Common use of ACCOUNTING FOR THE FUND Clause in Contracts

ACCOUNTING FOR THE FUND. The Trustee shall annually, at least thirty (30) days prior to the anniversary date of establishment of the Fund; furnish to the Grantor and the Beneficiary a written statement of the current value of the Fund. Any securities in the Fund shall be valued at market value as of no more than sixty (60) days prior to the anniversary date established for the Fund. The accounting shall show in reasonable detail the following: The total funds deposited into the Fund; Accrued earnings on the funds deposited into the Fund; The amount of the funds that have been paid out of the Fund; and The remaining balance of the Fund.

ACCOUNTING FOR THE FUND. The Trustee shall annually, at least thirty (30) days prior to the anniversary date of establishment of the Fund; furnish to the Grantor and the Beneficiary a written statement of the current value of the Fund. Any securities in the Fund shall be valued at market value as of no more than sixty (60) days prior to the anniversary date established for the Fund. The accounting shall show in reasonable detail the following: : (A) The total funds deposited into the Fund; ; (B) Accrued earnings on the funds deposited into the Fund; ; (C) The amount of the funds that have been paid out of the Fund; and and (D) The remaining balance of the Fund.