Trust Irrevocable definition

Trust Irrevocable. The Trust hereby established shall be irrevocable, and except as specifically provided in Sections 2, 6.8, 6.10, 11 and 12, the Trust Fund shall be held for the exclusive purpose of providing benefits to Participants and defraying expenses of the Trust in accordance with the provisions hereof. Except as specifically provided in Sections 2, 6.8, 6.10, 11 and 12, no part of the income or corpus of the Trust Fund shall be recoverable by or for the benefit of the Company.”
Sample 1

Examples of Trust Irrevocable in a sentence

  • Trust Irrevocable 143 ARTICLE X Miscellaneous Provisions 143 Section 10.01.

  • Trust Irrevocable 119 ARTICLE X Miscellaneous Provisions 119 Section 10.01.

  • Trust Irrevocable 120 ARTICLE X Miscellaneous Provisions 120 Section 10.01.

  • Xxxxxxx XXX Trustee of the Jamex Xxxxxxx Irrevocable Trust /s/ Marcxx Xxxxxxx /s/ Joshxx Xxxxxxx ---------------------------------- ---------------------------------------- Marcxx Xxxxxxx Joshxx Xxxxxxx Xxxstee of the Marcxx Xxxxxxx Trustee of the Joshxx Xxxxxxx Xxxevocable Trust Irrevocable Trust /s/ Davix Xxxxxx /s/ Martxx X.

  • Trust Irrevocable 138 ARTICLE X Miscellaneous Provisions 138 Section 10.01.

  • Trust Irrevocable 99 ARTICLE X Miscellaneous Provisions 99 Section 10.01.

  • Until the actual delivery to the holders of Voting Trust Irrevocable Proxy Certificates issued hereunder of the Securities in exchange therefore, and until the cancellation of the Voting Trust Irrevocable Proxy Certificates, no Shareholder shall have the right to vote the Securities held hereunder.

  • Trust Irrevocable 113 ARTICLE X Miscellaneous Provisions 113 Section 10.01.

  • Trust Irrevocable 110 ARTICLE X Miscellaneous Provisions 110 Section 10.01.

  • Trust Irrevocable................................................................

Related to Trust Irrevocable

  • Irrevocable trust means a trust over which no person holds a power of revocation. A power holder's lack of capacity to exercise a power of revocation negates the power of revocation unless an agent of the power holder under a durable power of attorney, a conservator of the power holder, or a plenary guardian of the power holder is serving and the agent, conservator, or guardian is authorized to exercise the power of revocation.

  • Revocable as applied to a trust, means revocable by the settlor without the consent of the trustee or a person holding an adverse interest.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C.ss.3801, et. seq., as such Act may be amended from time to time.

  • Uniform Commercial Code jurisdiction means any jurisdiction that has adopted all or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, together with any subsequent amendments or modifications to the Official Text.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Qualified Trust Institution means an institution organized under the laws of the United States of America or any state thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all times (i) is authorized under such laws to act as a trustee or in any other fiduciary capacity, (ii) has capital, surplus and undivided profits of not less than $250,000,000 as set forth in its most recent published annual report of condition and (iii) has a long term deposits rating of not less than “BBB+” by S&P.

  • clear height ’, in relation to a sign, means the vertical distance between the lowest edge of the sign and the natural level of the surrounding ground, footway or roadway immediately below the sign;

  • 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.

  • Judicial Code means title 28 of the United States Code, 28 U.S.C. §§ 1–4001.

  • Owner Trust means the trust created by this Agreement.

  • 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.