Examples of Governing instrument in a sentence
Pursuant to Section 3806(b)(2) of the Act, the Trust shall issue one or more series of beneficial interests having the rights and preferences set forth in the Governing instrument of the Trust, as the same may be amended from time to time (each, a “Series” or “Sub-Trust”).
Governing instrument" means a deed, will, trust or insurance or annuity policy; account with POD designation; security registered in beneficiary form, TOD; transfer on death deed, TOD; pension, profit-sharing, retirement or similar benefit plan; instrument creating or exercising a power of appointment or a power of attorney; or dispositive, appointive or nominative instrument of any similar type.[PL 2017, c.
Pursuant to Section 3806(b)(2) of the Act, the Issuing Entity shall issue one or more series of beneficial interests having the rights and preferences set forth in the Governing instrument of the Issuing Entity, as the same may be amended from time to time (each, a “Series” or “Sub-Trust”).
Governing instrument means the instrument or instruments creating and governing the operation of the trust arrange- ment.
On account of the Monticello Bonifay Claims, the Monticello Titusville Claims, and the Monticello San Antonio Claims, and in full and complete satisfaction thereof, the Debtors shall pay to Monticello $11.5 million in Cash on the Effective Date.