Examples of Prior Trust Agreement in a sentence
Citibank (South Dakota) and Citibank (Nevada), as the initial Beneficiaries of the Trust, have each sold, assigned, granted and transferred over to the Trustee, under the Prior Trust Agreement, $1.00.
This Agreement shall not constitute a novation and shall in no way adversely affect or impair the effectiveness of any transaction occurring pursuant to the Prior Trust Agreement.
In addition, on the Closing Date, the Escrow Agent, in its capacity as Prior Trustee, shall withdraw all funds held in the funds and accounts established under the Prior Trust Agreement, in the combined amount of $ , for deposit into the Escrow Fund, for a total deposit equal to $ .
The Grantor, the Beneficiary Trustees and the Issuer Trustee are parties to that certain Amended and Restated Trust Agreement dated as of February 19, 1999 (the "Prior Trust Agreement") and now desire to amend and restate the Prior Trust Agreement as set forth below.
The Trustee hereby acknowledges receipt in trust from each of the Beneficiaries, as of the date of the Prior Trust Agreement, of the foregoing contributions, which constituted the initial Trust Estate.