Common use of Cancellation of Pre-need Contract for Cause Clause in Contracts

Cancellation of Pre-need Contract for Cause. Within 30 days of the Trustee’s receipt from the Purchaser, the Purchaser’s heirs, or the Purchaser’s representative of an Affidavit stating (i) the existence of the Pre-need Contract and (ii) that the Provider failed to comply with the terms of the Pre-need Contract within a reasonable time, the Trustee shall file a copy of the Affidavit with the Regulator and the Provider, liquidate the Trust Funds, and distribute the liquidation proceeds, net of any accrued but unpaid Trustee compensation and expenses and taxes, in accordance with the Act.

Cancellation of Pre-need Contract for Cause. Within 30 days of the Trustee’s receipt from the Purchaser, the Purchaser’s heirs, or the Purchaser’s representative of an Affidavit stating (i) the existence of the Pre-need Contract and (ii) that the Provider failed to comply with the terms of the Pre-Pre- need Contract within a reasonable time, the Trustee shall file a copy of the Affidavit with the Regulator and the Provider, liquidate the Trust Funds, and distribute the liquidation proceeds, net of any accrued but unpaid Trustee compensation and expenses and taxes, in accordance with the Act.

Cancellation of Pre-need Contract for Cause. Within 30 days of the Trustee’s 's receipt from the Purchaser, the Purchaser’s 's heirs, or the Purchaser’s 's representative of an Affidavit stating (i) the existence of the Pre-need Contract and (ii) that the Provider failed to comply with the terms of the Pre-need Contract within a reasonable time, the Trustee shall file a copy of the Affidavit with the Regulator and the Provider, liquidate the Trust Funds, and distribute the liquidation proceeds, net of any accrued but unpaid Trustee compensation and expenses and taxes, in accordance with the Act.