Property in Trust Clause Samples
The 'Property in Trust' clause establishes that certain assets or property are held by a trustee for the benefit of designated beneficiaries according to the terms of the trust agreement. This clause typically details what property is included in the trust, how it is to be managed, and the trustee’s responsibilities regarding its administration. By clearly defining which assets are held in trust and under what conditions, this clause ensures proper legal ownership, facilitates the orderly management of the property, and protects the interests of the beneficiaries.
Property in Trust. Notwithstanding anything contained in this Scheme, on or after Effective Date, until any property, asset, Permit, contract and rights and benefits arising therefrom pertaining to the Demerged Undertaking are transferred, vested, recorded, effected and/ or perfected, in the records of any Appropriate Authority, regulatory bodies or otherwise, in favour of the Resulting Company, the Resulting Company is deemed to be authorized to enjoy the property, asset, Permit, contract or the rights and benefits arising therefrom as if it were the owner of the property or asset or as if it were the original party to the Permit or contract. It is clarified that till entry is made in the records of the Appropriate Authorities and till such time as may be mutually agreed between the Parties, the Demerged Company will continue to hold the asset, property, Permit, contract and/or rights and benefits arising therefrom, as the case may be, in trust for and on behalf of the Resulting Company.
Property in Trust. Notwithstanding anything contained in this Scheme, on or after Effective Date, until any property, asset, license, approval, permission, contract, agreement and rights and benefits arising therefrom pertaining to the business of the respective Undertakings of the Transferor Companies, are transferred, vested, recorded, effected and/ or perfected, in the records of any Appropriate Authority, regulatory bodies or otherwise, in favour of the Transferee Companies, as the case maybe, such company is deemed to be authorised to enjoy the property, asset or the rights and benefits arising from the license, approval, permission, contract or agreement as if it were the owner of the property or asset or as if it were the original party to the license, approval, permission, contract or agreement. It is clarified that till entry is made in the records of the Appropriate Authorities and till such time as may be mutually agreed by the relevant Parties, the Transferor Companies will continue to hold the property and/or the asset, license, permission, approval, contract or agreement and rights and benefits arising therefrom, as the case may be, in trust for and on behalf of the Transferee Companies.
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following legally described property located in the City and County of Denver, State of Colorado: See Exhibit A. Known as No. 4200 – 4▇▇▇ ▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ with all its appurtenances (Property).
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following legally described property located in the County of El Paso, State of Colorado: together with all its appurtenances (Property).
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following described property located in the County of Teller, State of Colorado: Lots 1 through 15, Block 26, Fremont, (now Cripple Creek), Colorado, together with all improvements and appurtenances (Property).
Property in Trust. Wildcat, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, all of the following described lode mining claims situate, lying and being in the California Mining District, La Plata County, Colorado: Idaho Millsite 18320 Idaho Millsite No.1 18321 Idaho Millsite No.2 18321 Alpine 18321 Lord Kitchener 17108 Hartford 17108 G▇▇▇▇▇▇▇ 16616 Good Hope 17124 SUNRISE 17124 C▇▇▇▇▇▇ 16616 Midnight 19646 H▇▇▇▇ 19515 Midnight No.2 19646 Pay Day 19516 "A" Pay Day Millsite 19516 "B" which has the address of n/a (Property Address), together with all its appurtenances (the "Property").
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, all of the following described lode mining claims situate, lying and being in the California Mining District, La Plata County, Colorado: NAME OF CLAIM (Patented Lode) PATENT U.S. SURVEY NUMBER IDAHO MILLSITE 18320 IDAHO MILLSITE NO.1 18321 IDAHO MILLSITE NO.2 18321 ALPINE 18321 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 17108 HARTFORD 17108 ▇▇▇▇▇▇▇▇ 16616 GOOD HOPE 17124 SUNRISE 17124 ▇▇▇▇▇▇▇ 16616 MIDNIGHT 19646 ▇▇▇▇▇ 19515 MIDNIGHT NO.2 19646 PAY DAY 19516 "A" PAY DAY MILLSITE 19516 "B" which has the address of n/a (Property Address), together with all its appurtenances (the "Property").
