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to be held upon the trusts

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15:31 Feb 22, 2012
English to German translations [PRO]
Law/Patents - Law: Contract(s) / Trusts (Treuhänderschaft
English term or phrase: to be held upon the trusts
The Trustees, by deed or other written instrument revocable or irrevocable, may appoint, without infringing the rule against perpetuity which may be applicable to this Declaration, the whole or any part of the Trust Fund to be held upon the trusts and be subject to the powers and provisions of any other trust, the terms of which have been approved by the Trustees and under which no Person other than any one or more of the Beneficiaries hereof may for the time being be entitled to benefit as a beneficiary, provided that such appointment would not cause a material adverse change in the potential entitlement of any of the Beneficiaries under this Declaration and provided such trust or trusts reiterate, respect and are subject to sections 4.4 and 4.11 and the provisions of any shareholders' agreement or other similar agreement that specifies the rights of shareholders of xxxxxxor of xxxxxxxxxx and that is in effect at the time of the appointment.
Silvia M.
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