Creditors' Claims During Solvency. 5.04.1 During periods of Solvency the Trustee shall hold the trust fund exclusively to pay Plan benefits and fees and expenses of the trust until all Plan benefits have been paid. Creditors of the Company shall not be paid during Solvency from the trust fund, which may not be seized by or subjected to the claims of such creditors in any way.
Appears in 3 contracts
Samples: Trust Agreement (Milacron Inc), Trust Agreement (Milacron Inc), Umbrella Trust Agreement (North Valley Bancorp)
Creditors' Claims During Solvency. 5.04.1 5.04-1 During periods of Solvency solvency, the Trustee shall hold the trust fund exclusively to pay Plan benefits and fees and expenses of the trust Trust until all Plan benefits have been paid. Creditors of the Company shall not be paid during Solvency solvency from the trust fund, which may not be seized by or subjected to the claims of such creditors in any way.
5.04-2 A period of solvency is any period when the Company is not Insolvent.
Appears in 2 contracts
Samples: Trust Agreement (Prudential Financial Inc), Not Specified (Egghead Inc /Wa/)
Creditors' Claims During Solvency. 5.04.1 5.04-1 During periods of Solvency the Trustee shall hold the trust fund exclusively to pay Plan benefits and fees and expenses of the trust until all Plan benefits have been paid. Creditors of the Company shall not be paid during Solvency from the trust fund, which may not be seized by or subjected to the claims of such creditors in any way.
Appears in 2 contracts
Samples: Trust Agreement (Keycorp /New/), Trust Agreement (Milacron Inc)
Creditors' Claims During Solvency. 5.04.1 5.4.1 During periods of Solvency the Trustee shall hold the trust fund exclusively to pay Plan the Plans' benefits and fees and expenses of the trust until all Plan benefits have been paid. Creditors of the Company shall not be paid during Solvency from the trust fund, which may not be seized by or subjected to the claims of such creditors in any way.
5.4.2 A period of "Solvency" is any period not covered by 5.2.
Appears in 2 contracts
Samples: Master Trust Agreement (At&t Inc.), Trust Agreement (SBC Communications Inc)
Creditors' Claims During Solvency. 5.04.1 5.04-1 During periods of Solvency the Trustee shall hold the trust fund exclusively to pay Plan benefits and fees and expenses of the trust until all Plan benefits have been paid. Creditors of the Company shall not be paid during Solvency from the trust fund, which may not be seized by or subjected to the claims of such creditors in any way.
5.04-2 A period of Solvency is any period not covered by 5.02.
Appears in 2 contracts
Samples: Trust Agreement (Keycorp /New/), Umbrella Trust Agreement (North Valley Bancorp)
