Examples of Trust Termination Agreement in a sentence
A fifth executed original of the Voting Trust Termination Agreement shall also be delivered to the Trustee.
Under the Trust Termination Agreement, because of the additional shares given to Mr Kroll by virtue of the Deed for Transfer of Additional Shares, 116 Ms Hong’s Defence (Amendment No. 1) at para 86.
Ms Hong alleges that the increase in Mr Kroll’s shareholding from 1.4% to 7.67%, pursuant to the terms of the Trust Termination Agreement and the Deed for transfer of additional shares, was not based on re-valuation, which could only have furnished an uplift from 1.4% to 3.24%.
Immediately prior to the events described in Section 5.01(b) below, Continental and the Northwest Parties that are parties thereto shall have performed their respective obligations under the Voting Trust Termination Agreement, and the Trustee shall have performed its obligations as required by the Voting Trust Agreement.
Eizen drafted a proposed Receipt, Release, Indemnification, Waiver of Accounting and Trust Termination Agreement for the parties to sign.5 In the midst of the Trust settlement negotiations, Eizen and Petitioners filed a Certificate of Cancellation for the LLC.
In total, Mr Kroll’s total shareholding was to be adjusted to 7.67%.51 On 11 February 2021, Mr Kroll and Mr Wong entered into a Share Trust Termination Agreement and a Deed for Transfer of Additional Shares to put the above arrangements into place.52 27 Again, Mr Wong has a different narrative.
In the end, however, Mr Wong gave in to the pressure from Mr Kroll; and the Deed for the transfer of additional shares as well as the Trust Termination Agreement were executed.
Authorize Commission staff and/or the Attorney General to take all necessary or appropriate actions on behalf of the California State Lands Commission as may be necessary or convenient to carry out the Balloon Tract Title Settlement and Trust Termination Agreement; and to appear on behalf of the Commission in any legal proceedings relating to the subject matter of the Agreement.
Find that the proposed Title Settlement and Public Trust Termination Agreement is in the best interests of the Parties and the public to resolve this dispute between the State and 151 Brannan Island Road, LLC over title to the properties described in Exhibits D, E, and F and to avoid the anticipated costs, time requirements, and uncertainties of litigation.
Authorize and direct the staff of the Commission and the California Attorney General to take all necessary or appropriate actions on behalf of the California State Lands Commission, including the execution, acknowledgment, acceptance, and recordation of all documents as may be necessary or convenient to carry out the Title Settlement and Public Trust Termination Agreement; and to appear on behalf of the Commission in any legal proceedings relating to the subject matter of the Settlement Agreement.