Purposes of the Trust Sample Clauses

Purposes of the Trust. The exclusive purposes and functions of the Trust are (a) to issue and sell the Notes and the Trust Beneficial Interest, (b) to use the proceeds of the sale of the Notes and the Trust Beneficial Interest to acquire one or more Funding Agreements, (c) to pay amounts due in respect of the Notes and the Trust Beneficial Interest, (d) to enter into the agreements and to take such actions as the Delaware Trustee has the power and authority to take pursuant to Section 6.01, as applicable, and (e) to engage in those activities necessary, advisable or incidental thereto (such as registering the transfer of the Trust Securities).

Purposes of the Trust. Section 2.1 The purposes of this Trust are (i) to hold the assets transferred to it by Leucadia on behalf of the Beneficiaries and collect income derived from such assets, (ii) to close the transaction contemplated by the Purchase Agreement, (iii) to take such other action as is necessary to conserve and protect the Trust Property, and (iv) to liquidate and distribute the Trust Property.

Purposes of the Trust. The exclusive purposes and functions of the Trust are, and the Trust shall have the power and authority, to: (a) issue and sell the Notes, (b) use the net proceeds from the sale of the Notes to acquire the Funding Note, (c) receive one or more Funding Agreements from Global Funding pursuant to the terms of the Funding Note, (d) grant a security interest in, and pledge and collaterally assign, the rights, title and interest of the Trust in the Collateral to the Indenture Trustee for the benefit of the Holders of the Notes and any other Person for whose benefit the Indenture Trustee is or will be holding the Collateral, (e) make, or cause to be made, all payments due in respect of the Notes, in accordance with the terms of the Indenture, and (f) engage in other activities and enter into other agreements, in each case that are necessary, suitable or convenient to accomplish the foregoing or are incidental to or connected with those activities, including the execution, delivery and performance of the Series Instrument, the Closing Instrument and the Program Documents to which it is a signatory.

Purposes of the Trust. The general purpose of the Trust is the acquisition or construction of real estate properties in Mexico destined for lease, the acquisition of the right to obtain income from the lease of such real estate properties, as well as to grant financing for such purposes secured by the respective leased real estate properties, in each case directly or through trusts (including, without limitation, through the Investment Trusts), in accordance with Articles 187 and 188 of the LISR and other applicable tax provisions; provided, that in order to comply with such general purpose, the Trustee shall, through the powers of attorney granted to the Manager or in accordance with the written instructions received from the Manager; (i) carry out Issuances in accordance with the terms of this Agreement, (ii) receive and apply the Issuance Proceeds derived from each Issuance pursuant to the terms of this Agreement, including for the payment of Trust Expenses, (iii) make Investments pursuant to Article IX, (iv) acquire, maintain and divest the rights and assets that comprise the Trust Estate and distribute and manage the Issuance Proceeds derived from each Issuance in the Trust Accounts, (v) make Distributions pursuant to Section 12.1, (vi) engage in any such other activities as the Manager deems necessary, advisable, convenient or additional to the foregoing, and (vii) carry out any other lawful acts or activities consistent with the foregoing (the “Purposes of the Trust”). In connection with the Purposes of the Trust, the Trustee shall: (a) be the sole and legitimate owner of, and hold good and clear title to, the assets that currently or hereinafter may form part of the Trust Estate throughout the term of this Agreement, as well as maintain and preserve title and ownership in and to the Trust Estate in accordance with the terms and subject to the conditions set forth in this Agreement; (b) establish, maintain and manage the Trust Accounts as provided for in this Agreement and apply all funds in the Trust Accounts (including the Permitted Investments) in accordance with this Agreement; (c) in accordance with applicable law, file any such information, and take such actions and efforts and execute, sign and deliver such documents, requests and notices necessary or convenient to register the CBFIs in the RNV; (d) in accordance with applicable law, file any such information, and take such actions and efforts and execute, sign and deliver such documents, requests and notices neces...

Purposes of the Trust. The sole purposes of the Trust are: (a) Before the Effective Date, to (i) receive, hold in escrow, safe-keep and invest amounts deposited under Article IV and (ii) pay certain administrative expenses of the Settlement Facility and/or the Litigation Facility, the Trust and the Trustee in accordance with and subject to Article VI and Section 7.4 of the Plan and to pay certain administrative expenses of the Australian Settlement Option in accordance with the terms outlined by the Australian Motion by Plan Proponents. (b) On and after the Effective Date (i) to receive, hold, safe-keep and invest amounts deposited under Article IV and amounts held in the Escrow Account under Article VI after the Escrow Account is terminated pursuant to Section 6.08(a) in accordance with Article V, the Litigation Facility Agreement and the Trustee Plan Documents, (ii) to issue payments and disburse funds upon receipt of a Trustee Direction for payments to be made in accordance with the Settlement Facility Agreement, the Litigation Facility Agreement, and the Australian Settlement Option and (iii) to pay certain administrative expenses of the Settlement Facility and/or the Litigation Facility, the Trust and the Trustee in accordance with and subject to Article V and to pay certain administrative expenses of the Australian Settlement Option in accordance with the terms outlined in the Australian Motion by Plan Proponents, including payments made in accordance with paragraph (m) of the Australian Motion by Plan Proponents (c) At all times to qualify as a Qualified Settlement Fund (“QSF”) pursuant to Section 468B of the Internal Revenue Code and the Treasury Regulations promulgated thereunder; and (d) To fund operations of the Office of the Claims Administrator and to act as determined by the Claims Administrator to effectuate the terms and provisions of the Settlement Facility Agreement.

