Examples of Existing Trust in a sentence
However, an Existing Trust may become subject to this tax prior to the 2011 taxation year end if its equity capital increases beyond certain safe harbour limits measured against the market capitalization of the Existing Trust at the close of trading on October 31, 2006 (the "Safe Harbour Limits").
Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with AFC, the Seller, the Issuer, AmeriCredit, the Servicer, the Existing Trust, the Administrative Agent, the Trust Collateral Agent, the Backup Servicer, or the Trustee as though such Agent were not an agent hereunder.
A SIFT that was publicly listed before November 1, 2006 (an "Existing Trust") is subject to the tax on distributions commencing with the 2011 taxation year end.
The MDTA determined to finance the construction of the Seagirt Marine Terminal (the “Seagirt Marine Terminal”), which by Resolution, the MDTA designated as a General Account Project within the meaning of the Existing Trust Agreement, and to pay such costs from available funds of the MDTA.
The Existing Trustee and the Existing Trust Company shall remain entitled to its Retained Rights and shall remain bound to perform its Retained Obligations, as if it had remained the ‘Trustee’ or the ‘Trust Company’, as applicable, under the GATS Trust Instrument.
This Second Supplemental Trust Deed is supplemental to the Trust Deed dated 3rd April, 2002 (hereinafter called the Principal Trust Deed) and the First Supplemental Trust Deed dated 15th April, 2003 (the First Supplemental Trust Deed and, together with the Principal Trust Deed, the Existing Trust Deed) each made between the Issuer, the Guarantor and the Trustee relating to the U.S.$1,500,000,000 Medium Term Note Programme (the Programme) established by the Issuer.
The Existing Trust, on behalf of the Acquired Fund, will pay or cause to be paid to the Acquiring Fund any interest, cash or such dividends, rights and other payments received for the account of the Acquired Fund on or after the Exchange Date with respect to the Investments and other properties and assets of the Acquired Fund, whether accrued or contingent, received on or after the Exchange Date.
The provisions of Section 4.01 of the Existing Trust Agreement relating to indemnification of the Trustee shall survive the amendment and restatement of the Existing Trust Agreement.
Prior to the Closing Date, Enstar will seek to cause AmTrust and its Affiliates to amend the Existing Trust Agreements to provide for sub-accounts to hold assets allocable to the Subject Business, including the Retrocessionaire’s quota share thereof, and to amend the terms of the trusts created under the Existing Quota Share Reinsurance Agreement or other agreements to provide for sub-accounts to hold assets allocable to the Subject Business.
The Acquired Fund agrees that the liquidation and dissolution of the Acquired Fund will be effected in the manner provided in the Agreement and Declaration of Trust of the Existing Trust in accordance with applicable law and that, after the Exchange Date, the Acquired Fund shall not conduct any business except in connection with its liquidation and dissolution.