TERMS AND CONDITIONS OF TRUST Sample Clauses

TERMS AND CONDITIONS OF TRUST. FOR DJIA TARGET 5 PREMIER TRUST, MAY 1998 SERIES ("TARGET 5 PREMIER TRUST") The following special terms and conditions are hereby agreed to: A. The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in the Schedules hereto. B.
Sample 1See All (5)
AutoNDA by SimpleDocs
TERMS AND CONDITIONS OF TRUST. FOR GLOBAL TARGET 15 PREMIER TRUST, MARCH 1998 SERIES ("GLOBAL TARGET 15 PREMIER TRUST") The following special terms and conditions are hereby agreed to: A. The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in the Schedules hereto. B.
Sample 1
TERMS AND CONDITIONS OF TRUST. FOR DJIA TARGET 10 TRUST, FEBRUARY 1998 SERIES ("TARGET 10 TRUST") The following special terms and conditions are hereby agreed to: A. The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in the Schedules hereto. B.
Sample 1
TERMS AND CONDITIONS OF TRUST. The Trustee accepts the trust created hereby upon the terms and conditions hereof, including the following, to all of which the parties hereto agree: (a) The Trustee may execute any of the Trustee’s powers hereof and perform any duty hereunder either directly or by or through its agents or attorneys. (b) The Trustee may consult with counsel, selected by or satisfactory to it, and the Trustee shall be fully protected in respect of any action taken, omitted or suffered by them hereunder in good faith and in accordance with an opinion of such counsel. (c) In any foreclosure, receivership, bankruptcy, insolvency, liquidation, reorganization, readjustment or other proceeding involving NHSA JPS, its creditors or its property, the Trustee may file from time to time one or more claims as a creditor thereof for its expenses, liabilities incurred in good faith and without negligence, and advances (including the reasonable compensation and expenses of its counsel and of persons not regularly in its employ and engaged by it in connection with the proceeding) made or incurred by the Trustee in the execution of the trust created hereby and in the exercise and performance of any of the powers or duties of the Trustee hereunder and for which NHSA JPS is liable hereunder. (d) Whenever in the administration of the trust created hereby the Trustee shall deem it necessary or desirable that a matter be proved or established in connection with the Trustee’s taking, suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved or established, with respect to the Trustee’s responsibilities only, by written statement delivered to the Trustee by NHSA JPS or Lender, as applicable, and the same shall be full warrant to the Trustee for any action taken, suffered or omitted by it in good faith in reliance thereon. (e) The Trustee may rely and shall be protected in acting upon any certified resolution, officers’ certificate, opinion of counsel, statement, certificate, instrument, opinion, report, notice, request, consent, order, note or other paper or document believed by Trustee in good faith to be genuine and to have been signed and presented by the proper party or parties. (f) All monies received by the Trustee hereunder or pursuant hereto shall be held as a trust deposit for the purposes for which they are paid or are held and shall be invested as provided for in this Trust...
Sample 1
TERMS AND CONDITIONS OF TRUST. With respect to any qualified Sub-Chapter S trust: there shall be only one current income beneficiary of the trust during the life of the current income beneficiary [Section 1361(d)(3)(A) of the Internal Revenue Code.]; and any distributions of income or principal from the trust during the life of the current income beneficiary shall be made only to that beneficiary [Section 1361(d)(3)(A) of the Internal Revenue Code.] who must be a citizen or resident of the United States [Section 1361(d)(3)(B) of the Internal Revenue Code; and the income interest of the current income beneficiary must terminate on the death of the current income beneficiary or the termination of the trust, whichever occurs first; and the trust must distribute all if its assets to the current income beneficiary on termination of the trust during that beneficiary's life; and all the income of the trust, as defined in Section 643(b) of the Internal Revenue Code. shall be distributed currently to the current income beneficiary [within in the meaning of Section 1361(d)(3)(B) of the Internal Revenue Code.]. Further, any income that is accrued, accumulated, or undistributed on the death of the current income beneficiary shall be distributed in a manner permitted by Section 1361(d)(3)(B) of the Internal Revenue Code.
Sample 1
TERMS AND CONDITIONS OF TRUST. These Terms and Conditions of Trust, effective __________________, 2000, are executed by GENESIS FINANCIAL GROUP, INC., a Michigan corporation, as settlor and sponsor ("Sponsor"), and __________________________, _____________________________ and __________________________ as Trustees (collectively, "Trustees" or "Board of Trustees"), and shall be applicable to the Gen-Net Lease Income Fund Trust, Corporate and Government Series.
Sample 1

Related to TERMS AND CONDITIONS OF TRUST

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."

  • TERMS AND CONDITIONS OF THE NOTES The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • General Terms and Conditions of the Notes Section 201.

  • TERMS AND CONDITIONS OF AGREEMENT INSURANCE REQUIREMENTS: During the term of this Agreement, consultant/contractor shall maintain insurance documentation per the limits and requirements outlined:

  • Terms and Conditions of Sale This Price List supersedes all previous price lists.

  • Terms and Conditions of Use NASCAR shall have the right to use and sublicense PROMOTER’s Marks in connection with publicity, promotion or advertising of the Event and the NASCAR Sprint Cup Series, and the exploitation of Live Broadcast Rights and Ancillary Rights, provided, however, that NASCAR shall not, without the prior written consent of PROMOTER, use or sublicense the use of PROMOTER’s Marks on the branding of any retail package product, unless otherwise expressly permitted in this Agreement.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.

  • TERMS AND CONDITIONS OF OFFER This is an offer to purchase the Property in accordance with the above-stated terms and conditions of this Agreement. If at least one, but not all, of the Parties initial such pages, a counteroffer is required until an agreement is reached. The Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of acceptance. If this offer is accepted and the Buyer subsequently defaults, the Buyer may be responsible for payment of licensed real estate agent(s) compensation. This Agreement and any supplement, addendum, or modification, including any copy, may be signed in two or more counterparts, all of which shall constitute one and the same writing.

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