Property in Trust. Grantor, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale and right of entry and possession, the following property located in the City of Lafayette and County of Boulder, State of Colorado: The real property described on Exhibit A, attached hereto and incorporated herein by reference (hereinafter referred to as "Real Estate"), together with the following, whether now owned or subsequently acquired by Grantor (all of which shall be collectively referred to as the "Property"):
A. All buildings, structures, and improvements of every kind now or hereafter located on the Real Estate;
B. All rights-of-way, easements, and all other appurtenances to the Real Estate;
C. All of Grantor's right, title, and interest in any land lying between the boundaries of the Real Estate and the center line of any adjacent street, road, avenue, alley, or public place, whether opened or proposed;
D. All of Grantor's right, title, and interest in all oil, gas, hydrocarbons, coal, sand, gravel, minerals or mineral rights, crops, timber, trees, shrubs, flowers, and landscaping features now or hereafter located on, under, or above the Real Estate;
E. All of Grantor's right, title, and interest in all machinery, appliances, apparatus, equipment, fittings, fixtures (whether actually or constructively attached, and including all trade, domestic and ornamental fixtures), now or hereafter located in, upon or under the Real Estate and used or usable in connection with any present or future operation thereof, including, but not limited to, all heating, air conditioning, freezing, lighting, laundry, incinerating and power equipment; engines; pipes; pumps; tanks; motors; conduits; switchboards; plumbing, lift, cleaning, fire prevention, fire extinguishing, refrigerating, ventilating, cooking, and communications apparatus; boilers, water heaters, ranges, furnaces, and burners; vacuum cleaning systems; elevators; escalators; shades; awnings; screens; storm doors and windows; stoves; refrigerators; attached cabinets; partitions; ducts and compressors; rugs and carpets; draperies; and all additions, thereto and replacements therefore (exclusive of any of the foregoing owned or leased by lessees of space in the improvements);
F. All awards and payments, including interest thereon, resulting from the exercise of any right of eminent domain or any other public or private taking of, injury to, or decreas...
Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to Trustee in trust, with power of sale, the following described property located in the City and County of [Denver], State of [Colorado]: ▇▇▇ ▇, ▇▇ ▇▇▇ ▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇, City and County of Denver, State of Colorado. known as No. ▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ (Property Address), Street Address City State Zip together with all its appurtenances (Property).
Property in Trust. Notwithstanding anything contained in this Scheme, until any property, asset, license, approval, permission, contract, agreement and rights and benefits arising therefrom are transferred, vested, recorded, effected and/or perfected, in the records of the Appropriate Authority(ies), regulatory bodies or otherwise, in favour of the Resulting Company, the Resulting Company is deemed to be authorized to enjoy the property, asset or the rights and benefits arising from the license, approval, permission, contract or agreement as if it were the owner of the property or asset or as if it were the original party to the license, approval, permission, contract or agreement. It is clarified that till entry is made in the records of the Appropriate Authority(ies) and till such time as may be mutually agreed by the Demerged Company and the Resulting Company, the Demerged Company will continue to hold the property and/or the asset, license, permission, approval as the case may be in trust on behalf of the Resulting Company. It is further clarified that on the Effective Date, notwithstanding the Scheme being made effective, any asset/liability identified as part of the Demerged Undertaking and pending transfer due to the pendency of any approval/consent and/or sanction shall be held in trust by the Demerged Company for the Resulting Company. Immediately upon receipt of such approval/consent and/or sanction such asset and/or liability forming part of the Demerged Undertaking shall without any further act/deed or consideration be transferred/vested in the Resulting Company, with all such benefits, obligations and rights with effect from the Effective Date. All costs, payments and other liabilities that the Demerged Company shall be required to bear to give effect to this Clause 21 shall be borne solely by the Resulting Company and the Resulting Company shall reimburse and indemnify the Demerged Company against all liabilities and obligations incurred by the Demerged Company in respect thereof.