust funds and the disposal of the trust property, as well as participation in the exercise of various rights and obligations related to the investment target itself and other related matters, and the Trustee shall exercise the due care of a good administrator, and the Settlor shall not instruct otherwise or intervene. The Settlor and the Trustee shall jointly abide by the relevant provisions of the trust business or investment target and its applicable laws and regulations. If the Trustee receives notification with regards to the capital increase (decrease), liquidation, change, merger, dissolution, suspension of trading or suspension of settlement, liquidation, operational difficulties, or other unavoidable circumstances of the investment target, or in the case where the use of the target is restricted by laws or regulations of its issuing institution so the Trustee cannot use it, the Settlor shall cooperate in handling relevant affairs or terminate the use, and all the profits, losses, taxes, expenses or liabilities arising from it shall be borne by the Settlor. The Settlor may not demand interest from the Trustee before the trust funds are paid to the account designated by the transaction counterparty of the investment target, or during the periods when this Agreement is cancelled or terminated, or the liquidation of the investment target and the trust property is returned to the Settlor. The currency of the trust funds is NT Dollar and/or foreign currency, and the receipt of trust funds should be in the same currency. For the return of the trust's principal and in...

Related to Management and Use of Trust Property

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a three (3) bedroom apartment unit bearing postal address of 13-02-06, Danau Impian Condominium, Xxxxx 0/000X, Xxxxx Xxxxx Xxxx, 00000 Xxxxx Xxxxxx. RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM276,000.00 (RINGGIT MALAYSIA TWO HUNDRED AND SEVENTY SIX THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the consent being obtained by the Purchaser from the Developer and other relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authorities. Any arrears of quit rent, assessments and service or maintenance charges which may be lawfully due to any relevant authority or the Developer up to the date of auction sale of the property shall be paid out of the purchase money upon receipt of full purchase price. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne by the successful Purchaser. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier’s Order in favour of UOBM for XXXXXX XXXXX XXXXXX on the day of auction sale. The balance of the purchase money together with Sales and Services Tax (SST) and/or taxes that replace the SST (if any) shall be paid by the Purchaser within one hundred and twenty (120) days from the date of auction sale to UNITED OVERSEAS BANK (MALAYSIA) BHD via Real Time Electronics Transfer of Funds and Securities (XXXXXX). Online bidders are further subject to the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx.

  • Acceptance of Trust The Trustee hereby accepts the Trust created and provided for by and in this Agreement and agrees to perform the same upon the terms and conditions herein set forth and to hold all rights, privileges and benefits conferred hereby and by law in trust for the various persons who shall from time to time be Beneficiaries, subject to all the terms and conditions herein set forth.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

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