Examples of First Trustee in a sentence
This agreement will allow the First Trustee to relinquish all interest in the Plan and for the Administrator and Custodian to allow the Plan to be re-registered in the name of the Second Trustee who will become the Investor in the Plan on exactly the same terms as the First Trustee.
Where a pension scheme trustee (“First Trustee”) invests Initial Capital into a Plan and the scheme member to which the Plan relates subsequently transfers to another pension scheme trustee (“Second Trustee”), the Administrator and Custodian will seek to allow the re- registration of the Plan from the First Trustee to the Second Trustee by means of a simple re-registration agreement.
Where a pension scheme trustee (“First Trustee”) invests Initial Capital into a Plan and the scheme member to which the Plan relates subsequently transfers to another pension scheme trustee (“Second Trustee”), the Plan Administrator will seek to allow the re-registration of the Plan from the First Trustee to the Second Trustee by means of a simple re- registration agreement.
The First Trustee will issue the Senior Beneficial Interests and the Subordinated Beneficial Interests under the First Trust Agreement and VWFSJ will be the initial beneficiary of those Beneficial Interests.
This agreement will allow the First Trustee to relinquish all interest in the Securities Account and for the Plan Manager to allow the Securities account to be re-registered in the name of the trustee of the Second Scheme who will takeover the Securities Scheme on exactly the same terms as the First Trustee.