Property of the Trust Sample Clauses

Property of the Trust. All payments and other proceeds of any type and from any source on or with respect to the Receivables shall be the property of the Trust, subject to the Lien of the Indenture and the rights of the Indenture Trustee thereunder.
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Property of the Trust. All improvements to the Premises become the property of the Trust.
Sample 1
Property of the Trust. Immediately upon execution of the this Agreement, ETPI shall convey to the Trust the sum of $100 in cash for the purpose of establishing an initial Trust Estate. Legal title to the Trust Estate shall be held either in the name of the Trust, or in the names of the Trustees on behalf of the Trust, as the Trustees may from time to time determine. The Trustees shall hold such property in Trust to be administered and disposed of by them pursuant to the terms of this Agreement. In the event that the Offering is not successful, this Trust shall terminate immediately, and any Trust assets remaining after payment of expenses shall be returned to ETPI. In the event that the Offering is successful, ETPI shall further fund the Trust as provided below. ETPI's delivery of the consideration described in section 2.3.1 and its commitment pursuant to this Agreement to provide the additional funding described in sections 2.3.2 and 2.3.3 shall be deemed payment in full of the Notes, and upon the Trustees' receipt of the consideration described in section 2.3.1, the Trustees shall mark the Notes "paid in full," deliver the Notes to ETPI, anx xxecute and deliver such additional documents to ETPI as may be necessary or appropriate to evidence full payment of the Notes and release of all security interests securing the Notes.
Sample 1
Property of the Trust. Pursuant to the Original Agreement, the Trustor sold, assigned, transferred, conveyed and set over to the Trust the sum of $1.00. The Delaware Trustee on behalf of the Trust acknowledged receipt, in trust, of the foregoing property, which was made part of the property of the Trust. The Trustor hereby sells, assigns, transfers, conveys and sets over to the Trust the Ownership Interest, without recourse. The Trust hereby acknowledges receipt, in trust, of the foregoing property, which shall be made part of the property of the Trust. The Trustor hereby agrees to sell, assign, transfer, convey and set over to the Trust on the Closing Date with respect to the Schedule B Tax Liens, without recourse, the increase in the Ownership Interest that the City will receive as a part of the purchase price for the Schedule B Tax Liens, and the Trust agrees to purchase such increase in the Ownership Interest. The purchase price shall be a corresponding increase in the value of the Beneficial Interest. The Trustor and the Trust hereby agree to execute the Bill of Sale on such date.‌
Sample 1
Property of the Trust. The Trust shall hold the legal title to the Trust Assets and shall hold such property in trust to be administered and disposed of by it pursuant to the terms of this Trust Agreement and the Trustee's Plan of Reorganization for the benefit of the Beneficial Owners. The Regular Trustee is authorized to make disbursements and payments from the Trust in accordance with this Trust Agreement and the Trustee's Plan of Reorganization.
Sample 1

Related to Property of the Trust

  • Property of the Company (i) Except as otherwise provided herein, all lists, records and other non-personal documents or papers (and all copies thereof) relating to the Company and/or any of its subsidiaries or divisions, including such items stored in computer memories, on microfiche or by any other means, made or compiled by or on behalf of the Employee, or made available to the Employee, are and shall be the property of the Company, and shall be delivered to the Company on the date of termination of the Employee's employment with the Company, or sooner upon request of the Company at any time or from time to time.

  • Management of the Trust The business and affairs of the Trust shall be managed by or under the direction of the Trustees, and they shall have all powers necessary or desirable to carry out that responsibility. The Trustees may execute all instruments and take all action they deem necessary or desirable to promote the interests of the Trust. Any determination made by the Trustees in good faith as to what is in the interests of the Trust shall be conclusive. In construing the provisions of this Declaration, the presumption shall be in favor of a grant of power to the Trustees.

  • Optional Preservation of the Trust Estate If the Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may, but need not, elect to maintain possession of the Trust Estate and continue to apply the proceeds thereof, in accordance with Sections 3.01 and 8.03. It is the desire of the parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such desire into account when determining whether or not to maintain possession of the Trust Estate. In determining whether to maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

  • Title to the Trust Estate Legal title to all the Trust Estate shall be vested at all times in the Issuer as a separate legal entity.

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