Examples of GATS Trust Instrument in a sentence
Unless otherwise defined in this Instrument, capitalized 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).
Except as amended and supplemented by this Instrument, the GATS Trust Instrument shall remain in full force and effect.
The Existing Beneficiary shall remain entitled to the Retained Rights and shall remain bound to perform the Retained Obligations, in each case as if the Existing Beneficiary had remained the ‘Beneficiary’ under the GATS Trust Instrument.
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).
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.
Termination of GATS Trust Instrument With effect from the Effective Time and except for the Surviving Provisions: each of the Trustee, the Trust Company and the Beneficiary is irrevocably released and discharged from all of its duties, obligations and liabilities under the GATS Trust Instrument; and the GATS Trust Instrument is terminated and shall have no further force and effect.
With effect from and including the Effective Date: to the extent not identical, schedule 2 (Parties and Notice Details) to the GATS Trust Instrument shall be deleted in its entirety and replaced with Schedule 2 (Parties and Notice Details); and the GATS Trust Instrument is amended in accordance with Schedule 3 (Amendments).
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No Amendment of GATS Trust Instrument Neither the GATS Trust Instrument, the Master Terms (to the extent incorporated into the GATS Trust Instrument) nor any other Trust Document shall be amended, modified or otherwise altered whether pursuant to any Permitted GATS Amendment or otherwise, except pursuant to this Instrument and each other GATS Transfer Instrument effecting the assignment and transfer of another Partial Beneficial Interest or the Residual Beneficial Interest.
The New Beneficiary acknowledges and agrees that Trustee may be required by any Applicable Law to withhold a portion of any distribution under the GATS Trust Instrument.