CBA TRUST definition
Examples of CBA TRUST in a sentence
Subject to clause 1.6, where words or phrases used but not defined in this Agreement are defined in the Master Trust Deed in relation to a Series Trust (as defined in the Master Trust Deed) and/or an Other Trust such words or phrases are to be construed in this Agreement, where necessary, as being used only in relation to the Series Trust (as defined in this Agreement) and/or the CBA Trust, as the context requires.
Where words or phrases used but not defined in this Agreement are defined in the Master Trust Deed in relation to a Series Trust (as defined in the Master Trust Deed) and/or an Other Trust such words or phrases are to be construed in this Agreement, where necessary, as being used only in relation to the Series Trust (as defined in the Series Supplement) and/or the CBA Trust, as the context requires.
The beneficial interest in the CBA Trust is vested absolutely in the Sellers, in accordance with clause 2.2.
Notwithstanding clause 29.1, the Trustee also enters into this Deed in its capacity as trustee of the CBA Trust.
Upon receipt of that notice, the Trustee must promptly terminate the CBA Trust.
The CBA Trust commences on the date of its constitution as referred to in this Deed and ends on its Termination Date (as if every reference in the definition of this term in clause 1.1 of the Master Trust Deed to a Series Trust was to the CBA Trust).
The Trustee enters into this Deed in its capacity as trustee of the CBA Trust (in addition to entering into this Deed in its capacity as trustee of the Series Trust).
Following a declaration in accordance with clause 24.2, the Trustee must continue to hold its interest in the CBA Trust Assets in accordance with this Deed.
Clauses 29.1 to 29.5 (inclusive) do not apply to the extent, and only to the extent, that the Trustee enters into this Deed in its capacity as Trustee of the CBA Trust and has liabilities in relation to the CBA Trust.
For employees hired prior to April 1, 2008 who never opted off the tiers, the Board shall pay the entire premium cost for coverage under the CBA Trust Health Plan thru December 31, 2013.