TB Trust definition

TB Trust means BTB, Acquisition and Operating Trust, a trust formed under the laws of the Province of Québec pursuant to the TB Contract of Trust.
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Examples of TB Trust in a sentence

  • As a result of the liquidation of TB Trust into BTB, all of the properties of TB Trust will be distributed to BTB and BTB will assume all of the debts of TB Trust.

  • The WHO Stop TB Trust Fund will be subject to internal audit by the WHO’s Office of Internal Oversight Services (IOS).

  • BTB does not intend to proceed with these transactions if it considers that they may result in adverse tax consequences for BTB, TB Trust or the Unitholders.

  • The operating principles of the Trust Fund at the World Bank and those for the new Stop TB Trust Fund at WHO are to be cleared by WHO and the WB after negotiations have been completed between the nominated Coordinating Board members and the WHO.

  • The conditions to qualify as a REIT must be satisfied at the level of BTB, and not at the level of TB Trust.

  • The redemption price payable by BTB is to be satisfied by way of a cash payment or, in certain circumstances, including where such payment would cause the monthly cash cap to be exceeded, by way of an in specie distribution (that is, a distribution of series 2 notes and series 3 notes of TB Trust).

  • Prior to this transaction, BTB may transfer the beneficial ownership in its real estate portfolio to one or more limited partnerships.The form of the proposed reorganization may, however, be modified to ensure that the reorganization can be carried out without adverse tax consequences for BTB, TB Trust and the Unitholders.

  • Therefore, BTB considers that it would be preferable to reorganize its corporate structure to eliminate TB Trust, with the result that it will hold its real estate portfolio directly or indirectly through certain partnerships, instead of holding the portfolio through TB Trust.

  • On December 20, 2007, the Minister of Finance announced proposed technical amendments to clarify the rules applicable to the conditions to qualify as a REIT, in particular by clarifying that rental income earned by TB Trust and paid to BTB in the year will generally be treated as “rent from real or immoveable properties” for the purposes of the rules described above.

  • Proposed Reorganization BTB anticipates that the process to accomplish this will likely be carried out by liquidating TB Trust into BTB pursuant to Article 15 of the contract of trust of TB Trust.

Related to TB Trust

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

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

  • Class B Trust Class B Trustee", "Class C Certificate", "Class C Certificateholder", "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.

  • Class A Trust Has the meaning specified in the Intercreditor Agreement.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • 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.

  • Class B Trust Agreement means the Basic Agreement, as supplemented by the Trust Supplement No. 2016-1B thereto, governing the creation and administration of the United Airlines Pass Through Trust 2016-1B and the issuance of the Class B Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • 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.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Grantor Trust means a Trust other than a RIC.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • 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.

  • 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.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Class B Trustee Class C Certificate", "Class C Certificateholder", "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.

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

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

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

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Successor Trust means Continental Airlines Pass Through Trust 1997-4B-S.