Applicable Laws definition
Examples of Applicable Laws in a sentence
The Trust, the Trustee, the Manager or any Investment Manager shall not, in carrying out investment activities, be in any way restricted by the provisions of the laws of any jurisdiction limiting or purporting to limit investments which may be made by trustees (and in particular shall not be limited by sections 27 and 27.1 of the Trustee Act (Ontario)), but shall be limited by the Investment Policy contained herein and Applicable Laws to which the Trust is subject.
The Trust, its Units and its property shall be governed by the general law of trusts, except as such general law of trusts has been or is from time to time modified, altered or abridged for unit trusts and for the Trust by Applicable Laws of Canada or requirements imposed by applicable Securities Authorities of Canada or other Canadian regulatory authorities or by the terms, conditions and trusts set forth in this Trust Agreement.
It shall be the responsibility of the Manager to ensure that all investments of the Trust Property held by the Trustee and at the Facilities are made in such a way as to comply with any statement made in any current Disclosure Documents or like offering document of the Trust as to the Investment Policy applicable to the Trust and so as to comply with this Trust Agreement and Applicable Laws.
The term “power”, as used in this section, shall be deemed to mean and include those things which a party hereto may or will in the future do or refrain from doing in the management, supervision and carrying out of the Trust created by this Trust Agreement in accordance with the terms hereof and Applicable Laws.
Unless otherwise specified herein or where required by Applicable Laws, all references herein to currency shall be references to currency of the United States of America.