Transfer to Trust. At the Effective Time, the Depositor shall transfer and deposit into the Trust, for the purposes set forth herein, that number of shares of Common Stock equal to (a) the total number of shares of Common Stock issued pursuant to the Exchange less (b) that number of shares of Common Stock distributed in connection with the Initial Distribution. Such deposit, together with any dividends or distributions thereon made after the Effective Time and all other assets or rights held from time to time by the Trust, shall constitute the “Trust Estate.” In connection with such initial deposit, at the Effective Time, the Depositor shall deliver, or cause to be delivered, to the Trustee written confirmation of the number of shares of Common Stock that have been issued in the name of the Trust. In connection with each deposit made after the Effective Time, the Depositor shall deliver, or cause to be delivered, to the Trustee a written notice describing the assets so deposited and the rights of the Beneficiaries with respect thereto.
Transfer to Trust. Any Shareholder who is an individual may make a gratuitous transfer during his lifetime, without the written consent of the other parties to this Agreement (but with prompt written notice of any such transfer to be given to the other parties to this Agreement), of all or any part of his Stock to a revocable trust in which the Shareholder retains the absolute power to have the transferred Stock returned to him.
Transfer to Trust. To transfer and convey to the Trustee or co-Trustees of the trust agreement hereinabove referenced any or all assets now or at any time or times hereafter standing in my name or representing my interest in assets owned jointly, commonly, or otherwise with any other person or persons, including, without limitation, real estate, ownership rights in insurance policies of all kinds, cash, checks (particularly government and insurance checks), stocks, bonds, securities, and properties of all kinds; and pursuant to such purpose to terminate savings, checking, safekeeping, agency, investment advisory, and custody accounts in my name, alone or with others, at any bank or broker, by directing that all or any part of the balance therein, including all cash, stocks, bonds, and other securities and property, subject to any indebtedness secured thereby, be transferred and delivered to said Trustee or co-Trustees.
Transfer to Trust. (a) Grantor shall contribute the Trust Units to the Trust on the Closing Date and prior to the Effective Time. Grantor represents that, in the event the record date for any regular or special meeting or written consent of the holders of TransCo Common Units were to fall in the period between the Distribution Date and the Effective Time, Grantor would vote or consent the Trust Units in the same proportion as all other TransCo Common Units are voted or consented.
(b) Subject to the terms and conditions of this Agreement, each of the Trustee and Grantor shall take all actions required of it under this Agreement necessary to effectuate a Mandatory Distribution if any Trust Shares remain in the Trust on the twentieth Business Day prior to the date that is six months following the Trust Effective Time (the “Trust Expiration Date”); provided, however, that if on such date an Exchange Offer is currently being conducted and is reasonably expected to be consummated prior to the Trust Expiration Date, nothing in the foregoing shall require Grantor or the Trustee to terminate such Exchange Offer; provided, further, that, notwithstanding the foregoing, if such Exchange Offer does not close due to the failure of the Offer Conditions to be satisfied on the anticipated Exchange Offer Closing Date (or if such Exchange Offer is terminated by Grantor pursuant to Section 4.3(e) within twenty (20) Business Days of the then in effect Trust Expiration Date), then the Exchange Offer shall be terminated and, in order to permit a Mandatory Distribution pursuant to Section 4.4, the then in effect Trust Expiration Date shall be extended twenty (20) Business Days from the date such Exchange Offer is terminated. If a Demand Suspension (as defined in the Registration Rights Agreement) occurs (or continues to occur) within 60 days of the Trust Expiration Date, the Trust Expiration Date shall be extended until 60 days after such Demand Suspension has been terminated.
Transfer to Trust. In the event that the Purchaser's Class A Notes no longer have an investment grade rating, the Purchaser shall transfer any remaining Repurchase Shares to a trust which shall hold such Repurchase Shares subject to an agreement embodying the provisions of this Section 7.04. The trust shall have no business other than holding such Repurchase Shares. The Purchaser shall be the sole beneficial owner of such trust and shall have the right to appoint the trustee of the trust. Any expenses of the trust and the trustee shall be paid by the Company.
Transfer to Trust. The Optionee shall have the right to transfer all or any portion of the Optionee's interest in the Shares issued and delivered under this Agreement, to a trust established by the Optionee for the benefit of the Optionee or the Optionee's spouse or children, without being subject to the provisions of this Section 7, provided that the trustee on behalf of such trust shall agree in writing on a form prescribed by the Company to be bound by this Agreement.
Transfer to Trust. The Company transfers and assigns to the Trust, and the Trust hereby accepts, the Company’s entire right, title and interest in and to all of the Company’s assets, properties, rights and claims (the “Assets”) and all proceeds and income from investment and reinvestment in respect thereof (together with the Assets, the “Trust Property”).
Transfer to Trust. The Company hereby transfers, conveys and assigns to the Trust and the Trust hereby accepts the Company’s entire right, title and interest in and to all assets (tangible or intangible, known or unknown, whether personal property, real property or mixed) which the Company owns, holds or otherwise possesses (the “Assets”) and all proceeds and income therefrom, including from investment and reinvestment in respect thereof (together with the Assets, the “Trust Property”). The Trust Property is transferred and assigned to the Trust, and the Trust shall hold and deal with the Trust Property, in trust for the purpose of satisfying liabilities of the Company and of the Trust for the ultimate benefit of the “Beneficiaries” (as hereinafter defined), on the terms and conditions herein set forth. It is the intention of the parties that the Trust shall acquire title to the Assets and Trust Property so that the liquidation of the Trust Property shall be completed within three (3) years from the date of the Company’s dissolution, and that all claims and obligations of the Company shall be paid or otherwise provided for as contemplated by the Company’s Plan of Complete Liquidation and Dissolution.
Transfer to Trust. On the Exchange Date, the Depositor shall transfer and deposit into the Trust, for the purposes set forth herein, that number of Common Shares and Series B Preferred Shares equal to the total number of Common Shares and Series B Preferred Shares issuable pursuant to the Exchange. Such deposit, together with any dividends or distributions thereon made after the Exchange Date and all other assets or rights held from time to time by the Trust, shall constitute the “Trust Estate.” In connection with such initial deposit, as promptly as practicable after the Exchange Date, the Depositor shall deliver, or cause to be delivered, to the Trustee written confirmation of the number of Common Shares and Series B Preferred Shares that have been issued in the name of the Trust and a list procured from the Depository Trust Company identifying all eligible Exchange Participants and the number of Exchange Shares to which each such Exchange Participant is entitled. In connection with each deposit made after the Exchange Date, the Depositor shall deliver, or cause to be delivered, to the Trustee a written notice describing the assets so deposited and the rights of the Beneficiaries with respect thereto.
Transfer to Trust. On the effective date hereof, the Partnership shall transfer and deposit into the Trust all assets then owned by the Partnership, including all of its cash and cash equivalent investments for the purposes set forth herein. Such deposit, together with any income thereon and any other assets of the Trust, shall constitute the "Trust Property."
