DISBURSEMENTS FROM THE TRUST FUND Sample Clauses

DISBURSEMENTS FROM THE TRUST FUND. The Trustee shall from time to time on the directions of the Administrator or Recordkeeper make payments out of the Trust Fund to such persons, including the Administrator or Recordkeeper, in such manner, in such amounts and for such purposes as may be specified in the directions of the Recordkeeper or Administrator. The Recordkeeper or Administrator shall be responsible for insuring that any payment directed under this Article conforms to the provisions of the Plans, this Trust Agreement, and the provisions of ERISA. Each direction of the Recordkeeper or Administrator shall be in writing and shall be deemed to include a certification that any payment or other distribution directed thereby is one which the Recordkeeper or Administrator is authorized to direct, and the Trustee may conclusively rely on such deemed certification without further investigation. Payments by the Trustee may be made by its check to the order of the payee. Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Trustee by the Recordkeeper or if no such address has been so furnished, to the payee in care of the Recordkeeper. The Trustee shall not incur any liability or other damage on account of any payments or other distributions made by it in accordance with the written directions of the Recordkeeper or Administrator.
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DISBURSEMENTS FROM THE TRUST FUND. The available funds in the Trust Fund shall be disbursed by the Trustee on the 1st day of each month, or the next Business Day (defined herein as any day other than a Saturday, a Sunday, a day on which banking institutions in the city in which the designated corporate trust office of the Trustee is located are closed, or a day on which the New York Stock Exchange is closed), if the 1st day is not a Business Day, as follows:
DISBURSEMENTS FROM THE TRUST FUND. The Trustee shall from time to time on the directions of the Administrator or other authorized person make payments out of the Trust Fund to such persons, including the Administrator, or any member of the Retirement Committee in such manner, in such amounts and for such purposes as may be specified in the directions of the Administrator. The Administrator shall be responsible for insuring that any payment directed under this Article conforms to the provisions of the Plan, this Trust Agreement, and the provisions of the Employee Retirement Income Security Act of 1974, as amended (referred to herein as "ERISA"). Each direction of the Administrator shall be in writing and shall be deemed to include a certification that any payment or other distribution directed thereby is one which the Administrator is authorized to direct, and the Trustee may conclusively rely on such certification without further investigation. Payments by the Trustee may be made by its check to the order of the payee. Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Trustee by the Administrator or if no such address has been so furnished, to the payee in care of the Administrator. The Trustee shall not incur any liability or other damage on account of any payments or other distributions made by it in accordance with the written directions of the Administrator. Notwithstanding the preceding two paragraphs of this Section 2, the Trustee will not make payments directed by the Administrator following a "Change in Control" (as defined in Section 13.036 of the Plan document), which directions are given pursuant to a Plan amendment adopted in violation of Section 13.012, 13.013, or 13.036 of the Plan document (or a similar provision of any subsequent version of the Plan document). The Administrator shall notify the Trustee of the occurrence of a Change in Control and shall attach to its notice a certified copy of the Plan (including all amendments thereto) as it existed immediately prior to the Change in Control. The Trustee may rely on the Administrator's notice or on any other actual notice, satisfactory to the Trustee, of a Change in Control which the Trustee may receive. Absent any notice from the Administrator, the Trustee shall have no obligation or duty to determine if or when a change in Control has occurred.
DISBURSEMENTS FROM THE TRUST FUND. The Trustee shall from time to time on the directions of the Administrator or Recordkeeper make payments out of the Trust Fund to such persons, including the Administrator or Recordkeeper, in such manner, in such amounts and for such purposes as may be specified in the directions of the Recordkeeper or Committee. The Recordkeeper or Administrator shall be responsible for insuring that any payment directed under this Article conforms to the provisions of the Plans, this Trust Agreement, and the provisions of the Employee Retirement Income Security Act of
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