Promissory Trustor definition
Promissory Trustor through his legal representatives, promise to execute (“The trust”), so that “The Unit”, can be transfer into an irrevocable Trust Agreement in favor of the “Promissory Trustee”, setting theparties as the date for such execution, no later than March 30st, 2023, as long as all and every single deposit established in clause 3 in favor of the “Promissory Trustor” have been done effectively on time, having the “PromissoryTrustor” the obligation to provide the following documents to the “Promissory Trustee”, by email with an anticipation of at least 30 calendar days, prior the closing date, so thatthe “Promissory Trustee” can also provide those, to the Trust bank Institution he choose, to act as a trust Holder on (“The trust”); • Simple copy of the Condominium Public Deed, duly filedin the Real Estate Registry. • Acquisition Notice before Foreign Ministry of Affairs. • Municipal Tax I. d. document of “The Unit”. • Current Property Tax payment • Any no debt certificate related with “The Unit”• Power of attorney of the Legal Representatives The parties agree that as long as the requested documents are provided with the aforementioned anticipation, (“The trust”), may be moved up, however in those circumstances, the inability of the “Promissory Trustee” to appear sooner will not be considered as 4. Fecha de Escrituración. La “Promitente Fideicomitente” por medio de sus representantes comparecientes se comprometen a celebrar “El Fideicomiso” a efecto de que “La unidad” seaafectada en Fideicomiso Irrevocable Traslativo de Dominio a favor de el “Promitente Fideicomisario”, fijando las partes para la celebración del “Fideicomiso” a más tardar el día 30 de Marzo de 2023 siempre y cuando el “Promitente Fideicomisario”, haya exhibido oportunamente todos y cada uno de los depósitos estipulados en la cláusula 3 comprometiéndose la “Promitente Fideicomitente” a proporcionar al “Promitente Fideicomisario” por correo electrónico, por lo menos con 30 ▇▇▇▇ naturales anteriores a dicha fecha, los documentos que a continuación se detallan para que el “Promitente Fideicomisario” a su vez, esté en posibilidad de proporcionarlos a la Institución Fiduciaria que actuará como Fiduciaria en “El Fideicomiso” . ▪ Copia simple de la Escritura Pública de Constitución de Régimen en Condominio, debidamente inscrita ante el Registro ▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇ ▇ de 16 breach of contract. Also, the parties agree that the Notary Public before whom "The Trust" will be granted will be appointed...
Examples of Promissory Trustor in a sentence
After said term, the "Promissory Trustor" may rescind the contract and the parties will be subject to the penalty established in the ninth clause of this contract.