Common use of Distribution Upon Termination Clause in Contracts

Distribution Upon Termination. If this Trust terminates under the provisions of Section 11.1(a), the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article VI, shall distribute to the Company and the Bank the net balance of any Company Trust Assets and Bank Trust Assets, respectively, and the net balance of the Expense Account, remaining after all Benefits and expenses have been paid. Upon making such distribution, the Trustee shall be relieved from all further obligations. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund (including claims against the Company or the Bank) remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 11.1(a) or (b), the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article VI, shall distribute to the Company and the Bank the net balance of any Company Trust Assets and Bank Trust Assets, respectively, and the net balance of the Expense Account, Fund assets remaining (i) after all Benefits and expenses have been paidpaid and (ii) in the case of a termination of the Trust pursuant to the provisions of Section 11.1(b), after all Valid Claims have been resolved. Upon making such distribution, the Trustee shall be relieved from all further obligations. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund (including claims against the Company or the BankDime) remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 11.1(a), the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article VI, shall distribute to the Company and the Bank the net balance of any Company Trust Assets and Bank Trust Assets, respectively, and the net balance of the Expense Account, remaining after all Benefits and expenses have been paid. Upon making such distribution, the Trustee shall be relieved from all further obligations. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund (including claims against the Company or the Bank) remain in its hands.be

Distribution Upon Termination. If this Trust terminates under the provisions of Section 11.1(a)11.1, the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article VI, shall distribute to the Company and the Bank the net balance of any Company Trust Assets and Bank Trust Assets, respectively, and the net balance assets of the Expense Account, Trust remaining after all Benefits Company Obligations have been met and expenses have been paid. Upon making any such distribution, the Trustee shall be relieved from of all further obligationsobligations hereunder. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund (including claims against the Company or the BankCompany) remain in its hands.