Purpose of the Trust definition

Purpose of the Trust has the meaning set forth in Section 2.04 of the Trust Agreement.
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Examples of Purpose of the Trust in a sentence

  • The Corporate Trustee may enter into contracts that it deems advisable to carry out the Purpose of the Trust and to carry out its duties hereunder.

  • The Individual Trustees may enter into contracts that they deem advisable to carry out the Purpose of the Trust and to carry out their duties hereunder.

  • Signing the Partnership Agreement will enable Gravesham Council to formally and publicly state its commitment to working with other councils and partners in the delivery of the approach outlined in the Purpose of the Trust.

  • Purpose of the Trust Fund Investment and Use PolicyIt is the policy of the Racine Public Library to invest its trust funds in a manner that will attain the highest investment return while protecting principal and meeting cash flow demands.

  • Upon execution of this Agreement, the ISO may require, at its discretion, and Requestor shall submit an additional deposit of $[ ] in accordance with Section 31.3.3.5 of Attachment Y of the ISO OATT.

  • The Individual Trustees, with the consent of the Settlor and the Corporate Trustee, are authorized to modify or amend the provisions of this Agreement to the extent the Individual Trustees deem it necessary or advisable to carry out the Purpose of the Trust, and specifically to ensure that this Agreement constitutes a non-charitable purpose trust under the Delaware Purpose Trust Statute.

  • Purpose of the Trust Funds: James Barningham FellowshipScholarships to pupils proceeding from any of the schools to institutions of further education, such scholarships to be awarded to the best essay on the subject " The rise and downfall of nations".

  • Upon the expiration of the Perpetuity Period, or if the Individual Trustees determine that the Purpose of the Trust can no longer be fulfilled, the Corporate Trustee shall distribute the Trust Estate outright to one or more organizations that will further the protection of free expression as appointed by the Settlor, Corporate Trustee and the Individual Trustees.

  • Purpose of the Trust in Montana The Montana Constitution says that the school trust lands “shall be held in trust for the people .

  • Upon the expiration of the Perpetuity Period, or if the Individual Trustees determine that the Purpose of the Trust can no longer be fulfilled, the Corporate Trustee shall distribute the TrustEstate outright to one or more organizations that will further the protection of free expression as appointed by the Settlor, Corporate Trustee and the Individual Trustees.

Related to Purpose of the Trust

  • the Trusts means the Macfarlane Trust, the Macfarlane (Special Payments) Trust and the Macfarlane (Special Payments) (No. 2) Trust;

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Refinancing Trust Agreement has the meaning specified in Section 9.1(c).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Widely Held Mortgage Trust as that term is defined in Treasury Regulations section 1.671-5(b)(23) or successor provisions.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Principal Office of the Trustee or other similar term, means the office of the Trustee, at which at any particular time its corporate trust business shall be principally administered, which at the time of the execution of this Indenture shall be Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000, Attention: Corporate Trust Administration.

  • Certificate of Trust means the Certificate of Trust in the form of Exhibit B to be filed for the Trust pursuant to Section 3810(a) of the Statutory Trust Statute.

  • the Trust means the Trust hereby established and which shall be called the Law Society Public Purposes Trust Fund;

  • REMIC Trust means a “real estate mortgage investment conduit” within the meaning of Section 860D of the Code that holds the Note.

  • 2014-18 MSAA means the Multi-Sector Service Accountability Agreement April 1, 2014 to March 31, 2018.

  • Majority of the Trustees means a majority of the Trustees in office at the time in question. At any time at which there shall be only one (1) Trustee in office, such term shall mean such Trustee.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Vehicle Trust Agreement means that certain amended and restated trust agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006 between BMW Manufacturing L.P., as grantor and initial beneficiary, and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee.

  • Class A Trust Agreement means the Basic Agreement, as supplemented by Trust Supplement No. 2015-1A thereto, dated as of the date hereof, governing the creation and administration of the American Airlines Pass Through Trust 2015-1A and the issuance of the Class A Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Income trust means a trust that is not a unitrust.

  • Default Under the Trust Indenture With respect to any MBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under the Trust Indenture pursuant to which such MBS was issued.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Voting and Exchange Trust Agreement means the voting and exchange trust agreement to be made among Parent, CallCo, the Company and the Share Trustee in connection with the Plan of Arrangement substantially in the form of Exhibit D to the Transaction Agreement, as may be amended, supplemented or otherwise modified from time to time in accordance with its terms.