Common use of DISTRIBUTION OF TRUST FUNDS Clause in Contracts

DISTRIBUTION OF TRUST FUNDS. 7.1 Withdrawal of Preneed Funds. Preneed Funds held in the Preneed Trust Fund which are related to Preneed Contracts shall be retained in the Preneed Trust Fund by Trustee until Trustee receives from Cemetery Authority a written request for withdrawal from the Preneed Trust Fund of requested amounts relating to the Preneed Contract, including, in the case of the death of the “Beneficiary” (as the term is used in Title 27, Chapter 17A of the Code of Alabama 1975) of the Preneed Contract, proper documentation as required under Title 27, Chapter 17A of the Code of Alabama 1975.

Appears in 6 contracts

Samples: Preneed Cemetery Merchandise and Services Master Trust Agreement, Preneed Cemetery Merchandise and Services Trust Agreement, Preneed Cemetery Merchandise and Services Master Trust Agreement

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DISTRIBUTION OF TRUST FUNDS. 7.1 Withdrawal of Preneed Funds. Preneed Funds held in the Preneed Trust Fund which are related to Preneed Contracts shall be retained in the Preneed Trust Fund by Trustee until Trustee receives from Cemetery Authority Funeral Establishment a written request for withdrawal from the Preneed Trust Fund of requested amounts relating to the Preneed Contract, including, in the case of the death of the “Beneficiary” (as the term is used in Title 27, Chapter 17A of the Code of Alabama 1975) of the Preneed Contract, proper documentation as required under Title 27, Chapter 17A of the Code of Alabama 1975.

Appears in 4 contracts

Samples: Preneed Funeral Merchandise and Services Trust Agreement, Preneed Funeral Merchandise and Services Master Trust Agreement, Preneed Funeral Merchandise and Services Master Trust Agreement

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