ASSETS HELD IN TRUST. The assets in all accounts created under this Loan Agreement shall be held in trust for the purposes provided herein and used only for the purposes and in the manner prescribed in this Agreement; and, pending such use, said assets shall be subject to a lien and charge in favor of the Department.
ASSETS HELD IN TRUST. The Trustee shall hold the Fund and shall accept and hold all contributions thereto and all investments and reinvestments thereof in trust for the persons ultimately entitled thereto under the terms of this Plan.
ASSETS HELD IN TRUST. All assets and properties of the Authority shall be held in trust for the purposes herein mentioned, including payment of liabilities of the Authority.
ASSETS HELD IN TRUST. The assets in the Loan Debt Service Account shall be held in trust for the purposes provided herein and used only for the purposes and in the manner prescribed in this Agreement; and, pending such use, said assets shall be subject to a lien and charge in favor of the Corporation.
ASSETS HELD IN TRUST. It is acknowledged by the Parties hereto that the transfer of the legal title to all of the Assets will occur upon completion of a payment of consideration. Until the legal title to the Assets has been transferred, Vendor agrees to hold the same for Purchaser, as beneficiary of all of Vendor's right, title and interest in the Assets and same shall be held by Vendor for the sole and exclusive use, benefit and advantage of Purchaser.
ASSETS HELD IN TRUST. With respect to any asset or interest of the Vendor intended to be sold, conveyed, assigned and transferred to the Purchaser on the date hereof and the title to which may not have passed to the Purchaser by virtue hereof or any agreement or instrument executed pursuant hereto, the Vendor shall hold the same in trust for the Purchaser to sell, convey, assign and transfer the same as the Purchaser may from time to time direct and the Vendor shall account to the Purchaser for all receipts, monies, profits, benefits and advantages derived by or accruing to the Vendor from any such asset or interest after the date hereof.
ASSETS HELD IN TRUST. (a) The assets held in trust (jointly, the “Assets Held in Trust”) shall include the following:
(1) the Initial Shares transferred by each Trustor, as agreed in Clause One of this Agreement;
(2) any Additional Shares or other assets, if applicable, that the Trustors or any third party directly or indirectly controlled by Cemex SAB, give in trust under this Agreement;
(3) any additional rights relating to the Initial Shares and any other assets encumbered in trust under the present Agreement;
(4) except for dividends or other distributions to which the Trustors have a right under Clause Five (b) of the present Agreement, any yields, distributions or funds of any type resulting from or relating to the Initial Shares, the Additional Shares or any assets encumbered in trust under the present Agreement;
(5) any instruments or securities of any type acquired with the Assets Held in Trust and the yields or funds resulting from the aforementioned Assets Held in Trust;
(6) any certificates or instruments that for any reason replace the Initial Shares or the Additional Shares;
(7) the rights corresponding to the Initial Shares, any Additional Shares and any assets encumbered in trust under the present Agreement, in accordance with and subject to the restrictions set forth in Clause Five of this Agreement, and
(8) any other assets (including rights) that for any reason or as a result of any legal circumstance come to form part of the Assets Held in Trust.
(b) The parties agree that the Assets Held in Trust are being transferred to the Trustee solely to comply with the provisions set forth in the present Agreement, including the provisions in Clause Three.
(c) The parties, other than the Trustee, agree that the Trustee assumes no liability or obligation, whether explicit or implicit, whatsoever with respect to the origin, authenticity, ownership or legitimacy of the Assets Held in Trust.
ASSETS HELD IN TRUST. All Assets of ADCOM will be held in trust for the purposes stated in this Agreement, including payment of liabilities of ADCOM.
ASSETS HELD IN TRUST. All Assets of Jeffcom will be held in trust for the purposes stated in this Agreement, including payment of liabilities of Jeffcom.
ASSETS HELD IN TRUST. All assets of the Consortium will be held in trust for the purposes stated in this Agreement, including payment of liabilities of the Consortium.
