Establishment of Fund. The Grantor and the Trustee hereby establish a trust fund (the Fund), for the benefit of the Agency (hereafter sometimes referred to as the “Beneficiary”). The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund is
Appears in 6 contracts
Samples: Mitigation Bank Trust Fund Agreement, Mitigation Bank Trust Fund Agreement, Mitigation Bank Trust Fund Agreement
Establishment of Fund. The Grantor and the Trustee hereby establish a trust fund (the Fund), for the benefit of the Agency (hereafter sometimes referred to as the “Beneficiary”)Agency. The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund isis established initially as a standby to receive payments and shall not consist of any property. Payments made by the Grantor pursuant to the Agency’s instructions are transferred to the Trustee and referred to as the Fund, together with all earnings and profits thereon,
Appears in 2 contracts
Samples: Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement
Establishment of Fund. The Grantor and the Trustee hereby establish a trust fund (the Fund), for the benefit of the Agency (hereafter sometimes referred to as the “Beneficiary”)District. The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund isherein
Appears in 2 contracts
Samples: Mitigation Bank Trust Fund Agreement, Mitigation Bank Trust Fund Agreement
Establishment of Fund. The Grantor and the Trustee hereby establish a trust fund (fund, the "Fund), ," for the benefit of the Agency (hereafter sometimes referred to as the “Beneficiary”)Agency. The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund isis established initially as consisting of the property, which is acceptable to the Trustee, described in
Appears in 1 contract
Samples: Trust Agreement
