Common use of Continued Collection of Property of Trust Assets Clause in Contracts

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held as a part of the Trust. The Trustee shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's share of interest actually earned by the Trust after payment of the Trust's liabilities and expenses as provided in Section 5.5.

Appears in 4 contracts

Samples: Liquidating Trust Agreement (Shelbourne Properties Ii Inc), Trust Agreement (Fab Industries Inc), Liquidating Trust Agreement (Shelbourne Properties Iii Inc)

AutoNDA by SimpleDocs

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held held, administered and distributed as a part of the Trust. The Trustee shall hold the Trust Assets , without being obligated obligations to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's ’s share of interest actually earned by the Trust after payment of the Trust's ’s liabilities and expenses as provided in Section 5.55.6.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Xcorporeal, Inc.), Liquidating Trust Agreement (Amv Liquidating Trust), Liquidating Trust Agreement (Genaera Corp)

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held as a part of the Trust. The Trustee shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's ’s share of interest actually earned by the Trust after payment of the Trust's ’s liabilities and expenses as provided in Section 5.5.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Mission West Properties Inc)

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee Trustees and held as a part of the Trust. The Trustee Trustees shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's share of interest actually earned by the Trust after payment of the Trust's liabilities and expenses as provided in Section 5.55.6.

Appears in 1 contract

Samples: Liquidating Trust Agreement (BPP Liquidating Trust)

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held as a part of the Trust. The Trustee Trust or the Sponsor Trustees shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's share of interest actually earned by the Trust after payment of the Trust's liabilities and expenses as provided in Section 5.55.5 of this Agreement.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Malan Realty Investors Inc)

AutoNDA by SimpleDocs

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held as a part of the Trust. The Trustee shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's share of interest actually earned by the Trust after payment of the Trust's liabilities and expenses as provided in Section 5.55.6.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Advanced Switching Communications Inc)

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets shall continue to be collected by the Trustee and held as a part of the Trust, if and when any right to receive them arises. The Trustee shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's ’s share of interest actually earned by the Trust after payment of the Trust's ’s liabilities and expenses as provided in Section 5.5.

Appears in 1 contract

Samples: Liquidating Trust Agreement (All American Group Inc)

Continued Collection of Property of Trust Assets. All property that is determined to be a part of the Trust Assets Assets, including interest, dividends and other earnings of Trust Assets, shall continue to be collected by the Trustee and held as a part of the Trust. The Trustee shall hold the Trust Assets without being obligated to provide for or pay any interest thereon to any Beneficiary, except to the extent of such Beneficiary's ’s share of interest actually earned by the Trust after payment of the Trust's ’s liabilities and expenses as provided in Section 5.5.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Trimaine Holdings Inc)

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