Trust Property definition
Examples of Trust Property in a sentence
The ownership of the Trust Property is vested in the Trustee and the right to conduct the affairs of the Trust is vested in the Trustee, the Manager, and, to the extent delegated by the Manager, a Technical Advisor, in each case, subject to the provisions of this Trust Agreement and the Management Agreement and the Unitholders shall have no interest in the assets of the Trust or right to intervene in the conduct of the affairs of the Trust except as expressly provided herein.
The Trust Property registered in accordance with Section 17.6(d) or issued in accordance with this Section 17.6(e) shall be recorded in an account with an account number or other designation in the records of the Trustee or the sub-custodian or their respective nominees sufficient to establish that the beneficial ownership of such Trust Property is vested in the Trust.
In the event any Person other than the Trustee is appointed Custodian of such Trust Property, the contract with any such custodian may include provisions whereby the Manager may give instructions directly to that custodian concerning the investment of such Trust Property and that custodian may act thereon without approval by the Trustee.
It shall be the responsibility of the Manager to ensure that all investments of the Trust Property held by the Trustee and at the Facilities are made in such a way as to comply with any statement made in any current Disclosure Documents or like offering document of the Trust as to the Investment Policy applicable to the Trust and so as to comply with this Trust Agreement and Applicable Laws.
As compensation for custodial services rendered to the Trust with respect to Trust Property other than Copper, the Custodian shall be entitled to receive such fees as the Manager may approve from time to time pursuant to a separate written agreement with the Custodian.