Transfer of Trust Sample Clauses
The Transfer of Trust clause governs the process by which the legal ownership and control of a trust are moved from one party to another. Typically, this clause outlines the conditions under which a trustee may transfer their responsibilities to a successor trustee, such as upon resignation, incapacity, or other specified events. It may also detail the necessary documentation and notifications required to effectuate the transfer. The core function of this clause is to ensure a smooth and orderly transition of trust management, thereby protecting the interests of the beneficiaries and maintaining the continuity of trust administration.
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Transfer of Trust. A partner ▇▇▇, after giving written notice to the other partners, transfer his interest in the partnership to a revocable living trust of which he is the grantor and sole trustee, so long as the trust adheres to the terms and conditions of this partnership agreement.
Transfer of Trust. Fund funds from the Bank to ADB under this Section 2 shall be made to the depository account designated by ADB in the relevant Cash Transfer Request in United States dollars unless otherwise agreed by the Bank.
Transfer of Trust. Upon the effective date of the appointment of a successor trustee pursuant to Section 5.7.2 hereof, the Trustee shall promptly transfer all Assets in the Trust (less any amounts due to the Trustee pursuant to Section 5.3 hereof) to the successor trustee to-be held under and pursuant to the terms and conditions of an agreement supplementary hereto or in the form hereof to assume any and all of the obligations of the Trustee hereunder.
Transfer of Trust. Shares to any Employee Affiliate not holding the Position of Managing Director or Above. An “Eligible Transfer” for purposes of this clause (a)(ii) means any distribution or transfer of Trust Shares to any Employee Affiliate not holding the position of Managing Director or above of any Control Affiliate (including by way of a distribution by a Holder to its limited partners); provided that (A) a contract or other arrangement (other than this Agreement) regarding the voting of such Trust Shares does not exist between any CS Affiliate and such transferee and (B) any proposed distribution or transfer will not be an Eligible Transfer if, immediately after giving effect to such distribution or transfer, the proposed distributee or transferee, together with its affiliates, would be an affiliate of the Corporation within the meaning of Rule 144 of the Securities Act. In connection with any distribution or transfer pursuant to this clause (a)(ii), CS Private Equity shall deliver a certificate of an officer of CS Private Equity certifying that, immediately after giving effect to such transfer, the conditions of clause (a)(ii)(A) and (B) are satisfied.
Transfer of Trust. Upon the resignation or removal of the Trustee and the appointment of a successor trustee, and after the acceptance and approval of its account, the Trustee shall transfer and deliver the Trust Fund to such successor. Under no circumstances shall the Trustee transfer or deliver the Trust Fund to any successor which is not a bank or trust company as hereinabove defined.
Transfer of Trust. Grantor herewith assigns, transfers, and conveys to Trustee the property described in Exhibit "A" attached hereto and made a part hereof by this reference, and receipt of such property is hereby acknowledged by Trustee. Such property, hereafter designated the Trust Estate, shall be held by Trustee in Trust for the uses and purposes and on the terms and conditions set forth herein.