Terms of Trust Sample Clauses

Terms of Trust. Terms of the trust account Preamble Subject to compliance with laws and the Bank's policies, the Applicant may instruct the Bank, whether in person or through other means agreed, to activate the opened trust account, and commence using it with immediate effect once the Applicant receives confirmation from the Bank. The Applicant understands and agrees that the Bank may reject the Applicant's request to subscribe to certain products that are bound by law to undergo investor suitability analysis, and based on which the Applicant is deemed unsuitable for the product requested. The Applicant also agrees to comply with the terms mentioned herein. The Applicant has been given a reasonable amount of time to review the terms and rules pertaining to trust services. The Applicant is expected to comprehend the terms of the trust, including but not limited to the Bank's policies concerning the use of special purpose money trust for local/foreign securities investments, before utilizing trust services. One. Common trust clauses (Use of special purpose money trust for local/foreign securities investments)
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Terms of Trust you have disclosed to us the full particulars of the Trust and of any other trust or fiduciary relationship affecting the Trust assets and have given us a complete and up-to-date copy of the Trust Deed;
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Terms of Trust. As a Sponsoring Employer under the Trust Agreement, you agree to be bound by all of its terms and conditions, which are incorporated by reference into this Participation Agreement. The Trust Agreement contains terms governing, among other things, the power to amend or terminate, the power to establish funding rates, the power to impose withdrawal and termination liability and the requirement that Sponsoring Employers provide indemnification. Sponsoring Employer Plan. Any function or responsibility not specifically assigned or delegated to GBS, or its successor, with respect to administration of the Sponsoring Employer’s Plans are retained by Sponsoring Employers and will be carried out by the person or entity that has been designated by the Sponsoring Employer. GBS, or its successor, will have the duties with respect to the Sponsoring Employers delegated to them by the Trustees. Determining COBRA Applicability. COBRA is a Federal Law that provides for self-pay continuation of group health plan benefits when certain events occur that cause coverage under a group plan to cease. The employer must determine whether COBRA applies to its group health plan. MSABT recommends that employers seek advice from their legal counsel in making this determination. However, generally, an employer determines whether COBRA applies to its group health plan for each calendar year using the following parameters: On January 1 of every year, the employer looks back at the prior year to determine whether a minimum of 20 employees were employed on a typical business day for at least 50% of its business days. If a minimum of 20 employees were employed, then COBRA applies for the current year. All common-law employees must be counted regardless of their eligibility or participation for the group health plan. This includes all full-time and part-time employees (counts as a fraction of a full-time employee.)
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Terms of Trust. As a Sponsoring Individual under the Trust Agreement, you agree to be bound by all of its terms and conditions, which are incorporated by reference into this Participation Agreement. The Trust Agreement contains terms governing, among other things, the power to amend or terminate, the power to establish funding rates, the power to impose withdrawal and termination liability and the requirement that Sponsoring Individuals provide indemnification. Sponsoring Individual Plan. Any function or responsibility not specifically assigned or delegated to GBS, or its successor, with respect to administration of the Sponsoring Individual’s Plans are retained by Sponsoring Individuals and will be carried out by the person or entity that has been designated by the Sponsoring Individual. GBS, or its successor, will have the duties with respect to the Sponsoring Individuals delegated to them by the Trustees. Requirements. The Sponsoring Individual is required to remit premiums and other information to the Trust concerning the Sponsoring Individual’s Plans. Xxxxxxxx and coverage for the Sponsoring Individual’s Plans are based on the information that Sponsoring Individual supplies, so it is important that this be accurate, complete and timely. The Trust reserves the right to audit the Sponsoring Individual’s enrollment eligibility records. The Trust will not be responsible for missed deadlines due to the Sponsoring Individual’s non-response or late response to requests for data or information. None of the Trust, Trustees, GBS employees, officers, producers nor consultants will be liable for any damages or other consequences (including errors in xxxxxxxx, coverage or other administration) that result from use of inaccurate or incomplete information that the Sponsoring Individual provides. The Sponsoring Individual, or a principal of the Sponsoring Individual is also required to be a Member of the Microsoft Alumni Network. If the Sponsoring Individual (or its Principal) ceases to be a Member, coverage will end on the later of: (i) sixty (60) days following the date that the Sponsoring Individual (or its Principal) ceased to be a Member; or (ii) thirty (30) days after the Trustees give notice that coverage is being terminated due to the fact that the Sponsoring Individual is no longer a Principal. Not more than 60-day retroactive eligibility adjustments from the Sponsoring Individual’s will be considered. All monthly premium amounts due are to be paid in full as billed. SIGNAT...
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Terms of Trust. The terms of the Trust shall provide that upon a Change in Control (i) the Trust shall not be revoked or the principal thereof invaded, without the written consent of Director, (ii) the Trustee shall advance, within ten business days of a request by Director, any and all Expenses to Director (and Director hereby agrees to reimburse the Trust upon the circumstances under which Director would be required to reimburse Toro under Section 2(b) of this Agreement), (iii) the Trust shall continue to be funded by Toro in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to Director all amounts which Director shall be entitled to, pursuant to this Agreement or otherwise, and (v) all unexpended funds in such Trust shall revert to Toro upon a final determination by the Reviewing Party or a court of competent jurisdiction, as the case may be, that Director has been fully indemnified under the terms of this Agreement. The Trustee shall be chosen by Director. Nothing in this Section 4 shall relieve Toro of any of its obligations under this Agreement.
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Terms of Trust 
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Related to Terms of Trust

