Contribution to the Trust. In order to guarantee (i) the negative covenants foreseen in Section 2.4 above, and (ii) the obligations foreseen in the Technical Assistance Agreement, the Strategic Partner, the Controlling Company and the Trustee, agree to enter into the Trust Agreement, in which the Trustee shall act as such, the Strategic Partner shall act as settlor and first place beneficiary and the Controlling Company shall act as second place beneficiary. By virtue of such Trust Agreement, the Strategic Partner shall transfer to the Trustee the Shares Package so that they [the shares] are kept in the Trust. In like manner, the obligation shall be established for the Strategic Partner to transfer to the Trust the Optional Shares that it may eventually acquire".
Appears in 1 contract
Sources: Modification of the Participation Agreement (Ica Corp)
Contribution to the Trust. In order to guarantee (i) the negative covenants foreseen in Section 2.4 above, and (ii) the obligations foreseen in the Technical Assistance Agreement, the Strategic Partner, the Controlling Holding Company and the Trustee, agree to enter into the Trust Agreement, in which the Trustee shall act as such, the Strategic Partner shall act as settlor and first place beneficiary and the Controlling Holding Company shall act as second place beneficiary. By virtue of such Trust Agreement, the Strategic Partner shall transfer to the Trustee the Shares Package so that they [the shares] are kept in the Trust. In like manner, the obligation shall be established for the Strategic Partner to transfer to the Trust the Optional Shares that it may eventually acquire".β
Appears in 1 contract
Sources: Participation Agreement (Central North Airport Group)