DISPOSITION OF TRUST FUND Sample Clauses

DISPOSITION OF TRUST FUND. SECTION 2.01. Upon the earlier to occur of (i) December 31, 1998 or (ii) the consummation of the Certificate Offering, the Trustee shall deliver to the Depositor the Trust Fund. In the event the delivery occurs pursuant to clause (i) above, the Trust shall terminate and shall be of no further force and effect. In the event the delivery occurs pursuant to clause (ii) above, the delivery shall not occur until the Trust has acquired ownership of the % First Mortgage Bonds, Due 2003 of Mid-America Capital Partners, L.P. (the "Bonds") and shall occur immediately before the Amended and Restated Trust Agreement is executed.
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DISPOSITION OF TRUST FUND. At all times during the continuance of the trust, all principal amounts contributed to the trust and all interest thereon, net of expenses, will, unless paid as distributions to Participants under Section 3.1 or to creditors of the Company under Section 3.3, be accumulated and reinvested for the purposes provided herein. Except as provided in Section 3.3 or Section 7.2, the Company shall not have the right or power to direct the Trustee to return to the Company or to direct to others any of the trust assets before all payments have been made to Participants for whom the Company has an obligation to make payments under the Plan. Upon payment of all such amounts, the Trustee shall return to the Company all amounts, if any, then remaining in the Trust allocable to Participants for whom the Company had an obligation to make payments under the Plan.
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DISPOSITION OF TRUST FUND 
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Related to DISPOSITION OF TRUST FUND

  • Acquisition of Trust Property (a) The Trustee is hereby irrevocably authorized and directed to execute and deliver the Assignment and Assumption Agreement on the date specified in Section 7.01 of the Related Pass Through Trust Supplement, subject only to the satisfaction of the conditions set forth in said Section 7.01. The Agreement (except only for this sentence and the immediately preceding sentence hereof, which are effective upon execution and delivery hereof) shall become effective upon the execution and delivery of the Assignment and Assumption Agreement by the Trustee and the Related Trustee, automatically and without any further signature or action on the part of the Company and the Trustee, and shall thereupon constitute the legal, valid and binding obligation of the parties hereto enforceable against each of the parties hereto in accordance with its terms. Upon such execution and delivery of the Assignment and Assumption Agreement, the Related Trust shall be terminated, the Applicable Certificateholders shall receive beneficial interests in the Applicable Trust in exchange for their interests in the Related Trust equal to their respective beneficial interests in the Related Trust and the “Outstanding” (as defined in the Related Pass Through Trust Agreement) pass through certificates representing fractional undivided interests in the Related Trust shall be deemed for all purposes of the Agreement, without further signature or action of any party or Certificateholder, to be Certificates representing the same Fractional Undivided Interests in the Applicable Trust and Trust Property. By acceptance of its Applicable Certificate, each Applicable Certificateholder consents to and ratifies such assignment, transfer and delivery of the trust property of the Related Trust to the Trustee upon the execution and delivery of the Assignment and Assumption Agreement. The provisions of this Section 5.01(a) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes or Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust.

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Sale of Trust Assets (a) [Intentionally Omitted].

  • Investment of Trust Assets The Trustee shall engage the Investment Manager to invest and reinvest the principal and income of the Trust Assets in those investments that are reasonably calculated to preserve the principal value, taking into account the need for the safety and liquidity of principal as may be required to fund Eligible Mitigation Actions and Trust Administration Costs.

  • VALUATION OF TRUST In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))

  • Application of Trust Funds Certain Duties Section 5.01. [Reserved].

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