Trust Object definition

Trust Object means the sole object of the Trust as set out in clause 4;
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Trust Object means the object of the trust as set out in section 3 of the Islands Trust Act. B. Policy
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Trust Object means the object of the trust as set out in section 3 of the Islands Trust Act. Policy – 2.1.15 Secretariat Services Page 1 17B. Policy
Sample 1

Examples of Trust Object in a sentence

  • The object of the Trust is to give effect to the Settlement Agreement and provide Benefits to Eligible Claimants (being the beneficiaries of the Trust) in the amounts and upon the terms set out in this Trust Deed (Trust Object).

  • The Trustees shall, subject to the provisions of this Trust Deed and in particular the Trust Object, be entitled to establish such rules and regulations as they deem reasonably necessary or desirable for the proper administration of the Trust and to make such determinations and interpretations and to take such ancillary steps as they deem necessary or desirable.

  • The Trustees shall be obliged to fulfil the Trust Object as recorded in clause 3 as soon as is reasonably possible, but within the subsistence of the Trust as set out in clause 21 below.

  • The extent of the powers vested in the Trustees must be construed in accordance with, and subject to, the Trust Object.

  • The Trustees shall use their reasonable endeavours to give effect to the Trust Object and procure that appropriate processes, systems, facilities and procedures are established and appropriate personnel are employed (or third party service providers are appointed) to accomplish the Trust Object, including giving effect to the provisions of clause 11 and the ensuing provisions of this clause 12.

  • The Trustees (or persons appointed by them for this purpose) shall have the discretion (acting reasonably) to determine whether or not any of those records suffice and, if they do, which of them carry more weight than others, always taking into account the Trust Object, their fiduciary duties, the interests of the Settling Claimants (including Dependent Claimants) and the interests of the Founders.

  • The activities of the Trust shall be directed at, and the Trust Fund shall be used for the pursuit of, the Trust Object.

  • The sole object of the Trust shall be to implement the scheme as contemplated in this Trust Deed, being to acquire, hold and, as contemplated in this Trust Deed, Sell the Trust Shares, for the benefit of the Participants, to distribute income and dividends to the Participants, and to administer the Trust in accordance with the provisions of this Trust Deed and to perform all necessary ancillary activities ("Trust Object").

  • All costs and expenses lawfully and reasonably incurred by the Trustees to achieve the Trust Object, including but not limited to the costs of legal proceedings brought by or against the Trust or the Trustees (in their capacity as such), including proceedings brought against the Founder, shall be paid, to the extent that alternative funding cannot be raised in terms of clause 11, by the Founder.

  • The advisory board and consultants will advise and make recommendations on any decision to be taken by the Trustees in the attainment of the Trust Object and the Trustees will give due consideration to such advice and recommendations.

Related to Trust Object

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • Majority Certificateholders The Holders of Certificates evidencing at least 51% of the Voting Rights.

  • Trust Amount has the meaning set forth in the Trust Agreement.

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Class B Certificateholder The registered holder of a Class B Certificate.

  • Disqualification Event shall have the meaning ascribed to such term in Section 3.1(rr).

  • Aggregate Noteholders’ Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the Noteholders’ Regular Principal Distributable Amount as of such Distribution Date and (ii) the Aggregate Noteholders’ Priority Principal Distributable Amount as of such Distribution Date.

  • Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Noteholders’ Principal Distributable Amount means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of business on the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Class D Certificateholder means the Person in whose name a Class D Certificate is registered in the Certificate Register.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).