Transfers to Trusts Sample Clauses

Transfers to Trusts. The Stockholders are permitted, at any time prior to the Closing Date to transfer their DBPC Common Stock and/or MDC Common Stock to a trust with respect to which each such transferor shall be the trustee. Each such trust shall become a party to this Agreement in place of the Stockholder so transferring such shares and the consideration otherwise payable to such transferring Stockholder shall be payable to such trust. In the event of such transfer, however, it is hereby expressly acknowledged by the Parties hereto that any such transfer is merely to accommodate the personal financial needs of the Stockholders and shall be effective only to permit the payment of the Purchase Price to such trusts and the Stockholders shall remain personally and fully responsible, obligated and liable for all of their respective representations, warranties, covenants, indemnities and agreements hereunder.
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Transfers to Trusts. A Member who is a natural Person shall be allowed to Transfer the Member’s Transferable Interest to a revocable trust without the consent of the Company provided: (i) the Member is the settlor and sole trustee of such Trust; and (ii) such Interest remains subject to all the terms of this Agreement.
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Transfers to Trusts. Notwithstanding anything to the contrary in this Residential Lot Lease, Home Owner shall be permitted to assign his or her interest under this Residential Lot Lease and to transfer the Residence to: (i) a trust created in connection with Home Owner’s estate planning, provided that the beneficial Home Ownership of the Residence does not change, (ii) Home Owner’s spouse, Domestic Partner, and/or lineal descendants, so long as Home Owner retains a life estate and exclusive rights to occupancy of the Residence for life, (iii) joint tenancy with Home Owner’s spouse and/or linear descendants, so long as Home Owner has exclusive rights to occupancy of the Residence for life, or
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Related to Transfers to Trusts

  • Amendments to Trust Agreement Subject to Section 11.1 of the Trust Agreement, the Indenture Trustee shall, upon Issuer Order, consent to any proposed amendment to the Trust Agreement or an amendment to or waiver of any provision of any other document relating to the Trust Agreement, such consent to be given without the necessity of obtaining the consent of the Owners of any Notes upon satisfaction of the requirements under Section 11.1 of the Trust Agreement. Nothing in this Section shall be construed to require that any Person obtain the consent of the Indenture Trustee to any amendment or waiver or any provision of any document where the making of such amendment or the giving of such waiver without obtaining the consent of the Indenture Trustee is not prohibited by this Indenture or by the terms of the document that is the subject of the proposed amendment or waiver.

  • Opinions as to Trust Estate (a) On the Closing Date, the Issuing Entity shall furnish to the Indenture Trustee an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any financing statements and continuation statements, as are necessary to perfect and make effective the lien and security interest of this Indenture and reciting the details of such action, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

  • Reports to Trustee (a) The Company will deliver to the Trustee within 120 days after the end of each fiscal year a certificate from the principal executive, financial or accounting officer of the Company stating that the officer has conducted or supervised a review of the activities of the Company and its Subsidiaries and their performance under the Indenture and that, based upon such review, the Company has fulfilled its obligations hereunder or, if there has been a Default, specifying the Default and its nature and status.

  • Limited Partners Rights to Transfer (a) Subject to the provisions of Sections 11.3(c), 11.3(d), 11.3(e), 11.4 and 11.6, a Limited Partner may, without the consent of the General Partner, Transfer all or any portion of its Limited Partner Interest, or any of such Limited Partner’s economic right as a Limited Partner. In order to effect such transfer, the Limited Partner must deliver to the General Partner a duly executed copy of the instrument making such transfer and such instrument must evidence the written acceptance by the assignee of all of the terms and conditions of this Agreement and represent that such assignment was made in accordance with all applicable laws and regulations.

  • Notices to Trustee If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it must furnish to the Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth:

  • Prior Notice to Trust Certificateholders with Respect to Certain Matters Subject to the provisions and limitations of Section 4.4, with respect to the following matters, the Securitization Trust shall not take action unless at least thirty (30) days before the taking of such action, the Owner Trustee shall have notified the Trust Certificateholders in writing of the proposed action and prior to the 30th day after such notice is given the Trust Certificateholders shall not have notified the Owner Trustee in writing that such Trust Certificateholders have withheld consent or provided alternative direction:

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