Purposes of the Trust. The exclusive purposes and functions of the Trust are (a) to issue and sell the Notes and the Trust Beneficial Interest, (b) to use the proceeds of the sale of the Notes and the Trust Beneficial Interest to acquire the Funding Agreement, (c) to collaterally assign and grant a security interest in the Funding Agreement in favor of the Indenture Trustee, (d) to acquire the Guarantee and to collaterally assign and grant a security interest in the Guarantee in favor of the Indenture Trustee, (e) to pay amounts due in respect of the Notes and the Trust Beneficial Interest, (f) to enter into the agreements and to take such actions as the Trustee has the power and authority to take pursuant to Section 6.01, as applicable, and (g) to engage in those activities necessary, advisable or incidental thereto (such as registering the transfer of the Trust Securities).

Purposes of the Trust. The purposes of the Trust that Parties hereto agree and determine for the compliance by Trustee (the “Purposes”), are: (a) That Trustee receives in trust property the present or future assets and rights that are part of the Trust Estate. (b) That Trustee maintains the ownership of the Trust Estate. Trustee shall be the sole owner of the Trust Estate and shall manage such Trust Estate in accordance with the provisions expressly set forth herein and in the applicable legal provisions. (c) That, subject to the occurrence of the event mentioned in subsection (d) of this Clause Fourth and to the provisions of items (b) of Clause Sixth, and item (a) of Clause Eighth of this Agreement, and with the agreement of the Collateral Agent, Trustee allows Settlors and conducts the acts necessary to permit Settlors the full management, operation and exercise of each and all rights related to the Lender Rights (and any other right or resource arising therefrom), in the understanding that it will not be necessary to instruct Trustee the manner of exercising such Lender Rights owned by the corresponding Settlor; in the understanding that, except for the application of the Income in the event set forth in subsection (d) of Fourth Clause hereof, no resource related to the Lender Rights shall be transferred, deposited or managed through the Trust Accounts; hence in case that such resources are deposited or transferred in the Trust Accounts, Trustee shall promptly deliver such resources to the corresponding Settlor (within a period no longer than two (2) Business Days), in the account that the Representative of Settlors indicates in writing to Trustee. (d) That in case Collateral Agent delivers to Trustee an Insolvency Notice, Trustee: (i) exercises all rights related to the Other Insolvency Rights in an Insolvency Proceeding respect to the Lender Rights, pursuant to the following procedure:

Purposes of the Trust. The Trust shall be for the purpose of receiving, holding, investing, reinvesting and disbursing, for the benefit of the Participants in connection with assets held in the Trust Fund, the monies or property contributed to or otherwise received by the Trustee, in accordance with the provisions of this Agreement. The Trust shall consist of all reserves or monies comprising assets that may include any insurance policy assigned by Employer to the Trust, as well as any and all contributions further described under Article III below, and all cash, securities, property, and assets of whatever kind and nature, owned, held or otherwise acquired by the Trustee pursuant to the Trust, and all earnings thereon. To the extent of any assets held within the Trust Fund, no part of the principal or income of the Trust held within the Trust Fund shall be paid, or revert, to Employer, or be used in any manner other than for the exclusive benefit of the Participants in connection with the payment of OPEB obligations, including applicable fees and expenses, of Employer under the terms of the Plan, as determined by the Plan Administrator or unless provided for under Article X below. Accordingly, the Trust holds only bare legal title to the Trust Fund, and neither the Trust nor Employer own or hold any equitable interest in the Trust Fund.

Purposes of the Trust. The purposes of the Trust include, but are not limited to, the following: (a) To make payments to the Beneficiaries as are required under the terms of the Plan and this Litigation Trust Agreement; (b) To marshal, liquidate, sell, abandon, and distribute Trust Assets and proceeds thereof in an expeditious but orderly manner in accordance with the terms of the Plan and this Litigation Trust Agreement; (c) To perform the functions and take actions provided for or permitted by this Litigation Trust Agreement and the Plan and in any other agreement executed by the Litigation Trustee for the Trust pursuant to the Plan or this Litigation Trust Agreement; and (d) To prosecute, settle, release, or abandon Litigation Trust Rights (as defined in the Plan) and other causes of action transferred and assigned to the Trust under the Plan as Trust Assets and to distribute the proceeds of any recoveries thereon in accordance with the terms of the Plan and this Litigation Trust Agreement.