Term of the Trust. The Trust shall continue for a term ending on the later to occur of (a) the expiration of one (1) year from the date of the Trust; or (b) Payout of the contributed properties.
Term of the Trust. The term of the Trust shall commence on the date hereof and shall continue in full force and effect until no property of the Trust is held by the Trustees, and the Trustees shall have all the powers and discretions, expressed and implied, conferred upon them by law or by this Contract of Trust.
Term of the Trust. The term of this Agreement shall commence on the execution date of this Agreement and end on the Trust Termination Date.
Term of the Trust. This trust is irrevocable, for a term of 10 (years), from the date of its execution.
Term of the Trust. (a) Except as hereinafter provided, the Trust is irrevocable and shall continue and remain effective until (1) the Trust Assets have been fully distributed or expended in accordance with the terms and provisions of this Agreement and the Unclaimed Assets of the Trust have been disposed of in accordance with applicable law;
Term of the Trust. Each Beneficiary agrees that the trust created by ----------------- the Trust Agreement shall be irrevocable for the term set forth in this Paragraph 9.1. A Beneficiary may not withdraw the Shares of such Beneficiary at any time before the termination of this Trust Agreement. This Trust Agreement shall continue in effect until, and shall terminate upon, the earliest to occur of any of the following events (a "Terminating Event"): (i) September 30, 2000; (ii) the date on which one of the transactions set forth in Paragraph 3.1 (Voting Of Shares) occurs; or (iii) the failure to elect a successor Voting Trustee pursuant to Section 10 (Resignation And Replacement of Voting Trustee). The termination of the Trust shall not terminate: (A) the security interest of the Voting Trustee granted pursuant to Paragraph 3.7 (Security Interest For Repayment); and (B) the exculpation of liability and indemnity provided to the Voting Trustee pursuant to Section 8 (Liability And Indemnification Of Voting Trustee).
Term of the Trust. This trust is irrevocable, for a term that will conclude on May 31st, 2013, date in which this Trust will be concluded. The Trust may be renewed by additional periods of 5 years, if the totality of the members of the Technical Committee agree so in writing and such amendment is formalized in accordance with article twenty-two of this document. In the event of termination of this Trust, the process mentioned on article fourth, paragraph k), shall be followed.
Term of the Trust. The term of this Trust shall be 30 (thirty) years, unless a longer term is permitted by law, in which case the term shall be that maximum permitted by law. Once the term permitted by law expires, the assets of the Trust may be transferred to a new trust having the same terms and conditions as set forth in this Trust Agreement. Notwithstanding the foregoing, the Trust may be terminated at any moment by recommendation from the Technical Committee acting upon the explicit direction of the MAXCOM Board of Directors given in compliance with Article 11 of the By-laws, provided the Trustee is given a 30-day prior notice. In any case, in order to extinguish the Trust the provisions of Article 228-T of the General Law of Negotiable Instruments and Credit Transactions shall be followed.
Term of the Trust. The duration of this Trust will be twenty (20) years starting from June 29, 2003, and shall be extended by means of written notice given to the TRUSTEE by the Technical Committee, at least six (6) months before the expiration date of the original term or its prorogation. In any case, for the termination of the Trust, the provisions of Article 228t. of the Ley General de Titulos y Operaciones de Credito (General Negotiable Instruments and Credit Operations Law) shall have to be followed.
Term of the Trust. DISSOLUTION AND DISTRIBUTION