Common use of Purposes of the Trust Clause in Contracts

Purposes of the Trust. The general purpose of the Trust is the acquisition or construction of real estate properties in Mexico destined for lease, the acquisition of the right to obtain income from the lease of such real estate properties, as well as to grant financing for such purposes secured by the respective leased real estate properties, in each case directly or through trusts (including, without limitation, through the Investment Trusts), in accordance with Articles 187 and 188 of the LISR and other applicable tax provisions; provided, that in order to comply with such general purpose, the Trustee shall, through the powers of attorney granted to the Manager or in accordance with the written instructions received from the Manager; (i) carry out Issuances in accordance with the terms of this Agreement, (ii) receive and apply the Issuance Proceeds derived from each Issuance pursuant to the terms of this Agreement, including for the payment of Trust Expenses, (iii) make Investments pursuant to Article IX, (iv) acquire, maintain and divest the rights and assets that comprise the Trust Estate and distribute and manage the Issuance Proceeds derived from each Issuance in the Trust Accounts, (v) make Distributions pursuant to Section 12.1 and Section 12.2, (vi) engage in any such other activities as the Manager deems necessary, advisable, convenient or additional to the foregoing, and (vii) carry out any other lawful acts or activities consistent with the foregoing (the “Purposes of the Trust”). In connection with the Purposes of the Trust, the Trustee shall:

Appears in 2 contracts

Samples: www.fibramacquarie.com, www.fibramacquarie.com

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Purposes of the Trust. The general purpose of the Trust is the acquisition or construction of real estate properties in Mexico destined for lease, the acquisition of the right to obtain income from the lease of such real estate properties, as well as to grant financing for such purposes secured by the respective leased real estate properties, in each case directly or through trusts (including, without limitation, through the Investment Trusts), in accordance with Articles 187 and 188 of the LISR and other applicable tax provisions; provided, that in order to comply with such general purpose, the Trustee shall, through the powers of attorney granted to the Manager or in accordance with the written instructions received from the Manager; (i) carry out Issuances in accordance with the terms of this Agreement, (ii) receive and apply the Issuance Proceeds derived from each Issuance pursuant to the terms of this Agreement, including for the payment of Trust Expenses, (iii) make Investments pursuant to Article IX, (iv) acquire, maintain and divest the rights and assets that comprise the Trust Estate and distribute and manage the Issuance Proceeds derived from each Issuance in the Trust Accounts, (v) make Distributions pursuant to Section 12.1 and Section 12.212.1, (vi) engage in any such other activities as the Manager deems necessary, advisable, convenient or additional to the foregoing, and (vii) carry out any other lawful acts or activities consistent with the foregoing (the “Purposes of the Trust”). In connection with the Purposes of the Trust, the Trustee shall:

Appears in 2 contracts

Samples: www.fibramacquarie.com, static.macquarie.com

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