Trust Purposes Sample Clauses

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. The trust purposes (“Trust Purposes”) are: (i) That Trustee is to be the sole legitimate holder and owner of the Trust Estate administering the Trust Estate in accordance with Technical Committee’s instructions, in terms and under conditions of this Agreement throughout the effective term hereof. (ii) That Trustee acquires, purchases and/or subscribes and pays Plan Shares with funds contributed by Vesta into the Trust Estate (“Subscription Funds”); the above on the understanding that Vesta will only be entitled to receive, in exchange for the transfer of Subscription Funds or any other amount, a tax proof issued by Trustee in accordance with applicable tax laws. (iii) That Trustee receives Plan’s Part A Shares to be contributed by ▇▇▇▇▇ into the Trust Estate. (iv) That upon termination of this Trust and under the scenarios provided for under the Incentive Plan, Trustee is to transfer Vesta (or to those designated by the latter) any assets and rights then integrating the Trust Estate in accordance with instructions from Technical Committee and the Applicable Laws. (v) Trustee, in accordance with the provisions of this Agreement and as per instructions received by Technical Committee, is to perform the acts required or convenient for due implementation and performance with the Incentive Plan in accordance with Articles 57 and 367 of the LMV, including, among other: (a) the acquisition, subscription and/or payment of any Shares under Trust in accordance with the Incentive Plan and this Agreement; (b) reception of Distributions corresponding to Shares under Trust; (c) in accordance with the provisions of this Agreement, is to maintain, invest or deliver to Trust Beneficiaries, as applicable, Distributions received as holder and owner of Shares under Trust; and (d) Trustee is to transfer Shares under Trust to Trust Beneficiaries in accordance with this Agreement and the Incentive Plan. (vi) The exercise by Trustee of rights corresponding to the Shares under Trust integrating the Trust Estate (including, without limitation, Economic Rights and Voting Rights) in accordance with this Agreement and written instructions delivered thereto by Technical Committee, directly or through third parties at its instruction. (vii) The Transfer of Trust Beneficiary Rights corresponding to Shares under Trust in accordance with written instructions from Technical Committee and in strict adherence to provisions of this Trust and the Transfer of Shares and any Dividends or Distribu...

Trust Purposes. The primary purposes of this trust are: 1. Care of Grantor. To provide for our care and maintenance as long as at least one of us is living; 2. Avoid Conservatorship. To facilitate management of the trust property in the event of the incapacity of one or both of us; and 3. Transfer Property at Death. To facilitate transfer of the trust property on the death of the last of us to die with minimal or no court intervention or probate proceedings.

Trust Purposes. The purposes of this Trust are: a. That the Trustee receives all right, title and interest to the Trust Shares; that the Trustee receives and credits for the benefit of each Equity Settlor (including the Mexican Government pursuant to and to the extent contemplated in the definition of “Equity Settlors” in Clause 1 and in Clauses 3(b)(iv) and 23(b)(ii)), any Distributions attributable to the respective Equity Settlor; and that the Trustee maintains the Trust Shares transferred or delivered to, or acquired by, the Trustee pursuant to the terms of this Trust for the benefit of the Equity Settlors (including the Mexican Government as provided above) as herein provided; b. That the Trustee exercises all corporate and economic rights relating to the Trust Shares pursuant to the terms of Clauses 8, 9 and 10 hereof: c. That the Trustee notifies Nafin of and performs the sale of the Trust Shares and distributes the proceeds realized from that sale, together with any other rights, cash or assets attributable to the respective Trust Shares, pursuant to the terms of Clause 11 hereof; d. That the Trustee receives, manages, invests and disposes all moneys and amounts conforming Trust Assets pursuant to the terms of this Trust; e. That the Trustee grants, and receives from the Equity Settlors, the proxies and general or special powers-of-attorney required for the attainment of the purposes of this Trust and for the defense of the Trust Assets; f. That the Trustee exercises its rights as a third party beneficiary (or otherwise) arising under or pursuant to the Nafin Trust, as necessary or advisable, to enforce the obligations of Nafin thereunder, but always in accordance with the terms and provisions of this Trust; and g. That the Trustee performs all such other actions as required or otherwise provided under this Trust.

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 Grantor in connection with the matter described in Paragraph B, relating to or arising by virtue of the Grantor's service in or to the United States Senate, and to pay all taxes which arise from the existence of this Trust or for which the Grantor may become liable as a result of the establishment of this Trust. This Trust will be established, administered, and terminated in conformity with Senate Resolution 508, agreed to by the United States Senate on September 4, 1980, and the "Regulations Governing Trust Funds to Defray Legal Expenses Incurred by Members, Officers, and Employees of the United States Senate" promulgated September 30, 1980, and amended August 10, 1988, by the Select Committee. This Agreement hereby incorporates by reference the provisions of the aforementioned Resolution 508 and Regulations promulgated thereunder.

Trust Purposes. 2.1 The Trustees shall hold the Trust Fund upon trust to further the Purposes. 2.2 The Trustees may resolve any uncertainty regarding the Purposes or as to how they are to be furthered. 2.3 If the furtherance of the Purposes becomes in whole or in part: (a) impossible or impracticable; or (b) unlawful or contrary to public policy; or (c) obsolete in that, by reason of changed circumstances, the Purposes fail to achieve the general intent of this settlement; the Trustees may reform the Purposes as they think fit.

Trust Purposes. The general purposes of the Trust are to promote the financial welfare of Museum London and to ▇▇▇▇▇▇ 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 Trust is created pursuant to 12 Del. C. § 3556 for the following purposes (collectively, the “Purposes”): (1) Subject to the remaining Purposes set forth in this section (a), to receive and hold the Company’s Class B ordinary shares, no par value (“B Shares”), for the sole purpose of facilitating the delivery and transfer of such B Shares, in kind, to eligible owners of WePoints in accordance with the terms and conditions of the Shareback Agreement (as defined in section (h) of Article FIFTEENTH which shall automatically convert into the Company’s Class A ordinary shares, no par value (“A Shares”), upon such transfer to eligible owners of WePoints. The term “WePoints” shall have the meaning ascribed to such term (or any defined term replacing “WePoints” that has a substantially identical intended meaning thereto) under the Shareback Agreement. The Trustee shall make no delivery or transfer of B Shares pursuant to this provision until the Trustee receives the written information required to be delivered to the Trustee pursuant to the terms and conditions of the Shareback Agreement. For the avoidance of doubt, the primary purpose of this Trust is to carry out the delivery and transfer of the B Shares in accordance with the terms and conditions of the Shareback Agreement. (2) To receive and hold cash, and to invest cash received by the Trustee in interest bearing account(s) custodied at AAA-rated banks or in government bonds for interest-bearing accounts, or in any other cash equivalents, including money market funds (collectively, “Reserves”), in order to generate income for the payment and discharge of the proper expenses of the Trust from time to time. (3) To carry out any directions given to the Trustee by the Enforcer pursuant to section (d) or (e) of this Article. (4) For no other purpose and not for the benefit of the Trustee or any other person except as may be necessary and incidental to the administration of the Trust.

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 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, as set out in the constitution of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, as it exists from time to time.