ADDITIONS TO THE TRUST FUND Sample Clauses

ADDITIONS TO THE TRUST FUND. The Trustees may at any time receive any money or other property from any person or company to be held by them as an addition to the Trust Fund and any such additions which shall be accepted and received by the Trustees shall (in the absence of any contradictory direction) be held by the Trustees upon trust on the terms of this Deed
AutoNDA by SimpleDocs
ADDITIONS TO THE TRUST FUND. The Trustees may receive and accept, as an addition to the trust Fund, any property whether real, personal, or mixed, by way of gift, bequest, or devise, from any person, firm, trust, or corporation for the purposes of the Fund as specified in Article II hereof, to be held, administered, and disposed of in accordance with and pursuant to the provisions of this Agreement, but no gift, bequest, or devise of any such property shall be received and accepted if it is conditioned or limited in such a manner (1) as to require the disposition of the income or its principal to any person or organization for other than “charitable, religious or educational purposes” as specified in Article II of this Agreement, or (2) as shall, in the opinion of the Trustees, jeopardize the federal income tax exemption of the Fund pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law.
ADDITIONS TO THE TRUST FUND. 6.01 The Settlor may from time to time during the currency of this Indenture convey, transfer or assign, by deed, will or inter vivos trust or in any other manner, any assets (being real, personal or mixed property) to the Trustee to become part of the Trust Fund and such additional assets so conveyed, transferred or assigned shall be held upon and be subject to the trusts herein set forth to the same extent and effect as if originally included in the property listed in Schedule "A" annexed to this Agreement.
ADDITIONS TO THE TRUST FUND. 4.1 The Trustee may from time to time accept further money, or any other real or personal property from any person pursuant to agreements which have been or which may be made pursuant to or in relation to the operation of the Native Title Act 1993 (Cth) or by way of contributions by any member of the public or Organisation, as Trustee of the Trust (whether as a gift or on such terms as may be agreed by the Trustee) and such money or other property shall form part of the 'Trust Fund.
ADDITIONS TO THE TRUST FUND. 4.1 The Trustees may as they shall in their absolute discretion think fit at any time accept any money investments or other property (including property of an onerous nature the acceptance of which the Trustees consider to be beneficial) offered to them whether by the Company, any Subsidiary or any person to be held by the Trustees as an addition to the Trust Fund to be held by the Trustees on the trusts and subject to the powers and provisions hereof.

Related to ADDITIONS TO THE TRUST FUND

  • Payments to the Trustee Any amounts paid to the Trustee pursuant to this Article VIII shall be deemed not to be a part of the Trust Estate immediately after such payment. The Trustee shall also be entitled to interest on all fees and expenses that are due and unpaid for more than sixty (60) days after they have been billed to the party responsible for the payment of such amounts at a rate equal to the rate publicly announced by Wilmington Trust Company as its prime rate from time to time.

  • Trust Funds The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

  • Administration of the Trust Fund Section 4.01

  • Amendments to the Trust Agreement (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future.

  • Establishment of Trust Account The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

Time is Money Join Law Insider Premium to draft better contracts faster.