Trust Termination Date Clause Samples

The Trust Termination Date clause defines the specific date or event upon which a trust will come to an end. This clause typically outlines whether the trust terminates on a fixed calendar date, upon the occurrence of a particular event (such as the death of a beneficiary), or after a set period. For example, a trust might be set to terminate 21 years after its creation or when the youngest beneficiary reaches a certain age. The core function of this clause is to provide certainty and clarity regarding the duration of the trust, ensuring all parties know when the trust's assets will be distributed and the trust's obligations will cease.
POPULAR SAMPLE Copied 1 times
Trust Termination Date. Upon the full application of (a) moneys deposited pursuant to this Article XI or (b) proceeds of the Timeshare Loans pursuant to Sections 3.4 or 6.6 hereof, the Trust Estate created by this Indenture shall be deemed to have terminated and all Liens granted hereunder shall be released.
View SourceView Similar (35)
Trust Termination Date. The Trust Estate created by this Indenture shall be deemed to have terminated on the date that the Indenture Trustee executes and delivers to the Issuer and the Owner Trustee an instrument acknowledging satisfaction and discharge of the Indenture.
View SourceView Similar (18)
Trust Termination Date. The date on which the Issuer is scheduled to terminate under Section 8.1(a)(i) of the Trust Agreement will be the latest to occur of (i) the date stated in Section 8.1(a)(i) of the Trust Agreement, (ii) December 31 of the year in which the Series 2019-2 Final Maturity Date occurs and (iii) any later date stated in another Indenture Supplement.
View SourceView Similar (32)
Trust Termination Date. Upon the full application of (a) moneys deposited pursuant to this Article 10 or (b) proceeds of the Trust Assets pursuant to Sections 3.04 or 6.06, the Trust Estate created by this Indenture shall be deemed to have terminated (the "Trust Termination Date").
View SourceView Similar (5)

Related to Trust Termination Date

  • Post Termination After the Employee has terminated their employment with the Employer, the Employee shall be bound to Section XII of this Agreement for a period of ☐ Months ☐ Years (“Confidentiality Term”). If the Confidentiality Term is beyond any limit set by local, State, or Federal laws, then the Confidentiality Term shall be the maximum allowed legal time-frame.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • ISDA Early Termination Date Party A has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement;

  • Post-Termination Cooperation Following any termination of this Agreement, all Parties shall thereafter cooperate fully and work diligently in good faith to achieve an orderly resolution of all matters resulting from such termination.

  • Account Termination If you no longer wish to use our Services, or if we terminate your account for any reason, here's what you need to know.