Common use of Establishment of Fund Clause in Contracts

Establishment of Fund. The grantor and the trustee hereby establish a trust fund, the "fund", for the benefit of the licensing authority. The grantor and the trustee intend that no third party have access to the fund except as herein provided. The fund is established initially as consisting of the property, which is acceptable to the trustee, described in schedule B attached hereto. Such property and any other property subsequently transferred to the trustee 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 will be held by the trustee, in trust, as hereinafter provided. The trustee shall not be responsible nor shall itthe trustee undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantor, any payments necessary to discharge any liabilities of the grantor established by the licensing authority.

Establishment of Fund. The grantor and the trustee hereby establish a trust fund, the "fund", for the benefit of the licensing authority. The grantor and the trustee intend that no third party have access to the fund except as herein provided. The fund is established initially as consisting of the property, which is acceptable to the trustee, described in schedule Schedule B attached hereto. Such property and any other property subsequently transferred to the trustee 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 will be held by the trustee, in trust, as hereinafter provided. The trustee shall not be responsible nor shall itthe trustee it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantor, any payments necessary to discharge any liabilities of the grantor established by the licensing authority.

Establishment of Fund. The grantor and the trustee hereby establish a trust fund, the "fund", for the benefit of the licensing authority. The grantor and the trustee intend that no third party have access to the fund except as herein provided. The fund is established initially as consisting of the property, which is acceptable to the trustee, described in schedule Schedule B attached hereto. Such property and any other property subsequently transferred to the trustee 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 will be held by the trustee, in trust, as hereinafter provided. The trustee shall not be responsible nor shall itthe the trustee undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantor, any payments necessary to discharge any liabilities of the grantor established by the licensing authority.

Establishment of Fund. The grantor and the trustee hereby establish a trust fund, the "fund", for the benefit of the licensing authority. The grantor and the trustee intend that no third party have access to the fund except as herein provided. The fund is established initially as consisting of the property, which is acceptable to the trustee, described in schedule B attached hereto. Such property and any other property subsequently transferred to the trustee 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 will be held by the trustee, in trust, as hereinafter provided. The trustee shall not be responsible nor shall itthe the trustee undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantor, any payments necessary to discharge any liabilities of the grantor established by the licensing authority.

Establishment of Fund. The grantor Grantor and the trustee Trustee hereby establish a trust fund, the "fund", Fund," for the benefit of the licensing authorityFDEP. The grantor Grantor and the trustee Trustee intend that no third party have access to the fund Fund except as herein provided. The fund Fund is established initially as consisting of the property, which is acceptable to the trusteeTrustee, described in schedule Schedule B attached hereto. Such property and any other property subsequently transferred to the trustee Trustee is referred to as the fundFund, together with all earnings and profits thereon, less any payments or distributions made by the trustee Trustee pursuant to this agreementAgreement. The fund will Fund shall be held by the trusteeTrustee, in trustIN TRUST, as hereinafter provided. The trustee Trustee shall not be responsible nor shall itthe trustee it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantorGrantor, any payments necessary to discharge any liabilities of the grantor Grantor established by the licensing authorityFDEP.

Establishment of Fund. The grantor Grantor and the trustee Trustee hereby establish a trust fund, the "fund", “Fund,” for the benefit of the licensing authorityCabinet. The grantor Grantor and the trustee Trustee intend that no third party have access to the fund Fund except as herein provided. The fund Fund is established initially as consisting of the property, which is acceptable to the trusteeTrustee, described in schedule Schedule B attached hereto. Such property and any other property subsequently transferred to the trustee Trustee is referred to as the fundFund, together with all earnings and profits thereon, less any payments or distributions made by the trustee Trustee pursuant to this agreementAgreement. The fund Fund will be held by the trusteeTrustee, in trustIN TRUST, as hereinafter provided. The trustee Trustee shall not be responsible nor shall itthe trustee it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantorGrantor, any payments necessary to discharge any liabilities of the grantor Grantor established by the licensing authorityCabinet.

Establishment of Fund. The grantor Grantor and the trustee Trustee hereby establish a trust fund, hereinafter the "fundFund", for the benefit of the licensing authorityBeneficiary. The grantor Grantor and the trustee Trustee intend that no third party have access to the fund Fund except as herein provided. The fund Fund is established initially as consisting of the property, which is acceptable to the trusteeTrustee, described in schedule Schedule B attached hereto. Such property and any other property subsequently transferred to the trustee Trustee is referred to as the fundFund, together with all earnings and profits thereon, less any payments or distributions made by the trustee Trustee pursuant to this agreementAgreement. The fund will Fund shall be held by the trusteeTrustee, in trustIN TRUST, as hereinafter provided. The trustee Trustee shall not be responsible nor shall itthe trustee it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the grantorGrantor, any payments necessary to discharge any liabilities of the grantor Grantor established by the licensing authorityBeneficiary.