Trust Purposes. The sole purpose of this Trust is to receive funds and to pay all expenses reasonably related to the legal representation of the Beneficiary in connection with the matter described in Article I, relating to or arising by virtue of the Beneficiary’s employment by or service to the [agency], and to pay all taxes which arise from the existence of this Trust or for which the Beneficiary may become liable as a result of the establishment of this Trust. This Trust will be established, administered, and terminated in conformity with all applicable gift and ethics rules, including but not limited to 5 C.F.R. § 2635 and 5 U.S.C. §§ 7351 and 7353, and all applicable rules governing Federal Executive Branch employees.
Trust Purposes. During the term of this Agreement, the trust property is hereby formed, and shall be composed of, as applicable, the following assets (jointly, the “Trust Property”):
Trust Purposes. The purposes of this Irrevocable Management Trust Agreement (the “Trust Purposes”) are that the Trustee perform each and every one of the activities, and that it complies with each and every one of the obligations described in this Clause 2.4, and in this Agreement, including (i) receiving the Initial Contribution, the Vitel Shares, and the OBM Shares, and exercise, under instructions from the Beneficiary A, and Beneficiary B, as applicable, the corporate and property rights and obligations resulting from holding the Vitel Shares, and the OBM Shares, respectively, in terms of this Agreement and in compliance with the Shareholders Agreement; (ii) manage the Trust Property pursuant to the provisions of this Agreement; (iii) provide to the Beneficiaries the Distributions that it receives as a result holding the Vitel Shares and the OBM Shares, respectively, in terms of this Agreement; and (iv) perform all such activities that the Beneficiaries, as applicable, instruct the Trustee in writing, which are specific for the activities described in this Clause. In connection with the foregoing, the Trustee shall:
Trust Purposes. The primary purposes of this trust are:
Trust Purposes. (a) The Trust Founders-Beneficiaries hereby instruct and authorize the Trustee to take the actions and steps needed to meet the following Trust Purposes:
Trust Purposes. 2.1 The Trustees shall hold the Trust Fund upon trust to further the Purposes.
Trust Purposes. The general purposes of the Trust are to promote the financial welfare of Museum London and to xxxxxx a continuing improvement in the services offered by Museum London and the development and implementation of programs to assist with the needs of Museum London for the benefit of the public generally. In this regard, the Trustee shall work cooperatively with representatives of each Beneficiary to develop and implement strategic plans and policies for the management and use of the Trust Property, consistent with the purposes set out in this Agreement and in the Letter of Understanding. In developing and implementing the strategic plans, the Trustee may seek expert advice on investments, taxation, strategic planning, finance and such other advice as the Trustee deems appropriate in the circumstances.
Trust Purposes. The purposes of the Trust are to manage and invest the assets and income of the Trust Fund for the benefit of, and in order to support, the charitable activities and objects of Xxxxxxxxx Xxxxx, as set out in the constitution of Xxxxxxxxx Xxxxx, as it exists from time to time.
Trust Purposes. The purposes of this Agreement (the "Trust Purposes") are to guarantee the timely and proper performance and payment of each and every one of the Obligations Guarantees for the benefit of the Trust Beneficiary. For such purposes and effects the Trustee must:
Trust Purposes. The sole purpose of this Trust is to receive donations and to pay all expenses reasonably related to the legal representation of any designated beneficiary of the Trust in connection with the matter described in Paragraph B. This Trust will be established, administered, and terminated in conformity with the New York Estates, Powers, and Trusts Law, Chapter 11 of Title 3 of the New York City Administrative Code, and Rules of the New York City Conflicts of Interest Board.
