Common use of Term of Trust Clause in Contracts

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.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

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 dateIndenture.

Appears in 2 contracts

Samples: Agreement Between the Incorporated Community of Nelson House and the Government of Manitoba and Manitoba Hydro Electric Board, Agreement Between the Incorporated Community of Nelson House and the Government of Manitoba and Manitoba Hydro Electric Board

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!