  • Situs of Trust The Trust will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be located in the State of Delaware or the State of New York. Payments will be received by the Trust only in Delaware or New York and payments will be made by the Trust only from Delaware or New York. The Trust shall not have any employees in any state other than Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee, the Servicer or any agent of the Trust from having employees within or outside the State of Delaware. The only office of the Trust will be at the Corporate Trust Office located in Delaware.

  • Amendment of Trust Agreement The Trust Agreement may be amended or supplemented from time to time by the Depositor and the Trustee without the consent of any of the Certificateholders to (a) cure any ambiguity, (b) correct or supplement any provisions herein which may be inconsistent with any other provisions herein, (c) modify, eliminate or add to any of its provisions to such extent as shall be necessary or appropriate to maintain the qualification of the Trust (or any assets thereof) either as a REMIC, as applicable under the Code at all times that any Certificates are outstanding or (d) make any other provisions with respect to matters or questions arising under the Trust Agreement or matters arising with respect to the Trust which are not covered by the Trust Agreement which shall not be inconsistent with the provisions of the Trust Agreement, provided that such action shall not adversely affect in any material respect the interests of any Certificateholder. Any such amendment or supplement shall be deemed not to adversely affect in any material respect any Certificateholder if there is delivered to the Trustee written notification from each Rating Agency that rated the applicable Certificates to the effect that such amendment or supplement will not cause that Rating Agency to reduce the then current rating assigned to such Certificates, as well as an Opinion of Counsel that such amendment or supplement will not result in the loss by the Trust or the assets thereof of REMIC status. The Trust Agreement may also be amended from time to time by the Depositor and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust Agreement or of modifying in any manner the rights of the Holders of Certificates; provided, however, that no such amendment shall (A) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (B) adversely affect in any material respect the interests of the Holders of any Class of Certificates, or (C) reduce the aforesaid percentage of Certificates the Holders of which are required to consent to any such amendment, unless each Holder of a Certificate affected by such amendment consents. For purposes of the giving or withholding of consents pursuant to this Section 11.01, Certificates registered in the name of the Depositor or an Affiliate shall be entitled to Voting Rights with respect to matters affecting such Certificates. Prior to consenting to any amendment, the Trustee shall be entitled to receive an Opinion of Counsel from the Depositor stating that the proposed amendment is authorized and permitted pursuant to this Trust Agreement. Promptly after the execution of any such amendment, the Trustee shall notify Certificateholders of such amendment and, upon written request, furnish a copy of such amendment to any Certificateholder. It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe.

  • Duration of Trust Unless terminated as provided herein, the Trust shall have perpetual existence.

  • 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.

  • Agreement and Declaration of Trust These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the "Declaration of Trust"), of the above-captioned Massachusetts business trust established by the Declaration of Trust (the "Trust").

  • Creation of Trust The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the “Voting Matters”):

  • Termination of Trust Indenture Upon (or at any time after) payment in full of the Original Amount of, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that there shall then be no other Secured Obligations due to the Indenture Indemnitees, the Note Holders and the Mortgagee hereunder or under the Participation Agreement or other Operative Agreement, the Owner Trustee shall direct the Mortgagee to execute and deliver to or as directed in writing by the Owner Trustee an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Trust Indenture and releasing the Lease, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement and the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and the Mortgagee shall execute and deliver such instrument as aforesaid and give written notice thereof to Lessee; provided, however, that this Trust Indenture and the trusts created hereby shall earlier terminate and this Trust Indenture shall be of no further force or effect upon any sale or other final disposition by the Mortgagee of all property constituting part of the Trust Indenture Estate and the final distribution by the Mortgagee of all monies or other property or proceeds constituting part of the Trust Indenture Estate in accordance with the terms hereof. Except as aforesaid otherwise provided, this Trust Indenture and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

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