Trust Established Sample Clauses
The "Trust Established" clause formally creates a legal trust, specifying that certain assets are to be held and managed by a trustee for the benefit of designated beneficiaries. This clause typically identifies the trust's name, the parties involved (such as the settlor, trustee, and beneficiaries), and the effective date of the trust's creation. By clearly establishing the existence and terms of the trust, this clause ensures that the trustee has the legal authority to manage the assets according to the trust's instructions, thereby providing a clear framework for asset management and beneficiary rights.
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Trust Established. The Members hereby establish with the Trust Committee, as a funding medium for the Plan, a Trust consisting of the Trust Fund and such earnings, profits, increments, additions, and appreciation thereto and thereon as may accrue from time to time.
Trust Established. The Employer has established with the Trustee, as a funding medium for the Plan, a Trust consisting of the Trust Assets and such earnings, profits, increments, additions and appreciation thereto and thereon as may accrue from time to time.
Trust Established. The Members hereby establish with the Board of Trustees (the Board), as a funding medium for the Plan, a Trust consisting of the Trust Fund and such earnings, profits, increments, additions, contributions and appreciation thereto and thereon as may accrue from time to time.
Trust Established. As of the Effective Date, the Company establishes with the Trustee, as a funding medium for the Plans, a trust consisting of such sums of money or property as from time to time shall be paid or transferred to the Trustee with respect to the Plans, and such earnings, profits, increments, additions and appreciation thereto and thereon as may accrue from time to time to be dealt with in accordance with the terms of this Master Trust Agreement. Each Employer intends that this Trust shall constitute a part of its Plan or Plans which will meet the requirements of ERISA and qualify under Code (S)401(a), and thereby obtain tax exempt status under Code (S)501(a). The Trustee shall have no duty to collect or enforce payment to it of any contributions, or to require any contributions to be made, and shall have no duty to compute any amount to be paid to it nor to determine whether amounts paid comply with the terms of a Plan. The Trustee shall hold the Trust Fund without distinction between principal and income.
Trust Established. An Issue Supplement establishing a Trust, selling the applicable Loans and issuing the Certificates evidencing beneficial ownership interests in the Trust Fund of such Trust shall be executed by the Trustee, the Calculation and Paying Agent, the Depositor and the Master Servicer on each Series Closing Date. Each Issue Supplement shall identify and relate to a particular Series of Certificates and establish a distinct Trust and a distinct Trust Fund.
Trust Established. The First Nation, being irrevocably entitled pursuant to the Settlement Agreement to the Settlement Monies, has directed Canada to deposit all of the Settlement Monies to the Trust Account. The parties agree that the Key First Nation Pelly Haylands Trust is hereby established pursuant to the terms of this Agreement and shall be effective upon the deposit of the Settlement Monies by Canada into the Trust Account. Each of the parties further acknowledge and agree that the terms and provisions contained in Part I and Part III of this Agreement are binding upon the First Nation and the Trustee. The parties further acknowledge and agree that the terms and provisions contained in Part II of this Agreement are not binding upon the Trustee.
Trust Established. By this Agreement the Company establishes with the Trustee, as a funding medium for the Plan, the Trust consisting of the Trust Fund and such earnings, profits, increments, additions and appreciation thereto and thereon as may accrue from time to time.
Trust Established. The Company hereby establishes with the Trustee, as a funding medium for the ESOP Component of the Plan, a Trust consisting of the Trust Fund and such earnings, profits, increments, additions and appreciation thereto and thereon as may accrue from time to time.