TOPS Trust definition

TOPS Trust means a trust sponsored by the Company created for the purpose of issuing its securities in connection with the issuance of Junior Subordinated Debentures and which is not part of the Company’s consolidated group of entities in accordance with GAAP.
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Examples of TOPS Trust in a sentence

  • Constitution of Louisiana, to read as follows:1 §10.8. TOPS Trust Fund; Louisiana Fund 2 Section 10.8. TOPS Trust Fund and Louisiana Fund 3 (A) Creation 4 (1) There shall be established in the state treasury as a special 5 permanent trust fund the Tobacco Settlement Trust Fund, hereinafter 6 referred to as "TOPS Trust".

  • FINANCIAL INSTRUMENTS AND ASSOCIATED RISKSThe Company invests substantially all of its assets in the units of two Sub-Trusts of the Marshall Wace TOPS Trust (the “Master Fund”) namely Sub-Trust C (Opportunistic- Hedged) and Sub-Trust D (Fundamental-Hedged).

Related to TOPS Trust

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • 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