Trust Term definition

Trust Term means a time period:
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Trust Term or “Term” shall have the meaning set out in subsection 2.04(b) of this Agreement.
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Trust Term means the twenty (20) year period commencing on the date hereof.
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Examples of Trust Term in a sentence

  • The Trust shall be irrevocable by Grantor and shall have a term that expires at such time as the Trust terminates in accordance with the provisions of Section 13 (the "Trust Term").

  • Upon the expiration of the Trust Term (as defined below), any assets then remaining in the Trust Fund, including the Payment Account, shall be distributed to the Grantor, provided that all amounts payable under any pending Distribution Notices have been paid in full or otherwise satisfied and that all Approved Expenses (as defined below) have been paid in full or otherwise satisfied, and the Trust shall terminate.

  • The term of the Trust (the “Trust Term”) shall commence on the date on which the Grantor makes its first cash contribution to the Trust and shall expire on the earlier of (i) the Expiration Date (as defined in Article IX below) and (ii) the date that is 30 years after the commencement of the Trust Term.

  • Investors who contribute after $50,000.0 has been raised in the offering will receive a 1.5x cap.

  • In addition, the provisions of this Section shall be without prejudice to the right of any party in interest under Section 1109 of the Bankruptcy Code to petition the Bankruptcy Court, for cause shown, to shorten the Supplemental Liquidating Trust Term.

  • Notwithstanding anything to the contrary in this Section, however, the Supplemental Liquidating Trust Term may not, in the aggregate, exceed three (3) years without a favorable letter ruling from the IRS that any further extension would not adversely affect the status of the Liquidating Trust as a liquidating trust for federal income tax purposes.

  • Notwithstanding anything to the contrary in this Section, however, the Supplemental Litigation Trust Term may not, in the aggregate, exceed three (3) years without a favorable letter ruling from the IRS that any further extension would not adversely affect the status of the Litigation Trust as a qualified settlement fund (or a qualified settlement fund treated as a grantor trust pursuant to the QSF Regulations) for federal income tax purposes.

  • In connection with the matter relating to or arising by virtue of the Fiduciary's services or business equity acquisition and payment of all taxes; which arise from the existence of this Trust Term: This Trust will be established, administered, and terminated in 99 Years of the date created.

  • In addition, the provisions of this Section 8.2 shall be without prejudice to the right of any party in interest under Bankruptcy Code Section 1109 to petition the Bankruptcy Court, for cause shown, to shorten the Supplemental Liquidating Trust Term.

  • Notwithstanding anything to the contrary in this Section 8.2, however, the Supplemental LiquidationLiquidating Trust Term may not exceed three (3) years without a favorable letter ruling from the IRS that any further extension would not adversely affect the status of the Liquidating Trust as a “liquidating trust” within the meaning of Treasury Regulation Section 301.7701-4(d) for federal income tax purposes.


More Definitions of Trust Term

Trust Term has the meaning ascribed to that term in section 13.2; and
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Trust Term means the eighteen (18) year period commencing on the date hereof.
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Trust Term means the twenty-five (25) year period commencing on the date hereof.
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Trust Term. Trust Term" means March 30, 1999 through March 31, 2006.
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Trust Term the period from the date of the Closing ---------- though and including the Termination Date.
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Related to Trust Term

  • Agreement Term has the meaning set forth in Section 11.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Renewal Term has the meaning set forth in Section 2.

  • Initial Term has the meaning set forth in Section 7.1.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.