Common use of Excess Balance Clause in Contracts

Excess Balance. If at any time the fair market value of the Trust Fund shall exceed the Minimum Balance, plus any additional contributions which continue to be required pursuant to Section 4.4, Grantor shall be entitled to withdraw an amount equal to the excess over the said sum upon thirty (30) days’ advance written notice to the Beneficiaries’ Representative.

Appears in 6 contracts

Samples: Indemnification Agreement (Microsoft Corp), Officers’ Indemnification Trust Agreement (Microsoft Corp), Directors’ Indemnification Trust Agreement (Microsoft Corp)

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Excess Balance. If at any time the fair market value of the Trust Fund shall exceed the Minimum Balance, plus any additional contributions which continue to be required pursuant to Section 4.42.4, Grantor shall be entitled to withdraw an amount equal to the excess over the said sum upon thirty (30) days’ advance Minimum Balance with the written notice to consent of the Beneficiaries' Representative.

Appears in 1 contract

Samples: Trust Agreement (Microsoft Corp)

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