In Trust definition

In Trust is intended to refer strictly to the issue of ownership of the deposit materials and not to the level of care which must be taken by DSI in performing its duties under this Agreement. The duties of DSI are strictly contractual in nature and are as set out in this Agreement. It is not intended that DSI is to have the fiduciary duty of a trustee.

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In Trust means any submission made on behalf of another legal entity or an entity to be created at a later date. Qualifications and proposals must be by existing legal entities with current identifiable and describable governance and ownership structures.

In Trust to be held as a deposit (the "Deposit"), and the balance, subject to adjustment, payable to the Vendor, or as it may direct, by cash or certified cheque on the completion of this Agreement. This transaction will be completed on the earlier of the 27th day of May, 2005 or fifteen (15) days after satisfaction of the condition set out in paragraph 2(b)(i) (the "Closing Date").

Examples of In Trust in a sentence

• The Account cannot be owned or titled jointly, by an organization, as Payable on Death ("POD") or "In Trust For" ("ITF").

• If this account is noted as an In Trust For account, the trustee(s) may change the named beneficiary(ies) at any time by a written direction to us.

• If this account is noted as an In Trust For or Payable on Death account, the trustee(s) may change the named beneficiary(ies) at any time by a written direction to us.

• Each Credit Party has good and marketable title, in the case of owned Real Property, and good title (or valid Leaseholds, in the case of any leased property), in the case of all other property, to all of its properties and assets free and clear of Liens other than Permitted Liens or as a result of a Directed Divestment In Trust.

• The remaining 20% of annual salary shall be deferred and deposited to a separate trust account at the Chesley, Ontario branch of the Canadian Imperial Bank of Commerce with an account heading "Bluewater School Board In Trust for [name of employee]".

More Definitions of In Trust

In Trust to be held as a deposit (upon such payment being included within the meaning of the term the "Deposit" for all purposes hereof);

In Trust to be held as a deposit (the "Deposit"), and an amount of SEVEN HUNDRED SEVENTY-FIVE THOUSAND CANADIAN DOLLARS (CDN $775,000), subject to adjustment, payable to the Vendor as it may direct by cash or certified cheque on the completion of this Agreement. This transaction will be completed on or before the 29th day of August, 2003 (the "Closing Date"). The balance of TWO MILLION FOUR HUNDRED THOUSAND CANADIAN DOLLARS (CDN $2,400,000), shall be payable to the Vendor in accordance with the mortgage terms contained in section 2 of this Agreement.

In Trust. GSI LUMONICS INC.

In Trust bank account means an account that is managed by one party for the benefit of another.

In Trust. OR "AS AGENT"

In Trust to secure the payment to Beneficiary of the principal of and interest on the Note at the maturity thereof and all other sums due hereunder or under the Note and the performance of all covenants and agreements herein and in the Note, whereupon this Deed shall cease and be void and the Mortgaged Property shall be released at the cost of Grantor.

In Trust to be held as a deposit (the "Deposit");