Common use of Establishment of Fund Clause in Contracts

Establishment of Fund. The Grantor and the Trustee hereby establish a Standby Trust Fund (the “Fund”) for the benefit of the State of Oregon acting by and through its Department of Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund, except as herein provided. The Fund will remain empty until (and if), the proceeds of the [insert Surety Bond or Irrevocable Letter of Credit] are deposited into the Fund. The Fund will consist of such proceeds transferred to the Trustee, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor shall the Trustee have any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by DEQ.

Establishment of Fund. The Grantor and the Trustee hereby establish a Standby Trust Fund (( hereinafter the “"Fund”") for the benefit of the State of Oregon acting by and through its Department of Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund, Fund except as herein provided. The Fund will remain empty until (and if), the proceeds is established initially as consisting of the [insert Surety Bond or Irrevocable Letter of Credit] are deposited into property, which is acceptable to the FundTrustee, and described in Schedule B, which is attached hereto and by this reference incorporated herein. The Fund will consist of such proceeds Such property and any other property subsequently transferred to the TrusteeTrustee is referred to as the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor shall the Trustee have any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by DEQ.

Establishment of Fund. The Grantor and the Trustee hereby establish a Standby Trust Fund (the “Fund”) for the benefit of the State of Oregon acting by and through its Department of Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund, except as herein provided. The Fund will remain empty until (and if), the proceeds of the [insert Surety Bond or Irrevocable Letter of Credit] are deposited into the Fund. The Fund will consist of such proceeds transferred to the Trustee, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor shall the Trustee have any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by DEQ.

Establishment of Fund. The Grantor and the Trustee hereby establish a Standby Trust Fund (the “Fund”) for the benefit of the State of Oregon acting by and through its Department of Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund, except as herein provided. The Fund will remain empty until (and if), the proceeds of the [insert Surety Bond or Irrevocable Letter of Credit] Choose an item. are deposited into the Fund. The Fund will consist of such proceeds transferred to the Trustee, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor shall the Trustee have any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by DEQ.

Establishment of Fund. The Grantor and the Trustee hereby establish a Standby Trust Fund (hereinafter the “"Fund”") for the benefit of the State of Oregon acting by and through its Department of Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund, Fund except as herein provided. The Fund will remain empty until (and if), the proceeds is established initially as consisting of the [insert Surety Bond or Irrevocable Letter of Credit] are deposited into property, which is acceptable to the FundTrustee, and described in Schedule B, which is attached hereto and by this reference incorporated herein. The Fund will consist of such proceeds Such property and any other property subsequently transferred to the TrusteeTrustee is referred to as the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor shall the Trustee have any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by DEQ.