Term of Trust. This Trust shall continue in full force and effect until all of the Shares and other property held as a part of the corpus of this Trust shall have been distributed by the Trustees.
Term of Trust. The Trust shall continue until all the collective bargaining agreements providing for contributions to the Trust have expired, all Trust assets have been disbursed and the Trustees, District and Association agree to the termination of the Trust.
Term of Trust. Subject to prior dissolution by a court of competent jurisdiction, the Trust shall terminate and dissolve one day prior to the twenty-first anniversary of the date of this Indenture unless prior to the twenty-first anniversary the Community Council by resolution directs the Trustees to delay the date of dissolution to a later date.
Term of Trust. The Term shall commence on the Delivery Date, and shall terminate on the Trust Termination Date. The “Trust Termination Date” shall be the earliest of (i) the Distribution of all the Distributed Shares and the delivery to transferees from the Trust, which may include MSF and the MSF Subsidiaries, as provided in Section 5(e) above, of all the Retained Shares, together with all the other Trust assets, if any, pursuant to the applicable provisions of this Trust Agreement, (ii) the date following the Distribution Date when MSF is deemed by the Federal Reserve to not “control” the Company under Section 2(a)(2) of the Bank Holding Company Act of 1956 (the “BHC Act”) as a result of its Company Share ownership or otherwise, and (iii) the Business Day immediately preceding the second anniversary of the Delivery Date. The Company and the MSF Representatives shall confirm the occurrence of such events in an Officer’s Certificate delivered to the Trustee.
Term of Trust. This trust is a trust of an indefinite period. During the term of this trust, except where a lockup period, limitation on early redemption or similar investment period limitations are further specified in respect of the trust investment product , any party may inform the other party in writing in advance to terminate the trust relationship between the two parties according to Article 16 of Section 1 of these Non-discretionary Money Trust Investment Service Terms and Conditions at any time.
Term of Trust. The Trust created by this Trust Agreement shall continue for a period of twenty (20) years from the date of the execution of the Trust Agreement. Not later than the thirtieth (30th) day prior to the expiration of the twenty (20) year term, the Trustee shall give written notice to the Beneficiaries of the pending termination of the Trust. The Beneficiaries by unanimous consent shall have the right to renew this Trust Agreement for a term of an additional twenty (20) years by submitting their intention to do so in writing to the Trustee. In the event that an agreement extending the term of the Trust has not been agreed to in writing by all of the Beneficiaries within sixty (60) days from the date of the notification, the Trustee shall either sell the Trust Property at public sale on reasonable notice and shall divide the proceeds of sale among all of the Beneficiaries in accordance with their respective interests or, upon written direction of the Beneficiaries or their designees shall convey the Trust Property to the Beneficiaries in accordance with their respective interests.
Term of Trust. (a) The Term shall commence on the Delivery Date, and shall terminate on the Trust Termination Date. The “Trust Termination Date” shall be the earliest of (i) the Distribution of all the Distributed Shares and the delivery to transferees from the Trust, which may include MSF or the Company, as provided in Section 5 above, of all the Retained Shares, together with all the other Trust assets, if any, pursuant to the applicable provisions of this Trust Agreement and (ii) the date following the Distribution Date when MSF is deemed by the Federal Reserve to not “control” the Company under Section 2(a)(2) of the BHC Act as a result of its Company Share ownership or otherwise, provided no Control Event has occurred or is continuing and the period for delivery of a No Control Event Certificate has expired without delivery of such Certificate. Otherwise, the Trust shall terminate no later than the Business Day immediately preceding the second anniversary of the Delivery Date, provided no Control Event has occurred and is continuing (the “Outside Date”). The Company and the MSF Representatives shall confirm the occurrence of such events in Officer’s Certificates delivered to the Trustee.
Term of Trust. This trust shall commence on the date hereof and shall terminate when the Trustee disposes of the Current IRC Stock in accordance with the terms hereof.
Term of Trust. The Trust created by this Agreement is expressly declared to be irrevocable and shall commence upon the date of this Agreement and shall terminate upon the date on which the Trust no longer holds any Stock. At any time within 20 days after the termination of this Agreement, the Trustee shall instruct Holdings to cancel any remaining shares of Stock listed as outstanding on Holdings’ Class B Common Stock ledger. Upon such cancellation all further liability of the Trustee shall cease, and the Trustee shall not be required to take any further action hereunder.
Term of Trust. The Trust shall be for an indefinite term; provided, however, that, if this Agreement would be unenforceable in any legal event, then the term of this Agreement shall be limited to the maximum period permitted by law.
