Establishment of Trust Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereinafter the "Trust Fund," for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this Agreement in the amounts of $___________ per occurrence and $__________ annual aggregate for sudden accidental occurrences and $___________ per occurrence and $ ___________ annual aggregate for nonsudden accidental occurrences, except that the Trust Fund is not established for the benefit of third parties for the following:
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Establishment of Trust Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereinafter the fund ("Trust Fund," ") for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this Agreement in the amounts of $___________ per occurrence and $__________ annual aggregate for sudden accidental occurrences and $___________ per occurrence and $ _$__________ annual aggregate for nonsudden accidental occurrences, except that the Trust Fund is not established for the benefit of third parties for the following:
Appears in 3 contracts
Samples: Management Liability Trust Agreement, Management Liability Trust Agreement, Trust Agreement
