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:
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.
