Examples of GATS Trust Instrument in a sentence
Unless otherwise defined in this Instrument, capitalised terms used in this Instrument have the meaning given to them in the GATS Trust Instrument (including those incorporated by reference to the Master Terms).
Resignation or Removal of Existing Trustee With effect from the Effective Time, the Existing Trustee resigns or is removed as ‘Trustee’ under the GATS Trust Instrument pursuant to section 11.1 of the Master Terms, as applicable, as determined by the checked box in Schedule 5 (Trustee Resignation/Removal).
Amendments to Description of GATS Trust Documents Part 2 (Description of GATS Trust Documents) of schedule 4 (Description of Trust Documents) to the GATS Trust Instrument shall be deleted in its entirety and replaced with the following: START AMENDED TEXT Document Date Parties GATS Trust Instrument [dd-mmm-yyyy] [to be automatically populated by the GATS Platform] […] #.
Appointment of New Trustee With effect from the Effective Time, the New Trustee is appointed as ‘Trustee’ under the GATS Trust Instrument pursuant to section 11.2 of the Master Terms.
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.